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Lending Club Exceeds $1 Billion In Personal Loans - Good Option For Savers?

Wednesday, November 7, 2012 - 5:55 PM
Lending Club issued this press release on Monday announcing "that it has enabled more than $1 billion in personal loans."

With deposit rates near zero, Lending Club may be an option for savers who are skeptical of stocks and bonds. Unlike deposit accounts, investing in Lending Club notes has risks. However, I've read opinions from seveal readers and bloggers who have given Lending Club a try, and they have been happy with their returns. Peter Anderson at Bible Money Matters is one. He described his experiences and his returns in this blog post.
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Ken TuminKen Tumin5,441 posts since
Nov 29, 2009
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