Ally Bank vs. Elevault
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Ally BankSavings Account Jan 21, 2026 | ElevaultHigh Yield Savings Account Jan 21, 2026 |
|---|---|---|
| APY | 3.30% | 3.82% |
Est. Earnings | $5,000+$165 $10,000+$330 $25,000+$825 | $5,000+$191 $10,000+$382 $25,000+$955 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | - | The 3.82% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® Supported | FDIC InsuredNo Minimums |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.20% APY.
As of Ally Bank offers an APY of 3.30% for its Savings Account, with a minimum balance of $0, compared to Elevault's 3.82% APY for its High Yield Savings Account, with a minimum balance of $0.
Elevault pays $52 more than Ally Bank on a $10,000 balance after one year. Ally Bank pays $330, while Elevault pays $382 - an APY advantage for Elevault.
Why Ally Bank?
- ✓No checking account or direct deposit required
- ✓Higher rated iOS app (4.7 vs 3.7)
- ✓Higher rated Android app (4.4 vs 3.9)
- ✓Fast transfers via Zelle® (up to $5,000 a day)
Why Elevault?
- ✓Higher potential APY (3.82% vs 3.30%) on all balances
— Key Feature Differences —
Better Returns at $10,000
ElevaultElevault's High Yield Savings Account earns more on smaller deposits (approx. $382 vs $330/yr).
Better Returns at $25,000
ElevaultElevault's High Yield Savings Account pulls ahead with larger amounts (approx. $955 vs $825/yr).
Best for Simplicity
Ally BankAlly Bank's Savings Account offers 3.30% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Ally BankAlly Bank offers an iOS app rated 4.7 (vs. 3.7) and Android app rated 4.4 (vs. 3.9)
Shared Benefits
Over a 1-year period, Elevault's High Yield Savings Account pays $52 more interest on a $10,000 balance than Ally Bank's Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Elevault offers a High Yield Savings Account with an APY of 3.82%, making it the winner in this comparison. This account is online-only and allows deposits up to $250,000, with a daily deposit limit of $2,500. In contrast, Ally Bank provides a Savings Account with a competitive APY of 3.30%, also online-only, and with no minimum deposit or maintenance fees. While both accounts have no direct deposit requirements and are FDIC insured, Elevault's higher APY makes it a more attractive option for savers looking to maximize their returns.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Ally Bank vs. Elevault Savings Calculator
You earn $52 more with Elevault than Ally Bank on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Ally Bank
Savings Account
Savings Breakdown
- Interest Earned+$330.00(3.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,330.00
Elevault
High Yield Savings Account
3.82% on first $250,000 and 0.00% thereafter.
Savings Breakdown
- Interest Earned+$382.00(3.7%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,382.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Ally Bank | Elevault |
|---|---|---|
| APY | 3.30% Verified: 1/21/2026 ↘︎ 0.10%90d Change | 3.82% Verified: 1/21/2026 ↘︎ 0.52%90d Change |
| Product Name | Savings Account | High Yield Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.7 Android4.4 | iOS3.7 Android3.9 |
| Zelle® Support | Available Limit: $5,000/dayBenchmark for online Zelle; high limits. | Not Supported |
| BBB Rating | A+ | A |
| Important Notes | - | The 3.82% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. |
| Next Steps | Visit SiteVerify at Ally Bank Non-sponsored link to official site | Visit SiteVerify at Elevault Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Ally Bank | Elevault |
|---|---|---|
| Savings Account | High Yield Savings Account | |
Current APY | 3.30% | 3.82% |
Trend | Stable | Stable |
Velocity (bps/mo) | -4.8 | -17.3 |
Days Since Change | 82 | 36 |
6-Month High | 3.50% | 4.60% |
6-Month Low | 3.30% | 3.82% |
Adjustments / Mo | 0.36 | 0.54 |
Volatility Score | 0.025 | 0.068 |
How to read these metrics(Click to expand)
Compare Similar High-Yield Accounts
Compare Ally Bank vs...
Comparing against Standard Savings
Compare Elevault vs...
Comparing against Standard Savings
High Rates (With Checking Bundle)
Looking for something different? Check out these top-rated alternatives.