Fnbo Direct vs. Ivy Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of FNBO Direct vs. Ivy Bank
Key Metrics at a Glance
| Feature | FNBO Direct | Ivy Bank |
|---|---|---|
| Top Savings APY | 3.00% High-Yield Online Savings Account | 4.25% High-Yield Savings Account |
| Minimum to Open | $1 | $2,500 |
| Minimum Balance for Top APY | $0.01 | $2,500 |
FNBO Direct
Strengths
- FNBO Direct offers a competitive APY of 3.00%.
- No minimum balance requirement for the High-Yield Online Savings Account.
- FNBO Direct has a higher App Store rating of 4.5.
Potential Drawbacks
- FNBO Direct has no BBB rating, which may raise trust concerns.
- The current APY is lower than Ivy Bank's 4.25%.
- FNBO Direct does not have branches for in-person banking.
Ivy Bank
Strengths
- Ivy Bank provides a higher APY of 4.25% for its High-Yield Savings Account.
- Ivy Bank has an A- BBB rating, indicating better trustworthiness.
- Ivy Bank has a higher App Store rating of 4.7.
Potential Drawbacks
- Ivy Bank requires a minimum deposit and balance of $2,500.
- Ivy Bank's Google Play rating is lower at 3.5.
- Ivy Bank does not have branches for in-person banking.
→ As of November 12, 2025 FNBO Direct offers an APY of 3.00% for its High-Yield Online Savings Account, with a minimum balance of $0.01, compared to Ivy Bank's 4.25% APY for its High-Yield Savings Account, with a minimum balance of $2,500.
→ Ivy Bank yields $125 more than FNBO Direct on a $10,000 balance after one year. FNBO Direct pays $300, while Ivy Bank pays $425 - an APY advantage for Ivy Bank.
Calculate Savings Growth for FNBO Direct vs Ivy Bank
FNBO Direct - High-Yield Online Savings Account
Total savings breakdown:
- Interest earned: $1,798.2 (9.08%)
- Total contributions: $13,000 (65.66%)
- Initial deposit: $5,000 (25.25%)
Your total balance
$19,798.20
Total balance: $19,798.2
Earnings: $1,798.2
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, FNBO Direct's total earnings would be $798.6 lower than Ivy Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare FNBO Direct's vs Ivy Bank's Savings Accounts
| FNBO Direct | Ivy Bank | ||
|---|---|---|---|
| Product | High-Yield Online Savings Account | vs | High-Yield Savings Account |
| APY | 3.00% (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 | $1 | $2,500 | |
| Minimum Balance for APY | $0.01 | $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 | 4.5/5 | 4.7/5 | |
| Google Play Rating | 4.8/5 | 3.5/5 | |
| BBB Rating | Not Rated | A- |
No historical data available.