To meet growing loan demand, Lending Club is offering investors a cash bonus incentive for investing new money into the platform.

How much? Enough to match, or surpass, what you would get for an entire year storing your cash in a high yield rewards checking/savings account.

Details:

• Lending Club will pay you a $50.00 bonus* if you transfer an additional $1,000-2,499. [5%]
• Lending Club will pay you a $100.00 bonus* if you transfer an additional $2,500-4,499. [4%]
• Lending Club will pay you a $150.00 bonus* if you transfer an additional $5,000 or more. [3%]

*To receive your bonus, all funds must be newly deposited between July 7, 2010 and July 31, 2010, continuously maintained in your Lending Club account until August 31, 2010 and fully invested on the Lending Club platform by August 31, 2010 to unlock the bonus for withdrawal.

Being a fan of free money, and who isn’t, I transferred $1000 into my account late last week and plan to deploy it based upon my Lending Club investment strategy where I’m currently earning 14% on my P2P Lending investments.

Granted, it’s hard to get all that excited about $50, but when you consider this is a 5% return on my $1000 investment, it’s a no brainer. After all, if you found a $50 bill on the street, you would pick it up… wouldn’t you?

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