Banks | LendingClub

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 $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

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

  • 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?

  • 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.

  • 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).

  • Nerdwallet ranked this thing a "best online experience". They must have paid for the rating. It is the worst.

  • 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.

  • 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.

  • 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.

  • 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.

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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.

  • 1
    ONLINE CD
    Radius Bank
    Bank
    -
    $50,000
    3 Month
    1.00%
    0.76x (National Avg. - 1.31%)
    $1,000
    -
    SCENARIO
    Year Rate
    1.00%    		 Annual
    Interest    		 Annual 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
  • 2
    LOCAL CD
    Discover Bank , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    60 Month
    4.10%
    5.06x (National Avg. - 0.81%)
    $2,500
    -
    SCENARIO
    Year Rate
    4.10%    		 Annual
    Interest    		 Annual 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
  • 3
    LOCAL CD
    Discover Bank , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    24 Month
    4.30%
    7.76x (National Avg. - 0.55%)
    $2,500
    -
    SCENARIO
    Year Rate
    4.30%    		 Annual
    Interest    		 Annual 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
  • 4
    LOCAL CD
    Discover Bank , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    12 Month
    4.50%
    10.25x (National Avg. - 0.44%)
    $2,500
    -
    SCENARIO
    Year Rate
    4.50%    		 Annual
    Interest    		 Annual 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


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