3 Reasons to Open a LendingClub Savings Account Before the Fed Changes Rates
LendingClub is promoting its LevelUp Savings account, highlighting three key reasons to open one before potential Federal Reserve rate changes. The account offers easy access with a free debit card and ATM access, FDIC insurance for deposits up to $250,000, and a competitive APY of 4.20%. It encourages savings without fees or restrictions, making it an attractive option for those looking to maximize their savings while rates are still favorable.
3. Easy access when you need it, plus FDIC insurance
Every LendingClub LevelUp Savings account comes with a free debit card and full ATM access, making it just as convenient as a checking account if you need cash ASAP.
You can withdraw cash fee-free at thousands of SUM and MoneyPass ATMs nationwide. And if you happen to use an out-of-network ATM, LendingClub will rebate the fee -- unlimited times.
There's also an in-app locator tool that helps you find the closest ATM in seconds.
And of course, your deposits are FDIC insured up to $250,000, so your savings balance is protected while it grows.
Open an account before rates fall further
If you're sitting on cash in a low-yield bank account, you may as well earn the highest APY you can. Especially while 4.20% rates are still available.
And if you're trying to build up savings, having a set-it-and-forget-it system that quietly encourages you to save more is a good start.
There's zero downside here. LendingClub has no fees, doesn't lock up your money, and takes just a few minutes to set up.
See our full LendingClub LevelUp Savings account review, and learn how to earn 4.20% APY with $250+ in monthly deposits today.
