As of August 22, 2024, High-Yield Savings will no longer be available to new customers.
Account Opening & Maintenance | |
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Minimum Opening Deposit | $100.00 |
Statement Cycle | Monthly |
Monthly Maintenance Fee | $0.00 |
ATM & DEBIT CARD FEES | |
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Happen Bank Fee to Use SUM or MoneyPass ATM (“In-Network ATMs”) | $0.00 |
Happen Bank Fee to Use Out-of-Network ATM | $0.00 |
INACTIVE/ZERO BALANCE ACCOUNTS
If your account remains inactive, meaning no customer-initiated transactions, for a period of 3 months and during that time your account reaches a zero balance and remains there, the Bank reserves the right to either keep the account open or close the account without further notice.
CHANGES IN NAME AND CONTACT INFORMATION
You are responsible for notifying us of any change in your name, address, or other information we use to communicate with you. We will attempt to communicate with you only by use of the most recent information you have provided to us. Account owners must have a primary U.S. address at all times in order to maintain a deposit account with Happen Bank.
How Interest is Earned on Your Account |
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Daily Balance Computation Method -- We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Your account earns interest on the entire account balance each day at the interest rate and annual percentage yield in effect for the appropriate balance tier. Accrued interest is credited to the balance in the account on the last business day of the statement cycle. We use a monthly statement cycle. Accrued interest that is credited to the balance in the account begins to earn interest no later than the next business day and compounds with each statement cycle. If you close your account before accrued interest, if any, is credited you will receive the accrued interest. |
The following chart shows the annual percentage yield (“APY”) and interest rate effective as of 08/01/2026. Interest rates and the annual percentage yield are variable and are subject to change at any time at the discretion of the bank. Rates may change prior to funding and any interest being earned. |
Balance to Earn Interest | Interest Rate | APY |
$0.00 - $24,999.99 | 3.25% | 3.30% |
$25,000 - $49,999.99 | 3.25% | 3.30% |
$50,000.00 - $99,999.99 | 3.25% | 3.30% |
$100,000 - $249,999.99 | 3.25% | 3.30% |
$250,000 or more | 3.25% | 3.30% |
Transaction Limits
Preferred | Elite | Reserve | |
|---|---|---|---|
Eligibility | Accounts that maintain an end of day Relationship Balance of >$2,000 for >7 consecutive calendar days6 | Accounts that maintain an end of day Relationship Balance of >$10,000 for >30 consecutive calendar days OR >$30,000 for >7 consecutive calendar days6 | Accounts that maintain an end of day Relationship Balance of >$50,000 for >60 consecutive calendar days OR >$150,000 for >7 consecutive calendar days6 |
Incoming External Transfers (ACH) (daily limit) | $250,000 | $250,000 | $250,000 |
Outgoing External Transfers (ACH) (daily limit) | $10,000 | $50,000 | $250,000 |
Mobile Deposit (daily limit) | $50,000 | $150,000 | $250,000 |
ATM Withdrawal (daily limit) | $500 | $1,000 | $2,000 |
6Relationship Balance is the combined balance of your Happen Bank deposit accounts.
For additional terms governing your account, please consult the Personal Deposit Account
Agreement.
Happen Bank, N.A., Member FDIC
Rev. Date 6/2026
