LendingClub LevelUp Savings
#8 in Savings Account · Rated 4.3
LendingClub LevelUp Savings: boosted APY with monthly deposits
LendingClub LevelUp Savings is a high-yield savings option that rewards consistent monthly deposits with a boosted APY. The LevelUp Rate currently offers 4.00% APY when you deposit at least $250 in a statement cycle; otherwise, you earn the Standard Rate (3.00–3.50% APY depending on tier and balance). The product is FDIC-insured via LendingClub Bank and can be opened with no minimum balance. It’s designed for savers who can commit to a monthly contribution, enabling a strong return while offering the simplicity of an online bank. The LevelUp structure includes automatic eligibility for the top rate during the first two statement cycles as you set up deposits, with ongoing adjustments based on monthly contributions.
Features
- LevelUp Rate: 4.00% APY with $250+ monthly deposits
- No monthly fees
- FDIC insured via LendingClub Bank
- Easy online access to transfers
Pros
- High yield with predictable monthly deposits
- No minimum balance to open
- FDIC insured
Cons
- Requires $250 monthly deposit to earn top rate
- Rates can change with policy updates