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.

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 has 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 12/04/2022. Rate tiers are as follows: 3.25% APY applies to balances of $0.00-$9.99; 3.25% APY applies to the entire balance on balances of $10.00-$2,499.99; 3.25% APY applies to the entire balance on balances of $2,500.00-$24,999.99 and 3.25% APY 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 without notice. Rates are determined in the sole discretion of the Bank. Fees may reduce earnings.
2. Annual Percentage Yield (APY) accurate as of 12/04/2022. 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 are variable and subject to change at any time without notice, at the sole discretion of the bank. Fees may reduce earnings.
3. LendingClub does not charge a fee to use another bank’s ATM. Plus, get unlimited ATM surcharge rebates for ATM fees charged by other banks and ATM owners. ATM rebates apply to cash withdrawals from your Rewards Checking account using your Rewards Checking debit card. International exchange and service fees not included. ATM fees are rebated at the end of each statement cycle. LendingClub makes its best effort to identify ATM fees eligible for rebate. In the event you have not received a rebate for a fee you believe is eligible, please contact Customer Service at 800.242.0272. LendingClub reserves the right to modify or disclosure the rebate program at any time.