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What Is the Annual Fee for My IRA?

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LendingClub offers IRAs by partnering with custodians. As of January 11, 2018, LendingClub's preferred IRA custodian is IRA Services Trust Company (ISTC). LendingClub’s previous partner custodians include STRATA Trust Company.

Each custodian has different account minimums and associated fees. See below for additional fee information.

Custodian

Annual account fee*

Minimum investment amount required for LendingClub to pay your fees

Date account balances are determined

ISTC

$40

Maintain a balance of $5,500 invested in Notes

Last calendar day of the month preceding the account opening anniversary date

STRATA

$100

Maintain a balance of $5,000 invested in Notes for your first year; $10,000 balance required in subsequent years

Last calendar day prior to your account’s anniversary date

LendingClub reserves the right to modify or discontinue this offer at any time. 


* In addition to annual account fees, there may be other fees associated with activity in your account, such as if you choose to make a wire transfer. For more information about these additional IRA fees, please email retire@lendingclub.com.

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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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