Ivy Bank: Savings Account & Rates

Updated: 2/20/2026

Mission: Banksparency aims to make Ivy Bank's savings account transparent and comparable to the market.

Interest rates reported as APY

Analysis of Ivy Bank

Our verdict

Ivy Bank offers a high-yield savings account paying 3.85% APY with a $2,500 minimum deposit. To earn the full 3.85% APY, a minimum balance of $2,500 is required — below that, the rate drops to as low as 0.05% APY.

At 3.85% APY, Ivy Bank pays 10x the national average (0.39%). Ranks in the top tier of 99+ accounts tracked.

Ideal User Profile

Best for: simple saving without extra requirements and banking without needing a branch.

Important Considerations

Android app rating is not available.

Key Differentiators

Stands out with top-rated iOS app (4.7).

Savings Overview

High-Yield Savings Account

3.85% APY

Tiered Range: 0.05% - 3.85%

7 days

↘︎ 0.15%

90 days

↘︎ 0.40%

Min: $2,500 Online Only

Min. Deposit	$2,500
Min. Balance	$2,500
Maintenance Fee	$0

Rank #31 of 99 tracked.

Market Reality Check

This bank offers rates below the current top tier. The best rates we track are currently above 4.15% APY.

See Top Rates

National Avg: 0.39% (FDIC, 1/1/2026).
Banksparency tracks live rates daily.

Bank Overview

HQ LocationCambridge, Massachussetts
Founded1834
AffiliationIvy Bank is a digital banking division of Cambridge Savings Bank
Ratings & Trust
4.7iOS N/AAndroid A-BBB Not BBB Accredited
Zelle® SupportNo Support
Standard ACH or Wire transfers only.
Deposit InsuranceFDIC Insured(Cert: 17870)

Visit Official Website

Featured Offers

Axos ONE - High Yield Savings & Checking

Over 95,000 fee-free ATMs
Get paid up to 2 days early with Direct Deposit
One convenient app for spending & saving

FDIC Insured

Savings4.21%APY

Checking0.51%APY

Go to Axos Bank

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$0
Min. Balance in Savings Account	$0
How to qualify for APY	OPTION ADirect Deposit $1,500+ AND Maintain $1,500+ avg daily checking balance. OR OPTION BDeposit $5,000+ total/mo AND Maintain $5,000+ avg daily checking balance.
Mobile Ratings	iOS:4.7 Android:4.6

The 4.21% APY is available with the Axos ONE savings and checking bundle. The checking account earns 0.51% APY. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of more than $1,500 in your ONE Checking account, or receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000.

PREMIUM ACCOUNT, GENEROUS BONUS

SponsoredVerified Feb 20, 2026

FDIC Insured

CIT Bank - Platinum Savings

Competitive APY - with a balance of $5,000+
Earn up to $300 bonus with qualifying deposit
Highly rated mobile apps

FDIC Insured

Savings3.75%APY

Up to$300Bonus

Go to CIT Bank

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$100
Min. Balance in Savings Account	$5,000
Mobile Ratings	iOS:4.8 Android:4.7

This is a tiered savings account, where the 3.75% APY requires meeting the $5,000 balance requirement. Lower balances earn an APY of 0.25%.

EASY TRANSFERS, LOW MINIMUMS

SponsoredVerified Feb 20, 2026

FDIC Insured

Quontic High Yield Savings

Apply in 3 minutes or less
No monthly service fees
Transfer with Zelle, Apple Pay, G-Pay, and more

FDIC Insured

Savings3.50%APY

Go to Quontic Bank

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$100
Min. Balance in Savings Account	$0
Mobile Ratings	iOS:4.8 Android:4.8

Top Market Contenders

Barclays

3.85% APY

vs. Ivy Bank

SoFi Bank

4.00% APY

vs. Ivy Bank

Synchrony Bank

3.50% APY

vs. Ivy Bank

Popular Peer Comparisons

Ally Bank vs Capital One Axos Bank vs Capital One SoFi Bank vs Varo Bank CIT Bank vs EverBank American Express vs Capital One Ally Bank vs Marcus by Goldman Sachs

Savings Account: In-Depth View

Savings Account Offered by Ivy Bank

Feature	High-Yield Savings Account
APY	3.85%Range: 0.05% - 3.85%Verified: 2/20/2026
APY Trend	7 days ↘︎ 0.15% 90 days ↘︎ 0.40%
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

All calculations are based on APY.

Selected Product

High-Yield Savings Account0.05% - 3.85% APY

Initial Deposit

Recurring Deposit

Frequency

Duration

Savings Breakdown

Interest Earned
+$1,818.20(10.5%)
Total Contributions
$13,000
Initial Deposit
$2,500

Projected Balance

$17,318.20

Effective APY

3.85%

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 3 Months

Metric	High-Yield Savings Account
Latest APY	3.85%
Trend	Falling
Slope (bps/mo)	-11.0
Rate Changes / Mo	0.91
Days Since Last Change	2
High (-3m)	4.25%
Low (-3m)	3.85%
Draw-down	-9.4%
Volatility (CV)	0.027

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 99-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% - 3.85%Verified: 2/20/2026	-
APY Trend	7 days ↘︎ 0.15% 90 days ↘︎ 0.40%	-
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 3.85% with other banks

Bank Pair	Competitor APY	Min Deposit
Ivy Bank vs Ally Bank	3.20%	$0
Ivy Bank vs American Express	3.30%	$0
Ivy Bank vs Axos Bank	4.21%	$0
Ivy Bank vs Bank of America	0.01%	$100
Ivy Bank vs Barclays	3.85%	$0
Ivy Bank vs Capital One	3.30%	$0
Ivy Bank vs Chase Bank	0.01%	$0
Ivy Bank vs Chime	3.00%	$0
Ivy Bank vs CIT Bank	3.75%	$100
Ivy Bank vs Citibank	3.20%	$0
Ivy Bank vs Discover Bank	3.30%	$0
Ivy Bank vs EverBank	3.90%	$0
Ivy Bank vs Marcus by Goldman Sachs	3.65%	$0
Ivy Bank vs Newtek Bank	4.20%	$0.01
Ivy Bank vs Openbank	4.09%	$500
Ivy Bank vs Pibank	4.60%	$0
Ivy Bank vs SoFi Bank	4.00%	$0
Ivy Bank vs Synchrony Bank	3.50%	$0
Ivy Bank vs Varo Bank	5.00%	$0
Ivy Bank vs Wealthfront	3.95%	$0
Ivy Bank vs Wells Fargo	0.05%	$25