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How can I open a savings account?

LevelUp Savings

You can apply online for a savings account by heading to our Personal Banking page. From there, select the product you’d like to apply for  and click “Learn More.” After going to the product page, click “Apply Online” to start the application process. Then, enter your personal information, verify your information, review and agree to disclosures, and fund your account. You will receive confirmation at the end of the application if your account has been approved. If not, you will receive an email notification.

Founder Savings

If you are a LendingClub Notes investor, simply log into your Notes account here and look for the link to apply on your account summary page. Please note that the Founder Savings account and rates are only available to LendingClub Notes investors. Our High-Yield Savings account offers competitive rates to our general customers.


Certificate of Deposit

You can apply online for a CD account by heading to our Personal Banking page. From there, select the product you’d like to apply for and click “Learn More.” After going to the product page, click “Apply Online” to start the application process. Then, enter your personal information, verify your information, review and agree to disclosures, and fund your account. You will receive confirmation at the end of the application if your account has been approved. If not, you will receive an email notification.

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If requested during account opening, your debit/ATM card should arrive within 7-10 business days after your application is approved.
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When will my funds be available to use after I open my savings account?
Your initial deposit for opening your account will be held for 5 days in order to validate your account.
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Do you do a credit check?
LendingClub does not pull credit as part of our account opening process. However, we do obtain information from a credit bureau used to validate your personal information. The request for information does not affect your credit score.
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{noun} The total annual cost to borrow money, including fees, expressed as a percentage.
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{noun} The amount of unpaid interest that has accumulated as of a specific date, either on a loan or an interest-bearing account or investment. 
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A debt that is written off as a loss because the financial institution or creditor believes it is no longer collectible due to a substantial period of nonpayment.
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{noun} An interest rate that remains the same for a set time, usually for the life of the loan.
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Unless otherwise specified, all credit and deposit products are provided by LendingClub Bank, N.A., Member FDIC, Equal Housing Lender (“LendingClub Bank”), a wholly-owned subsidiary of LendingClub Corporation, NMLS ID 167439. Credit products are subject to credit approval and may be subject to sufficient investor commitment. Credit union membership may be required. Deposit accounts are subject to approval. Deposit products are FDIC-insured up to $250,000 per depositor, per ownership category.

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