Happen (formerly LendingClub) LevelUp High-Yield Savings Account Review
Happen (formerly LendingClub) LevelUp High-Yield Savings Account isn't available on Finder right now.
- Annual Percentage Yield (APY)
- Up to
4.00%
- Fee
- $0
- Minimum deposit to open
- $0
Our verdict
This account offers up to 4.00% APY, but there are some deposit requirements to get that rate.
With a 4% APY with monthly deposits of at least $250, this account is a top option. The LevelUp High-Yield Savings account also offers an ATM card with no fees within its extensive network of over 37,000 ATMs. But with no physical branches, you'll need to manage your funds and any customer service digitally, and if you don't meet deposit requirements, the rate on your account is 3% APY (but that's still a great rate).
Best for: Those who want a high-yield savings account with a competitive APY.
Pros
-
Up to 4% APY
-
No monthly fees
-
No minimum balance requirement
-
Optional ATM card
Cons
-
No physical branch locations
-
Direct deposit required for best rate
LendingClub changed its name
LendingClub is now Happen Bank. And the LendingClub High-Yield Savings Account is now called the LevelUp High-Yield Savings Account.
What we like about the LevelUp High-Yield Savings Account
First, this account is FDIC-insured up to the typical $250,000 limit.
If you’re comfortable handling your finances digitally and don’t mind the absence of physical branches, this account offers the convenience and growth potential you’re looking for.
Now, onto the other parts of this account we appreciate.
High rate with direct deposit
This account offers a competitive 4% APY with no service fees. This rate is significantly higher than the national average of 0.38%, according to the FDIC. (1)
To get the best rate on this account, called the LevelUp rate of 4% APY, you must deposit at least $250 per month.
If you don’t meet those deposit requirements, your rate drops to the standard rate of 3.00% APY.
Minimal fees and free ATM card
You won’t pay monthly service, ATM or transfer fees. It’s common for other savings accounts to charge anywhere from $5 to $25 per month just to keep the account open.
And unlike most savings accounts, this one comes with an optional ATM card, so you can easily access your cash. Happen Bank also features a decent, fee-free network of 37,000 ATMs with the MoneyPass and SUM networks.
What could be better
There’s the $250 monthly deposit requirement to consider if you want the LevelUp rate of 4% APY.
And if you’re not comfortable with digital banking, you might want to compare other high-yield savings accounts with physical branches.
Compare Happen (formerly LendingClub) high-yield savings to other accounts
Narrow down top savings accounts by APYs, fees, and features. Select Compare on up to four accounts for a side-by-side comparison.
We currently don't have that product, but here are others to consider:
How we picked theseWhat is the Finder Score?
The Finder Score crunches over 250 savings accounts from hundreds of financial institutions. It takes into account the product's interest rate, fees, opening deposit and features - this gives you a simple score out of 10.
To provide a Score, Finder’s banking experts analyze hundreds of savings accounts against FDIC-reported national averages as a baseline. Accounts with rates well over the national average are scored the highest, while accounts with rates well below are scored low.
Customer reviews and ratings
| BBB accredited | Yes |
|---|---|
| BBB rating | A+ |
| BBB customer reviews | 4.06 out of 5 stars, based on 605 customer reviews |
| Trustpilot score | 4.7 out of 5 stars, based on 14,330 customer reviews |
| Customer reviews verified as of | 14 August 2026 |
Happen Bank, which used to be LendingClub, is accredited by Better Business Bureau (BBB) with an A+ rating. Overall, the bank has fantastic reviews on both the BBB and Trustpilot. BBB reviews consist of customers saying they’re very happy with loans from the bank, praising the simple application processes, many point out that they’re glad they can pick a loan due date, fast fund deliveries and just a smooth process overall.
Granted, most of the reviews are about lending, but these positive reviews are still very telling about the bank as a whole.
On Trustpilot, the positive reviews continue to flow. Happen Bank has a great star rating backed by over 14,000 reviews, with most customers giving it a 5-star rating. Customers often applaud the attractive interest rates on savings, as well as the high interest rates on checking.
Frequently asked questions
Savings account ratings
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We analyze top savings accounts and rate them one to five stars based on factors that are most important to you. These factors include: interest rates, monthly fees, minimum deposits, customer service and account features.
Frequently asked questions
Sources
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Gabriel Finder
Writer
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