LendingClub offers IRAs by partnering with custodians. As of January 11, 2018, LendingClub's preferred IRA custodian is IRA Services Trust Company (ISTC). LendingClub’s previous partner custodians include STRATA Trust Company.
Each custodian has different account minimums and associated fees. See below for additional fee information.
Custodian | Annual account fee* | Minimum investment amount required for LendingClub to pay your fees | Date account balances are determined |
ISTC | $40 | Maintain a balance of $5,500 invested in Notes | Last calendar day of the month preceding the account opening anniversary date |
STRATA | $100 | Maintain a balance of $5,000 invested in Notes for your first year; $10,000 balance required in subsequent years | Last calendar day prior to your account’s anniversary date |
LendingClub reserves the right to modify or discontinue this offer at any time.
* In addition to annual account fees, there may be other fees associated with activity in your account, such as if you choose to make a wire transfer. For more information about these additional IRA fees, please email retire@lendingclub.com.
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