American Express vs. Ivy Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of American Express vs. Ivy Bank
Key Metrics at a Glance
| Feature | American Express | Ivy Bank |
|---|---|---|
| Top Savings APY | 3.50% High Yield Savings Account | 4.25% High-Yield Savings Account |
| Minimum to Open | $0 | $2,500 |
| Minimum Balance for Top APY | $0 | $2,500 |
American Express
Strengths
- American Express offers a High Yield Savings Account with a competitive APY of 3.50%.
- No minimum deposit or balance requirements for American Express's savings account.
- American Express has a higher App Store rating of 4.9 compared to Ivy Bank.
Potential Drawbacks
- American Express has a BBB rating of F, indicating trust issues.
- American Express does not offer a higher APY than Ivy Bank's 4.25%.
- American Express has no branches, limiting in-person service options.
Ivy Bank
Strengths
- Ivy Bank provides a higher APY of 4.25% for its High-Yield Savings Account.
- Ivy Bank has a strong BBB rating of A-, indicating better trustworthiness.
- Ivy Bank's maintenance fee is $0, similar to American Express.
Potential Drawbacks
- Ivy Bank requires a minimum deposit and balance of $2,500.
- Ivy Bank has a lower App Store rating of 4.7 compared to American Express.
- Ivy Bank has no branches, limiting in-person service options.
→ As of November 12, 2025 American Express offers an APY of 3.50% for its High Yield Savings Account, with a minimum balance of $0, compared to Ivy Bank's 4.25% APY for its High-Yield Savings Account, with a minimum balance of $2,500.
→ Ivy Bank yields $75 more than American Express on a $10,000 balance after one year. American Express pays $350, while Ivy Bank pays $425 - an APY advantage for Ivy Bank.
Calculate Savings Growth for American Express vs Ivy Bank
American Express - High Yield Savings Account
Total savings breakdown:
- Interest earned: $2,114.1 (10.51%)
- Total contributions: $13,000 (64.63%)
- Initial deposit: $5,000 (24.86%)
Your total balance
$20,114.10
Total balance: $20,114.1
Earnings: $2,114.1
Bank OverviewIvy Bank - High-Yield Savings Account
Total savings breakdown:
- Interest earned: $2,596.8 (12.61%)
- Total contributions: $13,000 (63.12%)
- Initial deposit: $5,000 (24.28%)
Your total balance
$20,596.80
Total balance: $20,596.8
Earnings: $2,596.8
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, American Express's total earnings would be $482.7 lower than Ivy Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare American Express' vs Ivy Bank's Savings Accounts
| American Express | Ivy Bank | ||
|---|---|---|---|
| Product | High Yield Savings Account | vs | High-Yield Savings Account |
| APY | 3.50% (as of 11/12/2025) | 0.05% - 4.25% (as of 11/12/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $0 | $2,500 | |
| Minimum Balance for APY | $0 | $2,500 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No | |
| Eligibility | United States | Residents of California and U.S. Territories (except District of Columbia) are ineligible to apply. | |
| App Store Rating | 4.9/5 | 4.7/5 | |
| Google Play Rating | 3.6/5 | 3.5/5 | |
| BBB Rating | F | A- |
No historical data available.