Savings account rateshave been hot since early 2022.
But you’ve got the option to stillfind high-yield savings accountswith annual percentage yields over 5%.
And right now LendingClub has the highest interest rate we’ve seen.
You get the LevelUp rate for the first two months your account is open.
After that, your account is evaluated each month.
Earnings are based on APYs and assume interest is compounded monthly.
How much can you earn in one year with LendingClub’s savings account?
Say you open up a LevelUp Savings account at LendingClub and initially deposit $250.
Your balance after one year will be $3,337.50 (with monthly deposits of $250).
If you opt to earn the lower yield, your account balance after one year will be $262.27.
Pro tip:You’ll earn more if youset your savings on autopilot.
All you have to do is find a figure that works well for you and letcompound interestdo the rest.
We’ve also included earnings if you deposit $250 and then contribute an extra $250 a month.
How much could you earn in one year?
Here’s what you should look out for:
