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 0000. It has approximately $6.47 billion in assets.| Deposits FDIC Insured | Yes |
| Insured Bank | Cambridge Savings Bank |
| FDIC Certificate # | 17870 |
| Date Established | 0000 |
| Assets | $6.47 billion |
| Loans | $5.27 billion |
| Deposits | $4.79 billion |
| Capital | $0.56 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 5, 2023
| Online Savings and Money Market Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Online Savings Account
|
4.80% | $2,500 | - |
Learn More
|
| Online CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| 1-Year CD
|
5.00% | $1,000 | - |
Learn More
|
| 3-Year CD
|
3.25% | $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
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.
Ivy Bank Raises Its Online Savings Rate to 4.50%
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
Ivy Bank has increased its online savings rate to 4.80% APY, up from 4.50%.
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 (29)
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 | Jun 5, 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 | Jun 5, 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.
Hijo de Manuela
March 9, 2023 |
I am a big fan of this one. The rate is now 4.25% on the online savings product, but 4.75% on the indexed product. While they don't allow a product switch, you can open the indexed with 4.75% then move all your cash. I think indexed is better.
Is this review helpful? Yes:0 / No: 0
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:3 / No: 2
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:3 / No: 2
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