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Savings Account from LendingClub Bank, National Association with 4.20% APY and $0 minimum deposit

Sophomoric as hell. I opened a LevelUp account for the 4.40% rate (now 4.20%). Rate requires automatic $250 deposit each month which I made, but I now realized that I never got that rate. Customer service operates from bedrooms and farms around the world and doesn't understand that they aren't providing the advertised rate if conditions are met. I am not giving up on this, but most will. Hard pass on all things LendingClub.

I was shopping for deposit rates in August, and NerdWallet, a site I had previously trusted, had it on their list. I was unaware they took deposits. They are the only bank that ever duplicated a transaction on me in my iife! They overdrew me, but fortunately, Discover was very helpful, and walked me through the overdraft protection process, including temporarily removing it, so LendingClub could not take even more. Rates have not kept up, and Discover now nearly pays as much. I did receive a $100 courtesy credit from LendingClub, but honestly, I could have done without the stress! Online transfers of depoists and withdrawals have been working normally. They are slower on withdrawals than I am accustomed to, and the day to expect it to transact is listed in the email they send. I have made adjustments to the date based on the email (reset earlier).

Tables like this can mask the fact that a bank is slow to raise. LC was at 2.25% until recently when other banks were already over 3%. Now they jump up and appear like a competitive bank. They aren't. Also, a poor interface. Would avoid until they prove they can remain competitive.

I know that the bank is supposedly FDIC insured but the entire soft money lending thing upon which this business is predicated is about to go go under so look out below!

Atrocious bank interface makes me nervous so I am out + bank is no longer a rate leader. (Phone rep was very pleasant and helpful but she could not fix the interface)