Ramses Delgado, Banking Moderator
@ramses_delgado1
Cashing out a LendingClub CD depends on whether you’re withdrawing at maturity or requesting an early withdrawal. LendingClub CDs include a 10‑day grace period after the maturity date, during which you can withdraw funds without any early‑withdrawal penalty. Once you initiate the withdrawal, funds typically become available within 1 to 3 business days.
For early withdrawals, you must request approval from the bank. If the request is approved, the applicable penalty is deducted from your balance. The exact processing time is not disclosed, but it may take several business days after approval for the funds to be released.
For more information, visit the LendingClub website or contact their customer service by phone at (800) 242-0272.
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