Elevault: Savings Account & Rates
Mission: Banksparency aims to make Elevault's savings account transparent and comparable to the market.
Savings Overview
High Yield Savings Account
| Min. Deposit | $0 |
| Min. Balance | $0 |
| Maintenance Fee | $0 |
Market Reality Check
This bank offers rates below the current top tier. The best rates we track are currently above 4.21% APY.
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)
Our Take on Elevault
The Good
- Decent APY of 3.82%
- No minimum deposit or balance requirements
- No monthly maintenance fees
Considerations
- APY drastically decreases for balances over $250,000
- No physical branch access (online only)
Elevault offers a High Yield Savings Account with an attractive APY of 3.82% for balances up to $250,000. However, balances exceeding this limit earn no interest, and there is a daily deposit limit of $2,500. This account does not require direct deposit and has no minimum deposit or balance requirements, making it accessible for various savers. Additionally, there are no monthly maintenance fees. It's important to note that the APY is tiered, meaning it decreases for higher balances, and the bank operates online only, with no physical branch access.
Top Market Contenders
Savings Account: In-Depth View
Savings Account Offered by Elevault
| Feature | High Yield Savings Account |
|---|---|
APY | 3.82%Verified: 1/7/2026 |
APY Trend | 30 days ↘︎ 0.26% 90 days ↘︎ 0.52% |
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 3.82% 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+$1,494.10(9.6%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$15,494.10
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 5 Months| Metric | High Yield Savings Account |
|---|---|
Latest APY | 3.82% |
Trend | Falling |
Slope (bps/mo) | -17.7 |
Rate Changes / Mo | 0.58 |
Days Since Last Change | 22 |
High (-5m) | 4.60% |
Low (-5m) | 3.82% |
Draw-down | -17.0% |
Volatility (CV) | 0.064 |
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 154-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 | 3.82%Verified: 1/7/2026 | - |
APY Trend | 30 days ↘︎ 0.26% 90 days ↘︎ 0.52% | - |
| 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 3.82% 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 3.82% with other banks
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