IRA funds must be transferred to your IRA custodian. This enables you to keep your account’s tax-advantaged status. Sign in to your Member Center and navigate to the Transfer page to make the cash transfer to your IRA Custodian.
What steps should I take if I have an IRA account?
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Related FAQ's
LendingClub offers IRAs by partnering with custodians. As of January 11, 2018, LendingClub's preferred IRA custodian is IRA Services Trust Company (ISTC).
A focus on how to add and withdraw your money from your IRA.
Your annual percentage rate (APR) is the overall yearly cost of your loan, including fees and interest. The APR on LendingClub Bank loans ranges from 7.04% to 35.99%.
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Related Glossary
{noun} A type of credit that allows the borrower to make charges and payments against a set borrowing limit, paying interest only on outstanding balances.
{noun} The amount of unpaid interest that has accumulated as of a specific date, either on a loan or an interest-bearing account or investment.
{noun} The total annual cost to borrow money, including fees, expressed as a percentage.
A debt that is written off as a loss because the financial institution or creditor believes it is no longer collectible due to a substantial period of nonpayment.
{noun} An interest rate that remains the same for a set time, usually for the life of the loan.
