Ivy Bank vs. Santander 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 | Santander BankSantander Savings Jan 7, 2026 |
|---|---|---|
| APY | 0.05% - 4.10% | 0.01% |
Est. Earnings | $5,000+$205 $10,000+$410 $25,000+$1,025 | $5,000+$1 $10,000+$1 $25,000+$3 |
Min Deposit | $2,500 | $25 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredMod. MinimumGreat iOS App | FDIC InsuredLow MinimumsGreat 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. Santander 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 Santander Bank's 0.01% APY for its Santander Savings account, with a minimum balance of $0.
Ivy Bank pays $409 more than Santander Bank on a $10,000 balance after one year. Ivy Bank pays $410, while Santander Bank pays $1 - an APY advantage for Ivy Bank.
Why Ivy Bank?
- ✓Higher potential APY (4.10% vs 0.01%) on all balances
- ✓No checking account or direct deposit required
Why Santander Bank?
- ✓Physical branch access (Primarily in the Northeast and Miami, Florida)
- ✓Higher rated Android app (4.0 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 $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).
Shared Benefits
Over a 1-year period, Ivy Bank's High-Yield Savings Account pays $409 more interest on a $10,000 balance than Santander Bank's Santander 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 outperforming Santander Bank's Savings account, which yields only 0.01%. Ivy Bank's account requires a minimum deposit and balance of $2,500, and it is available exclusively to residents of California and U.S. Territories (except the District of Columbia). In contrast, Santander Bank's account has a much lower minimum deposit of $25 and no minimum balance requirement, but it charges a maintenance fee of $1. Overall, Ivy Bank's product provides substantially better returns, making it the preferred choice for savers.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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Ivy Bank vs. Santander Bank Savings Calculator
You earn $409 more with Ivy Bank than Santander 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.
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
Santander Bank
Santander Savings
Savings Breakdown
- Interest Earned+$1.00(0.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,001.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Ivy Bank | Santander Bank |
|---|---|---|
| APY | 4.10% Range: 0.05% - 4.10% Verified: 1/7/2026 - | 0.01% Verified: 1/7/2026 Stable (90d) |
| Product Name | High-Yield Savings Account | Santander Savings |
| Minimum Deposit | $2,500 | $25 |
| Min. Balance for APY | $2,500 | $0 |
| Monthly Fee | $0 | $1 |
| 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 | iOS4.8 Android4.0 |
| Zelle® Support | Not Supported | Available Branch-based retail accounts only. |
| BBB Rating | A- | Not Rated |
| Next Steps | Visit SiteVerify at Ivy Bank Non-sponsored link to official site | Visit SiteVerify at Santander Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Ivy Bank | Santander Bank |
|---|---|---|
| High-Yield Savings Account | Santander Savings | |
Current APY | 4.10% | 0.01% |
Trend | Stable | Stable |
Velocity (bps/mo) | -11.9 | 0.0 |
Days Since Change | 22 | 54 |
2-Month High | 4.25% | 0.01% |
2-Month Low | 4.10% | 0.01% |
Adjustments / Mo | 0.55 | 0.00 |
Volatility Score | 0.018 | 0.000 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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