Exclusive high-yield savings account for our Notes investors
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.