VaultRubric's sourced facts on Happen Bank (formerly LendingClub) (as of 2026-10-12): standard APY 3.0% (source), ranked #14 of 18 accounts with a numeric standard APY in our data; $0 minimum to earn APY; $0 monthly fee; deposits FDIC; Happen Bank, N.A. (formerly LendingClub Bank) up to $250,000; overall score 92.2% with 100% data coverage. This is a facts summary, not a recommendation to open an account.
Data as of · Last updated · By VaultRubric Research · How we score · Not investment advice.
VaultRubric's sourced facts on Happen Bank (formerly LendingClub) (as of 2026-10-12): standard APY 3.0% (source), ranked #14 of 18 accounts with a numeric standard APY in our data; $0 minimum to earn APY; $0 monthly fee; deposits FDIC; Happen Bank, N.A. (formerly LendingClub Bank) up to $250,000; overall score 92.2% with 100% data coverage. This is a facts summary, not a recommendation to open an account.
This page answers “Is Happen Bank (formerly LendingClub) a good savings account?” using only data/finance_seed.json and VaultRubric's scored comparison (equal weights), as of 2026-10-12. “Good” here means how Happen Bank compares on sourced APY, fees, minimums, FDIC insurance and regulatory record — not personalized advice. Rates change; verify on the bank’s site.
Rate conditions on file: 4.20% LevelUp Rate requires $250+ in deposits each statement cycle; otherwise 3.00% Standard Rate. We rank only the standard APY; conditional or promo rates are shown for context and not used in scores.
| Fact | Value | As of / source |
|---|---|---|
| Official page | official site ↗ | verified 2026-10-12 |
| Standard APY | 3.0% | 2026-10-12 · official |
| Min balance for APY | $0 | 2026-10-10 |
| Monthly fee | $0 | 2026-10-11 |
| Deposit insurance | FDIC; Happen Bank, N.A. (formerly LendingClub Bank) (up to $250,000) | 2026-10-10 |
| Regulatory actions (5y) | 0 in the last 5 years on record | 2026-10-10 |
| VaultRubric score | 92.2% (coverage 100%) | methodology |
No CFPB enforcement actions in last 5 yrs found in CFPB database search. Other regulators (OCC/FDIC/state) not exhaustively checked
Highest standard APY in our numeric set as of the dates on each row: EverBank at 4.2%. Happen Bank is at 3.0% (#14 of 18). Full APY table: highest APY savings account.
Rates are variable. VaultRubric reports sourced facts and scores; it does not recommend opening or closing any account. Confirm APY, fees and terms on Happen Bank’s official page before acting.
Happen Bank (formerly LendingClub): 3.0% standard APY as of 2026-10-12 (#14 of 18 in our data), $0 minimum and $0 monthly fee in our data, deposits FDIC; Happen Bank, N.A. (formerly LendingClub Bank) up to $250,000, VaultRubric score 92.2% (100% coverage), no regulatory actions in our 5-year record. Facts only — not a recommendation.
In our sourced data, Happen Bank’s standard APY is 3.0% as of 2026-10-12 (https://www.happen.com/legal/deposits/levelup-savings-t-and-cs). Conditions on file: 4.20% LevelUp Rate requires $250+ in deposits each statement cycle; otherwise 3.00% Standard Rate. Rates change; verify on the bank’s site.
FDIC; Happen Bank, N.A. (formerly LendingClub Bank), up to $250,000 per depositor per ownership category.
Happen Bank scores 92.2% across high-yield savings options we track, with 100% data coverage (APY, minimums, fees, insurance, regulatory record). See /methodology and /compare/best-high-yield-savings-accounts.