LendingClub
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LendingClub is an FDIC insured institution headquartered at
2701 N Thanksgiving Way, Lehi, UT 84043.
It was founded in
1987 and has approximately $6 billion in
assets. Customers can open an account at one of its 3 branches.
Deposit Rates - March 23, 2023
SAVINGS RATES | APY | MIN | |
---|---|---|---|
SAV
|
4.25% | $0 | Compare |
CD RATES | APY | MIN | |
---|---|---|---|
3 Mo CD
|
1.00% | $1,000 | Compare |
6 Mo CD
|
0.10% | $1,000 | Compare |
9 Mo CD
|
0.10% | $1,000 | Compare |
12 Mo CD
|
4.00% | $2,500 | Compare |
18 Mo CD
|
4.00% | $500 | Compare |
24 Mo CD
|
4.05% | $500 | Compare |
36 Mo CD
|
4.10% | $500 | Compare |
48 Mo CD
|
0.10% | $500 | Compare |
60 Mo CD
|
4.10% | $500 | Compare |
INT CHECKING RATES | APY | MIN |
---|---|---|
INTCK
|
0.10% | $2,500 |
INTCK
|
0.10% | $100,000 |
Featured Home Equity Rates
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New American Funding, LLC
NMLS ID: 6606 / Updated 2023-03-22Cash-Out and Home Equity Options Available. $0 -
Intro APR: 7.240 %
After Intro:8.250 %
Intro Period: 12 months
$25,000 -
AimLoan.com NMLS#2890
NMLS ID: 2890 / Updated 2023-03-22Home Equity Loan - 15 Year Fixed Rate $0 -
HELOC approval in 5 minutes, funding in 5 days. Borrow up to $400k online. $0 -
6.740 %
$0 - Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Click here for more information on rates and product details.
Featured 30-Year Fixed Mortgage Rates
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Sponsored
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New American Funding, LLC
NMLS ID: 66066.503% $1,556 Fees & Points $4,022 Total
0.957 Pts ($2,392)
$1,629 Fees -
Northpointe Bank
NMLS ID: 4474905.807% $1,459 Fees & Points $1,552 Total
0.621 Pts ($1,552)
$0 Fees -
Eligibility.org
NMLS ID: Not lenderFees & Points Total
Pts ($0)
$0 Fees - Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Click here for more information on rates and product details.
Overview 2023
General Bank Information
FDIC Insured | Yes |
FDIC Certificate | # 32551 |
Date Established | 1987 |
Assets | $ 5.66 billion |
Loans | $ 4.59 billion |
Deposits | $ 5.19 billion |
Capital | $ 812.65 million |
Summary Balance Sheet
ASSETS | |
Cash & Balances due from depository institutions | $ 896.52 million |
Interest-bearing balances | $ 876.42 million |
Total securities | $ 338.10 million |
Federal funds sold and reverse repurchase | N.A. |
Net loans and leases | $ 4.59 billion |
Loan loss allowance | $ 303.20 million |
Trading account assets | N.A. |
Bank premises and fixed assets | N.A. |
Other real estate owned | N.A. |
Goodwill and other intangibles | $ 125.19 million |
All other assets | $ 285.83 million |
Total Assets | $ 5.49 billion |
LIABILITIES | |
Total deposits | $ 5.19 billion |
Interest-bearing deposits | $ 4.87 billion |
Deposits held in domestic offices | $ 5.19 billion |
% insured (estimated) | 64.94% |
Federal funds purchased and repurchase agreements | $ 0.17 million |
Trading liabilities | N.A. |
Other borrowed funds | $ 123.44 million |
Subordinated debt | N.A. |
All other liabilities | $ 187.09 millionn |
Total Liabilities | $ 5.49 billion |
Shareholders’ Equity | $ 176.27 million |
Summary Income Statement
INCOME AND EXPENSES | |
Total Interest Income | $ 357.12 million |
Total Interest Expense | $ 25.13 million |
Net interest income | $ 331.99 million |
Provision for loan and lease losses | $ 205.81 million |
Total non interest income | $ 574.20 million |
Total non interest expense | $ 552.81 million |
Pre-tax Net Operating Income | $ 107.41 million |
Customer Reviews for LendingClub (8)
Rated 1.38 stars out of 5 - based on 8 reviews
Branches
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LendingClub Locations
Savings Comparison
This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.
PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES
Tax Rate: 30%
All calculations are for demonstration purposes only.
- 1ONLINE CDBank-$50,0003 Month1.00%0.76x (National Avg. - 1.31%)$1,000-SCENARIO
Year Rate
1.00%Annual
InterestAnnual Interest
(After Tax)1 50,000 500 350 2 50,500 505 354 3 51,005 510 357 4 51,515 515 361 5 52,030 520 364 6 52,551 526 368 7 53,076 531 372 8 53,607 536 375 9 54,143 541 379 10 54,684 547 383 11 55,231 552 387 12 55,783 558 390 13 56,341 563 394 14 56,905 569 398 15 57,474 575 402 16 58,048 580 406 17 58,629 586 410 18 59,215 592 415 19 59,807 598 419 20 60,405 604 423 TOTAL $11,010 $7,707 - 2LOCAL CDOnline Bank-$50,00060 Month4.10%5.06x (National Avg. - 0.81%)$2,500-SCENARIO
Year Rate
4.10%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,050 1,435 2 52,050 2,134 1,494 3 54,184 2,222 1,555 4 56,406 2,313 1,619 5 58,718 2,407 1,685 6 61,126 2,506 1,754 7 63,632 2,609 1,826 8 66,241 2,716 1,901 9 68,957 2,827 1,979 10 71,784 2,943 2,060 11 74,727 3,064 2,145 12 77,791 3,189 2,233 13 80,980 3,320 2,324 14 84,300 3,456 2,419 15 87,757 3,598 2,519 16 91,355 3,746 2,622 17 95,100 3,899 2,729 18 98,999 4,059 2,841 19 103,058 4,225 2,958 20 107,284 4,399 3,079 TOTAL $61,682 $43,178 - 3LOCAL CDOnline Bank-$50,00024 Month4.30%7.76x (National Avg. - 0.55%)$2,500-SCENARIO
Year Rate
4.30%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,150 1,505 2 52,150 2,242 1,570 3 54,392 2,339 1,637 4 56,731 2,439 1,708 5 59,171 2,544 1,781 6 61,715 2,654 1,858 7 64,369 2,768 1,938 8 67,137 2,887 2,021 9 70,024 3,011 2,108 10 73,035 3,140 2,198 11 76,175 3,276 2,293 12 79,451 3,416 2,391 13 82,867 3,563 2,494 14 86,430 3,717 2,602 15 90,147 3,876 2,713 16 94,023 4,043 2,830 17 98,066 4,217 2,952 18 102,283 4,398 3,079 19 106,681 4,587 3,211 20 111,268 4,785 3,349 TOTAL $66,053 $46,237 - 4LOCAL CDOnline Bank-$50,00012 Month4.50%10.25x (National Avg. - 0.44%)$2,500-SCENARIO
Year Rate
4.50%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,250 1,575 2 52,250 2,351 1,646 3 54,601 2,457 1,720 4 57,058 2,568 1,797 5 59,626 2,683 1,878 6 62,309 2,804 1,963 7 65,113 2,930 2,051 8 68,043 3,062 2,143 9 71,105 3,200 2,240 10 74,305 3,344 2,341 11 77,648 3,494 2,446 12 81,143 3,651 2,556 13 84,794 3,816 2,671 14 88,610 3,987 2,791 15 92,597 4,167 2,917 16 96,764 4,354 3,048 17 101,119 4,550 3,185 18 105,669 4,755 3,329 19 110,424 4,969 3,478 20 115,393 5,193 3,635 TOTAL $70,586 $49,410
JeromeK
September 18, 2022 |
Let's see. A bank with a name like "LendingClub" that is focused on predatory straight cash lending in an economy that has gone from flush with cash to a deep recession (depression?) and that has a website that is not fully flushed out and looks like it is basically an afterthought. What could go wrong?
LarryH
July 27, 2022 |
They can move the rate wherever they want to move it and I am not going to move my money back to these Bitcoin bros.
DR Durosher
July 25, 2022 |
A real shit organization. Closed the account as soon as I was credited interest. People on the phone desperately tried to be helpful and I felt sorry for them (same experience as when I call the airlines these days).
Nerd
May 14, 2022 |
Nerdwallet ranked this thing a "best online experience". They must have paid for the rating. It is the worst.
Absolute
March 1, 2022 |
Not for the faint hearted. I threw a lot of money into this one and then logged in a few months later and was asked to make an initial deposit.
Elaria
February 8, 2022 |
I couldn't get the account open. After multiple calls, the problem was fixed. Then it was opened and after five days they closed it and returned the money to me. I think I deposited too much (6 figures). in any event, I am happy to be done with them. Save yourself and the nice lady who answered the phone there some time and avoid this.
ASoc69
November 17, 2021 |
Had some fits and starts getting the account opened and getting online access which may have been due to the fact that I had been a Radius Bank customer. Mariah was super helpful by phone (she may in fact be the only person working the phone). No other complaints or concerns so far.
J Deroshear 1954
November 12, 2021 |
A .60% rate is attractive right now, but I am going to be wait to put my hard earned deposit dollars with a bank that doesn't call itself Lending Club and wasn't invented around the (now-failed) peer-to-peer lending concept.