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Ivy Bank: High-Yield Savings Account 5.30% APY Guaranteed Through 6/30/24

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Ivy Bank, an FDIC-insured digital banking division of Cambridge Savings Bank, offers 5.30% APY on HYSA guaranteed through 6/30/24. You must maintain a minimum balance of $2500 to obtain the 5.30% APY.

I confirmed with customer support that there aren't any hidden fees and that rates will automatically be increased if the Fed rates go up.

https://www.ivybank.com/savings
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Created 11-27-2023 at 11:11 PM by taitai3
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Joined Jan 2008
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Eagles89
11-27-2023 at 11:16 PM.
11-27-2023 at 11:16 PM.
This offer is only good if you think the economy is going to crash next month
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Joined Jun 2014
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BabyDoll415
11-28-2023 at 12:09 AM.
11-28-2023 at 12:09 AM.
Quote from Eagles89 :
This offer is only good if you think the economy is going to crash next month

Nothing is crashing it's all going up there's only on way 😭
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Joined Sep 2006
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dingdong123
11-28-2023 at 06:56 PM.
11-28-2023 at 06:56 PM.
If balance drops below 2500, account gives 0.05% apy.
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Joined Jul 2006
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kevolution
11-28-2023 at 07:30 PM.
11-28-2023 at 07:30 PM.
Marginal improvement over money market funds at brokerages and other HYSA and pretty much equal to t-bills but still decent for FDIC insured HYSA.
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Joined Dec 2016
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samsungs70
11-29-2023 at 08:57 AM.
11-29-2023 at 08:57 AM.
Is Synchrony 5.65% a good rate? Will the rate go up the next few months?
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Joined Nov 2016
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lalakers
11-29-2023 at 11:19 AM.
11-29-2023 at 11:19 AM.
Read the disclosure at the bottom of the web page #3. It says you may only withdraw up to 6 times within a year. I believe other banks offer unlimited withdraws.
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Joined Dec 2019
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Beat2Def
11-29-2023 at 01:38 PM.
11-29-2023 at 01:38 PM.
Quote from lalakers :
Read the disclosure at the bottom of the web page #3. It says you may only withdraw up to 6 times within a year. I believe other banks offer unlimited withdraws.
Six times a year or six times a month?

"Transfers and withdrawals from Ivy Bank Savings accounts may be limited to a total of six per calendar month. We may refuse any withdrawal or transfer request which does not conform to these rules, is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations that we have set. " https://www.ivybank.com/handbook#withdrawals
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Last edited by Beat2Def November 29, 2023 at 01:41 PM.

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Joined Nov 2016
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lalakers
11-29-2023 at 06:28 PM.
11-29-2023 at 06:28 PM.
Quote from Beat2Def :
Six times a year or six times a month?

"Transfers and withdrawals from Ivy Bank Savings accounts may be limited to a total of six per calendar month. We may refuse any withdrawal or transfer request which does not conform to these rules, is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations that we have set. " https://www.ivybank.com/handbook#withdrawals
Ah looks like per month. Not sure why I was reading per year lol. Most likely I will give this a try.
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Joined Feb 2010
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h0y
11-30-2023 at 12:21 AM.
11-30-2023 at 12:21 AM.
For some reason, not available for Californians. :-(
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Joined Nov 2014
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mak_436
01-01-2024 at 12:02 PM.
01-01-2024 at 12:02 PM.
Any recommendations on trustworthy banks which is giving 5% or more ? Ivy, usb direct etc ?
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Joined Nov 2017
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smarty75
06-04-2024 at 03:47 PM.
06-04-2024 at 03:47 PM.
Ivy bank updated that rate is now guaranteed thru 9/30/2024
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