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!
by Victória Lourenço
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.|
|Balance Transfer Fee||N/A.|
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.
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!
- The savings account is FDIC insured.
- You can get your application response in minutes.
- 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!
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