Ivy Bank vs. Sallie Mae Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
Ivy Bank
High-Yield Savings Account
Up to4.25%APYDec 10, 2025FDIC InsuredMod. MinimumGreat iOS AppRange: 0.05% – 4.25%Show Fine Print & Trends Hide Details
Ivy Bank
High-Yield Savings Account
Sallie Mae Bank
High-Yield Savings Account
3.90%APYDec 10, 2025FDIC InsuredNo MinimumsShow Fine Print & Trends Hide Details
Sallie Mae Bank
High-Yield Savings Account
Prefer In-Person Banking?
Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
Ivy Bank vs. Sallie Mae Bank Savings Calculator
Ivy Bank earns $226.6 more than Sallie Mae Bank.
Ivy Bank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$2,596.80(12.6%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,596.80
Sallie Mae Bank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$2,370.20(11.6%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,370.20
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Ivy Bank vs. Sallie Mae Bank
Why Ivy Bank?
- ✓Higher potential APY (4.25% vs 3.90%) on all balances
- ✓Higher rated iOS app (4.7 vs 1.5)
Why Sallie Mae Bank?
- ✓No checking account or direct deposit required
- ✓Available Nationwide
— Key Feature Differences —
Better Returns at $10,000
Ivy BankIvy Bank's High-Yield Savings Account earns more on smaller deposits (approx. $425 vs $390/yr).
Better Returns at $25,000
Ivy BankIvy Bank's High-Yield Savings Account pulls ahead with larger amounts (approx. $1063 vs $975/yr).
Best for Simplicity
Sallie Mae BankSallie Mae Bank's High-Yield Savings Account offers 3.90% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Ivy Bank's High-Yield Savings Account pays $35 more interest on a $10,000 balance than Sallie Mae Bank's High-Yield Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary
Ivy Bank offers a High-Yield Savings Account with a competitive APY of 4.25%, significantly higher than Sallie Mae Bank's offering of 3.90%. Ivy Bank's account requires a minimum deposit and balance of $2,500, while Sallie Mae Bank has no minimum deposit or balance requirements, making it more accessible for new savers. Both accounts are online-only with no maintenance fees. However, eligibility for Ivy Bank is restricted to residents of California and U.S. Territories (excluding the District of Columbia). Overall, Ivy Bank's higher APY positions it as the preferred choice for savers looking to maximize their returns.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Top Market Contenders
See who beats both Ivy Bank and Sallie Mae Bank.
| Feature | Ivy Bank | Sallie Mae Bank |
|---|---|---|
| APY | 4.25% Range: 0.05% - 4.25% Verified: 12/10/2025 - | 3.90% Verified: 12/10/2025 Stable (90d) |
| Product Name | High-Yield Savings Account | High-Yield Savings Account |
| Minimum Deposit | $2,500 | $0 |
| Min. Balance for APY | $2,500 | $0 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.7 Android3.5 | iOS1.5 Android1.6 |
| BBB Rating | A- | A+ |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Ivy Bank | Sallie Mae Bank |
|---|---|---|
| High-Yield Savings Account | High-Yield Savings Account | |
Current APY | 4.25% | 3.90% |
Trend | Stable | Stable |
Velocity (bps/mo) | 0.0 | 0.0 |
Days Since Change | 26 | 26 |
1-Month High | 4.25% | 3.90% |
1-Month Low | 4.25% | 3.90% |
Adjustments / Mo | 0.00 | 0.00 |
Volatility Score | 0.000 | 0.000 |
How to read these metrics(Click to expand)
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