American Express vs. Ivy Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | American ExpressHigh Yield Savings Account Jan 7, 2026 | Ivy BankHigh-Yield Savings Account Jan 7, 2026 |
|---|---|---|
| APY | 3.30% | 0.05% - 4.10% |
Est. Earnings | $5,000+$165 $10,000+$330 $25,000+$825 | $5,000+$205 $10,000+$410 $25,000+$1,025 |
Min Deposit | $0 | $2,500 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppZelle® Supported | FDIC InsuredMod. MinimumGreat iOS App |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.21% APY.
Comparison Analysis
Comparing American Express vs. Ivy Bank
As of American Express offers an APY of 3.30% for its High Yield Savings Account, with a minimum balance of $0, compared to Ivy Bank's 4.10% APY for its High-Yield Savings Account, with a minimum balance of $2,500.
Ivy Bank pays $80 more than American Express on a $10,000 balance after one year. American Express pays $330, while Ivy Bank pays $410 - an APY advantage for Ivy Bank.
Why American Express?
- ✓No checking account or direct deposit required
- ✓Fast transfers via Zelle®
- ✓Available Nationwide
Why Ivy Bank?
- ✓Higher potential APY (4.10% vs 3.30%) on all balances
— Key Feature Differences —
Better Returns at $10,000
Ivy BankIvy Bank's High-Yield Savings Account earns more on smaller deposits (approx. $410 vs $330/yr).
Better Returns at $25,000
Ivy BankIvy Bank's High-Yield Savings Account pulls ahead with larger amounts (approx. $1025 vs $825/yr).
Best for Simplicity
American ExpressAmerican Express's High Yield Savings Account offers 3.30% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Ivy Bank's High-Yield Savings Account pays $80 more interest on a $10,000 balance than American Express's High Yield Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Ivy Bank's High-Yield Savings Account stands out with a competitive APY of 4.10%, significantly higher than American Express's offering of 3.30%. Both accounts are online-only and have no maintenance fees or direct deposit requirements. However, Ivy Bank requires a minimum deposit and balance of $2,500, and eligibility is limited to residents outside of California and U.S. Territories (except the District of Columbia). In contrast, American Express has no minimum deposit requirements, making it a simpler option for savers. Overall, for those who meet Ivy Bank's eligibility and deposit requirements, it offers a superior yield.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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Top Market Contenders
American Express vs. Ivy Bank Savings Calculator
You earn $80 more with Ivy Bank than American Express on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
American Express
High Yield Savings Account
Savings Breakdown
- Interest Earned+$330.00(3.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,330.00
Ivy Bank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$410.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,410.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | American Express | Ivy Bank |
|---|---|---|
| APY | 3.30% Verified: 1/7/2026 ↘︎ 0.20%90d Change | 4.10% Range: 0.05% - 4.10% Verified: 1/7/2026 - |
| Product Name | High Yield Savings Account | High-Yield Savings Account |
| Minimum Deposit | $0 | $2,500 |
| Min. Balance for APY | $0 | $2,500 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.9 Android3.6 | iOS4.7 Android3.5 |
| Zelle® Support | Available Requires Amex Rewards Checking; not available for standalone HYSA. | Not Supported |
| BBB Rating | F | A- |
| Next Steps | Visit SiteVerify at American Express Non-sponsored link to official site | Visit SiteVerify at Ivy Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | American Express | Ivy Bank |
|---|---|---|
| High Yield Savings Account | High-Yield Savings Account | |
Current APY | 3.30% | 4.10% |
Trend | Stable | Stable |
Velocity (bps/mo) | -10.0 | -11.7 |
Days Since Change | 8 | 22 |
2-Month High | 3.50% | 4.25% |
2-Month Low | 3.30% | 4.10% |
Adjustments / Mo | 1.09 | 0.55 |
Volatility Score | 0.018 | 0.018 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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