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.
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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
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.
Data as of Q3 2021
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 17870 |
| Year Established | 1834 |
| Employees | 455 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.94% |
| Return on Equity - YTD | 10.23% |
| Annual Interest Income | $124.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2021vs Q3 2020 | $5.35B$5.19B |
| Loans | Q3 2021vs Q3 2020 | $4.12B$4.15B |
| Deposits | Q3 2021vs Q3 2020 | $4.52B$4.02B |
| Equity Capital | Q3 2021vs Q3 2020 | $498.8MM$449.8MM |
| Loan Loss Allowance | Q3 2021vs Q3 2020 | $49.3MM$41.7MM |
| Unbacked Noncurrent Loans | Q3 2021vs Q3 2020 | $22.1MM$21.5MM |
| Real Estate Owned | Q3 2021vs Q3 2020 | $0$0 |