Ivy Bank, a division of Cambridge Savings Bank

For information concerning Cambridge Savings Bank parent bank, please click here.

Ivy Bank, a division of Cambridge Savings Bank ACH Number: 011303084

Online Rates - February 27, 2024

Your current location is: Ashburn, VA

SAVINGS RATES APY MIN

Money that you deposit is held by Cambridge Savings Bank. Cambridge Savings Bank is an FDIC insured institution founded in 1834. It has approximately $6.94 billion in assets.

Overview 2024

General Information of the Parent Bank

FDIC Insured Yes
Insured Parent Bank Cambridge Savings Bank
FDIC Certificate # 17870
Date Established 1834
Assets $6.94 billion
Loans $5.66 billion
Deposits $5.24 billion
Capital $0.57 billion


Customer Reviews for Ivy Bank, a division of Cambridge Savings Bank (5)

Rated 4.60 stars out of 5 - based on 5 reviews
  • Indexed savings product from this bank is now 5.71%. Better than anything else on this site or available anywhere.

    Review on the Parent Bank
  • I don't know why sites like this aren't pointing this out, but you can get a much higher rate from this bank in their 1-month indexed US Treasury. For July it is paying 5.31% and it was up above 5.805 in June. There is no reason not to do this, especially since you can always move back to 4.80% and the bank is excellent.

    Review on the Parent Bank
  • Sometimes slow to raise the rate, but they always do. Service is fine. Would be five stars but transfers take days.

    Review on the Parent Bank
  • Quite pleased with this one so far. Rate is consistently above anything else. I am just hoping they continue to be in the top tier of competitiveness!

    Review on the Parent Bank
  • I opened an account through this site. It was easy to open and to fund. Nice to see that the rate stays as one of the best. I hope it continues.

    Review on the Parent Bank

Add Your Review


Rate it here →



Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only.

  • 1
    ONLINE SAVINGS
    Online Bank
    -
    $50,000
    N.A.
    5.30%
    25.36x (National Avg. - 0.21%)
    $2,500
    -
    SCENARIO
    Year Rate
    5.30%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,650 1,855
    2 52,650 2,790 1,953
    3 55,440 2,938 2,057
    4 58,379 3,094 2,166
    5 61,473 3,258 2,281
    6 64,731 3,431 2,402
    7 68,162 3,613 2,529
    8 71,774 3,804 2,663
    9 75,578 4,006 2,804
    10 79,584 4,218 2,953
    11 83,802 4,441 3,109
    12 88,243 4,677 3,274
    13 92,920 4,925 3,447
    14 97,845 5,186 3,630
    15 103,031 5,461 3,822
    16 108,491 5,750 4,025
    17 114,242 6,055 4,238
    18 120,296 6,376 4,463
    19 126,672 6,714 4,700
    20 133,386 7,069 4,949
    TOTAL $90,455 $63,319
  • 2
    LOCAL SAVINGS
    Online Bank
    -
    $50,000
    N.A.
    5.10%
    24.40x (National Avg. - 0.21%)
    $0
    -
    SCENARIO
    Year Rate
    5.10%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,550 1,785
    2 52,550 2,680 1,876
    3 55,230 2,817 1,972
    4 58,047 2,960 2,072
    5 61,007 3,111 2,178
    6 64,119 3,270 2,289
    7 67,389 3,437 2,406
    8 70,825 3,612 2,528
    9 74,437 3,796 2,657
    10 78,234 3,990 2,793
    11 82,224 4,193 2,935
    12 86,417 4,407 3,085
    13 90,824 4,632 3,242
    14 95,456 4,868 3,408
    15 100,325 5,117 3,582
    16 105,441 5,378 3,764
    17 110,819 5,652 3,956
    18 116,471 5,940 4,158
    19 122,411 6,243 4,370
    20 128,654 6,561 4,593
    TOTAL $85,215 $59,650