Exclusive high-yield savings account for our Notes investors

radius bank and lendingclub

Start earning interest on cash in your Notes account with Founder Savings

Now that we’ve officially become a one-of-a-kind marketplace bank, we’re excited to announce that we’ve launched our very first bank product offering, just for our Notes investors*: a market-leading high-yield savings account**.

The Founder Savings account*** offers you a market-leading 0.75% APY on your first $20,000—a full 0.25% more than the leading competitive accounts in market today**. Balances higher than $20,000 will earn:

- 0.50% APY on the portion of balances from $20,000.01 to $50,000.00
- 0.25% APY on the portion of balances greater than $50,000.00

Founder Savings will also include a new auto-save feature, which will enable investors to automatically transfer available cash from their Notes investment account to their Founder Savings account on a weekly basis.

You can also count on:


Please keep in mind that this account is meant to help you earn interest on proceeds from your LendingClub Notes. This means in most cases, only cash balances from a Notes account can be deposited into this account. This will not affect your ability to withdraw funds and is subject to change at any time.

LendingClub was founded on the idea that a community of people helping people could make a difference in the lives of our members. We are so grateful to our investors—our founding members—who have powered the platform that's enabled millions of borrowers to receive loans and improve their financial health.

All eligible Notes investors will recieve an invitation soon to apply for the Founder Savings account.

Send us an email if you have any questions about the Founder Savings account.

*Founder Savings accounts are only available to LendingClub Notes investors who have at least one Notes account that is not classified as an individual retirement account (IRA).

**Annual Percentage Yield (APY) as of February 22, 2021. APY is subject to change at any time. Earn 0.75% APY on the portion of balances from $0.01 to $20,000.00; 0.50% APY on the portion of balances from $20,000.01 to $50,000.00; and 0.25% APY on the portion of balances over $50,000.00. Rates are compared against competitor rates published by Bankrate.com as of February 1, 2021. Rates are only available to LendingClub Notes investors. Offer applies to personal accounts only and may be rescinded at any time without notice.

***Radius (now LendingClub Bank, N.A., Member FDIC), offers Founder Savings as a free savings account with no monthly maintenance fee, no minimum balance requirement, and is FDIC-insured up to $250,000 per depositor, per ownership category.

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Some of the statements above, including statements regarding the development of future product offerings are "forward-looking statements." Factors that could cause actual results to differ materially from those contemplated by these forward-looking statements those factors set forth in the section titled "Risk Factors" in our most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K, each as filed with the Securities and Exchange Commission, as well as our subsequent reports on Form 10-Q and 10-K each as filed with the Securities and Exchange Commission. We may not actually achieve the plans, intentions or expectations disclosed in forward-looking statements, and you should not place undue reliance on forward-looking statements. We do not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.