Elevault: Savings Accounts & Rates

Savings rates updated: 9/26/2025

Mission statement: Banksparency aims to make Elevault's savings accounts transparent and comparable to those of other banks. Learn more about Banksparency.

Note: Interest rates below are reported as APY, or Annual Percentage Yield

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Savings Overview

High Yield Savings Account: 4.34% APY(Rank 14 of the 20 Best Savings Rates)

Minimum Deposit: $0 | Online Only

National Savings Interest Rate: 0.4% (as of 9/15/2025)

Note: The FDIC tracks savings and CD rates nationally, but it does not report APY, only the average interest rate.

(Source: FDIC)

Bank Overview

Location: Arkadelphia, Arkansas

Founded: 1884

Affiliation: Elevault is a product by Southern Bancorp Bank

Deposit Insurance: FDIC Cert # 1528

BBB Rating: A+ (Not BBB Accredited)

App Store Rating: 3.8/5

Google Play Rating: 3.9/5

Website: Visit Elevault

Our Take on Elevault

Highlights

Current APY of 4.34%, down from 4.60% last month.
No minimum deposit or balance requirements.
No maintenance fees, allowing full access to savings.
A+ BBB rating indicates strong trustworthiness.

Considerations

Daily deposit limit of $2,500 may restrict larger deposits.
Not BBB Accredited, which may concern some customers.
Online-only banking may not suit those preferring in-person service.
Interest only applies to balances up to $250,000.

Summary: Elevault offers a competitive APY of 4.34% for its High Yield Savings Account, though it has decreased from 4.60% in the past month. The account has no minimum deposit or maintenance fees, making it accessible for savers. However, it has a daily deposit limit of $2,500 and is an online-only bank, which may not appeal to everyone. The bank holds an A+ BBB rating, adding to its credibility.

Savings Account: In-Depth View

Savings Account Offered by Elevault

Feature	High Yield Savings Account
APY	4.34% (as of 9/26/2025)
APY Trend	-0.26% WoW
Minimum Deposit	$0
Minimum Balance for APY	$0
FDIC-insured	Yes
Online Only	Yes
Bundled Account	No
Direct Deposit Required	No
Compound Frequency	Daily
Maintenance Fee	$0
Eligibility	United States
Note	The 4.34% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500.
Sponsored Link
No deposit agreement summary available for this bank.

Calculate Savings for Elevault

All calculations are based on APY.

Savings Product:

High Yield Savings Account (APY: 4.34%)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $1,708.8 (10.88%)
Total contributions: $13,000 (82.76%)
Initial deposit: $1,000 (6.37%)

Your total balance

$15,708.80

Effective APY: 4.34% (based on your deposit and contributions)

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

Elevault Savings Rates Over Time

Historical APY Insights

Metric	High Yield Savings Account
Latest APY	4.34 %
Trend	Falling
Slope (bps/mo)	-10.6
Rate Changes / Mo	0.59
Days Since Last Change	4
High (-2 m)	4.60 %
Low (-2 m)	4.34 %
Draw-down from High	-5.7 %
Volatility (CV)	0.020

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 2 months (regression slope).
Slope (bps/mo): Average monthly change; 10 bps = 0.10 pp.
Rate Changes / Mo: Typical number of APY moves per month.
Days Since Last Change: Recency of the latest APY adjustment.
High (-2 m): Highest APY in the last 51 days.
Low (-2 m): Lowest APY in the last 51 days.
Draw-down from High: How far today sits below the 2-month peak.
Volatility (CV): Coefficient of variation = stdev ÷ mean.

Why Track Savings-Account APYs?

See how quickly a bank reacts to Fed moves or competition.
Gauge “twitchiness” - frequent moves can annoy savers.
Spot if you're buying near a peak (draw-down) or riding a rise.
Slope (bps/mo) shows speed of change.
Volatility (CV) scales jumps by average level.

Compare Elevault's Savings Account

Affirm - 3.60% APY
All America Bank - 1.50-3.25% APY
Ally Bank - 3.40% APY
Amalgamated Bank - 2.25% APY
American Express - 3.50% APY
Ameriprise Bank - 3.15-3.15% APY
Axos Bank - 4.46% APY
Bank5 Connect - 4.05% APY
Bank of America - 0.01% APY
Barclays - 3.90-4.10% APY
Bask Bank - 4.05% APY
Betterment - 3.75% APY
BMO Alto - 3.25% APY
Bread Savings - 4.25% APY
BrioDirect - 4.30% APY
Capital One - 3.50% APY
Carver Bank - 4.00% APY
Charles Schwab Bank - 0.15% APY
Chase Bank - 0.01% APY
Chime - 1.25-3.75% APY
CIBC Bank USA - 4.02% APY
CIT Bank - 0.25-3.85% APY
Citibank - 3.40% APY
Citizens Access™ - 3.50% APY
Colorado Federal Savings Bank - 4.15% APY
ConnectOne Bank - 3.75% APY
Customers Bank - 3.98% APY
Discover Bank - 3.50% APY
E*TRADE from Morgan Stanley - 3.75% APY
EverBank - 4.05% APY
Evergreen Bank Group - 4.25% APY
First Foundation Bank - 4.25% APY
Fitness Bank - 4.75% APY
Flagstar Bank - 4.00% APY
FNBO Direct - 3.25% APY
Forbright Bank - 4.25% APY
FVCbank - 4.10% APY
GO2bank - 4.50% APY
High Plains Bank - 0.23-3.82% APY
Jenius Bank - 4.20% APY
LendingClub - 3.20-4.20% APY
Live Oak Bank - 4.00% APY
Marcus by Goldman Sachs - 3.65% APY
MutualOne Bank - 4.07% APY
My Banking Direct - 4.30% APY
MySavingsDirect - 3.75% APY
Neighbors Bank - 4.60% APY
Newtek Bank - 4.35% APY
OMB Bank - 1.00% APY
Openbank - 4.20% APY
Peak Bank - 4.35% APY
Pibank - 4.60% APY
PNC - 3.85% APY
Poppy Bank - 4.25% APY
Popular Direct - 4.10% APY
Presidential Bank - 4.00-4.50% APY
Prime Alliance Bank - 4.05% APY
Primis Bank - 3.85% APY
Quontic Bank - 3.75% APY
RBMAX - 3.90% APY
Rising Bank - 4.20% APY
ROGER - 3.87% APY
Salem Five Direct - 4.01% APY
Sallie Mae Bank - 3.90% APY
Santander Bank - 0.01% APY
SmartyPig - 3.90% APY
SoFi Bank - 4.50% APY
Synchrony Bank - 3.80% APY
TAB Bank - 3.80% APY
TD Bank - 0.05-3.00% APY
The State Exchange Bank - 4.11% APY
TIMBR - 4.40% APY
UFB Direct - 3.90-4.10% APY
Upgrade - 3.42% APY
Valley Direct - 4.10% APY
Varo Bank - 2.50-5.00% APY
Wells Fargo - 0.05-2.51% APY
Western Alliance Bank - 4.20% APY
Zynlo Bank - 4.35% APY

Feature	Elevault	Select a bank...
Product	High Yield Savings Account	N/A
APY	4.34% (as of 9/26/2025)	N/A
Bundled Account	No	N/A
FDIC-insured	Yes	N/A
Online Only	Yes	N/A
Compound Frequency	Daily	N/A
Minimum Deposit	$0	N/A
Minimum Balance for APY	$0	N/A
Maintenance Fee	$0	N/A
Direct Deposit Required	No	N/A
Note	The 4.34% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500.	N/A

Bank-to-Bank Comparisons

Compare Elevault's APY of 4.34% with other banks

Bank Pair	Competitor APY	Min Deposit
Elevault vs Ally Bank	3.40%	$0
Elevault vs American Express	3.50%	$0
Elevault vs Axos Bank	4.46%	$0
Elevault vs Bank of America	0.01%	$100
Elevault vs Barclays	4.10%	$0
Elevault vs BrioDirect	4.30%	$5,000
Elevault vs Capital One	3.50%	$0
Elevault vs Chase Bank	0.01%	$0
Elevault vs Chime	3.75%	$0
Elevault vs CIT Bank	3.85%	$100
Elevault vs Discover Bank	3.50%	$0
Elevault vs EverBank	4.05%	$0
Elevault vs Fitness Bank	4.75%	$100
Elevault vs FVCbank	4.10%	$500
Elevault vs GO2bank	4.50%	$0
Elevault vs Marcus by Goldman Sachs	3.65%	$0
Elevault vs Neighbors Bank	4.60%	$0
Elevault vs Newtek Bank	4.35%	$0
Elevault vs Peak Bank	4.35%	$100
Elevault vs Pibank	4.60%	$0
Elevault vs Presidential Bank	4.50%	$5,000
Elevault vs Santander Bank	0.01%	$25
Elevault vs SoFi Bank	4.50%	$0
Elevault vs Synchrony Bank	3.80%	$0
Elevault vs TIMBR	4.40%	$1,000
Elevault vs UFB Direct	4.10%	$5000
Elevault vs Varo Bank	5.00%	$0
Elevault vs Wells Fargo	2.51%	$25
Elevault vs Zynlo Bank	4.35%	$10