Happen Bank: Savings Account, CDs & Rates
Mission: Banksparency aims to make Happen Bank's deposit accounts transparent and comparable to the market.
Analysis of Happen Bank
Our verdict
Happen Bank offers LevelUp Savings, a high-yield savings account paying 4.00% APY with no minimum deposit.
At 4.00% APY, Happen Bank pays 11x the national savings average of 0.38%.
Ideal User Profile
- Best for: earning a top rate with no strings attached, banking without needing a branch, and managing money from your phone.
CD Analysis
Happen Bank also offers CDs paying up to 4.30% APY on its 24 months term, across 6 term lengths.
Tracking 6 active CD products, useful for locking in today's rate before further moves at the Fed.
- Best CD use: locking in 4.30% APY for a 24 months term and laddering across multiple maturities.
Key Differentiators
- Stands out with top-rated iOS app (4.8), highly-rated Android app (4.8), A+ BBB rating.
Savings Overview
LevelUp Savings
| Min. Deposit | $0 |
| Min. Balance | $0 |
| Maintenance Fee | $0 |
Prefer In-Person Banking?
This institution is online-only. If you need in-branch access, check out our list of savings accounts with brick-and-mortar locations.
Bank Overview
- HQ LocationLehi, UT
- AffiliationLendingClub Corporation (NYSE: LC) is the parent company of Happen Bank, which operated as LendingClub Bank until 2026.
- Ratings & Trust
- Deposit InsuranceFDIC Insured(Cert: 32551)
Top Market Contenders
Savings Account: In-Depth View
Savings Account Offered by Happen Bank
| Feature | LevelUp Savings |
|---|---|
APY | 4.00%Verified: 8/20/2026 |
APY Trend | N/A |
Min. Deposit | $0 |
Min. Balance | $0 |
Monthly Fee | $0 |
Direct Deposit | None |
Checking Bundle | No |
In-Branch Access | No |
Compounding | Daily |
FDIC Insured | Yes |
Eligibility | United States |
Important | The advertised "LevelUp Rate" APY is only available if you deposit $250+ into the account each month. Otherwise the "Standard Rate" applies. |
| Next Steps | - |
Interactive Tool
Calculate Savings for Happen Bank
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$1,568.10(10.1%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$15,568.10
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Happen Bank Savings Rates Over Time
Historical APY Insights
Last 12 Months| Metric | LevelUp Savings |
|---|---|
Latest APY | 4.00% |
Trend | Sideways |
Slope (bps/mo) | -3.7 |
Rate Changes / Mo | 0.08 |
Days Since Last Change | 251 |
High (-12m) | 4.20% |
Low (-12m) | 4.00% |
Draw-down | -4.8% |
Volatility (CV) | 0.023 |
How to read these metrics▼
Trends & Velocity
- Trend
- The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
- Slope (bps/mo)
- Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
- Rate Changes / Mo
- "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.
Risk & Range
- High/Low
- The absolute ceiling and floor of the rate during the 362-day window.
- Volatility Score
- Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
- Days Since Change
- If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.
Why track this? Understanding volatility helps you avoid "bait-and-switch" rates. A steady, rising slope is ideal; high volatility often signals a temporary teaser rate.
Compare with Happen Bank
| Feature | Current View Happen Bank | Empty Slot |
|---|---|---|
| Product | LevelUp Savings | - |
APY | 4.00%Verified: 8/20/2026 | - |
APY Trend | N/A | - |
| Min. Deposit | $0 | N/A |
| Monthly Fee | $0 | - |
Direct Deposit | No | - |
Checking Bundle | No | - |
| In-Branch Access | No | - |
| Eligibility | United States | - |
Compounding | Daily | - |
FDIC or NCUA Insured | Yes | - |
| Note | The advertised "LevelUp Rate" APY is only available if you deposit $250+ into the account each month. Otherwise the "Standard Rate" applies. | - |
| Next Steps | - | - |
Bank-to-Bank Comparisons
Compare Happen Bank's APY of 4.00% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Happen Bank vs Ally Bank | 3.00% | $0 |
| Happen Bank vs American Express | 3.00% | $0 |
| Happen Bank vs Axos Bank | 4.21% | $0 |
| Happen Bank vs Barclays | 3.65% | $0 |
| Happen Bank vs Capital One | 3.50% | $0 |
| Happen Bank vs Chime | 3.75% | $0 |
| Happen Bank vs CIT Bank | 3.75% | $100 |
| Happen Bank vs EverBank | 3.90% | $0 |
| Happen Bank vs Marcus by Goldman Sachs | 3.40% | $0 |
| Happen Bank vs Newtek Bank | 4.20% | $100 |
| Happen Bank vs Openbank | 3.80% | $500 |
| Happen Bank vs Pibank | 4.10% | $0 |
| Happen Bank vs SoFi Bank | 3.80% | $0 |
| Happen Bank vs Synchrony Bank | 3.30% | $0 |
| Happen Bank vs Varo Bank | 3.75% | $0 |
| Happen Bank vs Wealthfront | 3.95% | $0 |
CD Overview
CD Products Offered by Happen Bank
| Feature | 6-Month CD 6 months | 11-Month CD 11 months | 1-Year CD 12 months | 14-Month CD 14 months | 2-Year CD 24 months | 5-Year CD 60 months |
|---|---|---|---|---|---|---|
APY | 4.20%Verified: 8/20/2026 | 4.20%Verified: 8/20/2026 | 3.50%Verified: 8/20/2026 | 3.50%Verified: 8/20/2026 | 4.30%Verified: 8/20/2026 | 3.40%Verified: 8/20/2026 |
Term | 6 months | 11 months | 12 months | 14 months | 24 months | 60 months |
Min. Deposit | $500 | $500 | $500 | $500 | $500 | $500 |
Early Withdrawal | N/A | N/A | N/A | N/A | N/A | N/A |
FDIC Insured | Yes | Yes | Yes | Yes | Yes | Yes |
Happen Bank CD Rates Over Time
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