Elevault: Savings Account & Rates
Mission: Banksparency aims to make Elevault's savings account transparent and comparable to the market.
Analysis of Elevault
Our verdict
Elevault offers High Yield Savings Account, a high-yield savings account paying 4.34% APY with no minimum deposit.
At 4.34% APY, Elevault pays 11x the national average (0.38%). Ranks in the top tier of 97+ accounts tracked.
Ideal User Profile
- Best for: banking without needing a branch.
Important Considerations
Key Differentiators
- Stands out with A BBB rating.
Savings Overview
High Yield Savings Account
| Min. Deposit | $0 |
| Min. Balance | $0 |
| Maintenance Fee | $0 |
Prefer In-Person Banking?
This bank is online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
Bank Overview
- HQ LocationArkadelphia, Arkansas
- Founded1884
- AffiliationElevault is a product by Southern Bancorp Bank
- Ratings & Trust
- Zelle® SupportNo SupportStandard ACH or Wire transfers only.
- Deposit InsuranceFDIC Insured(Cert: 1528)
Top Market Contenders
Savings Account: In-Depth View
Savings Account Offered by Elevault
| Feature | High Yield Savings Account |
|---|---|
APY | 4.34%Verified: 7/6/2026 |
APY Trend | Rate Increased +0.52% Since 90 days ago |
Min. Deposit | $0 |
Min. Balance | $0 |
Monthly Fee | $0 |
Direct Deposit | None |
Checking Bundle | No |
Branch Access | None |
Compounding | Daily |
FDIC Insured | Yes |
Eligibility | United States |
Important | The 4.34% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. |
| Next Steps | - |
Calculate Savings for Elevault
Savings Breakdown
- Interest Earned+$1,708.80(10.9%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$15,708.80
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Elevault Savings Rates Over Time
Historical APY Insights
Last 11 Months| Metric | High Yield Savings Account |
|---|---|
Latest APY | 4.34% |
Trend | Sideways |
Slope (bps/mo) | -2.7 |
Rate Changes / Mo | 0.36 |
Days Since Last Change | 61 |
High (-11m) | 4.60% |
Low (-11m) | 3.82% |
Draw-down | -5.7% |
Volatility (CV) | 0.069 |
How to read these metrics▼
Trends & Velocity
- Trend
- The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
- Slope (bps/mo)
- Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
- Rate Changes / Mo
- "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.
Risk & Range
- High/Low
- The absolute ceiling and floor of the rate during the 334-day window.
- Volatility Score
- Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
- Days Since Change
- If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.
Why track this? Understanding volatility helps you avoid "bait-and-switch" rates. A steady, rising slope is ideal; high volatility often signals a temporary teaser rate.
Compare with Elevault
| Feature | Current View Elevault | Empty Slot |
|---|---|---|
| Product | High Yield Savings Account | - |
APY | 4.34%Verified: 7/6/2026 | - |
APY Trend | Rate Increased +0.52% Since 90 days ago | - |
| Min. Deposit | $0 | - |
| Monthly Fee | $0 | - |
Direct Deposit | No | - |
Checking Bundle | No | - |
| Branch Access | None | - |
| Eligibility | United States | - |
Compounding | Daily | - |
FDIC Insured | Yes | - |
| Note | The 4.34% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. | - |
| Next Steps | - | - |
Bank-to-Bank Comparisons
Compare Elevault's APY of 4.34% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Elevault vs Ally Bank | 3.10% | $0 |
| Elevault vs American Express | 3.10% | $0 |
| Elevault vs Axos Bank | 4.21% | $0 |
| Elevault vs Barclays | 3.65% | $0 |
| Elevault vs Capital One | 3.00% | $0 |
| Elevault vs Chime | 3.00% | $0 |
| Elevault vs CIT Bank | 3.75% | $100 |
| Elevault vs Discover Bank | 3.30% | $0 |
| Elevault vs EverBank | 3.90% | $0 |
| Elevault vs Marcus by Goldman Sachs | 3.40% | $0 |
| Elevault vs Newtek Bank | 4.20% | $0.01 |
| Elevault vs Openbank | 4.00% | $500 |
| Elevault vs Pibank | 4.10% | $0 |
| Elevault vs SoFi Bank | 3.80% | $0 |
| Elevault vs Synchrony Bank | 3.30% | $0 |
| Elevault vs Varo Bank | 5.00% | $0 |
| Elevault vs Wealthfront | 4.20% | $0 |
Alternatives to Elevault
Banks with Higher/Similar Savings APY
For a top list of the highest savings rates, see all HYSA top rates
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Bright Savings: 3.46% APY
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