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What is the minimum amount required to open a savings account?

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LevelUp Savings

There’s no minimum balance requirement to open your savings account or to keep it open. However, if your account remains inactive for 3 months (meaning there are no transactions that you initiate) and, during that time, your account also falls to a zero balance and remains there, LendingClub Bank reserves the right to either keep the account open or close the account without further notice. See the LevelUp Savings Terms & Conditions for additional details.

Certificate of Deposit

To complete the account opening process, a minimum deposit of only $500 for CDs is required.

LendingClub Resources

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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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