Only $100 is needed to open the LendingClub Bank High-Yield Savings account, making it accessible for many, and it charges no monthly account fees.
The account offers two APYs, depending on account balance. To earn the highest APY, a balance of $2,500 or more is required. Update May 16, 2022: LendingClub no longer requires a $2,500 minimum balance to earn its best yield.
A minimum $2,500 balance is needed to earn the top APY. (Note: Effective May 16, 2022, LendingClub no longer requires a $2,500 minimum balance to earn the top yield.)