Ivy Bank vs. Valley Direct
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of Ivy Bank vs. Valley Direct
Key Metrics at a Glance
| Feature | Ivy Bank | Valley Direct |
|---|---|---|
| Top Savings APY | 4.25% High-Yield Savings Account | 4.10% High-Yield Savings Account |
| Minimum to Open | $2,500 | $1,000 |
| Minimum Balance for Top APY | $2,500 | $0.01 |
| Note | Promo. Eligibility restricted to new customers. |
Ivy Bank
Strengths
- Ivy Bank offers a higher APY of 4.25% compared to Valley Direct's 4.10%.
- Ivy Bank has no minimum balance requirement for its high-yield savings account.
- Ivy Bank's App Store rating is 4.7, slightly lower than Valley Direct's.
Potential Drawbacks
- Ivy Bank has no branches, limiting in-person service options.
- Ivy Bank's Google Play rating is 3.5, lower than Valley Direct's 4.5.
- Ivy Bank's minimum deposit requirement is $2,500, higher than Valley Direct's.
Valley Direct
Strengths
- Valley Direct has a lower minimum deposit requirement of $1,000.
- Valley Direct offers branch servicing in NJ, NY, FL, and AL.
- Valley Direct's BBB rating is A+, higher than Ivy Bank's A-.
Potential Drawbacks
- Valley Direct's APY is lower at 4.10%, compared to Ivy Bank's 4.25%.
- Valley Direct's eligibility for the promo account is restricted to new customers.
- Valley Direct's App Store rating is slightly higher at 4.8, but not significantly.
→ 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 Valley Direct's 4.10% APY for its High-Yield Savings Account, with a minimum balance of $0.01.
→ Ivy Bank yields $15 more than Valley Direct on a $10,000 balance after one year. Ivy Bank pays $425, while Valley Direct pays $410 - an APY advantage for Ivy Bank.
Calculate Savings Growth for Ivy Bank vs Valley Direct
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 OverviewValley Direct - High-Yield Savings Account
Total savings breakdown:
- Interest earned: $2,499.4 (12.19%)
- Total contributions: $13,000 (63.42%)
- Initial deposit: $5,000 (24.39%)
Your total balance
$20,499.40
Total balance: $20,499.4
Earnings: $2,499.4
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Ivy Bank's total earnings would be $97.4 higher than Valley Direct's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Ivy Bank's vs Valley Direct's Savings Accounts
| Ivy Bank | Valley Direct | ||
|---|---|---|---|
| Product | High-Yield Savings Account | vs | High-Yield Savings Account |
| APY | 0.05% - 4.25% (as of 11/12/2025) | 4.10% (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 | $0.01 | |
| 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. | Only for new customers. Existing Valley Bank or Valley Direct customers may open a savings account with a somewhat lower rate. | |
| Note | Promo. Eligibility restricted to new customers. | ||
| App Store Rating | 4.7/5 | 4.8/5 | |
| Google Play Rating | 3.5/5 | 4.5/5 | |
| BBB Rating | A- | A+ |
No historical data available.