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Happen Bank CD Review
Our take: Strong rates on 2 year and short term CDs with moderate penalties. The 12 month rate trails the leaders.
Pros
- 4.76% APY on the 2 year CD
- 4.65% APY on the 11 month term and 4.40% on 6 months
- Moderate early withdrawal penalties
Cons
- 12 month rate is lower at 3.50%
- Maximum deposit of $500,000
- No phone support on Sundays
Key facts
- Terms
- 6 months to 5 years
- Early withdrawal penalty
- 90 days of interest (1 year or less); 180 days (longer terms)
- At maturity
- 10 day grace period, then auto renews
- Minimum to open
- $500
- Monthly fee
- No monthly fee
- 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 residents 18 or older
- 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 28, 2026. Insurance details from the FDIC BankFind database.
Happen Bank’s best CD rate is 4.76% APY on the 2 year term. Its 11 month CD pays 4.65% and its 6 month CD pays 4.40%, but the 1 year CD pays only 3.50%. You need $500 to open, up to $500,000. Rates as of Oct 27, 2026, checked against Happen Bank’s website on Oct 28, 2026.
Happen Bank CD rates today
| Term | APY |
|---|---|
| 6 months | 4.40% |
| 11 months | 4.65% |
| 1 year | 3.50% |
| 14 months | 3.50% |
| 2 years | 4.76% |
| 5 years | 3.40% |
Rates as of October 26, 2026, from Happen Bank’s CD page, checked Oct 20, 2026. Happen Bank was formerly LendingClub Bank.
CD rates change often for new deposits. Once you open a CD, your rate is fixed for the term.
Our verdict
Happen Bank is a strong pick if you want a 2 year CD or a short term under a year. Its 2 year rate of 4.76% is one of the best we track for that term, and the 11 month CD at 4.65% is one of the best rates we track under a year and a strong alternative to a 1 year CD.
Avoid its 1 year and 14 month terms. At 3.50%, they pay well below the leaders, so if you need exactly 12 months, compare the best 12 month rate we track, 4.65% at CFG Bank CDs.
Which Happen Bank CD term is best?
- Under a year: the 11 month CD at 4.65% beats the 6 month CD at 4.40% and is far ahead of the 1 year CD.
- 2 years: the standout at 4.76%. If you can leave the money alone for two years, this is the term to pick.
- 5 years: 3.40% is low for a long lock up. Longer terms pay more elsewhere.
On a $10,000 deposit, the 1 year CD earns about $350 in a year.
For context, the best 12 month rate across the CDs we track is 4.65% APY at CFG Bank CDs, and the best rate on any term is 5.00% at Sallie Mae Bank CDs. See every CD side by side on our best CD rates page.
Penalties and maturity
Withdrawing principal early costs 90 days of simple interest on terms of 1 year or less, and 180 days on longer terms. Happen Bank lets you withdraw earned interest monthly. At maturity you get a 10 day grace period to add or withdraw funds or change the term; Happen sends a notice at least 30 days before maturity, and if you do nothing the CD renews for the same term at the rate offered then.
Happen Bank vs. Ivy Bank CDs
Ivy Bank is the closest rival for short terms. Happen pays more on 6 months (4.40% vs. 4.25%) and far more on 2 years (4.76% vs. 3.00%), with half the minimum. Ivy pays more on 1 year (4.05% vs. 3.50%) and is the only one with a 3 month CD. See the full term by term comparison: Happen Bank vs. Ivy Bank CDs.
Is it safe?
Happen Bank, N.A. (Lehi, Utah) is FDIC insured under certificate 32551, which we confirmed in the FDIC BankFind database. Deposits are covered up to $250,000 per depositor, per ownership category.
Compare CD rates by term: 6 month · 9 month · 1 year · 18 month · 2 year · 3 year · 4 year · 5 year
How we rated it
It scores well on its top rate, penalties and app, and loses points for the lower 12 month rate. It scores 4.4 out of 5 on our scorecard for this category. See how we score on the comparison page and our methodology.
How Happen Bank compares
| Account | Rating | Best APY | 12 month APY |
|---|---|---|---|
| E*TRADE CDs (Morgan Stanley Private Bank) | 4.7 | 4.80% | 4.55% |
| Barclays Online CD | 4.7 | 4.75% | 4.50% |
| Synchrony Bank CDs | 4.7 | 4.75% | 4.30% |
| Capital One 360 CDs | 4.7 | 4.50% | 4.00% |
| Marcus by Goldman Sachs High Yield CD | 4.6 | 4.40% | 4.40% |
| Bread Savings CD | 4.4 | 4.85% | 4.45% |
| CFG Bank CDs | 4.4 | 4.82% | 4.65% |
| Happen Bank CD | 4.4 | 4.76% | 3.50% |
| American Express CDs | 4.4 | 4.40% | 3.65% |
| Always.bank CDs | 4.3 | 4.15% | 4.15% |
| Service Credit Union Share Certificates | 4.3 | 4.10% | 4.10% |
| Sallie Mae Bank CDs | 4.2 | 5.00% | 4.50% |
| Ivy Bank CDs | 4.2 | 4.25% | 4.05% |
| Popular Direct CDs | 4.0 | 5.00% | 4.60% |
| Peak Bank CDs | 4.0 | 3.69% | 3.69% |
Happen Bank CD FAQ
What are Happen Bank's CD rates today?
Happen Bank lists 4.76% APY on its 2 year CD, 4.65% on 11 months, 4.40% on 6 months, 3.50% on 1 year and 14 months, and 3.40% on 5 years, as of Oct 27, 2026.
What is Happen Bank's best CD term?
The 2 year CD at 4.76% APY. For less than a year, the 11 month CD at 4.65% pays more than the 1 year CD.
What is the minimum deposit for a Happen Bank CD?
$500 to open, and up to $500,000.
What is the early withdrawal penalty?
90 days of simple interest for terms of 1 year or less and 180 days for terms over 1 year.
What happens when a Happen Bank CD matures?
You get a 10 day grace period to make changes, then it renews automatically for the same term at the rate offered at that time.
Is Happen Bank FDIC insured?
Yes. Happen Bank, N.A. (formerly LendingClub Bank) is FDIC insured under certificate 32551, up to $250,000 per depositor, per ownership category.
How often does Happen Bank change its CD rates?
Often. We logged six Happen CD rate increases between Oct 9 and Oct 20, 2026, on its 6 month, 11 month and 2 year terms. Your rate is locked once you open a CD.
Is Happen's 11 month CD better than its 1 year CD?
Yes, on rate. The 11 month CD pays 4.65% APY and the 1 year CD pays 3.50% APY, as of Oct 26, 2026.
Ready to open Happen Bank CD?
Rates as of Oct 27, 2026. Confirm the current rate and terms on the provider’s site before you apply.
Happen Bank CD rate history
Every change we found to this account’s rates in our checks of the bank’s website, newest first, with the date the bank gives for each rate. See every bank on our rate change tracker.
| 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 |