LendingClub
For information concerning Radius Bank online bank, please click here.
LendingClub is an FDIC insured institution headquartered at
2701 N Thanksgiving Way, Lehi, UT 84043.
It was founded in
1987 and has approximately $8 billion in
assets. Customers can open an account at one of its 3 branches.
Deposit Rates - November 28, 2023
SAVINGS RATES | APY | MIN | |
---|---|---|---|
SAV
|
4.50% | $0 | Compare |
CD RATES | APY | MIN | |
---|---|---|---|
3 Mo CD
|
1.00% | $1,000 | Compare |
6 Mo CD
|
5.30% | $2,500 | Compare |
9 Mo CD
|
0.10% | $1,000 | Compare |
12 Mo CD
|
5.45% | $2,500 | Compare |
18 Mo CD
|
5.00% | $2,500 | Compare |
24 Mo CD
|
4.50% | $2,500 | Compare |
36 Mo CD
|
4.30% | $2,500 | Compare |
48 Mo CD
|
0.10% | $500 | Compare |
60 Mo CD
|
4.00% | $2,500 | Compare |
INT CHECKING RATES | APY | MIN |
---|---|---|
INTCK
|
0.15% | $100,000 |
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Featured 30-Year Fixed Mortgage Rates
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Overview 2023
General Bank Information
FDIC Insured | Yes |
FDIC Certificate | # 32551 |
Date Established | 1987 |
Assets | $ 8.05 billion |
Loans | $ 5.82 billion |
Deposits | $ 6.90 billion |
Capital | $ 985.07 million |
Summary Balance Sheet as of June 30, 2023
ASSETS | |
Cash & Balances due from depository institutions | $ 1,176.56 million |
Interest-bearing balances | $ 1,166.61 million |
Total securities | $ 515.47 million |
Federal funds sold and reverse repurchase | N.A. |
Net loans and leases | $ 5.82 billion |
Loan loss allowance | $ 355.16 million |
Trading account assets | N.A. |
Bank premises and fixed assets | N.A. |
Other real estate owned | N.A. |
Goodwill and other intangibles | $ 108.86 million |
All other assets | $ 285.83 million |
Total Assets | $ 7.06 billion |
LIABILITIES | |
Total deposits | $ 6.90 billion |
Interest-bearing deposits | $ 6.65 billion |
Deposits held in domestic offices | $ 6.90 billion |
% insured (estimated) | 85.24% |
Federal funds purchased and repurchase agreements | N.A. |
Trading liabilities | N.A. |
Other borrowed funds | $ 123.44 million |
Subordinated debt | N.A. |
All other liabilities | $ 187.09 millionn |
Total Liabilities | $ 7.06 billion |
Shareholders’ Equity | $ 985.07 million |
Summary Income Statement as of June 30, 2023
INCOME AND EXPENSES | |
Total Interest Income | $ 408.85 million |
Total Interest Expense | $ 120.44 million |
Net interest income | $ 288.41 million |
Provision for loan and lease losses | $ 137.20 million |
Total non interest income | $ 175.59 million |
Total non interest expense | $ 290.95 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%0.42x (National Avg. - 2.39%)$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 - 2ONLINE CDOnline Bank-$50,00060 Month4.00%4.58x (National Avg. - 0.87%)$2,500-SCENARIO
Year Rate
4.00%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,000 1,400 2 52,000 2,080 1,456 3 54,080 2,163 1,514 4 56,243 2,250 1,575 5 58,493 2,340 1,638 6 60,833 2,433 1,703 7 63,266 2,531 1,771 8 65,797 2,632 1,842 9 68,428 2,737 1,916 10 71,166 2,847 1,993 11 74,012 2,960 2,072 12 76,973 3,079 2,155 13 80,052 3,202 2,241 14 83,254 3,330 2,331 15 86,584 3,463 2,424 16 90,047 3,602 2,521 17 93,649 3,746 2,622 18 97,395 3,896 2,727 19 101,291 4,052 2,836 20 105,342 4,214 2,950 TOTAL $59,556 $41,689 - 3ONLINE CDOnline Bank-$50,00024 Month4.40%7.21x (National Avg. - 0.61%)$2,500-SCENARIO
Year Rate
4.40%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,200 1,540 2 52,200 2,297 1,608 3 54,497 2,398 1,679 4 56,895 2,503 1,752 5 59,398 2,614 1,829 6 62,012 2,729 1,910 7 64,740 2,849 1,994 8 67,589 2,974 2,082 9 70,563 3,105 2,173 10 73,667 3,241 2,269 11 76,909 3,384 2,369 12 80,293 3,533 2,473 13 83,825 3,688 2,582 14 87,514 3,851 2,695 15 91,364 4,020 2,814 16 95,384 4,197 2,938 17 99,581 4,382 3,067 18 103,963 4,574 3,202 19 108,537 4,776 3,343 20 113,313 4,986 3,490 TOTAL $68,299 $47,809 - 4ONLINE CDOnline Bank-$50,00012 Month5.20%10.44x (National Avg. - 0.50%)$2,500-SCENARIO
Year Rate
5.20%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,600 1,820 2 52,600 2,735 1,915 3 55,335 2,877 2,014 4 58,213 3,027 2,119 5 61,240 3,184 2,229 6 64,424 3,350 2,345 7 67,774 3,524 2,467 8 71,298 3,708 2,595 9 75,006 3,900 2,730 10 78,906 4,103 2,872 11 83,009 4,316 3,022 12 87,326 4,541 3,179 13 91,867 4,777 3,344 14 96,644 5,025 3,518 15 101,669 5,287 3,701 16 106,956 5,562 3,893 17 112,518 5,851 4,096 18 118,369 6,155 4,309 19 124,524 6,475 4,533 20 130,999 6,812 4,768 TOTAL $87,811 $61,468 - 5ONLINE CDOnline Bank-$50,0009 Month5.30%N.A.$2,500-SCENARIO
Year Rate
5.30%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,650 1,855 2 52,650 2,790 1,953 3 55,440 2,938 2,057 4 58,379 3,094 2,166 5 61,473 3,258 2,281 6 64,731 3,431 2,402 7 68,162 3,613 2,529 8 71,774 3,804 2,663 9 75,578 4,006 2,804 10 79,584 4,218 2,953 11 83,802 4,441 3,109 12 88,243 4,677 3,274 13 92,920 4,925 3,447 14 97,845 5,186 3,630 15 103,031 5,461 3,822 16 108,491 5,750 4,025 17 114,242 6,055 4,238 18 120,296 6,376 4,463 19 126,672 6,714 4,700 20 133,386 7,069 4,949 TOTAL $90,455 $63,319 - 6LOCAL CDBank-$50,0007 Month5.40%N.A.$5,000-SCENARIO
Year Rate
5.40%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,700 1,890 2 52,700 2,846 1,992 3 55,546 2,999 2,100 4 58,545 3,161 2,213 5 61,707 3,332 2,333 6 65,039 3,512 2,458 7 68,551 3,702 2,591 8 72,253 3,902 2,731 9 76,154 4,112 2,879 10 80,267 4,334 3,034 11 84,601 4,568 3,198 12 89,170 4,815 3,371 13 93,985 5,075 3,553 14 99,060 5,349 3,744 15 104,409 5,638 3,947 16 110,047 5,943 4,160 17 115,990 6,263 4,384 18 122,253 6,602 4,621 19 128,855 6,958 4,871 20 135,813 7,334 5,134 TOTAL $93,147 $65,203 - 7LOCAL CDBank-$50,00012 Month5.50%11.04x (National Avg. - 0.50%)$5,000-SCENARIO
Year Rate
5.50%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,750 1,925 2 52,750 2,901 2,031 3 55,651 3,061 2,143 4 58,712 3,229 2,260 5 61,941 3,407 2,385 6 65,348 3,594 2,516 7 68,942 3,792 2,654 8 72,734 4,000 2,800 9 76,734 4,220 2,954 10 80,955 4,453 3,117 11 85,407 4,697 3,288 12 90,105 4,956 3,469 13 95,060 5,228 3,660 14 100,289 5,516 3,861 15 105,805 5,819 4,073 16 111,624 6,139 4,298 17 117,763 6,477 4,534 18 124,240 6,833 4,783 19 131,073 7,209 5,046 20 138,282 7,606 5,324 TOTAL $95,888 $67,122 - 8LOCAL CDBank-$50,00012 Month5.75%11.55x (National Avg. - 0.50%)$1,000-SCENARIO
Year Rate
5.75%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,875 2,013 2 52,875 3,040 2,128 3 55,915 3,215 2,251 4 59,130 3,400 2,380 5 62,530 3,596 2,517 6 66,126 3,802 2,662 7 69,928 4,021 2,815 8 73,949 4,252 2,976 9 78,201 4,497 3,148 10 82,698 4,755 3,329 11 87,453 5,029 3,520 12 92,481 5,318 3,722 13 97,799 5,623 3,936 14 103,422 5,947 4,163 15 109,369 6,289 4,402 16 115,658 6,650 4,655 17 122,308 7,033 4,923 18 129,341 7,437 5,206 19 136,778 7,865 5,505 20 144,643 8,317 5,822 TOTAL $102,960 $72,072
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.