LIVE
30Y FIXED6.85%↑ 0.02·15Y FIXED6.12%↓ 0.01·REFI 30Y6.78%↑ 0.01·HELOC9.20%0.00·JUMBO 30Y7.05%↑ 0.03·HYSA TOP4.85%↓ 0.05·12M CD5.10%0.00·24M CD4.85%↓ 0.02·5Y CD4.40%↑ 0.01·MMA TOP4.65%0.00·AUTO 60M NEW7.10%↓ 0.02·AUTO 60M USED8.45%↑ 0.04·PERSONAL EXC.8.20%0.00·10Y TREASURY4.32%↑ 0.01·30Y FIXED6.85%↑ 0.02·15Y FIXED6.12%↓ 0.01·REFI 30Y6.78%↑ 0.01·HELOC9.20%0.00·JUMBO 30Y7.05%↑ 0.03·HYSA TOP4.85%↓ 0.05·12M CD5.10%0.00·24M CD4.85%↓ 0.02·5Y CD4.40%↑ 0.01·MMA TOP4.65%0.00·AUTO 60M NEW7.10%↓ 0.02·AUTO 60M USED8.45%↑ 0.04·PERSONAL EXC.8.20%0.00·10Y TREASURY4.32%↑ 0.01·
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Savings / Accounts
Savings account review

LendingClub High-Yield Savings Review (2026)

LendingClub Bank earned 4.4 / 5 in our 2026 review. Best for: low opening deposit with high apy. Here is the full breakdown.

By the Fintiex Rate Desk · Updated 2026-05-02
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TL;DR
APY
4.50%
Min to open
$25
Monthly fee
$0
FDIC
Insured
Mobile app
4.4 / 5
Min balance
None
Withdrawal limit
None enforced
Fintiex rating
4.4 / 5
Pros
  • +Strong 4.50% APY with only $25 minimum to open
  • +Full FDIC-insured bank (not just a fintech)
  • +ATM card available with checking account
  • +No monthly fees
  • +Pair with LendingClub Rewards Checking for combined benefits
Cons
  • -$25 minimum opening deposit
  • -Smaller bank with less brand recognition
  • -Limited customer service hours vs. big banks
  • -Mobile app not as polished as Ally or Capital One
Best for

LendingClub High-Yield Savings is the right pick if you prioritize low opening deposit with high apy. If that does not match what you need, compare against the other 7 picks on the savings accounts hub.

Rate history

Today
4.50%
30 days ago
4.50%
90 days ago
4.45%
1 year ago
4.10%

Rate history is approximate and reflects the broader market trend for top online savings accounts. LendingClub Bank adjusts its APY in response to Federal Reserve policy decisions, typically within 1 to 4 weeks of a Fed move. We refresh this section weekly.

How to open a LendingClub Bank account

Opening LendingClub High-Yield Savings takes about 10 minutes online. You will need a Social Security number, a valid US address, and a funding source (an existing bank account login, debit card, or check by mail). The account is usually approved instantly, and your first ACH transfer typically clears in 1 to 3 business days.

  • Visit the LendingClub Bank savings page
  • Enter your name, address, and Social Security number
  • Fund the account (minimum $25)
  • Set up two-factor authentication and confirm your email
  • Start earning 4.50% APY the next business day
Open at LendingClub Bank View LendingClub Bank fee schedule

Frequently asked questions

Is LendingClub High-Yield Savings FDIC insured?
Yes. LendingClub Bank is a member of the FDIC, which insures deposits up to $250,000 per depositor, per bank, per ownership category. If the bank fails, the federal government guarantees your money up to that limit. You can verify FDIC membership at fdic.gov/bankfind.
What APY does LendingClub High-Yield Savings pay right now?
LendingClub High-Yield Savings pays 4.50% APY as of our last update on 2026-05-02. APY is variable and can change at any time as the Federal Reserve adjusts rates. Banks usually move their APY within 1 to 4 weeks of a Fed rate change.
Are there any monthly fees on LendingClub High-Yield Savings?
No. LendingClub High-Yield Savings has no monthly maintenance fee. There is also no minimum balance requirement to avoid a fee.
What is the minimum to open LendingClub High-Yield Savings?
LendingClub High-Yield Savings requires a minimum opening deposit of $25. After opening, there is no minimum balance requirement.
How do I open a LendingClub High-Yield Savings account?
You can open LendingClub High-Yield Savings online in about 10 minutes. You will need a Social Security number, a valid US address, and a funding source (an existing bank account or a debit card). The account is usually approved instantly. Funds typically arrive 1 to 3 business days after the first ACH transfer settles.
Can I withdraw money from LendingClub High-Yield Savings anytime?
Yes. Unlike a CD, LendingClub High-Yield Savings is a liquid savings account. You can transfer money out at any time via ACH, wire, or (if supported) ATM. Federal Regulation D withdrawal limits were lifted in 2020, but some banks still cap free monthly withdrawals at 6.

Ready to open LendingClub High-Yield Savings?

Takes about 10 minutes. 4.50% APY, FDIC insured.

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