Please direct any additional tax questions to your financial or tax advisor. We do not provide tax, financial, or legal advice, nor is this information intended to be tax, financial, or legal advice. Happen Bank recommends that you consult your financial or tax advisor if you have additional questions.
Are there any tax implications for 2025 and beyond?
Last Updated June 22, 2026less than a minute read
Additional Program Closure FAQ
- What happened to my account?
- A Note to Our Investors
- What does this mean for my account?
- Is Happen Bank's retail investing program still active?
- Is the investor portal still available?
- Why is the Happen Bank Retail Notes program closing?
- Do I need to take any further action?
- Who can I contact if I have questions?
- Will I receive any additional payments?
- Can I still access my tax documents?
- Will I receive any additional payments, and what if I didn’t receive my funds?
- What happened to my loans?
Happen Bank Resources
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The best personal loan rate in 2026 isn't the one with the lowest advertised interest rate: it's the one with the lowest APR, which includes additional finance charges. APR (Annual Percentage Rate) is the only apples-to-apples comparison figure because it includes both the interest rate and any origination fee.
A credit card consolidation loan replaces multiple high-interest card balances with a single fixed-rate personal loan – one monthly payment, one interest rate, and a defined payoff date. For borrowers carrying balances at 21.39% APR or higher, the interest savings are often substantial1. The math works for the same term when your consolidation loan APR is lower than your current weighted average card APR and the fixed monthly payment fits your budget.
The best home improvement loan depends on two things: how much equity you have and how quickly you need the funds. Homeowners with significant equity can access lower starting rates through a Home Equity Line of Credit (HELOC) or home equity loan, but closing costs and appraisal fees may narrow that advantage on mid-size projects. An unsecured personal loan requires no equity, no appraisal, and can be funded in days1 – at a fixed rate that won't move over the life of the project. Happen Bank offers eligible applicants a 1% interest rate discount on personal loans used for home improvement.
Both a high-yield savings account (HYSA) and a certificate of deposit (CD) outperform a traditional savings account.
The unsecured personal loan market continues to hit record highs, and despite challenging macroeconomic conditions, shows few signs of slowing down.
Related Impact
Today, we are thrilled to announce the completion of our acquisition of Radius Bancorp, Inc. (“Radius”). In February 2020, we announced our intent to acquire Radius and shared how we can grow and deepen our customer relationships with a marketplace bank.
Related FAQ's
No. Happen Bank’s retail investing program has been fully discontinued.
No further action is required. The program has been fully closed.
No. All funds have already been distributed to investors via ACH or check.
All investor accounts were closed in stages throughout 2025. The closure process was fully completed by the end of 2025.
Tax documents (including 1099s) were issued and delivered for all applicable years through 2024
Related Glossary
{noun} A type of credit that allows the borrower to make charges and payments against a set borrowing limit, paying interest only on outstanding balances.
{noun} The amount of unpaid interest that has accumulated as of a specific date, either on a loan or an interest-bearing account or investment.
{noun} The total annual cost to borrow money, including fees, expressed as a percentage.
A debt that is written off as a loss because the financial institution or creditor believes it is no longer collectible due to a substantial period of nonpayment.
{noun} An interest rate that remains the same for a set time, usually for the life of the loan.
