In a volatile rate environment, enjoy a guaranteed competitive rate without locking your funds away for the long-term. With a quick and easy application process, you can apply for your account in minutes and earn 11x the national average savings account rate4.
High-Yield Savings With a Rate Guarantee
Apply for an account in minutes.
Applying for an account is easy. Complete the application in minutes to get started.
1
Start your application.
Click Apply Now to start the
application.
2
Give us a few details.
It will only take a couple of minutes.
3
Add funds into your account.
Add funds to your new Ivy Bank account
by making a transfer from another bank.3
Make Progress Towards Your Financial Goals
Once you open your Ivy Bank account, you'll have immediate access to our sophisticated Money Management tool. With Money Management, you'll gain powerful insights into your full financial picture so that you can interact with your finances in a meaningful way.
Savings Account FAQs
In Online Banking, select the account under the Accounts header. Then, select Account Details to display the account rate and Annual Percentage Yield.
In Mobile Banking, select the account under the Accounts header and then select Details to display the account rate and Annual Percentage Yield.
Transfers and withdrawals from Ivy Bank Savings accounts may be limited to a total of six per calendar month. Withdrawals and transfers made from your account shall only be made payable to one or more of the owners of the account form which the withdrawal or transfer was made. See the Ivy Bank Understanding Your Deposit Account Handbook for details.
You can fund your account via:
- Plaid– Authentication
- Manual entry of your external bank routing and account numbers
You can make deposits to your account via:
- eTransfer
- Mobile Deposit
- Domestic wire transfer
- Mail deposit
See the Ivy Bank Understanding Your Deposit Account Handbook for details.
You can withdraw money from your account via eTransfer, Domestic Wire Transfer or Treasurer’s Check. Withdrawals and transfers made from your account shall only be made payable to one or more of the owners of the account from which the withdrawal or transfer was made. See the Ivy Bank Understanding Your Deposit Account Handbook for details.
APY-E (annual percentage yield earned) is an annualized rate that reflects the total amount of dividends (or interest) earned for the dividend (or interest) period and stated as a percent based on the actual average daily balance in the account. Unlike APY, which assumes no deposits or withdrawals are made over a 12-month period, APY-E is impacted by both deposits and withdrawals made during the period reflected on the periodic statements. On leap years, the APY-E listed in January and February statements may differ as calculations are based on 366 days.
For more details on our personal savings accounts, please refer to our disclosures.
1Rates effective as of 4/1/24. 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.
4The National Savings Account Average is calculated monthly by the Federal Deposit Insurance Corporation (FDIC) and can be found on FDIC.gov.