Chase Bank vs. Ivy Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Chase BankChase Savings℠ Jan 7, 2026 | Ivy BankHigh-Yield Savings Account Jan 7, 2026 |
|---|---|---|
| APY | 0.01% | 0.05% - 4.10% |
Est. Earnings | $5,000+$1 $10,000+$1 $25,000+$3 | $5,000+$205 $10,000+$410 $25,000+$1,025 |
Min Deposit | $0 | $2,500 |
Snapshot view. Rates subject to change. | ||
Terms | 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. | - |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® 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 Chase Bank vs. Ivy Bank
As of Chase Bank offers an APY of 0.01% for its Chase Savings℠ account, with a minimum balance of $0, compared to Ivy Bank's 4.10% APY for its High-Yield Savings Account, with a minimum balance of $2,500.
Ivy Bank pays $409 more than Chase Bank on a $10,000 balance after one year. Chase Bank pays $1, while Ivy Bank pays $410 - an APY advantage for Ivy Bank.
Why Chase Bank?
- ✓No checking account or direct deposit required
- ✓Higher rated Android app (4.7 vs 3.5)
- ✓Fast transfers via Zelle® (up to $2,000 a day)
- ✓Available Nationwide
Why Ivy Bank?
- ✓Higher potential APY (4.10% vs 0.01%) 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 $1/yr).
Better Returns at $25,000
Ivy BankIvy Bank's High-Yield Savings Account pulls ahead with larger amounts (approx. $1025 vs $3/yr).
Best Mobile App Experience
Chase BankChase Bank offers an iOS app rated 4.8 (vs. 4.7) and Android app rated 4.7 (vs. 3.5)
Shared Benefits
Over a 1-year period, Ivy Bank's High-Yield Savings Account pays $409 more interest on a $10,000 balance than Chase Bank's Chase Savings℠.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Ivy Bank offers a High-Yield Savings Account with a competitive APY of 4.10%, significantly higher than Chase Bank's Chase Savings℠, which has an APY of only 0.01%. Ivy Bank's account is online-only and requires a minimum deposit and balance of $2,500, while Chase Bank has no minimum deposit requirement but charges a $5 maintenance fee that can be waived under certain conditions. Additionally, Ivy Bank's account is restricted to residents of California and U.S. Territories (excluding the District of Columbia). Overall, Ivy Bank provides a far superior return on savings compared to Chase Bank.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
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Top Market Contenders
Chase Bank vs. Ivy Bank Savings Calculator
You earn $409 more with Ivy Bank than Chase Bank 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.
Chase Bank
Chase Savings℠
Savings Breakdown
- Interest Earned+$1.00(0.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,001.00
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 | Chase Bank | Ivy Bank |
|---|---|---|
| APY | 0.01% Verified: 1/7/2026 Stable (90d) | 4.10% Range: 0.05% - 4.10% Verified: 1/7/2026 - |
| Product Name | Chase Savings℠ | High-Yield Savings Account |
| Minimum Deposit | $0 | $2,500 |
| Min. Balance for APY | $0 | $2,500 |
| Monthly Fee | $5 | $0 |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.8 Android4.7 | iOS4.7 Android3.5 |
| Zelle® Support | Available Limit: $2,000/dayBranded as Chase QuickPay; dynamic limits up to $10k. | Not Supported |
| BBB Rating | A- | A- |
| Important Notes | 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. | - |
| Next Steps | Visit SiteVerify at Chase Bank 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 | Chase Bank | Ivy Bank |
|---|---|---|
| Chase Savings℠ | High-Yield Savings Account | |
Current APY | 0.01% | 4.10% |
Trend | Stable | Stable |
Velocity (bps/mo) | -0.0 | -11.9 |
Days Since Change | 54 | 22 |
2-Month High | 0.01% | 4.25% |
2-Month Low | 0.01% | 4.10% |
Adjustments / Mo | 0.00 | 0.55 |
Volatility Score | 0.000 | 0.018 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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