Ally Bank vs. Elevault
Compare rates, requirements, and features side-by-side to find the best option for you.
Ally Bank
Savings Account
3.30%APYDec 6, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Ally Bank
Savings Account
Elevault
High Yield Savings Account
4.08%APYDec 6, 2025FDIC InsuredNo MinimumsShow Fine Print & Trends Hide Details
Elevault
High Yield Savings Account
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.25% APY.
Comparison Analysis
Comparing Ally Bank vs. Elevault
Why Ally Bank?
- ✓Higher rated iOS app (4.7 vs 3.7)
- ✓Higher rated Android app (4.4 vs 3.9)
Why Elevault?
- ✓Higher potential APY (4.08% 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. $408 vs $330/yr).
Better Returns at $25,000
ElevaultElevault's High Yield Savings Account pulls ahead with larger amounts (approx. $1020 vs $825/yr).
Best for Simplicity
ElevaultElevault's High Yield Savings Account offers 4.08% 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 $78 more interest on a $10,000 balance than Ally Bank's Savings Account.
Executive Summary
Elevault offers a High Yield Savings Account with a competitive APY of 4.08%, making it the winner in this comparison. This account is online-only and has no minimum deposit, maintenance fees, or direct deposit requirements, which enhances its appeal for simplicity. However, it does have a cap on interest for balances above $250,000 and a daily deposit limit of $2,500. In contrast, Ally Bank provides a Savings Account with a lower APY of 3.30% and is also online-only, with no minimum deposit or maintenance fees. While Ally Bank is noted for its superior mobile app experience, Elevault stands out for its higher returns.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Top Market Contenders
See who beats both Ally Bank and Elevault.
| Feature | Ally Bank | Elevault |
|---|---|---|
| APY | 3.30% Verified: 12/6/2025 ↘︎ 0.20%90d Change | 4.08% Verified: 12/6/2025 ↘︎ 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 |
| BBB Rating | A+ | A+ |
| Important Notes | - | The 4.08% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. |
| Next Steps |
Savings Comparison
Elevault earns $499.3 more than Ally Bank.
Ally Bank
Savings Account
Savings Breakdown
- Interest Earned+$1,987.10(9.9%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$19,987.10
Elevault
High Yield Savings Account
Savings Breakdown
- Interest Earned+$2,486.40(12.1%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,486.40
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Ally Bank | Elevault |
|---|---|---|
| Savings Account | High Yield Savings Account | |
Current APY | 3.30% | 4.08% |
Trend | Stable | Stable |
Velocity (bps/mo) | -6.8 | -16.6 |
Days Since Change | 36 | 32 |
4-Month High | 3.50% | 4.60% |
4-Month Low | 3.30% | 4.08% |
Adjustments / Mo | 0.49 | 0.49 |
Volatility Score | 0.025 | 0.048 |
How to read these metrics(Click to expand)
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