Happen Bank (formerly LendingClub)
Happen Bank (formerly LendingClub) LevelUp Savings
By Alex Compton · Last verified
Savings with an optional ATM card and a higher rate tied to deposits per statement cycle
Insurance: FDIC insured up to $250,000 through Happen Bank, N.A. (formerly LendingClub Bank)
Account Terms History
A dated record of APY, fees and opening requirements. New changes append to this table; prior terms remain visible.
| Observed | APY / yield | Monthly fee | Minimum | Evidence |
|---|---|---|---|---|
| 2026-11-02 | 4.20% variable LevelUp APY with $250 in qualifying deposits in the prior evaluation statement cycle; 3.00% standard APY otherwise. Introductory cycles apply; checked November 2, 2026 | $0 | None | Happen Bank LevelUp Savings page, checked November 2, 2026 →Freshness-rotation reconfirmation: Happen's page (dated 10/31/2026) still shows the 4.20% LevelUp rate and 3.00% standard rate. No change. |
| 2026-10-23 | 4.20% variable LevelUp APY with $250 in qualifying deposits in the prior evaluation statement cycle; 3.00% standard APY otherwise. Introductory cycles apply; checked October 23, 2026 | $0 | None | Official product terms reviewed October 23, 2026 →Scoped review clarified prior-statement-cycle deposit evaluation, excluded deposits, introductory cycles and variable rates; updated official URL. Full-record date retained. |
| 2026-10-05 | 4.20% with $250+ in monthly deposits; 3.00% standard otherwise (as of October 2026, up from 4.00%) | $0 | None | Archive record · no attached snapshotPreviously published editorial snapshot; not evidence of the bank’s rate-change date. |
Primary-source verification log
Append-only evidence ledger- changed
Scoped review clarified prior-statement-cycle deposit evaluation, excluded deposits, introductory cycles and variable rates; updated official URL. Full-record date retained.
Fields: tagline, apy, features, atm, pros, cons, ourTake, bestFor, url, termHistory
Official savings product terms; scoped review →
Features
- ▸After the introductory cycles, at least $250 in qualifying deposits during an evaluation statement cycle earns the LevelUp rate the following month
- ▸Interest, bonuses, account credits and bank refunds or reversals do not count toward the deposit requirement
- ▸Multiple qualifying deposits can total $250
- ▸No minimum opening deposit or monthly account fee
- ▸Optional ATM card available at no charge
- ▸Formerly LendingClub; now Happen Bank
Pros
- +Optional ATM card provides a direct withdrawal route
- +Qualifying deposits can be split across multiple transfers
- +No minimum opening deposit or monthly account fee
Cons
- −Qualification is assessed by statement cycle, not simply a calendar-month reminder
- −Missing the requirement lowers the following month to the standard rate
- −Both APYs are variable
Our Take
LevelUp can fit savers who regularly add money and want an optional ATM card. Schedule deposits around the statement cycle and verify that they qualify. A recurring transfer can help, but it does not guarantee the higher rate forever: monitor successful deposits and the bank’s current terms.
Best for: Regular savers who can track statement-cycle deposits and want an optional ATM card
Open at Happen Bank (formerly LendingClub) →Last verified 2026-11-02
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