Ivy Bank, a division of Cambridge Savings Bank
ACH 011303084
Reviewed by lrcbob | July 26, 2024 |
Online
Savings
Rates
Multiple roadblocks trying to set up a savings account with Ivy Bank and my application was ultimately declined, in spite of my multiple CDs among three banks, stock investments, eleven credit cards, and credits scores that have never been outside the 800s. I took my business elsewhere.
Deposit Rates - July 2, 2025
Online Savings and Money Market
Rates
| Online Savings and Money Market Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Online Savings Account
|
4.25% | $2,500 | - |
Learn More
|
Online CD Rates
| Online CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| 1-Year CD
|
4.00% | $1,000 | - |
Learn More
|
| 24 Month Online CD
|
3.50% | $0 | - |
Learn More
|
| 3-Year CD
|
3.25% | $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.
Ivy Bank Raises Online Savings Rate to 1.70%
Jul 5, 2022
Ivy Bank Raises Online Savings Rate to 2.15% APY
Aug 3, 2022
Ivy is the latest onlien bank to raise its online savings rate above 2% APY.
Ivy Raises Online Savings Rate to 3.10%
Oct 12, 2022
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
Dec 7, 2022
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.
Ivy Bank Raises Its Online Savings Rate to 4.50%
Mar 30, 2023
Ivy Bank, a division of Massachusetts' Cambridge Savings Bank, has raised its online savings rate to 4.50% APY today from 4.25%.
Ivy Bank's Online Savings Rate is Now 4.80% APY
Apr 25, 2023
Ivy Bank has increased its online savings rate to 4.80% APY, up from 4.50%.
Ivy Bank Lowers Online Savings Rate to 4.60% APY
Dec 2, 2024
Ivy Bank today lowered its online savings rate by 40 bps today from 5.00 to 4.60% APY.
Climate Policy and 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.
Ivy Bank, a division of Cambridge Savings Bank Climate Score: B
Ivy Bank, a division of Cambridge Savings Bank Climate Score Info: The bank provides lending to commercial facilities for renewable energy upgrades in the Bay Area. It does not have any outstanding loans to carbon industries.
Customer Reviews for Ivy Bank, a division of Cambridge Savings Bank (33)
lrcbob
July 26, 2024 |
Multiple roadblocks trying to set up a savings account with Ivy Bank and my application was ultimately declined, in spite of my multiple CDs among three banks, stock investments, eleven credit cards, and credits scores that have never been outside the 800s. I took my business elsewhere.
Is this review helpful? Yes:0 / No: 0
TerryGord1973
July 9, 2023 | | Replies 1
Looks like indexed savings is now at 5.31%. Down, but it still beats anything else here. Why aren't you highlighting this for your readers?
Is this review helpful? Yes:0 / No: 0
JayT | Sep 6, 2023
It is something like 5.68% APY right now for September. Just cannot be beat by anything else on this site, unless you want to lock into a CD.
TerryGord1973
June 10, 2023 |
i just checked and I could believe it but the indexed savings is now 5.80%. Wow! (I cannot imagine why this isn't being advertised here and Nerdwallet?)
Is this review helpful? Yes:0 / No: 0
Jp
May 1, 2023
Was rejected for account because I live in California. Is this another case of thinking CA is Canada?
Is this review helpful? Yes:0 / No: 0
supersaver1
April 4, 2023 | Replies 2
How Is The Rate Being Calculated ???
So Ivy indexed has been a great option so far, BUT I am unsure how they calculate the rate.
Last month Feb 28 One-Month U.S. Treasury Yield was 4.65%/ APY 4.75%, the same as the interest rate/APY
March 01, 2023 4.67%
February 28, 2023 4.65%
This month you can see the rates
April 03, 2023 4.70%
March 31, 2023 4.74%
March 30, 2023 4.74%
They announced the month's rate as 4.23 %/APY 4.32%, and I am really wondering how they calculate the rates. Hope to hear from them soon!
Is this review helpful? Yes:0 / No: 0
KGS1234 | Apr 10, 2023
The Indexed Account is set each month based on the what the One Month Treasury rate is on the 15th of the preceeding month. If you look at the advertisement small print it explains how it is determined.
Ivy Bank | Apr 11, 2023
Hi Supersaver1. You can find details on how the interest rate is calculated on the Indexed Savings Account Truth in Savings Disclosure page on our website under the ‘Determination of Rate’ section (https://www.ivybank.com/indexedtis). If you have further questions, please give us a call at 855.489.2265 or send us a private message with the best number to reach you at and a member of our team will reach out to you.
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