Sick of Low Rates? This High-Yield Account Is Turning Heads in May 2025
KEY POINTS
- The LendingClub LevelUp Savings account is offering 4.20% APY with $250+ in monthly deposits.
- Even without the monthly deposits, users can still earn a competitive APY.
- LendingClub's highest rate is more than 11X the national average savings rate.
If you're tired of earning next to nothing on your savings, you're not alone. Per the Federal Reserve, the average savings account APY was just 0.41% as of February. That means if you had $8,000 in savings, you'd earn just $32.80 a year in interest.
Compare that to one of our favorite high-yield savings accounts, the LendingClub LevelUp Savings account, which is offering 4.20% APY with $250+ in monthly deposits. At that rate, you'd earn $352 a year on that same $8,000 -- an increase of more than $300.
Learn more about why we love LendingClub and why its high-yield savings account is worth a look.
How LendingClub LevelUp Savings works
This is one of our favorite high-yield savings accounts (HYSAs), and that's mostly due to its sky-high APY.
The LendingClub LevelUp Savings offers two different APYs:
- If you deposit at least $250 in your account each month, you'll earn the top-tier 4.20% rate. This is one of the highest APYs on the market.
- If you don't meet that requirement, you'll earn the standard APY, which is lower, but still more than 8x the national average.
On top of that, there are no monthly fees or minimum balance requirements.
Ready to get started? Open a LendingClub LevelUp Savings account today to start earning more on your money.
Is LendingClub right for you?
If you can commit to regular deposits of $250 a month -- just over $8 a day -- you could be earning 4.20% APY on your savings, just for moving your money to another bank. Your cash will be safe, insured, and flexible, making LendingClub a great place for an emergency fund or short-term savings.
We recommend setting up direct deposit with LendingClub so that all or part of your paycheck goes directly to your new account. But even if you can't commit to the $250 monthly minimum, you'll still be earning a solid rate back on your money.
Plus, you can pair your savings account with a LendingClub LevelUp Checking account -- one of the better checking accounts on the market, offering unlimited 1% cash back on all purchases.
What are you waiting for?
A LendingClub LevelUp Savings account typically takes just minutes to set up, and it can reward you with hundreds more dollars in earnings per year. The 4.20% APY is one of the best rates available in May 2025. If you're ready to stop settling for average, this account could be the one for you.
To start earning 11X the national average on your savings, open a LendingClub LevelUp Savings account today.
Our Research Expert
Ryan is a full-time Personal Finance Writer at Motley Fool Money. He’s been covering topics like credit cards and savings since 2022, focusing on helping people who are new to the world of personal finance.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Motley Fool Money does not cover all offers on the market. Motley Fool Money is 100% owned and operated by The Motley Fool. Our knowledgeable team of personal finance editors and analysts are employed by The Motley Fool and held to the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands. Terms may apply to offers listed on this page. APYs are subject to change at any time without notice.