A standout option right now is the LendingClub LevelUp Savings account. It currently pays 4.20% APY with $250+ in monthly deposits and even comes with a debit card linked to your savings. You can read our full LendingClub LevelUp Savings review here for all the details.
LendingClub LevelUp Savings
Member FDIC.
APY
Rate info
Circle with letter I in it.
LevelUp Rate of 4.20% APY applied to full balance with $250+ in deposits in Evaluation Period. Otherwise, accounts earn Standard Rate of 3.20% APY. LevelUp Rate applies for first two statement cycles. Rates variable & subject to change at any time. See terms: https://www.lendingclub.com/legal/deposits/levelup-savings-t-and-cs
Min. To Earn APY
$0 to open, $250 cumulative monthly deposits for max APY
- Competitive APY
- No fees
- Easy ATM access
- Unlimited number of external transfers (up to daily transaction limits)
- Requires you to make monthly deposits to earn the best APY
- ACH outbound transfers limited to $10,000 per day for some accounts
- No branch access; online only
The LendingClub LevelUp Savings account has a lot to offer. At the top of the list is its high APY, though you must deposit monthly to earn the best rate. Next is zero account fees, a strong and straightforward perk. Finally, you get a free ATM card, which you can use to withdraw from thousands of ATMs nationwide. Interested? You can open an account with $0.
Why I park my $25K in an HYSA
I keep about $25,000 in emergency funds and short-term savings. This is the cash I’d tap if my car breaks down, a medical bill pops up, or I want to book a family trip. I need it safe, liquid, and ready to go.
That’s exactly what an HYSA is built for. It’s federally insured (FDIC insurance up to $250,000), so my money is protected even if the bank itself fails. At the same time, it’s still earning me hundreds each year in interest.
Another thing I love: my HYSA doesn’t nickel-and-dime me. I pay no monthly fees, there’s no minimum balance requirements, and no hidden charges. It’s the opposite of my old big-bank account, where I felt like I was paying them just for the privilege of parking my cash there.
And the tech is better, too. The app is clean, transfers are quick, and my cash is back in my checking account within a day or two if I need it.
Bottom line
When you see the numbers side by side, it’s hard to justify leaving big chunks of money in a traditional savings or checking account.
Whether you’ve got $25,000 or even just $1,000, high-yield savings accounts are one of the easiest wins in personal finance.
Stop earning pennies and start earning hundreds. Check out the best high-yield savings accounts today and see how much your cash could earn.