Happen Bank CD Review

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.