How I Earn LendingClub's Top Savings Rate Every Month -- Automatically
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When I first opened my LendingClub LevelUp Savings account, I thought I'd finally cracked the savings code. But there was one catch: To earn the highest APY, I needed at least $250 in deposits each month.
That's not a hard number to hit. The tricky part was remembering to actually do it. Some months I'd move the money right away; other months, I'd forget until the last minute and risk missing the top rate. It was one more thing to think about, one more chance to slip up.
That constant low-level worry started to take the joy out of saving.
So I made a small change that completely removed the stress -- and made sure I'd never miss LendingClub's top savings rate again.
How the $250 rule works
The LendingClub LevelUp Savings program pays 4.20% APY with $250+ in monthly deposits. If you don't hit that threshold, you'll still earn a competitive APY, but it doesn't compare to the best high-yield rates -- and over time, that difference really adds up.
How I set it and forget it -- literally
To make sure I always qualified, I scheduled a $250 recurring monthly transfer from my checking account. It runs automatically on payday -- no reminders, no stress, and no chance of missing out on LendingClub's top LevelUp rate.
That simple setup is the easiest financial win I've ever built for myself.
Why automation changed everything
The best part of automating my deposits isn't just the convenience -- it's the calm. I stopped worrying about skipping a month or transferring too late. The decision was already made.
For me, that shift changed everything. I started planning my budget around what's left in checking after I've paid myself first. And because it happens automatically, I never feel tempted to "borrow" from savings or delay it for later.
Why I chose LendingClub
Beyond the high APY, I also love that:
- There are no monthly fees or minimum balances, so you can start small and grow at your own pace.
- It's FDIC-insured through LendingClub Bank, so your savings are protected up to $250,000.
- You can link any checking account or set up direct deposit from your paycheck -- whichever keeps things most automatic.
It's a clean, simple setup that rewards you for doing what you already want to do: save more with less effort.
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LendingClub LevelUp Savings
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- Competitive APY
- No fees
- Easy ATM access
- Unlimited number of external transfers (up to daily transaction limits)
- Requires you to make monthly deposits to earn the best APY
- ACH outbound transfers limited to $10,000 per day for some accounts
- No branch access; online only
The LendingClub LevelUp Savings account has a lot to offer. At the top of the list is its high APY, though you must deposit monthly to earn the best rate. Next is zero account fees, a strong and straightforward perk. Finally, you get a free ATM card, which you can use to withdraw from thousands of ATMs nationwide. Interested? You can open an account with $0.
Why it's worth setting up today
Saving money shouldn't feel like another task on your list. With LendingClub, it takes care of itself. Once I automated that monthly transfer, I stopped thinking about my savings and started watching them grow faster.
If you want your savings to quietly earn high interest in the background, open a LendingClub LevelUp Savings account and set up at least $250 in monthly deposits. You'll get the top APY, build your balance on autopilot, and never have to worry about missing out again.
Ready to see how much more you could earn? Compare rates and learn how to set up your account in our LendingClub LevelUp Savings review.
Our Research Expert
Brooklyn Sprunger is a full-time Content Manager and Personal Finance Writer at Motley Fool Money, where she oversees product reviews and ratings while also writing about credit cards, bank accounts, investing, auto insurance, and other personal finance topics. She has worked in financial content since 2018, including more than four years at The Motley Fool. When she’s not writing or editing, Brooklyn is likely hiking and watching the Tennessee Vols.