Ally Bank vs LendingClub Bank
Head-to-head comparison of Ally Online Savings Account and LendingClub LevelUp Savings, updated daily.
LendingClub Bank currently wins on APY: 4.50% vs 3.20%
| Feature | Ally BankLive | LendingClub BankUpdated 1d ago |
|---|---|---|
| APY | 3.20% | 4.50%★ |
| Min opening deposit | $0 | $0 |
| Min balance for APY | $0 | $0 |
| Monthly fee | $0.00 | $0.00 |
| Insurance | FDIC | FDIC |
| Compounding | daily | daily |
| ATM access | Yes | Yes |
| Check writing | No | No |
| Mobile app | Yes | Yes |
| Editor rating | 4.6 / 5★ | 4.3 / 5 |
Ally Bank verdict
Ally is the best-in-class for users who want a full banking relationship rather than just a high yield. The Buckets and Boosters features for goal-based savings are genuinely useful and not gimmicks. APY is competitive but not the highest on this list — pay this small premium for the ecosystem.
Read full Ally Bank review →LendingClub Bank verdict
LendingClub LevelUp is a clever product — the bonus tier is unlocked with just $250/month in deposits, which is achievable for almost anyone. For accumulators (people building savings, not draining them), this is one of the best structures on the market.
Read full LendingClub Bank review →