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 Goes To 1.5% Interest - 6/17/2022

Second interest rate change this month for Ivy. Now at 1.5% on high yield savings

Ivy Bank Ups High-Yield Savings Rate Again - 6/17/2022

Ivy Bank (online division of Cambridge Savings Bank) has raised the rate on its nationally available High-Yield Savings account for the second time in two weeks.

Ivy Bank Increases High Yield Savings To 1.50% APY - 6/17/2022

For the second time in 10 days, Ivy Bank has raised this rate. Ken gave a comprehensive update on June 7 when the rate went to 1.15%. Now they have increased another 35 basis points. Refer to Ken's post on details about how this account works, min/max balances, funding, limits, etc. More info here https://www.ivybank.com/savings

View all posts from:


My Experience Has Been FINE..!!!!!!!

Posted by: |

I hit a wrong button earlier...so not sure if this is a continuation of a previous review.

But, I've been very pleased with IVY.

They certainly offer VERY competitive rates and I found it very easy to establish an account.

I did not think of their ability to immediately fund my account as "Fraud" (as someone earlier thought). I found it convenient as opposed to setting up "ping" trial deposits immediately..

I do think their web site may be a work in process.

I found some peculiarities ( case sensitive e-mail at login...printing a statement in png verse PDF... obtaining documentation of my beneficiaries for my files) BUT...I'm pretty sure they will work that out.

Their Customer Service was GREAT.

They answer the phone with a real person very quickly, and their agents are professional, efficient, friendly , and genuinely helpful...(what I call "old- timey" banking thru the modern internet).

They are a division of a very old and fine local bank that was a real community service bank.

I wish them continued success for the future. Glad I have access from so far away.

Best Regard...PTF

Easy Setup Process

Posted by: |

Great rate with simple setup process. Wish they were all this easy !!!

It All Worked Out!

Posted by: |

I have a solid credit score, but my application needed to be reviewed. I first chatted, and eventually their Call Center called me, and at the end of the day learned it was because of my credit freeze due to unemployment fraud! I worked all that out, and they were able to swiftly approve my application, and I got right in to access my account.

I actually used the pretty neat management tool, and got all my accounts, debits etc., in one image. Depressing, but the feature is awesome! So glad I saw these guys on LendingTree, the rate is the highest in my area at least.

Couldn't Open An Account

Posted by: |

The application process was a mess. Nothing seemed to work right. When I finally completed my application, I received this message: "Unfortunately, we cannot open your Ivy Bank account at this time. A review of the information submitted determined that your application did not meet our account opening criteria."

VIEW MORE REVIEWS

Health
A

Data as of Q1 2022

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

Health Grade Components

Overall
FDIC Certificate #17870
Year Established1834
Employees454
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.69%
Return on Equity - YTD7.36%
Annual Interest Income$42.7MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$5.38B$5.20B
LoansQ1 2022vs Q1 2021$4.19B$4.02B
DepositsQ1 2022vs Q1 2021$4.53B$4.33B
Equity CapitalQ1 2022vs Q1 2021$502.1MM$477.3MM
Loan Loss AllowanceQ1 2022vs Q1 2021$49.2MM$47.7MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$12.9MM$23.3MM
Real Estate OwnedQ1 2022vs Q1 2021$0$5.5MM
Rates
Skip to rates for:
Report an Issue

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
1.50%*$2.5k*$1mHigh-Yield Savings
OTHER TIERS: 0.05% $10 - $2.5k
0.64%*$2.5k*$1mIndexed Savings
OTHER TIERS: 0.05% Up to $2.5k

Ivy Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.60%$1k-5 Year CD
2.50%$1k-3 Year CD
1.85%$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.