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Investors - LC / Higher Interest Rates

« on: June 29, 2018, 05:45:45 PM »

Just got a new e-mail from LC.  This is a bit of good news for those of us who are still investing:

Higher interest rates for investors.
Hi Storm,
As you know, our goal at LendingClub is to provide value to both sides of our marketplace—access to attractive rates for borrowers, and an opportunity for competitive returns for investors.
To maintain marketplace balance, we adapt and recalibrate often based on a changing macro environment, competitive insights, supply and demand dynamics, credit performance, investor feedback and more.
In response to the changing interest rate environment and feedback from investors like you, interest rates are increasing for LendingClub grades A-E effective today, June 29, 2018, by a weighted average of approximately 50 basis points for each grade. Please see the new interest rates below and click here for additional details by subgrade.
Interest rates on the LendingClub platform are influenced by a variety of factors, including the supply and demand for credit, the competitive landscape, investor feedback, and the macroeconomic environment.
The decision to raise rates is in line with the overall interest rate environment shifting from historic lows. The Federal Reserve has increased rates 1.50% over the past two years, including a recent increase of 25 basis points on June 13, 2018. As of its June increase, the Federal Funds rate target is 1.75% to 2%—its highest level in a decade. Two additional interest rate hikes are expected this year.
As another sign of the changing interest rate ecosystem, interest rates on 10-Year Treasury Notes have increased 35% over the past 12 months. In response to and in anticipation of higher rates, our investors are looking for higher interest rates from all fixed income assets.
We will continue to monitor the interest rate environment to determine whether future increases are necessary. You can also see here for more on the factors that influence interest rates on the LendingClub platform overall.
These interest rate changes will not impact the interest rates of the LendingClub Notes you already own. However, you may want to consider these rate changes when making future investment decisions. You can easily update your investment criteria within your account.
As always, please feel free to reach out to us at investing@lendingclub.com with any questions.
Best regards,
The LendingClub Team

2

Investors - LC / Back Testing

« on: February 26, 2017, 01:19:03 AM »

I thought it might be time to fine tune my filters to control the bleeding in my account, but NSR wants me to invest my money for me in order to filter by more than 3 criteria.  I'm quite happy with my current setup, thank you.  Are there any other free/cheap tools short of crunching the numbers myself?

3

Investors - LC / IRA Minimum

« on: April 27, 2012, 01:13:30 AM »

I am almost ready to open an IRA account with Lending Club.  According to the Lending Club website, "To qualify for a no-fee IRA you must have an initial minimum balance of $5,000 or more in Lending Club Notes and maintain this invested balance for the first 12 months."  Surely, LC doesn't expect me to invest all $5,000 the first day.  I notice on Prosper, it explicitly says you have 2 months to invest your $5k.  I'm wondering if I can take my time investing in my preferred loans or if there is a similar deadline for LC that I have overlooked.  Thanks.