LendingClub Bank
LendingClub Bank LevelUp Savings
A 4% headline rate that you re-earn every month with a $250 deposit habit
Insurance: FDIC insured up to $250,000 through LendingClub Bank, N.A.
Features
- ▸LevelUp Rate (4.00%) applies to the entire balance when you deposit $250+ during the monthly evaluation period
- ▸Miss the deposit and the whole balance earns the 3.00% Standard Rate that cycle
- ▸Deposits can be split across multiple transfers; interest payments and refunds don't count
- ▸No minimum balance and no monthly fees
- ▸Free ATM card available on the savings account
- ▸LendingClub also offers LevelUp Checking with cash-back features
Pros
- +4.00% on unlimited balances is rate-leader territory
- +The hurdle is a deposit, not spending — automatable with one recurring transfer
- +Even the fallback 3.00% matches several big-name HYSAs
- +ATM card adds real liquidity
Cons
- −The hurdle resets every month; forgetfulness costs a full point on everything
- −Rate is evaluated per cycle, adding mental overhead versus flat-rate accounts
- −LendingClub's pivot history (P2P lending to bank) gives some savers pause
Our Take
LevelUp Savings is the best activity-gated rate in the country because the activity is trivially automatable: schedule a $250 monthly transfer and you own a 4.00% account with an ATM card. The design quietly punishes passive balances, so set the automation on day one and this jumps from gimmick to one of the strongest HYSAs available.
Best for: Savers who automate deposits and want 4% on the whole balance
Open at LendingClub Bank →Last verified 2026-06-11
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