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« Last post by Debt Free on March 02, 2021, 08:55:18 PM »
Here's the "fine print"...
Founder Savings accounts are only available to LendingClub Notes investors who have at least one Notes account that is not classified as an individual retirement account (IRA). For Notes investors who do not have a separate deposit account with LendingClub Bank as of February 21, 2021, only balances in your Notes account are currently eligible for deposit into the Founder Savings account, notwithstanding any account-related terms to the contrary that may otherwise apply. This means that (1) LendingClub Bank will not accept external transfers into the Founder Savings account and (2) the mobile remote deposit capture service via the Radius mobile app will be disabled. This restriction also applies to any other deposit account that you may open at LendingClub Bank after you open a Founder Savings account. This restriction does not affect your ability to withdraw funds and is subject to change at any time.
Rates are compared against competitor rates published by Bankrate.com as of February 1, 2021. Rates are only available to LendingClub Notes investors. Offer applies to personal accounts only and may be rescinded at any time without notice. No account minimum.
APY stands for Annual Percentage Yield. Earn 0.75% APY on the portion of balances from $0.01 to $20,000.00; 0.50% APY on the portion of balances from $20,000.01 to $50,000.00; and 0.25% APY on the portion of balances over $50,000.00. Rates are subject to change at any time without notice.