Compound Interest Calculator
Savings Account from LendingClub with 4.20% APY and $0 minimum deposit
Use or Change These Amounts and Rates
The product Savings Account from LendingClub with 4.20% APY and $0 minimum deposit and a tax rate of 30 compounded annually, with an initial amount of $20,000, after 10 years would have grown your savings to approximately $30,179. The interest earned would be $10,179 and the tax amount on the interest earned would be approximately $3,054.
Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.
The Results for LendingClub
Savings Boost of
$6,794 over 10 years
$6,794 over 10 years
Cash Savings
$20,000
Average Interest Earned
$331
LendingClub Interest Earned
$7,125
See comparison detail table
This analysis is for demonstrative purposes only and may change should certain assumptions prove incorrect. Savings rates may change and CD rates may not be renewable for the length of the term of the analysis. The difference between the bank rate entered and the average rate may not remain constant throughout the term.
Comparison Detail Table Close X
Average Rate Scenario
| Rate: 0.23% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 47 | 33 |
| 2 | 20,047 | 47 | 33 |
| 3 | 20,094 | 47 | 33 |
| 4 | 20,141 | 47 | 33 |
| 5 | 20,188 | 47 | 33 |
| 6 | 20,235 | 47 | 33 |
| 7 | 20,282 | 47 | 33 |
| 8 | 20,330 | 48 | 33 |
| 9 | 20,377 | 48 | 33 |
| 10 | 20,425 | 48 | 33 |
| TOTAL: | $473 | $331 |
LendingClub Scenario
| Rate: 4.20% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 840 | 588 |
| 2 | 20,840 | 875 | 613 |
| 3 | 21,715 | 912 | 638 |
| 4 | 22,627 | 950 | 665 |
| 5 | 23,578 | 990 | 693 |
| 6 | 24,568 | 1,032 | 722 |
| 7 | 25,600 | 1,075 | 753 |
| 8 | 26,675 | 1,120 | 784 |
| 9 | 27,795 | 1,167 | 817 |
| 10 | 28,963 | 1,216 | 852 |
| TOTAL: | $10,179 | $7,125 |
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The accounts below offer some of the best rates in the country can be opened online, and are available nationally. As the calculator shows, changing accounts to earn a higher interest rate can really add up over time.
Recent Rate Changes
| Date | APY |
|---|---|
| September 25, 2026 | 4.20% |
| February 18, 2026 | 4.00% |
| February 18, 2026 | 3.82% |
| February 18, 2026 | 4.00% |
| February 16, 2026 | 3.82% |
| January 24, 2026 | 4.00% |
| December 15, 2025 | 3.82% |
| December 12, 2025 | 4.00% |
| November 24, 2025 | 3.82% |
| November 13, 2025 | 3.75% |
| July 15, 2025 | 4.20% |
| April 1, 2025 | 4.40% |
| January 9, 2025 | 4.50% |
| November 26, 2024 | 4.75% |
| November 7, 2024 | 5.00% |
| October 21, 2024 | 5.15% |
| September 25, 2024 | 5.30% |
| September 14, 2024 | 4.80% |
| January 25, 2024 | 5.00% |
| January 25, 2024 | 5.05% |
| November 29, 2023 | 4.65% |
| August 20, 2023 | 4.50% |
Featured CD Rates
Advertiser Disclosure| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.50% | $100,000 |
Learn More on the North American Savings Bank, F.S.B. website |
|
|
Take your savings to the next level with our 12-month online CD special! 12-Month |
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|
|
4.65% |
$1,000 |
Learn More | |
|
Last change: ↑0.35% on September 25. |
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|
|
4.50% |
$500 |
Learn More | |
|
Last change: ↑0.45% on April 27. |
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|
|
4.50% |
$500 |
Learn More | |
|
Last change: ↑0.43% on April 27. |
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|
|
4.50% |
$2,500 |
Learn More | |
|
Last change: ↑0.10% on September 25. |
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Customer Reviews for LendingClub (23)
1.6 out of 5 based on 14 ratings
jaydub
August 18, 2025 |
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.
Is this review helpful? Yes:0 / No: 0
overdrawn
November 12, 2022 |
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).
Is this review helpful? Yes:0 / No: 0
ScreamingJim
October 26, 2022 |
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.
Is this review helpful? Yes:1 / No: 0
awalts07
September 23, 2022 |
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!
Is this review helpful? Yes:0 / No: 0
TedR1968
September 17, 2022
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)
Is this review helpful? Yes:0 / No: 0
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