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We are an independent, objective, advertising-supported content publisher website. In order to support our ability to provide free content to our users, the recommendations that appear on our site might be from companies from which we receive affiliate compensation. Such compensation may impact how, where and in which order offers appear on our site. Other factors such as our own proprietary algorithms and first party data may also affect how and where products/offers are placed. We do not include all currently available financial or credit offers in the market in our website.

Reviews (US)

Ivy Bank High-Yield account review

The Ivy Bank High-Yield savings account can give you 0.70% APY, and you can use their platform to manage your money and save more. Read our Ivy Bank High-Yield account review to know more!

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by Victória Lourenço

Published on 04/28/2022

Ivy Bank High-Yield Savings account: earn 0.70% APY and save more money

Ivy Bank High-Yield Savings account review. Source: Ivy Bank.
Ivy Bank High-Yield Savings account review. Source: Ivy Bank.

Ivy Bank offers a high-yield savings account that comes with some great benefits. Also, you can use this account to save money in the best way possible. Plus, you can apply very quickly! So, in this review, we’ll take a look at what the Ivy Bank High-Yield Savings account has to offer and whether or not it’s a good option for you. Therefore, keep reading our Ivy Bank High-Yield account review to learn more!

Intro Balance Transfer APRNo intro balance transfer.
Regular Balance Transfer APR*Limit of six transfers per month.

*Terms apply.
Balance Transfer FeeN/A.
Ivy Bank logo

How to join Ivy Bank High-Yield Savings account?

If you need an account that gives you high interest, read our post about the Ivy Bank High-Yield account opening and apply now!

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How does the Ivy Bank High-Yield Savings account work?

How does this account work? Source: Unsplash.
How does this account work? Source: Unsplash.

The Ivy Bank offers excellent savings account options, and the Ivy Bank High-Yield Savings account is one of them. Plus, one great benefit of the Ivy Bank High-Yield Savings account is that it offers a competitive interest rate. And you can earn a 0.70% APY! This means that your money will grow faster in this account than in a regular savings account.

In addition, the Ivy Bank High-Yield Savings account is FDIC insured. This means that your money is protected in case of Ivy Bank failure. Also, besides growing your money quickly and safely, you can use a money management tool to help you save money more efficiently.

Ivy Bank High-Yield Savings account benefits

There are many benefits related to this Ivy Bank savings account. For example, you can earn a 0.70 APY if you have the minimum deposit required. However, you must know that if you don’t have the minimum deposit, this account may not be worth it. This is because you can only profit from the 0.70% APY if you have the $2,500 minimum balance on your account.

However, even though this savings account has many benefits, it also has some downsides. For example, if you don’t always maintain the $2,500+ balance requirement, you won’t profit the most with the account. So, check out our list below of the pros and cons of having an Ivy Bank High-Yield Savings account!

Pros

  • The savings account is FDIC insured.
  • You can get your application response in minutes.

Cons

  • You need to maintain a $2,500 minimum balance to earn the 0.70% APY.
  • There is no balance transfer intro APR.

How good does your credit score need to be?

The Ivy Bank does not officially inform a minimum credit score requirement to apply. However, we recommend that you have at least a good credit score to apply. This way, you will ensure that your application won’t get denied due to your credit score.

How to apply for an Ivy Bank High-Yield Savings account?

You can easily apply online to open your Ivy Bank High-Yield Savings account. Plus, you can get your application response within minutes. Therefore, read our post below to know how to apply for an Ivy Bank High-Yield Savings account!

Ivy Bank logo

How to join Ivy Bank High-Yield Savings account?

If you need an account that gives you high interest, read our post about the Ivy Bank High-Yield account opening and apply now!

Keep Reading
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How to join Ivy Bank High-Yield Savings account?

You will remain in the same website

About the author

Victória Lourenço

Victória Lourenço is part of the finance writer team for The Mister Finance website. She is a translator and copywriter, having worked on finance topics for over four years. She has a goal to keep studying finances to help people learn more about how to use their credit cards, make loans, and use other money-related products in a way that they can find a more meaningful and healthy financial life!

Reviewed by

Aline Barbosa

Senior Editor

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We are an independent, objective, advertising-supported content publisher website. In order to support our ability to provide free content to our users, the recommendations that appear on our site might be from companies from which we receive affiliate compensation. Such compensation may impact how, where and in which order offers appear on our site. Other factors such as our own proprietary algorithms and first party data may also affect how and where products/offers are placed. We do not include all currently available financial or credit offers in the market in our website.

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Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved, or otherwise endorsed by any of the entities included within the post. That said, the compensation we receive from our affiliate partners does not influence the recommendations or advice our team of writers provides in our articles or otherwise impact any of the content on this website. While we work hard to provide accurate and up to date information that we believe our users will find relevant, we cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof.

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