Bask Bank vs. Ivy Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of Bask Bank vs. Ivy Bank
Key Metrics at a Glance
| Feature | Bask Bank | Ivy Bank |
|---|---|---|
| Top Savings APY | 3.90% Interest Savings Account | 4.25% High-Yield Savings Account |
| Minimum to Open | $0 | $2,500 |
| Minimum Balance for Top APY | $0 | $2,500 |
Bask Bank
Strengths
- Bask Bank offers a competitive APY of 3.90%, though it decreased from 4.05% last month.
- No minimum deposit or balance requirements for the Interest Savings Account.
- Bask Bank has a higher App Store rating of 4.7 compared to Ivy Bank's 4.7.
Potential Drawbacks
- Bask Bank has a BBB rating of B and is not BBB accredited.
- The Interest Savings Account has no direct deposit option.
- Bask Bank's Google Play rating is lower at 4.5 compared to Ivy Bank's 3.5.
Ivy Bank
Strengths
- Ivy Bank's High-Yield Savings Account offers a higher APY of 4.25%.
- Ivy Bank has a better BBB rating of A-.
- Ivy Bank's High-Yield Savings Account has no maintenance fees.
Potential Drawbacks
- Ivy Bank requires a minimum deposit and balance of $2,500.
- Ivy Bank's Google Play rating is lower at 3.5 compared to Bask Bank's 4.5.
- The High-Yield Savings Account has a lower APY of 0.05% under certain conditions.
→ As of November 12, 2025 Bask Bank offers an APY of 3.90% for its Interest 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 $35 more than Bask Bank on a $10,000 balance after one year. Bask Bank pays $390, while Ivy Bank pays $425 - an APY advantage for Ivy Bank.
Calculate Savings Growth for Bask Bank vs Ivy Bank
Bask Bank - Interest Savings Account
Total savings breakdown:
- Interest earned: $2,370.2 (11.64%)
- Total contributions: $13,000 (63.82%)
- Initial deposit: $5,000 (24.55%)
Your total balance
$20,370.20
Total balance: $20,370.2
Earnings: $2,370.2
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, Bask Bank's total earnings would be $226.6 lower than Ivy Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Bask Bank's vs Ivy Bank's Savings Accounts
| Bask Bank | Ivy Bank | ||
|---|---|---|---|
| Product | Interest Savings Account | vs | High-Yield Savings Account |
| APY | 3.90% (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 | 4.7/5 | 4.7/5 | |
| Google Play Rating | 4.5/5 | 3.5/5 | |
| BBB Rating | B | A- |
No historical data available.