Ally Bank vs Elevault
High-Yield Savings Accounts Comparison
Last Updated: September 5, 2025
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Summary of Ally Bank vs. Elevault
As of September 5, 2025 Ally Bank offers an APY of 3.50% for its Savings Account, with a minimum balance of $0, compared to Elevault's 4.60% APY for its High Yield Savings Account, with a minimum balance of $0.
Elevault yields $110 more than Ally Bank on a $10,000 balance after one year. Ally Bank pays $350, while Elevault pays $460 - an APY advantage for Elevault.
Ally Bank
Strengths
- Ally Bank has a strong App Store rating of 4.7.
- No maintenance fees for the Savings Account at Ally Bank.
- Ally Bank offers a competitive APY of 3.50%.
Potential Drawbacks
- Ally Bank's APY is lower than Elevault's 4.60%.
Elevault
Strengths
- Elevault offers a higher APY of 4.60% for its High Yield Savings Account.
- Elevault has no maintenance fees for its accounts.
- Elevault's Google Play rating is 4.0.
Potential Drawbacks
- Elevault is not BBB Accredited despite having an A+ rating.
Summary: Ally Bank provides a solid APY of 3.50% and a higher App Store rating of 4.7, while Elevault offers a superior APY of 4.60% but lacks BBB accreditation. Both banks have no maintenance fees, but Elevault's ratings are lower overall. Customers may prefer Ally for better app performance, while those seeking higher interest may opt for Elevault.
Compare Ally Bank's vs Elevault's Savings Accounts
| Ally Bank | Elevault | ||
|---|---|---|---|
| Product | Savings Account | vs | High Yield Savings Account |
| APY | 3.50% (as of 9/5/2025) | 4.60% (as of 9/5/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $0 | $0 | |
| Minimum Balance for APY | $0 | $0 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No | |
| Note | The 4.60% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. | ||
| App Store Rating | 4.7/5 | 3.9/5 | |
| Google Play Rating | 4.4/5 | 4.0/5 | |
| BBB Rating | A+ | A+ |
Comparative Historical APY Insights (Last 1 Month)
| Ally Bank | Elevault | ||
|---|---|---|---|
| Product | Savings Account | vs | High Yield Savings Account |
| Latest APY | 3.50 % | 4.60 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | 0.0 | 0.0 | |
| Rate Changes / Mo | 0.00 | 0.00 | |
| Days Since Last Change | 29 | 29 | |
| High (-1 m) | 3.50 % | 4.60 % | |
| Low (-1 m) | 3.50 % | 4.60 % | |
| Draw-down from High | 0.0 % | 0.0 % | |
| Volatility (CV) | 0.000 | 0.000 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 1 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 (-1 m)
- Highest APY in the last 30 days.
- Low (-1 m)
- Lowest APY in the last 30 days.
- Draw-down from High
- How far today sits below the 1-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.
Calculate Savings Growth for Ally Bank vs Elevault
All calculations are based on APY.
Ally Bank
APY: 3.50%
Total savings breakdown:
- Interest earned: $2,114.1 (10.51%)
- Total contributions: $13,000 (64.63%)
- Initial deposit: $5,000 (24.86%)
Your total balance
$20,114.10
Effective APY: 3.50% (based on your deposit and contributions)
Total balance: $20,114.1
Earnings: $2,114.1
Bank OverviewElevault
APY: 4.60%
Total savings breakdown:
- Interest earned: $2,825.8 (13.57%)
- Total contributions: $13,000 (62.42%)
- Initial deposit: $5,000 (24.01%)
Your total balance
$20,825.80
Effective APY: 4.60% (based on your deposit and contributions)
Total balance: $20,825.8
Earnings: $2,825.8
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Ally Bank's total earnings would be $711.7 lower than Elevault's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
More Comparisons
Compare Ally Bank's APY of 3.50% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Ally Bank vs American Express | 3.50% | $0 |
| Ally Bank vs Axos Bank | 4.46% | $0 |
| Ally Bank vs Bank of America | 0.01% | $100 |
| Ally Bank vs Barclays | 4.10% | $0 |
| Ally Bank vs BrioDirect | 4.30% | $5,000 |
| Ally Bank vs Capital One | 3.50% | $0 |
| Ally Bank vs Chase Bank | 0.01% | $0 |
| Ally Bank vs Chime | 3.75% | $0 |
| Ally Bank vs CIT Bank | 4.00% | $100 |
| Ally Bank vs Discover Bank | 3.50% | $0 |
| Ally Bank vs EverBank | 4.30% | $0 |
| Ally Bank vs Fitness Bank | 4.75% | $100 |
| Ally Bank vs FVCbank | 4.35% | $500 |
| Ally Bank vs GO2bank | 4.50% | $0 |
| Ally Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Ally Bank vs Neighbors Bank | 4.60% | $0 |
| Ally Bank vs Newtek Bank | 4.35% | $0 |
| Ally Bank vs Peak Bank | 4.35% | $100 |
| Ally Bank vs Pibank | 4.60% | $0 |
| Ally Bank vs Presidential Bank | 4.50% | $5,000 |
| Ally Bank vs Santander Bank | 0.03% | $25 |
| Ally Bank vs SoFi Bank | 3.80% | $0 |
| Ally Bank vs Synchrony Bank | 3.80% | $0 |
| Ally Bank vs TIMBR | 4.40% | $1,000 |
| Ally Bank vs UFB Direct | 4.21% | $5000 |
| Ally Bank vs Varo Bank | 5.00% | $0 |
| Ally Bank vs Wells Fargo | 2.51% | $25 |
| Ally Bank vs Zynlo Bank | 4.35% | $10 |
Compare Elevault's APY of 4.60% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Elevault vs American Express | 3.50% | $0 |
| Elevault vs Axos Bank | 4.46% | $0 |
| Elevault vs Bank of America | 0.01% | $100 |
| Elevault vs Barclays | 4.10% | $0 |
| Elevault vs BrioDirect | 4.30% | $5,000 |
| Elevault vs Capital One | 3.50% | $0 |
| Elevault vs Chase Bank | 0.01% | $0 |
| Elevault vs Chime | 3.75% | $0 |
| Elevault vs CIT Bank | 4.00% | $100 |
| Elevault vs Discover Bank | 3.50% | $0 |
| Elevault vs EverBank | 4.30% | $0 |
| Elevault vs Fitness Bank | 4.75% | $100 |
| Elevault vs FVCbank | 4.35% | $500 |
| Elevault vs GO2bank | 4.50% | $0 |
| Elevault vs Marcus by Goldman Sachs | 3.65% | $0 |
| Elevault vs Neighbors Bank | 4.60% | $0 |
| Elevault vs Newtek Bank | 4.35% | $0 |
| Elevault vs Peak Bank | 4.35% | $100 |
| Elevault vs Pibank | 4.60% | $0 |
| Elevault vs Presidential Bank | 4.50% | $5,000 |
| Elevault vs Santander Bank | 0.03% | $25 |
| Elevault vs SoFi Bank | 3.80% | $0 |
| Elevault vs Synchrony Bank | 3.80% | $0 |
| Elevault vs TIMBR | 4.40% | $1,000 |
| Elevault vs UFB Direct | 4.21% | $5000 |
| Elevault vs Varo Bank | 5.00% | $0 |
| Elevault vs Wells Fargo | 2.51% | $25 |
| Elevault vs Zynlo Bank | 4.35% | $10 |