Compound Interest Calculator
Savings Account from Ivy Bank, a division of Cambridge Savings Bank with 4.00% APY and $2,500 minimum deposit
Use or Change These Amounts and Rates
The product Savings Account from Ivy Bank, a division of Cambridge Savings Bank with 4.00% APY and $2,500 minimum deposit and a tax rate of 30 compounded annually, with an initial amount of $20,000, after 10 years would have grown your savings to approximately $29,605. The interest earned would be $9,605 and the tax amount on the interest earned would be approximately $2,881.
Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.
The Results for Ivy Bank, a division of Cambridge Savings Bank
Savings Boost of
$6,392 over 10 years
$6,392 over 10 years
Cash Savings
$20,000
Average Interest Earned
$331
Ivy Bank, a division of Cambridge Savings Bank Interest Earned
$6,723
See comparison detail table
This analysis is for demonstrative purposes only and may change should certain assumptions prove incorrect. Savings rates may change and CD rates may not be renewable for the length of the term of the analysis. The difference between the bank rate entered and the average rate may not remain constant throughout the term.
Comparison Detail Table Close X
Average Rate Scenario
| Rate: 0.23% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 47 | 33 |
| 2 | 20,047 | 47 | 33 |
| 3 | 20,094 | 47 | 33 |
| 4 | 20,141 | 47 | 33 |
| 5 | 20,188 | 47 | 33 |
| 6 | 20,235 | 47 | 33 |
| 7 | 20,282 | 47 | 33 |
| 8 | 20,330 | 48 | 33 |
| 9 | 20,377 | 48 | 33 |
| 10 | 20,425 | 48 | 33 |
| TOTAL: | $473 | $331 |
Ivy Bank, a division of Cambridge Savings Bank Scenario
| Rate: 4.00% |
Annual Interest |
Annual Interest (After Tax) |
|
|---|---|---|---|
| 1 | 20,000 | 800 | 560 |
| 2 | 20,800 | 832 | 582 |
| 3 | 21,632 | 865 | 606 |
| 4 | 22,497 | 900 | 630 |
| 5 | 23,397 | 936 | 655 |
| 6 | 24,333 | 973 | 681 |
| 7 | 25,306 | 1,012 | 709 |
| 8 | 26,319 | 1,053 | 737 |
| 9 | 27,371 | 1,095 | 766 |
| 10 | 28,466 | 1,139 | 797 |
| TOTAL: | $9,605 | $6,723 |
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Recent Rate Changes
| Date | APY |
|---|---|
| September 18, 2026 | 4.00% |
| February 18, 2026 | 3.85% |
| January 20, 2026 | 4.00% |
| December 16, 2025 | 4.10% |
| December 19, 2024 | 4.25% |
| December 2, 2024 | 4.60% |
| October 3, 2024 | 5.00% |
| October 19, 2023 | 5.30% |
| October 3, 2023 | 5.00% |
Featured CD Rates
Advertiser Disclosure| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.50% | $100,000 |
Learn More on the North American Savings Bank, F.S.B. website |
|
|
Take your savings to the next level with our 12-month online CD special! 12-Month |
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|
|
5.00% |
$10,000 |
Learn More | |
|
Last change: ↑0.05% on October 8. |
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|
|
4.95% |
$10,000 |
Learn More | |
|
Last change: ↑0.10% on October 8. |
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|
|
4.85% |
$10,000 |
Learn More | |
|
Last change: ↑0.05% on October 8. |
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|
|
4.70% |
$500 |
Learn More | |
|
Last change: ↑0.66% on April 27. |
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Customer Reviews for Ivy Bank, a division of Cambridge Savings Bank (32)
3.2 out of 5 based on 20 ratings
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.
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
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