LendingClub Resources
Related Resource Center
5 Ways to Make Sure you Stick to Your Budget
Sticking to a budget can be challenging, but having a clear goal and rewards can help you stay on track.
Personal Finance
Jun 27, 2024
4 min read
CD Early Withdrawal Penalty: What You Need to Know
What happens when you take money out of a CD before the maturity date? Here's everything you need to know, including how CD early withdrawal penalties are calculated, how to avoid these fees, and when incurring them might be a good idea.
Personal Savings
Jun 26, 2024
6 min read
Savings accounts are considered a low-risk and highly liquid place to hold cash—and typically provide avery lowannual return. Recently, high-yield savings accounts are proving to be the exception.
Personal Savings
Jun 26, 2024
5 min read
APR vs. APY: What’s the Difference?
The terms annual percentage rate (APR) and annual percentage yield (APY) may sound the same, but they’re quite different. While APR is generally used to determine the cost of borrowing (for example, on a loan or credit card), APY is used to calculate how much you earn when saving or investing money. Understanding how APR and APY are used and calculated can help you make better financial decisions, particularly when you’re comparing loans, credit cards, savings, and investment products.
Personal Loan
Jun 26, 2024
4 min read
When you apply for a loan or credit card, many lenders may use the 5 Cs of credit—character, capacity, collateral, capital, and conditions—to determine your eligibility and the terms of your financing agreement. The 5 Cs of credit are measures of how you handle your current credit obligations and your ability to repay a loan. Understanding how each of these factors impacts a lender’s decision-making can potentially increase your odds of getting approved and scoring more favorable rates and terms.
Personal Loan
Jun 26, 2024
6 min read
Related Impact
Members Earn More Cash Back and Rewards With Stackit
From groceries and diapers to Halloween costumes for pets, nearly 60% of American consumers prefer to shop online for everyday items that make life more convenient, comfortable, and enjoyable. And with rising prices showing no signs of stopping anytime soon, we’re pleased to introduce StackitTM from LendingClub Bank—a new browser extension that automatically finds and rewards eligible members with coupons and cash back for extra savings at more than 15,000 favorite online retailers.
Company News
Nov 13, 2022
2 min read
LendingClub Rewards Checking Nationally Certified as Trusted, Affordable
Even in today’s low-yield, high-inflation environment, it’s essential to keep a certain amount of money in an easy-to-access checking or savings account for things like daily household and emergency expenses, or to meet short-term financial goals.
Company News
Oct 2, 2022
5 min read
LendingClub Surpasses 4 Million Members
Since 2007, LendingClub has been on a mission to deliver a world-class experience to all our members. This month we took a moment to reflect on the more than four millionmembers who have chosen LendingClub as their partner to help them reach their financial goals.
Company News
Apr 19, 2022
2 min read
LendingClub Celebrates One Year as a Digital Marketplace Bank
In March 2022, we hosted our first quarterly webinar where we celebrated our one-year anniversary as a digital marketplace bank.
Company News
Mar 6, 2022
less than a minute read
Changes to Our Business Model
LendingClub completed the acquisition of Radius Bank in February 2021. At that time, in addition to the direct-to-consumerdepositbusiness, we inherited a fintech partner program,andseveral lendingbusinesses.As we reach the one-year anniversary of the acquisition, and in conjunction with the conclusion of a strategic review of our business operations, we have made the decision to discontinuecertain businesses that don’t fit our mission.
Company News
Jan 2, 2022
2 min read
Related Glossary
Revolving Credit
{noun} A type of credit that allows the borrower to make charges and payments against a set borrowing limit, paying interest only on outstanding balances.
R Letter Term
Sep 6, 2023
4 min read
Annual Percentage Rate (APR)
{noun} The total annual cost to borrow money, including fees, expressed as a percentage.
A Letter Term
Mar 21, 2023
3 min read
Accrued Interest
{noun} The amount of unpaid interest that has accumulated as of a specific date, either on a loan or an interest-bearing account or investment.
A Letter Term
Mar 21, 2023
4 min read
Charge-Off
A debt that is written off as a loss because the financial institution or creditor believes it is no longer collectible due to a substantial period of nonpayment.
C Letter Term
Feb 7, 2023
3 min read
Fixed Interest Rate
{noun} An interest rate that remains the same for a set time, usually for the life of the loan.
F Letter Term
Feb 4, 2023
3 min read
