Ivy Bank, a division of Cambridge Savings Bank
ACH 011303084
2023 Overview
General Online Bank Information
Money that you deposit is held by Cambridge Savings Bank. Cambridge Savings Bank is an FDIC insured institution founded in 1834. It has approximately $5.69 billion in assets.| Deposits FDIC Insured | Yes |
| Insured Bank | Cambridge Savings Bank |
| FDIC Certificate # | 17870 |
| Date Established | 1834 |
| Assets | $5.69 billion |
| Loans | $4.48 billion |
| Deposits | $4.43 billion |
| Capital | $0.51 billion |
For a more detailed analysis of Cambridge Savings Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - January 30, 2023
| Online Savings and Money Market Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Online Savings Account
|
4.05% | $2,500 | - |
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|
| Online CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| 1-Year CD
|
4.85% | $1,000 | - |
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|
| 3-Year CD
|
3.25% | $0 | - |
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|
| 60 Month Online CD
|
2.60% | $0 | - |
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|
Bank Offers
Ivy Bank Raises Online Savings Rate From 0.61% to 0.70% APY
Ivy Bank has raised its online savings rate.
Ivy Bank Is Now Offering 0.85% APY With a $2,500 Minimum Deposit
Ivy Bank Raises Online Savings Rate to 1.15% APY
Ivy Bank, a subsidiary of Cambridge Savings Bank, has offered competitive savings rates since its launch last year. Learn more here.
Ivy Bank Raises Online Savings Rate to 1.50% APY
Ivy Bank, a subsidiary of Cambridge Savings Bank, has offered competitive savings rates since its launch last year. Learn more here.
Ivy Bank Raises Online Savings Rate to 1.70%
Ivy Bank Raises Online Savings Rate to 2.15% APY
Ivy is the latest onlien bank to raise its online savings rate above 2% APY.
Ivy Raises Online Savings Rate to 3.10%
Ivy has raised is online savings rate from 2.70% to 3.10% APY. The bank remains consistently competitive.
Ivy Bank Increases Online Savings Rate to 3.90% APY
Ivy Bank, the online division of Cambridge Savings Bank, has increased its online savings rate from 3.50% to 3.90% APY today.
Ivy has been consistently competitive since launching in early 2022, and is positively reviewed on BestCashCow and RatesAndInfo.
Climate Initiatives
Ivy Bank, a division of Cambridge Savings Bank is encouraged to provide us with this information. When we receive this information from the online bank, we will provide it here.
Customer Reviews for Ivy Bank, a division of Cambridge Savings Bank (24)
BK15328
August 20, 2022 |
Great experience with Ivy Bank! They are constantly updating their rate to stay competitive. Since I've opened my account they've increased my rate 4 or 5 times. It's easy to apply and open and have had no issues. Solid bank with a well-known and long established bank brand backing them (Cambridge Savings Bank out of Massachusetts). Would love to see some higher CD offers from them though.
Is this review helpful? Yes:2 / No: 1
Mr. Tom
August 10, 2022 |
They will not open a high yield savings account. No reason is given. This is what they say "Unfortunately, we cannot open your Ivy Bank account at this time. A review of the information submitted determined that your application did not meet our account opening criteria." When I call customer service, they say just try again, there is nothing we can do.
Is this review helpful? Yes:2 / No: 1
Michael Sandler
June 25, 2022 |
I too was denied the ability to open an online
Savings account. My credit score is over 800 and I was moving money from accounts that paid little or no interest into the banks savings account. When I called and asked for an explanation I was told by two horribly rude people that they couldn’t tell me on the phone and that I had to wait for a letter that so far never came. I used to be a customer of their mother bank Cambridge Savings when I lived in Cambridge. This online bank should be boycotted by all. They simply don’t deserve the customers they’ve gotten do far online. Since their rejection I’ve opened an account at Bask Bank which pays 1.61% interest. Try them instead.
Is this review helpful? Yes:7 / No: 1
JG54
June 9, 2022 |
Not my first rodeo, but I saw the rate and opened the account. No worse than any other and better than most.
Is this review helpful? Yes:4 / No: 2
LY
March 3, 2022 |
I found this easy to open and had no problems. It should be pointed out that Cambridge Savings has left Mass DIF and therefore would only deposit to FDIC limits, and not to the higher Mass DIF limit.
Is this review helpful? Yes:2 / No: 0
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