LendingClub continues to encourage investors to keep investing on the platform as the best way to support borrowing members in the current financial climate.
In an email sent to member investors on June 1, LendingClub announced that it will offer investors “a bonus payment of 50 basis points, or 0.5%, for all new Note purchases made between June 1 and August 31, 2020” as a thank you for their dedication to the lending community.
“At LendingClub, our investors know there’s more to our platform than just the investment return—it’s about the people behind the loans who are on a path to better financial health for themselves and their families. This bonus is our way to say thank you for your support—we’re heartened to see this incredible community in action.”
How does the bonus work? Click here for details from LendingClub’s investor relations support.