Ivy Bank

Ivy Bank
Deposit Rates APY Vs.Others
Savings 1.50% 1.65% →
1-Year CD 1.85% 2.02% →
2-Year CD N.A. 3.00% →
3-Year CD 2.50% 3.25% →
4-Year CD N.A. 3.30% →
5-Year CD 2.60% 3.50% →

2022 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 $5.34 billion in assets.

Deposits FDIC Insured Yes
Insured Bank Cambridge Savings Bank
FDIC Certificate # 17870
Date Established 1834
Assets $5.34 billion
Loans $4.2 billion
Deposits $4.44 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 - June 30, 2022

Online Savings and Money Market Rates
Online Savings and Money Market Rates APY MIN MAX
Online Savings Account
1.50% $2,500 - Learn More
Online CD Rates
Online CD Rates APY MIN MAX
1-Year CD
1.85% $1,000 - Learn More
3-Year CD
2.50% $0 - Learn More
60 Month Online CD
2.60% $0 - Learn More


Bank Offers

Ivy Bank Raises Online Savings Rate From 0.61% to 0.70% APY
Mar 2, 2022

Ivy Bank has raised its online savings rate.

Ivy Bank Is Now Offering 0.85% APY With a $2,500 Minimum Deposit
May 6, 2022

Ivy Bank Raises Online Savings Rate to 1.15% APY
Jun 6, 2022

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
Jun 16, 2022

Ivy Bank, a subsidiary of Cambridge Savings Bank, has offered competitive savings rates since its launch last year.   Learn more here.

Climate Initiatives

Ivy 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 (22)

  • 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.

  • June 9, 2022 |

    CDs 12 Month Rates

    Not my first rodeo, but I saw the rate and opened the account. No worse than any other and better than most.

  • March 3, 2022 |

    Online Savings Rates

    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.

  • February 5, 2022 |

    Had a question about money being moved from my account. Called Ivy Bank and rep (Erma) said she would call me back. She never did. Called back when more money was removed without explanation from my account. Called the 800# and got Erma - again. Said she'd call me back, and never did. Now they've closed out my account - with neither my request nor consent - and sent me my balance. They honestly did me a favor. Stay away.
    You've been warned.

  • January 25, 2022 |

    I have experienced trouble making transfers from external banks into my Ivy Bank account. The funds were transferred into the account and then immediately rejected. I am still waiting for the funds to be deposited into the account from which they have been withdrawn. After making several calls to the customer service, I have received absolutely no explanation. In fact, I was finally told my my account was being closed, and these funds would all be returned to the original bank from which they came. When I asked them for the reason, I was told it was simply a bank decision. This is totally unacceptable. I am truly hoping they do return my money. Please be aware of this bank!

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