Ivy Bank vs. MutualOne Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Ivy BankHigh-Yield Savings Account Jan 7, 2026 | MutualOne BankMo Premium Savings Jan 7, 2026 |
|---|---|---|
| APY | 0.05% - 4.10% | 4.07% |
Est. Earnings | $5,000+$205 $10,000+$410 $25,000+$1,025 | $5,000+$0 $10,000+$0 $25,000+$1,018 |
Min Deposit | $2,500 | $20,000 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredMod. MinimumGreat iOS App | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppIn-Person AccessZelle® Supported |
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 Ivy Bank vs. MutualOne Bank
As of Ivy Bank offers an APY of 4.10% for its High-Yield Savings Account, with a minimum balance of $2,500, compared to MutualOne Bank's 4.07% APY for its Mo Premium Savings account, with a minimum balance of $20,000.
Ivy Bank pays $3 more than MutualOne Bank on a $10,000 balance after one year. Ivy Bank pays $410, while MutualOne Bank pays $407 - an APY advantage for Ivy Bank.
In addition, MutualOne Bank also offers 0.40% APY for the Online Savings account, with a minimum balance of 0.
Why Ivy Bank?
No distinct advantages found vs MutualOne Bank.
Why MutualOne Bank?
- ✓No checking account or direct deposit required
- ✓Physical branch access (Full-service banking offices in Framingham, MA, and Natick, MA)
- ✓Higher rated Android app (4.4 vs 3.5)
- ✓Fast transfers via Zelle®
- ✓Available Nationwide
— Key Feature Differences —
Better Returns at $10,000
Ivy BankIvy Bank's High-Yield Savings Account earns more on smaller deposits (approx. $410 vs $0/yr).
Best for Simplicity
MutualOne BankMutualOne Bank's Mo Premium Savings offers 4.07% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
MutualOne BankMutualOne Bank offers an iOS app rated 4.9 (vs. 4.7) and Android app rated 4.4 (vs. 3.5)
Shared Benefits
Over a 1-year period, Ivy Bank's High-Yield Savings Account pays $3 more interest on a $10,000 balance than MutualOne Bank's Mo Premium 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 an attractive APY of 4.10%, making it the top choice for those eligible, as it caters to residents of California and U.S. Territories (excluding the District of Columbia). In contrast, MutualOne Bank features the Mo Premium Savings account with a slightly lower APY of 4.07%, but it has no eligibility restrictions, making it accessible to a broader audience. While Ivy Bank's account requires a minimum deposit of $2,500, MutualOne's requires $20,000. Both accounts have no maintenance fees and are online-only, with Ivy Bank compounding daily and MutualOne monthly.
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
Non-sponsored link to official site
Top Market Contenders
Ivy Bank vs. MutualOne Bank Savings Calculator
You earn $6 more with Ivy Bank than MutualOne Bank on a $20,000 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.
Ivy Bank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$820.00(3.9%)
- Total Contributions$0
- Initial Deposit$20,000
Projected Balance
$20,820.00
MutualOne Bank
Mo Premium Savings
Savings Breakdown
- Interest Earned+$814.00(3.9%)
- Total Contributions$0
- Initial Deposit$20,000
Projected Balance
$20,814.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Ivy Bank | MutualOne Bank |
|---|---|---|
| APY | 4.10% Range: 0.05% - 4.10% Verified: 1/7/2026 - | 4.07% Verified: 1/7/2026 Stable (90d) |
| Product Name | High-Yield Savings Account | Mo Premium Savings |
| Minimum Deposit | $2,500 | $20,000 |
| Min. Balance for APY | $2,500 | $20,000 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.7 Android3.5 | iOS4.9 Android4.4 |
| Zelle® Support | Not Supported | Available Verified via website and app descriptions. |
| BBB Rating | A- | A+ |
| Next Steps | Visit SiteVerify at Ivy Bank Non-sponsored link to official site | Visit SiteVerify at MutualOne Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Ivy Bank | MutualOne Bank | |
|---|---|---|---|
| High-Yield Savings Account | Online Savings | Mo Premium Savings | |
Current APY | 4.10% | 0.40% | 4.07% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -11.9 | -0.0 | 0.0 |
Days Since Change | 22 | 54 | 54 |
2-Month High | 4.25% | 0.40% | 4.07% |
2-Month Low | 4.10% | 0.40% | 4.07% |
Adjustments / Mo | 0.55 | 0.00 | 0.00 |
Volatility Score | 0.018 | 0.000 | 0.000 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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