Discover Bank vs LendingClub Bank
Head-to-head comparison of Discover Online Savings Account and LendingClub LevelUp Savings, updated daily.
LendingClub Bank currently wins on APY: 4.50% vs 4.00%
| Feature | Discover BankUpdated 1d ago | LendingClub BankUpdated 1d ago |
|---|---|---|
| APY | 4.00% | 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 | No | Yes★ |
| Check writing | No | No |
| Mobile app | Yes | Yes |
| Editor rating | 4.1 / 5 | 4.3 / 5★ |
Discover Bank verdict
Discover is solid but no longer at the top of the rate league. We still recommend it for savers who already have a Discover credit card and want everything in one place. Otherwise, SoFi or Marcus offer 40-60bps more for similar terms.
Read full Discover 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 →