Savings accounts that help you grow to new heights.

Ivy Bank provides you with nationally competitive market rates. With a quick and easy application process, you can apply for your account in minutes.

FDIC Insured

Feel confident knowing

your deposits are

FDIC Insured.3

Transfer Funds

Make transfers between your Ivy Bank accounts and your external accounts.4

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High-Yield
Savings Account

0.61%APY1

Market-Leading Rates

Indexed Savings
Account

0.06%APY2

FDIC Insured

Feel confident knowing

your deposits are

FDIC Insured.3

Transfer Funds

Make transfers between your Ivy Bank accounts and your external accounts.4

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.4

 

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Two Great Savings Options

0.61%APY1
High-Yield Savings Account
Our High-Yield Savings Account offers you our best rate to bring you the highest return on your savings.
  • Nationally competitive rate
  • $2,500 minimum opening balance
  • $2,500 minimum balance to earn highest rate
  • FDIC Insured
0.06%APY2
One-Month Treasury Yield
Indexed Savings Account
Designed for savers seeking a competitive rate without the hassle of having to frequently move money from bank to bank.
  • Rate resets at the beginning of each calendar month and is indexed to the One-Month Treasury Yield
  • $2,500 minimum opening balance
  • $2,500 minimum balance to earn indexed rate and yield
  • FDIC Insured

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. 

More About Money Management

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 are 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.

For more details on our personal savings accounts, please refer to our disclosures.

1Rates effective as of 12/1/21. Minimum opening deposit of $2,500. The minimum balance to obtain the 0.61% 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 maximum account balance to receive the 0.61% APY is $1,000,000. This is a variable rate account and rates may change after account is opened. Fees may reduce earnings.

2Rates effective as of 12/1/21. Minimum opening deposit of $2,500. The minimum balance to obtain the 0.06% Annual Percentage Yield (APY) is $2,500.00. If your balance is between $10 - $2,499.99, the interest rate is 0.05% and the APY is 0.05%. The maximum account balance to receive the 0.06% APY is $1,000,000. This is a variable rate account and rates may change after account is opened. Tier 1 - For daily balances of $2,499.99 or less, the interest rate will be 0.05% with an APY of 0.05%. Tier 2 - For daily balances of $2,500.00 or greater, the interest rate is determined by the 1 Month Treasury Yield as published by the U.S. Department of the Treasury’s Daily Treasury Yield Curve Rates on the 15th day of each calendar month. If the 15th of the calendar month is on a Saturday, Sunday or Federal Holiday, the rate for this account is determined by the 1 Month Treasury Yield as published by the U.S. Department of the Treasury’s Daily Treasury Yield Curve Rates on the first day after the 15th of the month. That published rate (which may be rounded to the nearest one-hundredth of one percentage point) is then applied to the Indexed Savings Account for the entire following calendar month. For example, when an account is opened in the month of June the rate in effect on the account will have been determined by the Daily Treasury Yield Curve Rate in effect on May 15th and that rate will be in effect for the entire month of June. The interest rate for the Indexed Savings Account will never go below 0.05%. Visit the U.S. Department of the Treasury’s Resource Center for information on Daily Treasury Yield Curve Rates. Fees may reduce earnings.

3FDIC 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. 

4Transfers and withdrawals from Ivy Bank Savings accounts are 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.