Happen Bank (formerly LendingClub)
Happen Bank (formerly LendingClub) LevelUp Savings
By Alex Compton · Last verified
A 4% headline rate that you re-earn every month with a $250 deposit habit
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 | Monthly fee | Minimum | Evidence |
|---|---|---|---|---|
| 2026-09-07 | 4.00% with $250+ in monthly deposits; 3.00% standard otherwise (as of September 2026) | $0 | None | Archive record · no attached snapshotLegacy snapshot; event-level evidence was not attached at the time |
Primary-source verification log
Append-only evidence ledgerEvent-level primary-source attachments begin with the September 2026 verification system. Older records remain visible but are not retroactively presented as evidenced.
Features
- ▸LevelUp Rate (4.00%) applies to the entire balance when you deposit $250+ during the monthly evaluation period
- ▸Miss the deposit and the whole balance earns the 3.00% Standard Rate that cycle
- ▸Deposits can be split across multiple transfers; interest payments and refunds don't count
- ▸No minimum balance and no monthly fees
- ▸Free ATM card available on the savings account
- ▸LendingClub also offers LevelUp Checking with cash-back features
Pros
- +4.00% on unlimited balances is rate-leader territory
- +The hurdle is a deposit, not spending — automatable with one recurring transfer
- +Even the fallback 3.00% matches several big-name HYSAs
- +ATM card adds real liquidity
Cons
- −The hurdle resets every month; forgetfulness costs a full point on everything
- −Rate is evaluated per cycle, adding mental overhead versus flat-rate accounts
- −LendingClub's pivot history (P2P lending to bank) gives some savers pause
Our Take
LevelUp Savings is the best activity-gated rate in the country because the activity is trivially automatable: schedule a $250 monthly transfer and you own a 4.00% account with an ATM card. The design quietly punishes passive balances, so set the automation on day one and this jumps from gimmick to one of the strongest HYSAs available.
Best for: Savers who automate deposits and want 4% on the whole balance
Open at Happen Bank (formerly LendingClub) →Last verified 2026-09-07
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