Lending Club high yield rate at 9.62%

Interested customers who want to invest in loans to high quality borrowers in a SEC registered and leader in social lending can expect an average net annualized return on investment of 9.62%. This rate offer is current as of July 13, 2009.

Lending Club, which operates as a social lending network that is SEC registered, is offering interested investors a 9.62% rate of return. Investing in the Club is also like saving money in the bank as money is being loaned to other people just like what banks do. At the same time investors are able to help others meet their financial goals.

It is gaining popularity because of the tight credit market and lending is carefully done only to creditworthy borrowers.

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