What is the minimum balance to keep in my savings or CD account?

While you may need to meet a minimum opening deposit for your savings account, there is no minimum balance requirement to maintain your account. However, if your account remains inactive (meaning there are no customer-initiated transactions) for a period of 3 months and, during that time, your account reaches a zero balance and remains there, we reserve the right to either keep the account open or close the account without further notice.

While certificates of deposit (CDs) have a fixed amount that you add when applying, you must maintain a minimum balance of $500 on your CD when taking early withdrawals.

Additional Product Features FAQ

Happen Bank Resources

Small Personal Loans: How to Borrow $1,000–$5,000 Without Overpaying

Borrowing $1,500 is often harder – and more expensive per dollar – than borrowing $15,000. Many banks don't offer small personal loans, and the products that fill the gap can cost several times more. Happen Bank personal loans start at $1,000 with APRs from 6.53% to 35.99%.1 Check your rate in seconds with no impact to your credit score.2,4

Personal Loan

Jul 29, 2026

7 min read

woman holding open her wallet full of credit cards

Personal Loans for Bad Credit: What Are Your Real Options?

"Bad credit" is a range, not a verdict. A borrower with a credit score of 620 has meaningfully different options than one with a credit score of 520 – and a personal loan from a bank can still be an option for many borrowers in the fair credit range (580–669). Before you decide anything, check your rate in seconds with no impact to your credit score.1,4 If you're not yet in the qualifying range, credit monitoring tools can help you track the progress that matters most.

Personal Loan

Jul 29, 2026

8 min read

Online Personal Loans: How They Work and What to Expect

A personal loan typically has a fixed APR, fixed term, and fixed monthly payment. The application, verification, and funding increasingly happen digitally – without branch visits or paper forms.

Personal Loan

Jul 22, 2026

6 min read

Low-APR personal loans: How to qualify and where to find them

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.

Personal Loan

Jul 22, 2026

8 min read

Emergency Loans: How to Get Cash Fast When You Need It

Your car won't start on a Monday morning. The repair estimate is $1,400, and your next paycheck isn't until Friday. The question isn't whether you need money fast – it's which option gets it to you at the most efficient cost.

Personal Loan

Jul 22, 2026

8 min read

A woman on the side of the road with a car, looking under the hood. Cover unexpected emergencies with a personal loan.

Related Impact

It's Official—Radius Joins Happen Bank!

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.

Company News

Jan 30, 2021

2 min read

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.

Savings Accounts and CDs FAQ

Dec 31, 1969

less than a minute read

Can I make multiple deposits in a month to meet the requirement?

Yes, you can make multiple deposits during the Evaluation Period to meet the minimum deposit of at least $250 to earn the LevelUp Rate.

Savings Accounts and CDs FAQ

Dec 31, 1969

less than a minute read

What is the Evaluation Period?

The Evaluation Period for your LevelUp Savings account refers to the previous month’s statement cycle.

Savings Accounts and CDs FAQ

Dec 31, 1969

less than a minute read

Can I withdraw funds from my CD early and are there penalties if I do?

Any early CD withdrawals made outside the 10-day grace period following the maturity date may be subject to an early withdrawal penalty.

Savings Accounts and CDs FAQ

Dec 31, 1969

less than a minute read

How does early direct deposit work?

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.

Savings Accounts and CDs FAQ

Dec 31, 1969

less than a minute read

Related Glossary

Revolving Credit

{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.

R Letter Term

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Accrued Interest

{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.

A Letter Term

Mar 21, 2023

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Annual Percentage Rate (APR)

{noun} The total annual cost to borrow money, including fees, expressed as a percentage.

A Letter Term

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Charge-Off

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.

C Letter Term

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Fixed Interest Rate

{noun} An interest rate that remains the same for a set time, usually for the life of the loan.

F Letter Term

Feb 4, 2023

3 min read