Enjoy the tax advantages of a self-directed** Traditional or Roth IRA that allows you to invest in Lending Club Notes. A single $100,000 investment can grow to more than $1.5 million dollars over 30 years.*
Lending Club Notes can provide solid returns, lower volatility, as well as monthly cash flow. You can create a well-diversified portfolio of Notes that fit your investment objectives by selecting from our risk-adjusted Note Grades A through G and spreading your investment equally across hundreds or even thousands of Notes.
Lending Club Notes purchased through a tax-advantaged individual retirement account must be held through maturity, either 36 or 60 months depending on the Notes you choose. Please consider this when making your investment decision.
We’ll Pay Your Annual Account Fee**
Combine the benefits of Lending Club’s solid returns with the tax advantages of an Individual Retirement Account by opening a Lending Club self-directed IRA.
Self-directed IRAs are offered in partnership with our custodian Self Directed IRA Services, Inc. Self Directed IRA Services, Inc. charges an annual account fee of $100 for administering the Lending Club self-directed IRA, but we’ll pay the annual account fee on your behalf if you meet our minimum eligibility requirements**.
401(k) Rollovers and IRA Transfers
It’s easy to rollover your 401(k) or transfer funds from your current IRA. There’s no fee for opening or maintaining your account.**
Retirement Account Types
You can open a Traditional IRA, Roth IRA, SEP IRA, or Simple IRA through Lending Club with our custodian Self Directed IRA Services, Inc.**
Liquidity and Residency Requirements
The secondary market operated by FolioFN is not currently available to retirement accounts. Notes purchased in retirement accounts will need to be held through maturity, either 36 or 60 months depending on term. Investors can accumulate cash by not reinvesting the monthly borrower payments.
Currently only residents of the following states can hold an Individual Retirement Account at Lending Club: California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Kentucky, Louisiana, Minnesota, Missouri, Mississippi, Montana, New Hampshire, Nevada, New York, Rhode Island, South Dakota, Utah, Virginia, Washington, Wisconsin, West Virginia, and Wyoming.
* Assumes Traditional IRA with monthly reinvestment of capital, a rate of return of 9.5% per year on investments and a tax rate of 28% on returns.
** Lending Club’s preferred IRA custodian is Self Directed IRA Services, Inc., a subsidiary of Horizon Bank. Self Directed IRA Services, Inc. charges an annual account fee of $100 at account opening and then annually on the anniversary of account opening.
Lending Club will pay the $100 annual account fee at account opening on your behalf if you have an initial minimum balance of $5,000 or more that you invest in Lending Club Notes and maintain this minimum invested balance for the first 12 months. For subsequent years, Lending Club will pay the annual account fee of $100 annually on the anniversary of account opening on your behalf if you maintain an invested balance of $10,000 or more in Lending Club Notes after the first year.
All account balances are determined as of the last business day immediately prior to the anniversary date of the opening of your account. An annual account fee of $100 applies to accounts that don’t meet these requirements. Lending Club reserves the right to modify or discontinue this offer at any time. See the Self Directed IRA Services, Inc.
IRA Fee Schedule.
Lending Club Notes are offered by prospectus filed with the SEC. Please consider the risks of investing.