Lending Club

 

Lending Club Blog

Posted by Rob Garcia :: December 10, 2009 @ 11:59 am

Invite Your Friends

For the remainder of 2009 and to celebrate this holiday season: Lending Club will give each investor you refer $64.62 to start peer investing.

Why $64.62?... that's odd!
According to FDIC’s Quarterly Data Profile, banks made $6.462 billion in profits last quarter and we doubt you, your friends, your family or colleagues got a piece of that action.  With Lending Club, you do!

How do I spread the wealth?
Log into your investor account and invite your friends from there.  You are sure to bring a smile to somebody's face and perhaps you may get away with making this your holiday gift.

Not a member yet?  Join Lending Club and start investing like a bank.

Lending Club, the world leader in peer to peer lending (based on loans issued each month in 2009), eliminates the high cost and complexity of traditional banking and gives investors direct access to better returns: 9.67% on average (as of Dec 10, 2009).  Lending Club notes are offered by prospectus filed with the SEC.

According to Bankrate.com, banks are currently offering three year CD's at average returns of 2.3% as well as high-yield savings or money market accounts at average returns of 1.07%

So don't invest with a bank, invest like a bank.

Promotion details
The special referral bonus program begins December 3, 2009. Referrals must use your special code between 12.03.09 and 12.31.09 at midnight in order to qualify for the $64.62 bonus. Your invitee must complete registration as a Lending Club investor and link a bank account in order to receive the bonus funds. Bonus funds may not be withdrawn and must be invested in Lending Club notes. Funds received may be taxable, please consult with your tax advisor. Recipient is responsible for all taxes, if any, due.

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More on this topic (What's this?)
Happy Thanksgiving 2009!
Read more on Holiday Season, Loans, Banking at Wikinvest
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Borrowers hurt by the credit squeeze and investors looking to boost their returns are increasingly turning to the same place: peer-to-peer lending.

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  • Pay off Credit Cards
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