Enjoy a guaranteed rate

on our High-Yield Savings.

5.30%APY1
On Balances $2,500+ Thru 6/30/24

Backed by a bank with over 190 years of experience.

Backed by the strength and stability of Cambridge Savings Bank, a trusted financial institution based in the greater Boston area, Ivy Bank was created with the goal of helping to improve your financial well-being by offering user-friendly higher-interest rate products, exceptional digital experiences, and personalized service.

Access your Ivy Bank accounts on-the-go with our mobile banking app.

Download Mobile App on Apple App Store Button     Download Mobile App on Google Play Button

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Why You'll Love Banking With Us

Apply for an
account in minutes

Opening an account
online is easy.

Mobile and
online

Convenient features that help you bank from your device.

No unexpected
charges

You won’t be thrown off by a charge you weren't expecting.

FDIC Insured2

A trusted partnership with over 190 years of financial success.

 

Great rates

Competitive market rates that help your money grow.

Transfer funds

Make transfers3 between your Ivy Bank accounts and your external accounts.

Pick The Savings Option That Helps Meet Your Needs

5.30%APY1

High-Yield Savings Account

Our High-Yield Savings Account offers you our best rate to bring you the highest return on your savings.
  • Rate guaranteed thru 6/30/2024
  • $2,500 minimum opening balance
  • $2,500 minimum balance to earn rate and APY
  • FDIC Insured
5.00%APY4

1 Year Certificate of Deposit

Our 1 Year CD offers you a safe and secure way to grow your funds at a competitive market rate.
  • Guaranteed returns for the length of the term
  • $1,000 minimum opening balance
  • FDIC Insured

1Rates effective as of 2/1/24. Minimum opening deposit of $2,500. The offer to open new accounts at the guaranteed rate may be withdrawn at any time. The minimum balance to obtain the 5.30% Annual Percentage Yield (APY) is $2,500. If your balance is between $10 - $2,499.99, the interest rate is 0.05% and the APY is 0.05%. The Annual Percentage Yield of 5.30% for balances between $2,500 - $1,000,000 is guaranteed through June 30, 2024, after which each tier will pay a variable rate that is subject to change. The maximum account balance to receive the 5.30% APY is $1,000,000. Fees may reduce earnings.

2FDIC Insured up to the maximum amount allowed by law. Ivy Bank and Cambridge Savings Bank are treated as the same entity for the purposes of calculating FDIC insurance limits. 

3Transfers and withdrawals from Ivy Bank Savings accounts may be limited to a total of six per calendar month. Withdrawals and transfers shall only be made payable to one or more of the owners of the account.

4Rates effective as of 2/1/24 and are subject to change without notice. Minimum opening deposit of $1,000. The Annual Percentage Yield (APY) is based on monthly compounding with funds held to maturity. $10 minimum daily balance required to earn APY. Additional deposits are not permitted. Substantial penalties for early withdrawal may be imposed. Fees may reduce earnings. For more information, please refer to our disclosures