LendingClub LevelUp Savings
Editor reviewed4.00% APY uncapped in any month you deposit $250 or more
Rates verified July 23, 2026Open accountTracked since2026
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The Bottom Line
APY
4%
Biggest pro
4.00% uncapped for anyone auto-saving $250/mo
Biggest con
Forgetting one month costs you 100bps
At a glance
Rates verified July 23, 2026- APY
- 4%
- APY note
- LevelUp rate in months you deposit $250+; 3.00% otherwise. Behavior-gated, not balance-gated.
- Minimum deposit
- None
- Monthly fee
- None
- FDIC
- Direct, Member FDIC, $250k
- Institution
- LendingClub Bank, N.A.
- ATM access
- Yes
Is it worth it?
$400 a year on a $10,000 balance
At 4% APY, $10,000 earns about $400 in the first year, versus roughly $38 at the 0.38% FDIC national average. That is about $362 more for moving the same money. APY is variable and shown as of the date above.
What is LendingClub LevelUp Savings?
LendingClub LevelUp Savings pays a top-tier uncapped rate as a habit reward: keep feeding it $250 a month and the whole balance earns 4.00%. The honest verdict: excellent for disciplined auto-savers, punishing for anyone who forgets a month.
The LevelUp rate is 4.00% APY on the entire balance in months you deposit $250 or more, and 3.00% otherwise, per official terms as of June 26, 2026. The gate is behavioral, not balance-based: there is no minimum deposit, no minimum balance, and no monthly fee. Deposits are held directly at LendingClub Bank, N.A., Member FDIC, insured to $250,000 per depositor. A free ATM card comes with the savings account, checking is available, and ACH transfers run 1 to 2 days.
The catch: forgetting one month of deposits costs you 100 basis points, and the rate mechanics confuse casual savers.
Pros & Cons
Pros
- 4.00% uncapped for anyone auto-saving $250/mo
- ATM access
- Checking available alongside
Cons
- Forgetting one month costs you 100bps
- Rate mechanics confuse casual savers
- Transfers run over 1-2 day ACH, not instant
Key details
4.00% APY on the whole balance in months you deposit $250+3.00% APY in months without qualifying depositsFree ATM card on savingsChecking availableACH transfers in 1-2 daysDeposit-activity rate gate, not a balance gate
Explore More
LendingClub LevelUp Savings FAQ
What is the current APY on LendingClub LevelUp Savings?
4.00% APY on the entire balance in any month you deposit $250 or more, and 3.00% otherwise, per official terms as of June 26, 2026.
Is LendingClub LevelUp Savings FDIC insured?
Yes. Deposits are held directly at LendingClub Bank, N.A., Member FDIC, insured up to $250,000 per depositor.
What are the minimums and fees?
There is no minimum deposit, no minimum balance requirement, and no monthly fee. The 4.00% rate is gated on depositing $250 or more in a month, not on balance.
Source: lendingclub.com