Ivy Bank vs. Openbank
Ivy Bank edges out Openbank slightly at 3.85% vs 3.80% APY. On a $10,000 balance, the difference is just $5 per year, so other factors may matter more.
The Bottom Line
The Ivy Bank and Openbank savings accounts are very similar. Choose Ivy Bank if mobile app quality matters.
| Metric | Ivy BankHigh-Yield Savings Account Aug 21, 2026 | OpenbankHigh-Yield Savings Account Aug 19, 2026 |
|---|---|---|
| APY | 3.85% | 3.80% |
Est. Earnings | $5,000+$193 $10,000+$385 $25,000+$963 | $5,000+$190 $10,000+$380 $25,000+$950 |
Min Deposit | $2,500 | $500 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredMod. MinimumGreat iOS AppDaily CompoundingRate Changes Often | FDIC InsuredLow MinimumsStable Rate |
Market Reality Check
Both of these institutions offer rates below the top 10 savings and money market accounts we track. Those institutions all pay at least 4.01% APY.
Executive Summary
A detailed summary for this comparison is being prepared. Check back soon.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Ivy Bank?
- ✓Higher rated iOS app (4.7 vs 3.1)
Why Openbank?
No distinct advantages found vs Ivy Bank.
Shared Benefits
Over a 1-year period, Ivy Bank's High-Yield Savings Account pays $5 more interest on a $10,000 balance than Openbank's High-Yield Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Ivy Bank vs. Openbank Savings Calculator
You earn $5 more with Ivy Bank than Openbank 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+$385.00(3.7%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,385.00
Openbank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$380.00(3.7%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,380.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $379 per year in interest.
Both Ivy Bank and Openbank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Ivy Bank | Openbank |
|---|---|---|
| APY | 3.85% Verified: 8/21/2026 - | 3.80% Verified: 8/19/2026 - |
| Product Name | High-Yield Savings Account | High-Yield Savings Account |
| Minimum Deposit | $2,500 | $500 |
| Min. Balance for APY | $2,500 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Monthly |
| In-Branch Access | No | No |
| Account Type | Online Only | Online Only |
| Physical Branches | None | None |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC or NCUA Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A- | Not Rated |
| Next Steps | Visit SiteVerify at Ivy Bank Non-sponsored link to official site | Visit SiteVerify at Openbank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Ivy Bank | Openbank |
|---|---|---|
| High-Yield Savings Account | High-Yield Savings Account | |
Current APY | 3.85% | 3.80% |
Trend | Stable | Stable |
Velocity (bps/mo) | -6.8 | -4.4 |
Days Since Change | 184 | 79 |
9-Month High | 4.25% | 4.20% |
9-Month Low | 3.85% | 3.80% |
Adjustments / Mo | 0.32 | 0.32 |
Volatility Score | 0.024 | 0.017 |
How to read these metrics(Click to expand)
Compare Similar High-Yield Accounts
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Comparing against Standard Savings
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Comparing against Standard Savings
High Rates (With Checking Bundle)
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More Comparisons
Compare Ivy Bank's APY of 3.85% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Ivy Bank vs Ally Bank | 3.00% | $0 |
| Ivy Bank vs American Express | 3.00% | $0 |
| Ivy Bank vs Axos Bank | 4.21% | $0 |
| Ivy Bank vs Barclays | 3.65% | $0 |
| Ivy Bank vs Capital One | 3.50% | $0 |
| Ivy Bank vs Chime | 3.75% | $0 |
| Ivy Bank vs CIT Bank | 3.75% | $100 |
| Ivy Bank vs EverBank | 3.90% | $0 |
| Ivy Bank vs Marcus by Goldman Sachs | 3.40% | $0 |
| Ivy Bank vs Newtek Bank | 4.20% | $100 |
| Ivy Bank vs Pibank | 4.10% | $0 |
| Ivy Bank vs SoFi Bank | 3.80% | $0 |
| Ivy Bank vs Synchrony Bank | 3.30% | $0 |
| Ivy Bank vs Varo Bank | 3.75% | $0 |
| Ivy Bank vs Wealthfront | 3.95% | $0 |