Ivy Bank

Deposits held and insured by Cambridge Savings Bank

Overview / Commentary
855-489-2265
1374 Massachusetts Ave
Cambridge, MA 02138
Deposits held and insured by Cambridge Savings Bank

Ivy Bank is a digital banking division of Cambridge Savings Bank which is a Massachusetts state-chartered bank and Member FDIC. Deposits at Ivy Bank and Cambridge Savings Bank are combined for the purpose of calculating FDIC insurance limits (FDIC certificate #17870) and are not separately insured.
Accounts are available nationally, except for California.

Related Posts

Ivy Bank Offers Three Competitive Nationally Available CDs - 8/14/2021

Ivy Bank (online division of Cambridge Savings Bank) offers three nationally available CDs (1-year, 3-year, 5-year) in its product line. Minimum opening is $1k.

Ivy Bank Is Cambridge Savings Bank's New Internet Division - 8/12/2021

Cambridge Savings Bank launched its new digital division, Ivy Bank, last month. Nationally available product line currently includes two savings accounts and three CDs

Reviews (2)

Garbage-Don't Waste Your Time

Did not open the account with no reason, after long glitchy application process. Their system is broken and they don't give you any reason for not opening your account. I never have problems opening accounts!
After calls they say they don't deal with some states. Why are they on this website?

Nonsense Bank

Posted by: |

Perfect credit, substantial income and this is the only bank in the past 40 years that has turned me down for establishing an account. No specific reason given. Changed my password to the account I was going to fund the Ivy Bank account with immediately after being denied since Ivy Bank asked for it to link accounts. Something seems fishy here. I would avoid this bank like the plague.



Health
A

Data as of Q3 2021

Data displayed below is for insuring bank: Cambridge Savings Bank
Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #17870
Year Established1834
Employees455
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.94%
Return on Equity - YTD10.23%
Annual Interest Income$124.9MM
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$5.35B$5.19B
LoansQ3 2021vs Q3 2020$4.12B$4.15B
DepositsQ3 2021vs Q3 2020$4.52B$4.02B
Equity CapitalQ3 2021vs Q3 2020$498.8MM$449.8MM
Loan Loss AllowanceQ3 2021vs Q3 2020$49.3MM$41.7MM
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$22.1MM$21.5MM
Real Estate OwnedQ3 2021vs Q3 2020$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Ivy Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Ivy Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.61%*$2.5k*$1mHigh-Yield Savings
OTHER TIERS: 0.05% $10 - $2.5k
0.05%--Indexed Savings

Ivy Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$1k-5 Year CD
0.75%$1k-3 Year CD
0.60%$1k-1 Year CD
Locations

Ivy Bank is an Internet only bank and does not have branch locations. Its headquarters is located at 1374 Massachusetts Ave - Cambridge, MA 02138

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.