Personal Banking

Trust Accounts

Get peace of mind and plan for the future with a Trust Account

LendingClub offers deposit accounts that can be opened by a Trustee for a Trust if allowed by the Trust Agreement

Getting Started

Establish a Formal Trust

Work with a financial professional or estate attorney to establish the details of your trust

Gather Your Documents

We will need a copy of the title, signature, and notary pages of your trust document as well as a bank trust application

Open or Convert a Deposit Account

Select a high-yield savings account, checking account, or CD

Tax ID/SSN

Depending on the type of Trust, we will either require a Tax ID or SSN

Account Options

High-Yield Savings Account

Earn one of the nation’s best rates¹

Rewards Checking Account

Free high-interest checking account with cash back and unlimited ATM fee rebates^2 3

CD

Competitive Certificate of Deposit Rates

We make it easy to open an account for your Trust!

LendingClub can help give you peace of mind and plan your future with deposit accounts for Trusts. When you open an account, you’ll have an expert team to guide you through the process.

Digital banking, made human.

At LendingClub, we put our customers at the center of everything we do. That’s why we focus on providing products and services that are not only convenient but help to make life easier.

Security

We use 256-bit encryption to ensure that data is protected with the highest level of security.

FDIC Insurance

Your deposits are FDIC-insured up to the highest possible amount allowed – $250,000 per depositor for each ownership category.

Customer Support

Have a question? We’re here to help. Chat with us online, or reach us by phone or email.

1. High-Yield Savings is a free savings account with no monthly maintenance fee, no minimum balance requirement after $100.00 to open the account, and is FDIC-insured up to the maximum allowed. Annual Percentage Yield (APY) accurate as of 05/23/2022. Minimum amount to open account is $100.00. Rate tiers are as follows: 0.00% applies to balances of $0.01-$9.99; 0.05% applies to the entire balance on balances of $10.00-$2,499.99; 0.70% applies to the entire balance on balances of $2,500.00-$24,999.99 and 0.70% applies to the entire balance on balances of $25,000.00 or more. Rates are variable and may change at any time after the account is opened. Fees may reduce earnings. Interest rates are subject to change without notice and will be determined at the discretion of the Bank.
2. Annual Percentage Yield (APY) accurate as of 05/23/2022. Minimum amount to open account is $25.00. Rate tiers are as follows: 0.00% APY applies to balances of $0.01–$2,499.99, 0.10% APY applies to the entire balance on balances of $2,500.00–$99,999.99, and 0.15% APY applies to the entire balance of $100,000.00 or more. Rates may change after account is opened. Fees may reduce earnings.
3. Get unlimited automatic ATM surcharge rebates for ATM fees other banks charge you. ATM surcharge rebates apply to cash withdrawals from a Rewards Checking account using the LendingClub Bank issued Debit Card wherever it is accepted. LendingClub Bank N. A. does not charge a fee for using another bank’s ATM. ATM fees will be rebated at the end of each statement cycle. Excludes international exchange fees. LendingClub Bank N. A. makes its best effort to identify those ATM fees eligible for rebate. In the event that you have not received a rebate for a fee you believe is eligible, please contact Customer Service at 800.242.0272. LendingClub Bank N. A. reserves the right to modify or discontinue the ATM surcharge rebate program at any time. Out-of-network ATM fees cost $2.50 on average — source: CNBC as of 01/26/2022. If someone were to use an out-of-network ATM 6 times per month at an average fee of $2.50 per withdrawal, they would spend $180 in ATM fees in 12 months.