If you like the idea of investing your savings but don’t like the idea of subjecting your hard-earned money to the uncertainty that stocks, crypto, etc. May bring, consider opening a certificate of deposit (CD). The best certificates of deposit offer over 4.00% annual percentage yield (APY), giving you the opportunity to earn a respectable amount of interest for extremely little effort.
Ivy Bank offers competitive CD rates, particularly for its shortest-term options. That’s handy for those interested in building a high-yield CD ladder. If you can swallow the minimum opening deposit requirement, which isn’t prohibitive but is higher than some competitors, Ivy Bank CDs might be your ideal low-risk investment.
Here’s what you need to know about Ivy Bank CD rates.
Rates are current as of Aug. 19, 2025 and are subject to change.
Ivy Bank CD rates and products
Ivy Bank offers only standard CDs with six different term lengths, from three months to five years. It doesn’t offer specialty accounts such as flexible, bump-up, jumbo, business, or IRA CDs.
Standard CDs
Ivy Bank offers some of the highest CD returns on the market as of this writing, up to 4.35% APY. Ivy Bank CDs aren’t for everyone, though. There are comparatively few term lengths to choose from—and you’ll be subject to a $1,000 minimum opening deposit.
Ivy Bank standard CD rates
| Term length | APY |
|---|---|
| 3 months | 4.35% |
| 6 months | 4.25% |
| 1 year | 4.00% |
| 2 years | 3.50% |
| 3 years | 3.25% |
| 5 years | 2.60% |
| 3 months | |
|---|---|
| APY | 4.35% |
| 6 months | |
| APY | 4.25% |
| 1 year | |
| APY | 4.00% |
| 2 years | |
| APY | 3.50% |
| 3 years | |
| APY | 3.25% |
| 5 years | |
| APY | 2.60% |
Bank details checked Aug. 19, 2025
Compare Ivy Bank to top competitors
There’s no shortage of financial institutions offering high CD rates. Depending on the term length you choose, Ivy Bank can be a great choice. Here’s a look at Ivy Bank against other popular banks.
 Ivy Bank |  Discover |  Northern Bank Direct |
|---|---|---|
| 3 months | 3 months | 3 months |
| 4.35% | 2.00% | N/A |
| 6 months | 6 months | 6 months |
| 4.25% | 3.50% | 4.25% |
| 12 months | 12 months | 12 months |
| 4.00% | 4.20% | 3.50% |
| 24 months | 24 months | 24 months |
| 3.50% | 3.80% | 3.50% |
| 36 months | 36 months | 36 months |
| 3.25% | 3.60% | 3.50% |
| 60 months | 60 months | 60 months |
| 2.60% | 3.75% | 3.50% |
| Learn more | Learn more | Learn more |
| View offer at MoneyLion | View offer at MoneyLion | View offer at Northern Bank Direct |
Bank details checked Aug. 19, 2025
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Learn more about Ivy Bank
Ivy Bank is a digital savings division of Cambridge Savings Bank, established in 1834. It’s 100% online, so it offers no physical branches.
Ivy Bank isn’t a full-service financial institution; it specializes in CDs and high-yield savings accounts. You won’t find any checking, money market, or IRA account options. It also doesn’t offer personal or business loans. If you’re simply looking for a high-yield destination for your savings, Ivy Bank is worth a look. If you need anything more, bank elsewhere.
Frequently asked questions
What is the minimum deposit required for Ivy Bank CDs?
The minimum deposit required to open an Ivy Bank CD is $1,000.
What are Ivy Bank’s CD early withdrawal penalties?
Ivy Bank’s CD early withdrawal penalties depend on the length of your account term. You’ll pay as much as 270 days’ simple interest.
Can I add money to my Ivy Bank CD after opening?
You cannot add money to your Ivy Bank CD after opening. You’ll have to wait until the account matures.
How is interest calculated and paid on Ivy Bank CDs?
Ivy Bank uses the daily balance method to calculate interest. Interest is compounded monthly.
Are Ivy Bank CDs FDIC insured?
Ivy Bank CDs are FDIC insured up to the maximum $250,000.