Individual Retirement Accounts
* Assumes Traditional IRA with monthly reinvestment of capital, a nominal investment rate of 9.5% per year on investments and a tax rate of 28% on returns.
** Lending Club’s preferred IRA custodian is SDIRA Services, a subsidiary of Horizon Bank. To qualify for a No-Fee IRA through SDIRA Services you must have an initial minimum balance of $5,000 or more in Lending Club Notes and maintain this minimum invested balance for the first 12 months. To continue to qualify for the No-Fee IRA after the first year, you must maintain an invested balance of $10,000 or more in Lending Club Notes. All account balances are determined as of the last business day immediately prior to the anniversary date of the opening of your account. An annual fee of $100 applies to accounts that don’t meet these requirements. Lending Club reserves the right to modify or discontinue this offer at any time. See the SDIRA Services IRA Fee Schedule for a description of the Basic IRA asset type limitations on your Lending Club Self-Directed IRA Account.
Lending Club Notes are offered by prospectus filed with the SEC. Please consider the risks of investing.
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