Bank · FDIC insured
Happen Bank Carrot Score
Top CarrotA $12.5B bank, the 142nd largest of 4,207, headquartered in Lehi, UT, with 1 branch in Utah. It opens accounts online nationwide.
Happen Bank Carrot Score
Carrot ScoreTop Carrot
Higher than 98% of U.S. banks and credit unions
- CDs98
- Savings89
- Auto loansNot scored
- Credit cardsNot scored
Each bar is every U.S. bank and credit union, lowest score to highest. Choose a product to see its rates.
Where Happen Bank ranks
By Carrot score, in each area where it has branches
Scores run from 60 to 99; 90 and up means rates near the best in the country. Top Carrot marks a score of 87 or more, the top quarter of U.S. banks and credit unions. It’s about rates only, not safety, service or who can join.
By product
How each product scores
How its rates compare with every U.S. bank and credit union. Open a product to see them.
CDs
98top 1% nationally
| Term | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| 3-8 months | 4.40% | 99% | 3.50% | 3.82% | 4.05% |
| 9-15 months | 4.65% | 99% | 3.70% | 4.00% | 4.25% |
| 16-30 months | 4.76% | 100% | 3.35% | 3.85% | 4.20% |
| 31-60 months | 3.45% | 65% | 3.05% | 3.65% | 4.07% |
| Qualified | 4.76% | 99% | 3.85% | 4.15% | 4.35% |
Best rates 99.5 · all terms 93.4 → 97.0 → 98
Savings
89top 10% nationally
| Balance | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| $1,000 | 3.00% | 95% | 0.20% | 0.50% | 1.51% |
| $10,000 | 3.00% | 95% | 0.50% | 1.15% | 2.20% |
| $100,000 | 3.00% | 91% | 1.00% | 2.01% | 2.93% |
| Qualified | 4.20%counts as 3.60% | 97% | 0.60% | 1.31% | 2.43% |
Best rates 96.0 · all balances 94.6 → 87.0 → 89
Auto loans
Not scoredCredit cards
Not scoredWhere the score could improve
- CDs, 31-60 months3.65%3.45% today, higher than 65% of U.S. institutions. 3.65% would reach the top quarter; 4.07% the top 10%.
Scores update as rates change. Institutions can correct a rate we show; payment never changes a score.
Method
How the score works
- Each product gets a standingWe compare its CD, savings, auto loan and credit card rates with every bank and credit union in the U.S. and give each product a standing out of 100. Its best rates count the most. For loans and cards, lower rates rank higher.
- Its two best products set the scoreWe average its two strongest products. Each extra product it publishes adds 1.5 points, so sharing more rates can only help.
- Its rank puts it on the 60–99 scaleWe rank that number against every scored bank and credit union in the country to get a score from 60 to 99. The top quarter earn Top Carrot.
How Happen Bank got its score
Its products stand at 97.0 for CDs and 87.0 for savings, out of 100. Together they average 96.3. That puts it in the top 2% nationally: a Carrot Score of 96, a Top Carrot.
The fine print: inside each product, its best rates make up 60% of its standing and all its rates the rest. Its best rates are its two best CD terms, its $10,000 and Qualified savings or money market rates, the better of its new and used auto loan rates, and its credit card purchase rate. The Qualified rate is the best $10,000 rate you can get by opening another account or meeting monthly requirements (or the standard rate, if that’s higher). Rates that need monthly activity get half credit for the extra they pay, and rates that need a combined balance count only from that balance. We subtract monthly fees and count an intro rate at what it earns over a full year. Accounts for kids, students, seniors, businesses, IRAs and health savings aren’t scored.