Elevault: Savings Accounts & Rates

By Aviel Fahl

Savings rates updated: 11/11/2025

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

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

We earn a commission if you open an account through some links on this page.

Savings Overview

High Yield Savings Account: 4.08% APY(Rank 22 out of 82 tracked HYSAs)

Minimum Deposit: $0 | Online Only

National Savings Interest Rate: 0.4% (as of 10/20/2025)

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: 3.7/5

Google Play Rating: 3.9/5

Website: Visit Elevault

Our Take on Elevault

Highlights

  • High Yield Savings Account offers a 4.08% APY, competitive for the market.
  • No minimum deposit or balance requirements, making it accessible.
  • No maintenance fees, allowing for better savings growth.
  • A+ BBB rating indicates a strong level of trust.

Considerations

  • Current APY decreased from 4.34% in the last 30 days.
  • Daily deposit limit of $2,500 may restrict larger contributions.
  • Online-only bank may not suit those preferring in-person service.
  • Not BBB Accredited, which may raise concerns for some.
Summary: Elevault's High Yield Savings Account features a competitive 4.08% APY with no minimum deposit or maintenance fees, making it appealing for savers. However, the APY has decreased from 4.34% in the last month. The daily deposit limit of $2,500 could limit larger savers. With an A+ BBB rating but lacking accreditation, the bank offers a mixed trust profile. Its online-only nature may not cater to all preferences.

Savings Account: In-Depth View

Savings Account Offered by Elevault

FeatureHigh Yield Savings Account
APY
4.08% (as of 11/11/2025)
APY Trend-0.26% MoM/-0.52% QoQ
Minimum Deposit$0
Minimum Balance for APY$0
FDIC-insured
Yes
Online OnlyYes
Bundled Account
No
Direct Deposit Required
No
Compound Frequency
Daily
Maintenance Fee$0
EligibilityUnited States
NoteThe 4.08% 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.

High Yield Savings Account (APY: 4.08%)

Deposit Frequency:

Total savings breakdown:

  • Interest earned: $1,601.1 (10.26%)
  • Total contributions: $13,000 (83.33%)
  • Initial deposit: $1,000 (6.41%)

Your total balance

$15,601.10

Effective APY: 4.08% (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

MetricHigh Yield Savings Account
Latest APY4.08 %
TrendFalling
Slope (bps/mo)-15.8
Rate Changes / Mo0.62
Days Since Last Change7
High (-3 m)4.60 %
Low (-3 m)4.08 %
Draw-down from High-11.3 %
Volatility (CV)0.039
APY Insights Glossary
Latest APY
Most recent advertised annual-percentage yield.
Trend
Direction over the last 3 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 (-3 m)
Highest APY in the last 97 days.
Low (-3 m)
Lowest APY in the last 97 days.
Draw-down from High
How far today sits below the 3-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 - 3.30% APY
  • Amalgamated Bank - 2.25% APY
  • American Express - 3.50% APY
  • Ameriprise Bank - 3.15-3.15% APY
  • Axos Bank - 4.51% APY
  • Bank5 Connect - 3.85% APY
  • Bank of America - 0.01% APY
  • Barclays - 3.90-4.10% APY
  • Bask Bank - 3.90% APY
  • Betterment - 3.50% APY
  • BMO Alto - 3.25% APY
  • Bread Savings - 4.20% APY
  • BrioDirect - 4.00% APY
  • Capital One - 3.40% APY
  • Carver Bank - 4.00% APY
  • Charles Schwab Bank - 0.15% APY
  • Chase Bank - 0.01% APY
  • Chime - 1.00-3.50% APY
  • CIBC Bank USA - 3.92% APY
  • CIT Bank - 0.25-3.85% APY
  • Citibank - 3.35% APY
  • Citizens Access™ - 3.35% APY
  • Colorado Federal Savings Bank - 4.05% APY
  • ConnectOne Bank - 3.60% APY
  • Customers Bank - 3.73% APY
  • Discover Bank - 3.40% APY
  • E*TRADE from Morgan Stanley - 3.75% APY
  • EverBank - 4.05% APY
  • Evergreen Bank Group - 4.25% APY
  • First Foundation Bank - 4.00% APY
  • Fitness Bank - 4.75% APY
  • Flagstar Bank - 3.75% APY
  • FNBO Direct - 3.00% APY
  • Forbright Bank - 4.00% APY
  • FVCbank - 3.85% 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 - 3.90% APY
  • Marcus by Goldman Sachs - 3.65% APY
  • MutualOne Bank - 4.07% APY
  • My Banking Direct - 4.11% APY
  • MySavingsDirect - 3.75% APY
  • Neighbors Bank - 4.50% APY
  • Newtek Bank - 4.35% APY
  • OMB Bank - 1.00% APY
  • Openbank - 4.20% APY
  • Peak Bank - 4.20% APY
  • Pibank - 4.60% APY
  • PNC - 3.70% APY
  • Poppy Bank - 4.00% APY
  • Popular Direct - 4.00% APY
  • Presidential Bank - 3.75-4.25% APY
  • Prime Alliance Bank - 3.90% APY
  • Primis Bank - 3.85% APY
  • Quontic Bank - 3.75% APY
  • RBMAX - 3.90% APY
  • Rising Bank - 4.00% APY
  • ROGER - 3.87% APY
  • Salem Five Direct - 3.71% 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 - 0.05-2.75% APY
  • The State Exchange Bank - 3.96% APY
  • TIMBR - 4.40% APY
  • UFB Direct - 3.51-3.71% APY
  • Upgrade - 3.05% APY
  • Valley Direct - 4.10% APY
  • Varo Bank - 2.50-5.00% APY
  • Wells Fargo - 0.05-0.05% APY
  • Western Alliance Bank - 4.05% APY
  • Zynlo Bank - 4.20% APY
FeatureElevaultSelect a bank...
ProductHigh Yield Savings Account N/A
APY
4.08% (as of 11/11/2025)N/A
Bundled Account
NoN/A
FDIC-insured
YesN/A
Online OnlyYesN/A
Compound Frequency
DailyN/A
Minimum Deposit$0N/A
Minimum Balance for APY$0N/A
Maintenance Fee$0N/A
Direct Deposit Required
NoN/A
NoteThe 4.08% 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 4.08% with other banks
Bank PairCompetitor APYMin Deposit
Elevault vs Ally Bank3.30%$0
Elevault vs American Express3.50%$0
Elevault vs Axos Bank4.51%$0
Elevault vs Bank of America0.01%$100
Elevault vs Barclays4.10%$0
Elevault vs Bask Bank3.90%$0
Elevault vs BrioDirect4.00%$5,000
Elevault vs Capital One3.40%$0
Elevault vs Chase Bank0.01%$0
Elevault vs Chime3.50%$0
Elevault vs CIT Bank3.85%$100
Elevault vs Citizens Access™3.35%$0.01
Elevault vs Discover Bank3.40%$0
Elevault vs EverBank4.05%$0
Elevault vs Fitness Bank4.75%$100
Elevault vs FNBO Direct3.00%$1
Elevault vs FVCbank3.85%$500
Elevault vs GO2bank4.50%$0
Elevault vs LendingClub4.20%$0
Elevault vs Marcus by Goldman Sachs3.65%$0
Elevault vs Neighbors Bank4.50%$0
Elevault vs Newtek Bank4.35%$0
Elevault vs Peak Bank4.20%$100
Elevault vs Pibank4.60%$0
Elevault vs Presidential Bank4.25%$5,000
Elevault vs Santander Bank0.01%$25
Elevault vs SoFi Bank4.50%$0
Elevault vs Synchrony Bank3.80%$0
Elevault vs TIMBR4.40%$1,000
Elevault vs UFB Direct3.71%$5000
Elevault vs Valley Direct4.10%$1,000
Elevault vs Varo Bank5.00%$0
Elevault vs Wells Fargo0.05%$25
Elevault vs Zynlo Bank4.20%$10

Alternatives to Elevault

Banks with Higher/Similar Savings APY

For a top list of the highest savings rates, see all HYSA top rates

Forbright Bank

Growth Savings: 4.00% APY

Minimum Deposit: $0

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Bright Savings: 3.65% APY

Minimum Deposit: $250

Eligible States: Limited (see details)

Sprout Savings: 3.65% APY

Minimum Deposit: $1

Eligible States: Limited (see details)

Carver Bank

High Yield Savings: 4.00% APY

Minimum Deposit: $5,000

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Colorado Federal Savings Bank

High Yield Savings: 4.00% APY

Minimum Deposit: $1

Online Only

Premier Savings: 4.05% APY

Minimum Deposit: $50,000

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TIMBR

Premium Savings Account: 4.40% APY

Minimum Deposit: $1,000

Online Only

Poppy Bank

Poppy Personal Savings: 0.10% APY

Minimum Deposit: $1,000

Poppy Premier Online Savings: 4.00% APY

Minimum Deposit: $1,000

Online Only

Poppy Premier Personal Savings: 0.50% APY

Minimum Deposit: $1,000

Evergreen Bank Group

High-Yield Online Savings: 4.25% APY (Inactive)

Minimum Deposit: $100

Online Only

My Banking Direct

High Yield Savings Account: 4.11% APY

Minimum Deposit: $500

Online Only

First Foundation Bank

Online Savings: 4.00% APY

Minimum Deposit: $1,000

Online Only

GO2bank

High Yield Savings: 4.50% APY

Minimum Deposit: $0

Online Only

Peak Bank

Envision High Yield Savings: 4.20% APY

Minimum Deposit: $100

Online Only

Presidential Bank

Advantage Savings: 4.25% APY

Bundled Savings & Checking Account

Minimum Deposit: $5,000

Direct Deposit: To earn the higher APY you need a monthly direct deposit into an Advantage Checking Account of $500.

Fitness Bank

Fitness Savings Account: 4.45% APY

Minimum Deposit: $100

Online Only

Fitness Elite Checking & Fitness Savings Combo: 4.75% APY

Bundled Savings & Checking Account

Minimum Deposit: $100

Online Only