Lending Club Blog

PRIME is now Automated Investing

Lending Club is excited to announce that PRIME has a new name: Automated Investing.

As new investors register at Lending Club every day, we decided to change the name from PRIME to “Automated Investing” to make the benefits of the service clearer. Automated Investing still offers the same great benefits of PRIME; it just has a new name:

  • You maintain full control over your investment criteria.
  • You have the flexibility to pause or cancel Automated Investing or place manual orders at any time.
  • Accounts are reviewed as soon as new loans are listed (up to 4 times per day), with the goal of putting your cash to work as quickly as possible.*
  • Automated Investing gives you access to the latest inventory while saving you time.

Haven’t tried Automated Investing yet? Sign up now.

 

* The frequency of orders is based on the cash balance of your account, availability of loan inventory matching your investment criteria, and demand from other investors. The cash in your account may be deployed immediately or over a long period of time, and there may be weeks when many orders are placed and weeks when no orders are placed.

Wednesday, May 14th, 2014 at 8:20 pm

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