Ivy Bank vs. Upgrade
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
Upgrade
Premier Savings
3.05%APYDec 10, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Upgrade
Premier Savings
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. Upgrade Savings Calculator
Ivy Bank earns $767.2 more than Upgrade.
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
Upgrade
Premier Savings
Savings Breakdown
- Interest Earned+$1,829.60(9.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$19,829.60
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Ivy Bank vs. Upgrade
Why Ivy Bank?
- ✓Higher potential APY (4.25% vs 3.05%) on all balances
Why Upgrade?
- ✓No checking account or direct deposit required
- ✓Higher rated Android app (4.5 vs 3.5)
- ✓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 $305/yr).
Better Returns at $25,000
Ivy BankIvy Bank's High-Yield Savings Account pulls ahead with larger amounts (approx. $1063 vs $763/yr).
Best for Simplicity
UpgradeUpgrade's Premier Savings offers 3.05% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
UpgradeUpgrade offers an iOS app rated 4.9 (vs. 4.7) and Android app rated 4.5 (vs. 3.5)
Shared Benefits
Over a 1-year period, Ivy Bank's High-Yield Savings Account pays $120 more interest on a $10,000 balance than Upgrade's Premier Savings.
*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 outperforming Upgrade's Premier Savings account, which has an APY of 3.05%. Ivy Bank's account requires a minimum deposit of $2,500 and is available online only, but residents of California and U.S. Territories (except the District of Columbia) are ineligible to apply. In contrast, Upgrade's account has a lower minimum deposit of $1,000 and no direct deposit requirement, making it a simpler option for those who qualify. Both accounts have no maintenance fees and compound interest daily.
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 Upgrade.
| Feature | Ivy Bank | Upgrade |
|---|---|---|
| APY | 4.25% Range: 0.05% - 4.25% Verified: 12/10/2025 - | 3.05% Verified: 12/10/2025 ↘︎ 0.97%90d Change |
| Product Name | High-Yield Savings Account | Premier Savings |
| Minimum Deposit | $2,500 | $0 |
| Min. Balance for APY | $2,500 | $1,000 |
| 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 | iOS4.9 Android4.5 |
| BBB Rating | A- | A+ |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Ivy Bank | Upgrade |
|---|---|---|
| High-Yield Savings Account | Premier Savings | |
Current APY | 4.25% | 3.05% |
Trend | Stable | Stable |
Velocity (bps/mo) | 0.0 | 0.0 |
Days Since Change | 27 | 27 |
1-Month High | 4.25% | 3.05% |
1-Month Low | 4.25% | 3.05% |
Adjustments / Mo | 0.00 | 0.00 |
Volatility Score | 0.000 | 0.000 |
How to read these metrics(Click to expand)
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