Saving for a house has never felt more overwhelming. Prices are high, and mortgage rates have gone up. And watching my hard-earned savings just sit there in a regular account? That hurts.

I'm hoping to buy a home sometime in the next year, and I want every dollar I've saved to go as far as possible.

Now, I'm earning about $420 every month in interest -- just by keeping my down payment in a LendingClub LevelUp Savings account.

Here's exactly how I'm doing it.

Our Picks for the Best High-Yield Savings Accounts of 2025

Product	APY	Min. to Earn
American Express® High Yield Savings Account Member FDIC. APY 3.70% Rate info 3.70% annual percentage yield as of April 21, 2025. Terms apply. Min. to earn $0 Open Account for American Express® High Yield Savings Account On American Express's Secure Website. Member FDIC.	3.70% Rate info 3.70% annual percentage yield as of April 21, 2025. Terms apply.	$0	Open Account for American Express® High Yield Savings Account On American Express's Secure Website.
CIT Platinum Savings Member FDIC. APY 4.10% APY for balances of $5,000 or more Rate info 4.10% APY for balances of $5,000 or more; otherwise, 0.25% APY Min. to earn $100 to open account, $5,000+ for max APY Open Account for CIT Platinum Savings On CIT's Secure Website. Member FDIC.	4.10% APY for balances of $5,000 or more Rate info 4.10% APY for balances of $5,000 or more; otherwise, 0.25% APY	$100 to open account, $5,000+ for max APY	Open Account for CIT Platinum Savings On CIT's Secure Website.
Barclays Tiered Savings Member FDIC. APY 4.10% Rate info Balances less than $250,000 earn 4.10%, and balances greater than $250,000 earn 4.30%. Min. to earn $0 Open Account for Barclays Tiered Savings On Barclays' Secure Website. Member FDIC.	4.10% Rate info Balances less than $250,000 earn 4.10%, and balances greater than $250,000 earn 4.30%.	$0	Open Account for Barclays Tiered Savings On Barclays' Secure Website.

My old savings account was holding me back

For a while, I kept my home fund at a traditional bank. It felt "safe" (FDIC insured and, well, familiar), but that so-called safety was costing me. I was earning next to nothing (I'm talking 0.01% APY), and inflation was quietly eating into my savings every month.

That's when I realized: I could still get that same FDIC protection and earn way more. I just had to look beyond traditional savings accounts.

Why LendingClub LevelUp Savings stood out

When I started comparing high-yield savings accounts, the LendingClub LevelUp Savings account quickly made it to the top of my list. Here's why.

Competitive rate: 4.40% APY with $250+ in monthly deposits

The biggest selling point for me was the 4.40% APY with $250+ in monthly deposits, one of the highest rates I could find. You do need to deposit at least $250 a month to qualify for the APY, but even if you don't, the fallback rate is still better than most banks.

I set up a recurring $250 deposit at the end of each month to make sure I always qualify.

No monthly fees

Your money grows fee-free every single month. No maintenance fees and no hidden costs.

Free ATM access

Not all online banks offer ATM cards, but LendingClub does.

Depending on your banking tier (Classic, Preferred, Elite, or Reserve), you can withdraw between $500 and $2,000 per day with a free ATM card. On top of that, LendingClub charges no ATM fees and offers unlimited rebates for fees charged by out-of-network ATMs.

What this account is doing for me in real numbers

At the current APY, that's roughly $420 per month in interest -- over $5,000 per year -- just for keeping my money in the right place.

I don't have to do much. My monthly deposit is automated. Interest is compounded monthly. And watching my balance grow gives me a little extra motivation to keep saving.

Some things to keep in mind

If you're considering opening a LendingClub LevelUp Savings account, keep these two things in mind.

You need to deposit $250/month to get the full APY

If you're not consistently saving or don't want to bother with a monthly deposit, this might not be the best fit.

Some accounts (like Discover® Online Savings) offer strong rates without a monthly deposit requirement.

It's an online-only experience

There are no branches and no in-person service. That doesn't bother me since I do most of my banking online anyway, but if you prefer face-to-face help, something like Capital One 360 Performance Savings is a better option.

For more alternatives, check out our list of the best high-yield savings accounts.

Ready to make your savings actually do something?

I'm not trying to gamble with my down payment or tie it up in a CD. I just want it to grow while I wait for the right house -- and that's exactly what this account lets me do.

With the LendingClub LevelUp Savings account, I'm earning a top-tier APY, paying zero fees, and keeping full access to my cash. It's flexible, consistent, and way more rewarding than a traditional savings account.

If you're building toward something big -- like a home, a wedding, or an emergency fund -- this account can help you get there faster without locking your money away.

Want your savings to earn more while you wait? Open a LendingClub LevelUp Savings account today.