Chase Bank vs. Ivy Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of Chase Bank vs. Ivy Bank
Key Metrics at a Glance
| Feature | Chase Bank | Ivy Bank |
|---|---|---|
| Top Savings APY | 0.01% Chase Savings℠ | 4.25% High-Yield Savings Account |
| Minimum to Open | $0 | $2,500 |
| Minimum Balance for Top APY | $0 | $2,500 |
| Note | APY may vary by market. The maintenance fee may be waived under some circumstances, such as if the account balance is maintained with at least $300 each day, or you set up automatic transfers from a linked Chase account, etc. |
Chase Bank
Strengths
- Chase Bank has a higher App Store rating at 4.8.
- Chase Savings℠ has no minimum deposit requirement.
- Chase Bank's BBB rating is A-.
Potential Drawbacks
- Chase Savings℠ offers a low APY of 0.01%.
- Chase Bank charges a $5 maintenance fee unless waived.
Ivy Bank
Strengths
- Ivy Bank's High-Yield Savings Account offers a competitive APY of 4.25%.
- Ivy Bank has no maintenance fees.
Potential Drawbacks
- Ivy Bank requires a minimum deposit of $2,500.
- Ivy Bank's Google Play rating is lower at 3.5.
- Ivy Bank is not BBB Accredited despite an A- rating.
→ As of November 12, 2025 Chase Bank offers an APY of 0.01% for its Chase 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 $424 more than Chase Bank on a $10,000 balance after one year. Chase Bank pays $1, while Ivy Bank pays $425 - an APY advantage for Ivy Bank.
Calculate Savings Growth for Chase Bank vs Ivy Bank
Chase Bank - Chase Savings℠
Total savings breakdown:
- Interest earned: $5.7 (0.03%)
- Total contributions: $13,000 (72.20%)
- Initial deposit: $5,000 (27.77%)
Your total balance
$18,005.70
Total balance: $18,005.7
Earnings: $5.7
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, Chase Bank's total earnings would be $2,591.1 lower than Ivy Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Chase Bank's vs Ivy Bank's Savings Accounts
| Chase Bank | Ivy Bank | ||
|---|---|---|---|
| Product | Chase Savings℠ | vs | High-Yield Savings Account |
| APY | 0.01% (as of 11/12/2025) | 0.05% - 4.25% (as of 11/12/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | No | Yes | |
| Compound Frequency | Monthly | Daily | |
| Minimum Deposit | $0 | $2,500 | |
| Minimum Balance for APY | $0 | $2,500 | |
| Maintenance Fee | $5 | $0 | |
| Direct Deposit Required | No | No | |
| Eligibility | United States | Residents of California and U.S. Territories (except District of Columbia) are ineligible to apply. | |
| Note | APY may vary by market. The maintenance fee may be waived under some circumstances, such as if the account balance is maintained with at least $300 each day, or you set up automatic transfers from a linked Chase account, etc. | ||
| App Store Rating | 4.8/5 | 4.7/5 | |
| Google Play Rating | 4.6/5 | 3.5/5 | |
| BBB Rating | A- | A- |
No historical data available.