Ivy Bank vs. Timbr
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of Ivy Bank vs. TIMBR
Key Metrics at a Glance
| Feature | Ivy Bank | TIMBR |
|---|---|---|
| Top Savings APY | 4.25% High-Yield Savings Account | 4.40% Premium Savings Account |
| Minimum to Open | $2,500 | $1,000 |
| Minimum Balance for Top APY | $2,500 | $0 |
Ivy Bank
Strengths
- Ivy Bank offers a competitive APY of 4.25% for its High-Yield Savings Account.
- Ivy Bank has no maintenance fees associated with its savings account.
- Ivy Bank's app has a high App Store rating of 4.7.
Potential Drawbacks
- Ivy Bank's APY is lower than TIMBR's 4.40%.
- Ivy Bank requires a higher minimum deposit of $2,500 compared to TIMBR's $1,000.
- Ivy Bank has a lower Google Play rating of 3.5.
TIMBR
Strengths
- TIMBR offers a higher APY of 4.40% for its Premium Savings Account.
- TIMBR has no minimum balance requirement for its savings account.
- TIMBR holds a better BBB rating of A+ compared to Ivy Bank's A-.
Potential Drawbacks
- TIMBR has no branches, similar to Ivy Bank.
- TIMBR's APY has not changed in the last 30 days.
- TIMBR's app has a lower App Store rating than Ivy Bank.
→ As of November 12, 2025 Ivy Bank offers an APY of 4.25% for its High-Yield Savings Account, with a minimum balance of $2,500, compared to TIMBR's 4.40% APY for its Premium Savings Account, with a minimum balance of $0.
→ TIMBR yields $15 more than Ivy Bank on a $10,000 balance after one year. Ivy Bank pays $425, while TIMBR pays $440 - an APY advantage for TIMBR.
Calculate Savings Growth for Ivy Bank vs TIMBR
Ivy 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 OverviewTIMBR - Premium Savings Account
Total savings breakdown:
- Interest earned: $2,694.7 (13.02%)
- Total contributions: $13,000 (62.82%)
- Initial deposit: $5,000 (24.16%)
Your total balance
$20,694.70
Total balance: $20,694.7
Earnings: $2,694.7
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Ivy Bank's total earnings would be $97.9 lower than TIMBR's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Ivy Bank's vs TIMBR's Savings Accounts
| Ivy Bank | TIMBR | ||
|---|---|---|---|
| Product | High-Yield Savings Account | vs | Premium Savings Account |
| APY | 0.05% - 4.25% (as of 11/12/2025) | 4.40% (as of 11/12/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $2,500 | $1,000 | |
| Minimum Balance for APY | $2,500 | $0 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No | |
| Eligibility | Residents of California and U.S. Territories (except District of Columbia) are ineligible to apply. | United States | |
| App Store Rating | 4.7/5 | No | |
| Google Play Rating | 3.5/5 | No | |
| BBB Rating | A- | A+ |
No historical data available.