Yes. You can apply any saved filters you create to your Automated Reinvesting criteria. However, if you select Automated Reinvesting criteria and also apply a conflicting saved filter (e.g., your Automated Investing criteria includes an allocation of 100% A & B grade Notes and your saved filter includes an allocation of 100% C grade Notes), Automated Reinvesting will not be able to place any orders for your account.
Keep in mind that using filters can greatly increase the time that may be required to deploy your available cash as filters tend to reduce inventory matching your investment criteria. Adding filters may reduce such matching inventory to zero, effectively preventing Automated Reinvesting from placing any orders for your account. If your investment strategy includes the use of multiple filters, the Automated Reinvesting service may not be for you. By default, Automated Reinvesting prevents multiple investments in the same loan unless you apply a filter that specifies otherwise.*
To apply a saved filter to your Automated Reinvesting criteria, follow these steps:
- Log in to your LendingClub account
- Click on "Automated Reinvesting"
- Click "Edit Allocation"
- Click "Special Instructions"
- Select the saved filter you wish to use
Click here to log in to your account and enroll in Automated Reinvesting.
* This information is not intended to be investment advice. You should consult your financial advisor if you have any questions or need additional information.
Automated Reinvesting was previously known as “PRIME.”