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You can also use 3rdparty API's like LendingRobot that promise higher returns than LendingClub's own auto-investing feature.

Interesting. Have you used this?

Yeah, I learnt about it from a fellow co-worker and have been using it for the last 6 months. It's pretty seamless to get started with it and has offered better returns for me then the LC's own auto investing strategy.

What's the avg return on autoinvest with lending club?

It really depends on what type of loan grades you tell it you want to invest in but the median returns of LC investors is about 7% and depending on how you setup the auto investor but returns of 5-10% are typical.

You can look at LC investor returns on their website... https://www.lendingclub.com/info/statistics-performance.acti...

How does this work? I thought you can't pull money out? So how are you avoiding the taxes this way?