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!
Ivy Bank High-Yield Savings account: earn 0.70% APY and save more money
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 APR | No intro balance transfer. |
Regular Balance Transfer APR* | Limit of six transfers per month. *Terms apply. |
Balance Transfer Fee | N/A. |
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!
How does the Ivy Bank High-Yield Savings account work?
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.
You will be redirected to another website
By submitting this form, I agree that I am 18+ years old and I agree to the Privacy Policy and Terms and Conditions. I also provide my signature giving express consent to receive marketing communications via automated emails, SMS or MMS text messages and other forms of communication regarding financial products such as credit card and loans. Message frequency varies and represents our good faith effort to reach you regarding your inquiry. Message and data rates may apply. Text HELP for help or text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and I may revoke my consent at any time.
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!
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!
About the author / Victória Lourenço
Reviewed by / Aline Barbosa
Senior Editor
Trending Topics
Citi Custom Cash℠ Card overview
Read this Citi Custom Cash℠ Card overview to learn how this card grants you access to an amazing rewards rate on daily purchases!
Keep ReadingTypes of mortgage: learn the best for you
Looking to buy a home and don't know which mortgage is right for you? This article explores the different types of mortgage available.
Keep ReadingFlagstar Loans full review: Fixed-rate mortgage!
Looking for a mortgage with fixed rates and good terms? If so, read our Flagstar Loans review to learn more about it!
Keep ReadingYou may also like
Apply for Axos Bank Rewards Checking Account: simple and quick
Learn about the application process for the Axos Bank Rewards Checking Account and find out why it's one of the best checking accounts on the market.
Keep ReadingDiscover it® Balance Transfer Credit Card application: how does it work?
Learn how to easily apply for the Discover it® Balance Transfer Credit Card today! Get 0% intro APR and other additional benefits! Keep reading!
Keep ReadingNet First Platinum credit card review: is it legit and worth it?
Getting a $750 credit line to buy things online seems good. But is the Net First Platinum credit card worth it? Let's find out.
Keep Reading