The LevelUp Rate is the rate you’ll earn if you make at least $250 in cumulative deposits during the previous statement cycle, known as the "Evaluation Period". If you don’t meet the $250 deposit threshold, you’ll earn the Standard Rate the following month. Account terms, current interest rates, and APYs can be found in your Product Terms and Conditions.
How do I earn a LevelUp Rate?
Additional Product Features FAQ
- How does early direct deposit work?
- Do I need to make deposits prior to the First Evaluation Period?
- Can I make multiple deposits in a month to meet the requirement?
- What is the Evaluation Period?
- Can I withdraw funds from my CD early and are there penalties if I do?
- What happens if I miss the deposit requirement for a month?
- What types of deposits qualify for the LevelUp Rate?
- When is the First Evaluation Period for a new LevelUp Savings Account?
- What is a LevelUp Savings Account?
- How does my savings or CD account earn interest?
- Can I transfer money out of my LevelUp Savings account during the month?
- What is the minimum balance to keep in my savings or CD account?
- What is a CD and how does it work?
- What happens when my CD matures?
- Can I set up recurring deposits to ensure I always make a deposit?
- Is there a minimum amount required for a deposit?
- What if I don't want to renew my CD?
- Is LevelUp Savings only for new members?
- How do I activate a new ATM/Debit card?
- Can I add additional funds to my CD?
- Are there any fees for my savings account?
Happen Bank Resources
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Related FAQ's
No, you don’t need to make deposits during the first two statement cycles to earn the LevelUp Rate. This gives you time to set up any recurring monthly deposits.
Yes, you can make multiple deposits during the Evaluation Period to meet the minimum deposit of at least $250 to earn the LevelUp Rate.
The Evaluation Period for your LevelUp Savings account refers to the previous month’s statement cycle.
Any early CD withdrawals made outside the 10-day grace period following the maturity date may be subject to an early withdrawal penalty.
When you set up direct deposit into your Happen Bank savings account, we make your funds available as soon as we receive notification from the depositor when funds will be available.
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.
