Yes, as long as you make a qualifying $250 deposit during the Evaluation Period, you will qualify for the LevelUp Rate in the following month.
Can I transfer money out of my LevelUp Savings account during the month?
Additional Product Features FAQ
- When is the First Evaluation Period for a new LevelUp Savings Account?
- How do I earn a LevelUp Rate?
- Can I make multiple deposits in a month to meet the requirement?
- What type of deposits qualify for the LevelUp Rate?
- Do I need to make deposits prior to the First Evaluation Period?
- What is the Evaluation Period?
- Can I set up recurring deposits to ensure I always make a deposit?
- What happens if I miss the deposit requirement for a month?
- Is there a minimum amount required for a deposit?
- What is a LevelUp Savings Account?
- Is LevelUp Savings only for new members?
- What happens when my CD matures?
- How do I earn interest on my savings account?
- Can I add additional funds to my CD?
- What is a CD and how does it work?
- How does early direct deposit work?
- What is the minimum balance to keep in my savings account?
- How do I activate a new ATM/Debit card?
- Can I withdraw my money early from my CD and are there penalties?
- Will I be notified as my CD nears maturity?
- Are there any fees for my savings account?
LendingClub Resources
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Related FAQ's
The LevelUp Rate is the rate you’ll earn if you make at least $250 in cumulative deposits during the previous statement cycle.
Yes, you can make multiple deposits during the Evaluation Period to meet the minimum deposit amount of at least $250 to earn the LevelUp Rate.
There’s no minimum individual deposit requirement.
You can set up a recurring deposit through online banking or the LendingClub app.
The First Evaluation Period starts after the first two statement cycles following account opening.
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 total annual cost to borrow money, including fees, expressed as a percentage.
{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.
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.
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