LendingClub Review: High-yield Savings, Rewarding checking, and Broad ATM Access.

LendingClub: High-yield savings, rewarding checking, and broad ATM access.

LendingClub Review: High-yield Savings, Rewarding checking, and Broad ATM Access.

LendingClub Banking redefines online banking by offering high-yield savings, competitive CD rates, and rewards checking accounts with significant perks like ATM fee rebates and cash back on debit purchases.


  • High-Yield Savings Account: An APY of 5.00%, with just $100 needed to open an account and no monthly fees.
  • Certificates of Deposit (CDs): Offers terms from six months to five years, with APYs up to 5.15% for 1-year CDs, requiring a minimum deposit of $2,500.
  • Rewards Checking Account: Earn unlimited 1% cash back on signature-based purchases and up to 0.15% APY on balances over $100,000. Additionally, enjoy ATM fee rebates with no monthly fee and no minimum balance requirement after account opening.
  • Customer Experience: Access to deposit-taking ATMs for convenient cash deposits and comprehensive online and phone support.


  • High Savings Rate: Among the top available, it is a great choice for growing your savings.
  • Cash Back Checking: Earning cash back on everyday purchases adds value to regular banking transactions.
  • ATM Fee Rebates: Provides flexibility and savings when using ATMs, even internationally.
  • Competitive CD Rates: Offers a range of options for those looking to lock in high-interest rates for their savings.

Product Summary:

After its transformation through acquiring Radius Bank, LendingClub Bank now stands out in the online banking sector. It marries the convenience of digital banking with the benefits typically associated with traditional banks, like high-yield savings and rewarding checking accounts. The lack of monthly fees across accounts and the competitive interest rates offered on savings and CDs underscore LendingClub's commitment to providing value to its customers. Furthermore, the rebates on ATM fees and cash back on checking account purchases reflect a modern approach to banking tailored for those who prefer online and mobile banking platforms. Ideal for users looking for robust returns on their savings and rewards on their spending, LendingClub Banking offers an appealing mix of features that cater to a wide range of financial needs.

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