Happen Bank vs. Ivy Bank CDs: Which Pays More by Term?
Happen Bank pays more on 6 month, 2 year and 5 year CDs; Ivy Bank pays more for 3 months and 1 year. Rates, minimums, penalties and safety compared.
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Happen Bank pays more on most CD terms: 4.40% APY for 6 months, 4.76% for 2 years and 3.40% for 5 years, with $500 to open. Ivy Bank wins on 3 months (4.25%) and 1 year (4.05% vs. Happen’s 3.50%), but needs $1,000. Happen also publishes its early withdrawal penalty; Ivy does not. Happen rates accurate as of Oct 26, 2026; Ivy rates effective Sep 22, 2026, both checked at the banks on Oct 26, 2026.
Happen Bank (formerly LendingClub) and Ivy Bank are both online banks with short and mid term CDs near the top of our rankings. They split the terms almost evenly, so the right pick depends on how long you want to lock your money away.
Happen vs. Ivy CD rates, term by term
| Term | Happen Bank | Ivy Bank | Higher rate |
|---|---|---|---|
| 3 months | Not offered | 4.25% | Ivy |
| 6 months | 4.40% | 4.25% | Happen |
| 11 months | 4.65% | Not offered | Happen |
| 1 year | 3.50% | 4.05% | Ivy |
| 14 months | 3.50% | Not offered | Happen |
| 2 years | 4.76% | 3.00% | Happen |
| 3 years | Not offered | 2.75% | Ivy |
| 5 years | 3.40% | 2.50% | Happen |
Happen Bank rates accurate as of Oct 26, 2026; Ivy Bank rates effective Sep 22, 2026. Both checked at the banks’ websites on Oct 26, 2026.
How much would $10,000 earn?
| Term | Happen Bank | Ivy Bank |
|---|---|---|
| 6 months | $218 | $210 |
| 1 year | $350 | $405 |
| 2 years | $975 | $609 |
| 5 years | $1,820 | $1,314 |
Interest earned over the full term if you keep the CD to maturity.
The biggest gap is the 2 year CD: about $366 more at Happen on $10,000. On a 1 year CD, Ivy earns about $55 more.
Minimums, penalties and rules
| Happen Bank | Ivy Bank | |
|---|---|---|
| Minimum to open | $500 | $1,000 |
| Maximum | $500,000 opening deposit | Not stated on its CD page |
| Early withdrawal penalty | 90 days of simple interest on terms of 1 year or less; 180 days on longer terms | Not published online; given in a separate notice |
| Withdraw interest | Monthly, or let it compound | Compounds monthly |
| Add money later | Only at maturity, in the grace period | No |
| Grace period at maturity | 10 days | 10 days |
| FDIC insured through | Happen Bank, N.A. (certificate 32551) | Cambridge Savings Bank (certificate 17870) |
From each bank’s CD page and help center, and the FDIC BankFind database, checked Oct 26, 2026.
Which one should you pick?
- 3 months: Ivy, the only one of the two with a 3 month term, at 4.25%.
- 6 months: Happen, 4.40% vs. 4.25%, with half the minimum.
- About a year: Ivy’s 1 year CD at 4.05%, or Happen’s 11 month CD at 4.65% if you can work with 11 months. Happen’s 1 year and 14 month CDs pay only 3.50%.
- 2 years: Happen, by a wide margin: 4.76% vs. 3.00%.
- 3 to 5 years: neither is a leader. Compare the best 3 year CD rates and best 5 year CD rates.
How often do their rates change?
Happen moved its CD rates often this month. We logged these changes at Happen’s website:
| Rate as of | Account | Term | Change | Direction |
|---|---|---|---|---|
| Oct 20, 2026 | CD | 6 months | 4.30% to 4.40% APY | Raised |
| Oct 20, 2026 | CD | 11 months | 4.40% to 4.65% APY | Raised |
| Oct 16, 2026 | CD | 2 years | 4.60% to 4.76% APY | Raised |
| Oct 9, 2026 | CD | 6 months | 4.20% to 4.30% APY | Raised |
| Oct 9, 2026 | CD | 11 months | 4.20% to 4.40% APY | Raised |
| Oct 9, 2026 | CD | 2 years | 4.40% to 4.60% APY | Raised |
Ivy Bank’s CD rates have been effective since Sep 22, 2026. Once you open a CD at either bank, your rate is locked for the term. See every change we track on our rate history page.
Are Happen Bank and Ivy Bank safe?
Yes. Happen Bank, N.A. is a national bank in Lehi, Utah, FDIC certificate 32551, and was called LendingClub Bank until 2026. Ivy Bank is the online division of Cambridge Savings Bank in Massachusetts, founded in 1834, FDIC certificate 17870; deposits at Ivy and Cambridge Savings Bank share one $250,000 limit. See is Happen Bank legit? and is Ivy Bank legit?
Full reviews: Happen Bank CD review and Ivy Bank CD review. Compare every bank on our best CD rates page.
CD rates change often for new deposits. Once you open a CD, your rate is fixed for the term.
Frequently asked questions
Does Happen Bank or Ivy Bank pay more on CDs?
Happen pays more on 6 month (4.40% APY), 2 year (4.76%) and 5 year (3.40%) CDs. Ivy pays more on 3 month (4.25%) and 1 year (4.05%) CDs. Happen rates as of Oct 26, 2026; Ivy rates effective Sep 22, 2026.
Which has the lower minimum deposit?
Happen Bank, at $500. Ivy Bank needs $1,000 to open a CD.
What are the early withdrawal penalties?
Happen charges 90 days of simple interest on terms of 1 year or less and 180 days on longer terms. Ivy Bank does not publish its penalty amounts online; ask before you open.
Are Happen Bank and Ivy Bank CDs FDIC insured?
Yes. Happen Bank is FDIC certificate 32551. Ivy Bank is a division of Cambridge Savings Bank, certificate 17870. Each covers up to $250,000 per depositor, per ownership category.
Can I add money to a Happen or Ivy CD?
Not during the term. Happen lets you add money only in the 10 day grace period at maturity; Ivy does not allow added deposits.
Compare today’s top savings rates
Happen Bank LevelUp SavingsAPY as of Oct 23, 20264.20%with $250 or more in deposits each monthReview →
