American Express vs. Elevault
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | American ExpressHigh Yield Savings 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 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.
Comparison Analysis
Comparing American Express vs. Elevault
As of American Express offers an APY of 3.30% for its High Yield 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 American Express on a $10,000 balance after one year. American Express pays $330, while Elevault pays $382 - an APY advantage for Elevault.
Why American Express?
- ✓No checking account or direct deposit required
- ✓Higher rated iOS app (4.9 vs 3.7)
- ✓Fast transfers via Zelle®
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
American ExpressAmerican Express's High Yield Savings Account offers 3.30% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Elevault's High Yield Savings Account pays $52 more interest on a $10,000 balance than American Express's High Yield 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 a competitive APY of 3.82%, making it the winner among the two banks. This account is online-only and allows deposits up to $250,000, with a daily deposit limit of $2,500, but balances above that threshold earn no interest. In comparison, American Express provides a High Yield Savings Account with a lower APY of 3.30%. Both accounts have no minimum deposit or maintenance fees and do not require direct deposit. However, Elevault's higher yield makes it a more attractive option for savers.
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
American Express vs. Elevault Savings Calculator
You earn $52 more with Elevault than American Express 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.
American Express
High Yield 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 | American Express | Elevault |
|---|---|---|
| APY | 3.30% Verified: 1/21/2026 ↘︎ 0.20%90d Change | 3.82% Verified: 1/21/2026 ↘︎ 0.52%90d Change |
| Product Name | High Yield 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 | iOS4.9 Android3.6 | iOS3.7 Android3.9 |
| Zelle® Support | Available Requires Amex Rewards Checking; not available for standalone HYSA. | Not Supported |
| BBB Rating | F | 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 American Express Non-sponsored link to official site | Visit SiteVerify at Elevault Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | American Express | Elevault |
|---|---|---|
| High Yield Savings Account | High Yield Savings Account | |
Current APY | 3.30% | 3.82% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.9 | -17.3 |
Days Since Change | 22 | 36 |
6-Month High | 3.50% | 4.60% |
6-Month Low | 3.30% | 3.82% |
Adjustments / Mo | 0.36 | 0.54 |
Volatility Score | 0.022 | 0.068 |
How to read these metrics(Click to expand)
Compare Similar High-Yield Accounts
Compare American Express 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.