Ivy Bank 1-Year CD

Lock in a premium rate for a full year, backed by 192 years of banking experience.

Earn a 4.05% APY with a 1-year CD
Minimum deposit of $1,000 to get started
FDIC insured, with 192 years of experience behind it
Absolutely no hidden fees

How to maximize your Ivy Bank CD

A certificate of deposit is the simplest way to earn a premium interest rate and keep it. Unlike a savings account, where the rate can drop whenever the bank decides, a CD locks today's rate in for the full term. Ivy Bank's 1-year CD pays 4.05% APY, and here is how to get the most out of it.

Step 1: Fund it with money you won't need for a year

You need $1,000 to open the CD, and that money is committed for 12 months. Pulling it out early can cost you a penalty, so fund it from savings you are confident you won't touch—money set aside for next year's goals, not your emergency fund.

Step 2: Know your maturity date

Put the maturity date on your calendar. When the year is up you can take the money and the interest, or roll it into a new CD at whatever the rate is then. Deciding ahead of time keeps you from defaulting into a renewal you didn't choose.

Step 3: Build a CD ladder

The one downside of a CD is that your cash is locked up. A ladder eases that. Instead of putting everything into one CD, open a new one every month or every few months, budgeting at least $1,000 for each. After the first year, a CD matures on that same schedule, so part of your money comes free at regular intervals while the rest keeps earning its locked-in rate. Each new CD earns whatever rate is available when you open it, and an early withdrawal from any of them may still incur a penalty.

Wrap-up

With a $1,000 minimum, no hidden fees, and FDIC insurance from a bank with 192 years of history, Ivy Bank's 1-year CD is a low-effort way to lock in a premium rate. Ladder a few of them and you can pair a great rate with regular access to part of your cash.

Legal & Disclosures

Advertiser Disclosure

MyWealthWallet is not a bank. We are a financial education and content platform. We may receive compensation when you click on links to products from our partners. This compensation may influence which products we write about and where and how they appear on the page. However, it does not influence our evaluations or recommendations. Our opinions are our own.

Ivy Bank 1-Year CD Disclosures

Annual Percentage Yield (APY) of 4.05% is accurate as of September 2026 and applies to a 12-month Certificate of Deposit. Minimum opening deposit of $1,000 required. The rate is fixed for the term of the CD. A penalty may be imposed for early withdrawal. Fees may reduce earnings. Ivy Bank is a division of Cambridge Savings Bank, Member FDIC.

General Disclaimer

The information provided on this page is for educational and informational purposes only. It should not be construed as financial, investment, or tax advice. Before opening any account, please carefully review all terms, conditions, fees, and disclosures provided by the partner. Your individual circumstances may vary, and we recommend consulting with a qualified financial advisor before making any financial decisions.