Axos Bank vs. Elevault
Comparing Axos Bank and Elevault for high-yield savings: Axos Bank's Axos ONE pays 4.21% APY while Elevault's High Yield Savings Account pays 4.34% APY.
Note: Axos Bank requires a checking account, while Elevault caps its top rate at $250,000.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Elevault pays $13 more than Axos Bank annually ($434 vs $421).
Choose Axos Bank if mobile app quality matters, or choose Elevault if getting the best rate matters most.
Important Considerations
Axos Bank requires a checking account to unlock its top savings rate, while Elevault offers its savings account standalone.
| Metric | Axos BankAxos ONE Jul 20, 2026 | ElevaultHigh Yield Savings Account Jul 20, 2026 |
|---|---|---|
| APY | 4.21% | 4.34% |
Est. Earnings | $5,000+$211 $10,000+$421 $25,000+$1,053 | $5,000+$217 $10,000+$434 $25,000+$1,085 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | The 4.21% APY is available with the Axos ONE savings and checking bundle. The checking account earns 0.51% APY. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of more than $1,500 in your ONE Checking account, or receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000. | The 4.34% 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 AppChecking BundleDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsDaily CompoundingRate Changes Often |
Prefer In-Person Banking?
Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
Executive Summary
Elevault offers a High Yield Savings Account with a competitive APY of 4.34%, making it the higher-yield option compared to Axos Bank's Axos ONE, which provides an APY of 4.21% when bundled with a checking account. Both banks feature online-only services and have no maintenance fees or minimum balance requirements. While the Axos ONE account requires either a direct deposit of $1,500 or $5,000 in monthly qualifying deposits to earn the highest APY, Elevault does not impose such conditions but limits interest on balances above $250,000. For those seeking simplicity, Axos Bank's Summit Savings offers a lower APY of 3.75% without any bundling or direct deposit requirements.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Axos Bank?
- ✓Earn 0.51% APY on checking account
- ✓Access to 95,000 fee-free ATMs
- ✓Higher rated iOS app (4.7 vs 3.5)
- ✓Higher rated Android app (4.6 vs 3.9)
- ✓Offers 2 different high-yield savings options
Why Elevault?
- ✓Higher potential APY (4.34% vs 3.75%-4.21%) on all balances
— Key Feature Differences —
Better Returns at $10,000
ElevaultElevault's High Yield Savings Account earns more on smaller deposits (approx. $434 vs $421/yr).
Better Returns at $25,000
ElevaultElevault's High Yield Savings Account pulls ahead with larger amounts (approx. $1085 vs $1053/yr).
Best for Simplicity
Axos BankAxos Bank's Summit Savings offers 3.75% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Axos BankAxos Bank offers an iOS app rated 4.7 (vs. 3.5) and Android app rated 4.6 (vs. 3.9)
Shared Benefits
Over a 1-year period, Elevault's High Yield Savings Account pays $13 more interest on a $10,000 balance than Axos Bank's Axos ONE.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Non-sponsored link to official site
Non-sponsored link to official site
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Axos Bank vs. Elevault Savings Calculator
You earn $13 more with Elevault than Axos 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.
Axos Bank
Axos ONE
Savings Breakdown
- Interest Earned+$421.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,421.00
Elevault
High Yield Savings Account
4.34% on first $250,000 and 0.00% thereafter.
Savings Breakdown
- Interest Earned+$434.00(4.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,434.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $420 per year in interest.
Both Axos Bank and Elevault dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Axos Bank | Elevault |
|---|---|---|
| APY | 4.21% Verified: 7/20/2026 Stable (90d) | 4.34% Verified: 7/20/2026 ↗︎ 0.52%90d Change |
| Product Name | Axos ONE | High Yield Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | None | N/A |
| Direct Deposit Req. | Not required, but is the easiest way to earn the highest APY. | None |
| Checking Bundle | Yes | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A+ | A |
| Important Notes | The 4.21% APY is available with the Axos ONE savings and checking bundle. The checking account earns 0.51% APY. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of more than $1,500 in your ONE Checking account, or receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000. | The 4.34% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. |
| Next Steps | Visit SiteVerify at Axos 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 | Axos Bank | Elevault | ||
|---|---|---|---|---|
| Summit Savings | Axos ONE | High Yield Savings | High Yield Savings Account | |
Current APY | 3.75% | 4.21% | 0.61% | 4.34% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -2.9 | -3.2 | -0.0 | -1.8 |
Days Since Change | 221 | 170 | 348 | 75 |
11-Month High | 4.00% | 4.51% | 0.61% | 4.60% |
11-Month Low | 3.75% | 4.21% | 0.61% | 3.82% |
Adjustments / Mo | 0.09 | 0.26 | 0.00 | 0.34 |
Volatility Score | 0.030 | 0.028 | 0.000 | 0.068 |
How to read these metrics(Click to expand)
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Compare Axos Bank's APY of 4.21% with other banks
Compare Elevault's APY of 4.34% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Elevault vs Ally Bank | 3.10% | $0 |
| Elevault vs American Express | 3.00% | $0 |
| Elevault vs Barclays | 3.65% | $0 |
| Elevault vs Capital One | 3.00% | $0 |
| Elevault vs Chime | 3.00% | $0 |
| Elevault vs CIT Bank | 3.75% | $100 |
| Elevault vs Discover Bank | 3.30% | $0 |
| Elevault vs EverBank | 3.90% | $0 |
| Elevault vs Marcus by Goldman Sachs | 3.40% | $0 |
| Elevault vs Newtek Bank | 4.20% | $0.01 |
| Elevault vs Openbank | 4.00% | $500 |
| Elevault vs Pibank | 4.10% | $0 |
| Elevault vs SoFi Bank | 3.80% | $0 |
| Elevault vs Synchrony Bank | 3.30% | $0 |
| Elevault vs Varo Bank | 5.00% | $0 |
| Elevault vs Wealthfront | 4.20% | $0 |