If you miss the deposit requirement during a statement cycle, you’ll earn the Standard Rate for the following statement cycle. You'll start earning the LevelUp Rate again in the next statement cycle by making at least $250 in deposits in the current cycle.
What happens if I miss the deposit requirement for a month?
Last Updated July 14, 2026less than a minute read
Additional Product Features FAQ
- How Do I Activate a New Debit Card?
- What is the Evaluation Period?
- Do I need to make deposits prior to the First Evaluation Period?
- Can I set up recurring deposits to ensure I always make a deposit?
- Is there a minimum amount required for a deposit?
- What happens when my CD matures?
- Can I transfer money out of my LevelUp Savings account during the month?
- Can I make multiple deposits in a month to meet the requirement?
- Can I withdraw funds from my CD early and are there penalties if I do?
- What is a CD and how does it work?
- 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?
- What is the minimum balance to keep in my savings or CD account?
- How does my savings or CD account earn interest?
- What if I don't want to renew my CD?
- How does early direct deposit work?
- How do I earn a LevelUp Rate?
- Is LevelUp Savings only for new members?
- Can I add additional funds to my CD?
- Are there any fees for my savings account?
Happen Bank Resources
Related Articles
Refinancing a personal loan can save you money or cost you more than you realize. Here are a few potential mistakes that can trip borrowers up, and how to avoid them.
A lower APR and a longer term can reduce monthly personal loan payments. Here’s how each works.
Refinancing a personal loan can potentially lower your rate or monthly payment, but timing matters. Here’s how to know when it makes sense and when it doesn’t.
Personal loan limits vary by lender and borrower profile. Here’s what determines your maximum loan amount and what to consider before you apply.
Debt consolidation savings depend on the gap between what you pay now and the APR on a consolidation loan. Here’s the principle, the formula, and how to run it for your situation.
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
The Evaluation Period for your LevelUp Savings account refers to the previous month’s statement cycle.
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.
You can set up a Direct Deposit or a recurring ACH transfer to ensure you always make the minimum deposit required to earn the LevelUp Rate.
There’s no minimum amount required for a deposit; however, to qualify for the LevelUp Rate, cumulative deposits must total at least $250 during the Evaluation Period.
We’ll email you a maturity notice at least 30 days before your CD matures.
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.
