High Yield Savings Terms & Conditions

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Account Opening & Maintenance 

Minimum Opening Deposit 


Statement Cycle 


Monthly Maintenance Fee 


Abandoned Property 

$50.00 per account1

1An account will not be overdrawn by the Abandoned Property fee.  An abandoned account with a balance of less than $50.00 will be assessed the amount available, reducing the balance to zero.  


LendingClub Fee to Use SUM or MoneyPass ATM (“In-Network ATMs”)

Plus, no charge by ATM owner

LendingClub Fee to Use Out-of-Network ATM

However, service fees charged by out-of-network banks or ATM owners may apply

Currency Conversion Fee

.20% of the transaction amount 2

Cross Border (International) Transaction Fee

.90% of the transaction amount3

Expedited ATM / Debit Card


2This charge will be .20% of the non-U.S. dollar denominated transaction amount
3Fee is charged whenever the country of the merchant is different than the country of the cardholder, even if the transaction is initiated within the United States and/or in U.S. dollars.

The Currency Conversion Fee and Cross Border (International) Transaction Fee are charged on International Transactions. International transactions are those transactions made using your ATM or Debit Card in person, online or via telephone with a party located or who processes transactions outside of the United States, even if the transactions are initiated within the United States and/or in U.S. Dollars.


Domestic Outgoing Wire (Consumer)


International Outgoing Wire


4For the Elite tier, we will credit up to one domestic wire transfer annually and for the Reserve tier, we will credit up to two domestic wire transfers annually. A refund will be posted to your account the month after the fee is charged.


Stop Payment



If your account reaches and maintains a zero balance for a period of more than 6 months, the Bank reserves the right to either keep the account open or close the account without further notice. 


You are responsible for notifying us of any change in your name, address, or other information we use to communicate with you. We will attempt to communicate with you only by use of the most recent information you have provided to us. Account owners must have a U.S. address at all times in order to maintain a deposit account with LendingClub Bank. 

How Interest is Earned on Your Account 

Daily Balance Computation Method -- We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Your account earns interest on the entire account balance each day at the interest rate and annual percentage yield in effect for the appropriate balance tier. Accrued interest is credited to the balance in the account on the last business day of the statement cycle.  We use a monthly statement cycle.  Accrued interest that is credited to the balance in the account begins to earn interest no later than the next business day and compounds with each statement cycle. If you close your account before accrued interest, if any, is credited you will not receive the accrued interest.   

The following chart shows the annual percentage yield (“APY”) and interest rate effective as of 05/15/2024. Interest rates and the annual percentage yield are variable and are subject to change at any time at the discretion of the bank.  Rates may change prior to funding and any interest being earned.   

Balance to Earn Interest

Interest Rate


$0.00 - $24,999.99



$25,000 - $49,999.99



$50,000.00 - $99,999.99



$100,000 - $249,999.99



$250,000 or more



Transaction Limits





Accounts that maintain an end of day Relationship Balance of >$2,000 for >7 consecutive calendar days5

Accounts that maintain an end of day Relationship Balance of >$10,000 for >30 consecutive calendar days OR >$30,000 for >7 consecutive calendar days5

Accounts that maintain an end of day Relationship Balance of >$50,000 for >60 consecutive calendar days OR >$150,000 for >7 consecutive calendar days5

Incoming External Transfers (ACH) (daily limit)




Outgoing External Transfers (ACH) (daily limit)




Mobile Deposit (daily limit)




ATM Withdrawal (daily limit)




5Relationship Balance is the combined balance of your LendingClub deposit accounts. 

For additional terms governing your account, please consult the Personal Deposit Account

LendingClub Bank, N.A., Member FDIC
Rev. Date 03/2024


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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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