LendingClub Investment is an online credit marketplace that offers multiple account options for investors. It has individual accounts, retirement accounts, trust accounts, and more. In this article, we cover LendingClub Investment reviews and pricing. Ready to get started? Visit its website.
LendingClub Investment Pricing
LendingClub Investment pricing has two account options: Standard Individual and Retirement accounts. Fees and investor’s returns vary based on many factors, but according to its website, the historical returns range from 3-8% per year.
Investors are paid monthly on their corresponding Notes (assets that correspond to fractions of loans, in amounts as low as $25), minus the impact of borrower defaults and LendingClub fees.
In order to start investing, there’s a need to link a bank account and transfer as little as $1,000 to a LendingClub investment account by ACH, wire, or check. Investment earnings can be withdrawn anytime.
Ready to get started with LendingClub Investment? Visit its website.
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Summary of LendingClub Investment Reviews
As of the date this article was written (May 30, 2019), there are no user reviews of LendingClub Investment online. If you are a past or current LendingClub Investment customer, leave a review to help other business owners who are deciding whether or not to use the company.
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LendingClub Investment Features
Check out the list below of some of LendingClub Investment’s features or offerings:
- Traditional individual retirement account (IRA)
- Roth IRA
- 401(k) rollover
- Joint account
- Corporate account
- Trust account
- Custodial/minor account
- And more
LendingClub Investment FAQs
Does LendingClub provide retirement or investment advice?
No. The company doesn’t provide investment advice. Investors should consult with a retirement or investment adviser before making an investment.
Are LendingClub Notes Federal Deposit Insurance Corporation (FDIC) insured?
No. LendingClub Notes (other people’s debts or loans from LendingClub) are not guaranteed or insured, and investors may lose some or all of the principal invested.
LendingClub Investment Alternatives
Have you read these LendingClub Investment reviews and are still not sure if it’s the right fit for you? Read our reviews of all top retirement account providers or check out one of these three LendingClub Investment competitors.