Ivy Bank: Savings Account & Rates
Mission: Banksparency aims to make Ivy Bank's savings account transparent and comparable to the market.
Savings Overview
High-Yield Savings Account
| Min. Deposit | $2,500 |
| Min. Balance | $2,500 |
| Maintenance Fee | $0 |
Market Reality Check
This bank offers rates below the current top tier. The best rates we track are currently above 4.21% APY.
Bank Overview
- HQ LocationCambridge, Massachussetts
- Founded1834
- AffiliationIvy Bank is a digital banking division of Cambridge Savings Bank
- Ratings & Trust
- Zelle® SupportNo SupportStandard ACH or Wire transfers only.
- Deposit InsuranceFDIC Insured(Cert: 17870)
Our Take on Ivy Bank
The Good
- Competitive 4.10% APY
- No monthly maintenance fees
- Highly rated iOS app (4.7 stars)
Considerations
- High minimum balance ($2500) to earn APY
- No physical branch access (online only)
- Low-rated Android app (3.5 stars)
Ivy Bank offers a High-Yield Savings Account with a competitive 4.10% APY. This account does not have any fine print or direct deposit requirements, making it accessible for savers. However, it is tiered, meaning the high APY is only available with a minimum balance of $2,500. Customers will not incur monthly maintenance fees, but should note that there is no physical branch access as it operates online only. Additionally, the iOS app has a strong rating of 4.7 stars, while the Android app has a lower rating of 3.5 stars.
Top Market Contenders
Savings Account: In-Depth View
Savings Account Offered by Ivy Bank
| Feature | High-Yield Savings Account |
|---|---|
APY | 4.10%Range: 0.05% - 4.10%Verified: 1/6/2026 |
APY Trend | Rate Adjusted -0.15% Since 30 days ago |
Min. Deposit | $2,500 |
Min. Balance | $2,500 |
Monthly Fee | $0 |
Direct Deposit | None |
Checking Bundle | No |
Branch Access | None |
Compounding | Daily |
FDIC Insured | Yes |
Eligibility | Residents of California and U.S. Territories (except District of Columbia) are ineligible to apply. |
| Next Steps | - |
Calculate Savings for Ivy Bank
Savings Breakdown
- Interest Earned+$1,943.10(11.1%)
- Total Contributions$13,000
- Initial Deposit$2,500
Projected Balance
$17,443.10
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Ivy Bank Savings Rates Over Time
Historical APY Insights
Last 2 Months| Metric | High-Yield Savings Account |
|---|---|
Latest APY | 4.10% |
Trend | Falling |
Slope (bps/mo) | -11.8 |
Rate Changes / Mo | 0.56 |
Days Since Last Change | 21 |
High (-2m) | 4.25% |
Low (-2m) | 4.10% |
Draw-down | -3.5% |
Volatility (CV) | 0.018 |
How to read these metrics▼
Trends & Velocity
- Trend
- The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
- Slope (bps/mo)
- Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
- Rate Changes / Mo
- "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.
Risk & Range
- High/Low
- The absolute ceiling and floor of the rate during the 54-day window.
- Volatility Score
- Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
- Days Since Change
- If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.
Why track this? Understanding volatility helps you avoid "bait-and-switch" rates. A steady, rising slope is ideal; high volatility often signals a temporary teaser rate.
Compare with Ivy Bank
| Feature | Current View Ivy Bank | Empty Slot |
|---|---|---|
| Product | High-Yield Savings Account | - |
APY | 0.05% - 4.10%Verified: 1/6/2026 | - |
APY Trend | Rate Adjusted -0.15% Since 30 days ago | - |
| Min. Deposit | $2,500 | - |
| Monthly Fee | $0 | - |
Direct Deposit | No | - |
Checking Bundle | No | - |
| Branch Access | None | - |
| Eligibility | Residents of California and U.S. Territories (except District of Columbia) are ineligible to apply. | - |
Compounding | Daily | - |
FDIC Insured | Yes | - |
| Next Steps | - | - |
Bank-to-Bank Comparisons
Compare Ivy Bank's APY of 4.10% with other banks
Alternatives to Ivy Bank
Banks with Higher/Similar Savings APY
For a top list of the highest savings rates, see all HYSA top rates
LendingClub
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Varo Bank
High-Yield Savings Account: 5.00% APY
Bundled Savings & Checking Account
Minimum Deposit: $0
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Direct Deposit: Min. $1,000/month