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Happen Bank LevelUp Savings Review
Our take: A top savings rate for anyone who adds at least $250 a month, with a strong 3.00% APY fallback if you miss a month. No minimum, no fees and a free ATM card make it unusually flexible for an online savings account.
Pros
- 4.20% APY on your whole balance with $250 or more in monthly deposits
- 3.00% APY even in months you miss the rule
- $0 minimum and no monthly fee
- Free ATM card with unlimited ATM fee rebates
Cons
- Top rate requires at least $250 in new deposits every evaluation period
- Phone support is closed Sundays
- New brand name since 2026 (formerly LendingClub Bank), so older reviews use the old name
Key facts
- APY
- 4.20% with $250 or more in deposits each month
- Requirements
- Deposit a total of at least $250 during each monthly evaluation period to earn the LevelUp rate. Interest, bonuses and refunds do not count. New accounts start on the LevelUp rate.
- Rate if requirements are missed
- 3.00%
- Minimum to open
- $0
- Minimum to earn APY
- None
- Monthly fee
- No monthly fee
- ATM access
- Free ATM card with ATM fee rebates
- Current offer
- None right now
- Insurance
- FDIC insured up to $250,000 per depositor, per ownership category
- FDIC certificate
- 32551 (Happen Bank, N.A., Lehi, UT)
- Who can open
- US citizens and residents 18 or older with an SSN and a US home address
- Mobile app
- Happen Bank app: 4.8 on the App Store, 4.5 on Google Play (Sep 28, 2026)
- Customer service
- 800.242.0272, Monday to Saturday, 5am to 5pm PT
Source: Happen Bank website, checked Oct 27, 2026. Insurance details from the FDIC BankFind database.
Our verdict
Happen Bank LevelUp Savings is one of the highest rated accounts in our ranking. It pays 4.20% APY on your whole balance in any month you deposit at least $250, and a standard 3.00% APY if you do not. That fallback rate is higher than the only rate many savings accounts pay.
It also has no minimum, no monthly fee and a free ATM card, which is rare for an online savings account. The one thing to plan for is the monthly $250 deposit. An automatic transfer from your checking account handles it.
How the rate works
| Situation | APY |
|---|---|
| At least $250 deposited during the evaluation period | 4.20% |
| Less than $250 deposited | 3.00% |
Both rates were accurate as of Oct 23, 2026, are variable, and apply to the full balance with no balance cap. Interest, bonuses, credits and refunds do not count toward the $250. New accounts start on the LevelUp rate.
What $10,000 earns: about $420 in a year if you meet the monthly rule every month, or about $300 at the standard rate.
Fees and minimums
There is no minimum opening deposit, no minimum balance and no monthly fee.
Access to your money
LevelUp Savings comes with a free ATM card. It works fee free at MoneyPass and SUM ATMs, and Happen Bank rebates fees charged by other ATM owners without a limit. ACH transfers, wires and mobile check deposit are free. Daily ATM and transfer limits depend on your customer tier.
Is Happen Bank safe?
Happen Bank, N.A., based in Lehi, Utah, is FDIC insured under certificate 32551, which we confirmed in the FDIC BankFind database. FDIC records show it was previously named LendingClub Bank. Deposits are insured up to $250,000 per depositor, per ownership category.
Who it is best for
- Savers who add money every month anyway
- Anyone who wants ATM access to their savings
- People who want a strong rate even in a month they cannot save
Who should look elsewhere
- People parking a lump sum with no monthly deposits; Peak Bank pays its full rate with no rules
- Anyone who needs phone support on Sundays
How we rated it
LevelUp Savings scores 4.6 out of 5. It scores near the top on both rate measures, fees and its app, and well on access thanks to the ATM card. It loses a little for the monthly deposit rule. Read the full methodology.
How Happen Bank compares
| Account | Rating | APY | Min to open | ATM card |
|---|---|---|---|---|
| Elevault High Yield Savings | 4.6 | 4.34% | $0 | No |
| EverBank Performance Savings Account | 4.6 | 4.20% | $0 | No |
| Happen Bank LevelUp Savings | 4.6 | 4.20% | $0 | Yes |
| Bread Savings High Yield Savings Account | 4.6 | 4.05% | $100 | No |
| Peak Bank Envision High Yield Savings | 4.5 | 4.27% | $100 | No |
| Newtek Bank Personal High Yield Savings Account | 4.5 | 4.20% | $100 | No |
| Openbank High Yield Savings Account | 4.5 | 4.00% | $500 | No |
| E*TRADE Premium Savings | 4.5 | 3.75% | $0 | No |
| Axos ONE Savings | 4.4 | 4.21% | $0 | Yes |
| Always.bank High Yield Savings Account | 4.4 | 4.10% | $0 | No |
| Barclays Tiered Savings | 4.4 | 3.50% | $0 | No |
| Capital One 360 Performance Savings | 4.4 | 3.20% | $0 | No |
| Valley Direct High Yield Savings | 4.3 | 3.30% | $1,000 | No |
| Ally Bank Savings Account | 4.3 | 3.20% | $0 | No |
| American Express High Yield Savings Account | 4.3 | 3.20% | $0 | No |
| Pibank Savings | 4.2 | 4.40% | $0 | No |
| Western Alliance Bank High Yield Savings Premier | 4.2 | 3.80% | $500 | No |
| Ivy Bank High Yield Savings Account | 4.1 | 4.00% | $2,500 | No |
| SoFi Checking and Savings | 4.1 | 3.30% | $0 | Yes |
| Alto Online Savings (BMO) | 4.0 | 3.00% | $0 | No |
Happen Bank savings FAQ
What is the Happen Bank LevelUp Savings rate?
Happen Bank advertises a LevelUp rate of 4.20% APY for accounts that receive at least $250 in deposits during the evaluation period, and a standard rate of 3.00% APY otherwise, both accurate as of Oct 23, 2026. Rates are variable.
How do I earn the LevelUp rate?
Deposit a total of at least $250 into the account during each evaluation period, which follows your statement cycle. Interest, bonuses, credits and refunds do not count toward the $250.
Is Happen Bank FDIC insured?
Yes. Happen Bank, N.A. is FDIC insured under certificate 32551 and is based in Lehi, Utah. Deposits are insured up to $250,000 per depositor, per ownership category.
Is Happen Bank the same as LendingClub Bank?
Yes. FDIC records show the bank that was LendingClub Bank, N.A. was renamed Happen Bank, N.A. in 2026. It keeps the same FDIC certificate.
Does Happen Bank LevelUp Savings have an ATM card?
Yes. It comes with a free ATM card that works fee free at MoneyPass and SUM ATMs, and Happen Bank rebates fees charged by other ATM owners.
Ready to open Happen Bank LevelUp Savings?
Rates as of Oct 23, 2026. Confirm the current rate and terms on the provider’s site before you apply.