Lending Club No-Fee IRA

Posted by Don on November 21, 2009

Lending Club has announced a No-Fee IRA that can be opened with them.  You now can open a self directed IRA thru EntrustCANA that will allow you to invest that IRA in Lending Club notes and also will allow you to invest in many other types of investments also.

Lending Club has an average return of 9.67% from inception thru November 2009.   Now imagine being able to grow that rate tax free in a Roth IRA or tax deferred in a Traditional IRA.  Here are some key items:

• No opening or maintenance fees
• Minimum opening balance of $15,000
• Can transfer 401K or existing IRA.
• Diversification among multiple asset types
• Available in ROTH IRA or Traditional IRA

If you have not heard of Lending Club go over and check them out.  They are also offering a $40 bonus if invited by current account holders.