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LendingClub High-Yield Savings logo

LendingClub High-Yield Savings

High-Yield Savings Account

445 people have explored a LendingClub account this week
4.3
(11 reviews)
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Fintech Platform
Account Images
LendingClub High-Yield Savings - Image 1
Account Overview

4.20% APY

Annual Percentage Yield

Minimum Deposit$0
Monthly FeeNo Fee
FDIC Insured
Yes
About This Account

LendingClub offers high-yield savings accounts as part of their broader financial platform. Known for peer-to-peer lending, they've expanded into traditional banking products with competitive rates.

Key Highlights

  • Strong 4.20% APY rate
  • Part of established fintech platform
  • No fees or minimums
  • Integration with investment options
Pros
  • Excellent APY of 4.20%
  • No minimum balance or fees
  • Established fintech brand
  • Good mobile banking app
  • Additional investment options available
Cons
  • Newer to traditional banking
  • No physical branches
  • Limited traditional banking features
  • Focus primarily on digital experience
Features & Benefits
High-yield savings with 4.20% APY
No minimum balance requirements
No monthly maintenance fees
FDIC insured up to $250,000
Mobile and online banking
Integration with investment platform
Customer Reviews
4.3
(11 reviews)
"I've had a LendingClub HYSA for three years. They do a great job of assuring me my money is safe. Good communication about my APY, an easy-to-use app."
Anonymous
LendingClub logo
Reddit
2024
"In my experience, LendingClub has been reliable, with clear communication about any account changes. I've never had issues and trust them to keep my online savings safe."
Anonymous
LendingClub logo
Motley Fool
2025
"I was a successful, happy investor in Lending Club before they became Lending Club Bank. When they posted about the high interest rate offered I jumped at it. My experience has been 100% positive. Never any delays, denials, held checks or funds, or difficulty communicating with them."
Anonymous
LendingClub logo
DepositAccounts
2024

4.20% APY

Current Rate

445

people explored this account this week

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Rates subject to change. Terms and conditions apply.

Quick Facts
Account TypeHigh-Yield Savings Account
Min. Opening Deposit$0
Monthly Maintenance FeeNone
FDIC InsuredYes
Customer Rating4.3/5