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 3.82% 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? Axos Bank pays $39 more than Elevault annually ($421 vs $382).
Choose Axos Bank if getting the best rate matters most, or mobile app quality matters.
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 Mar 7, 2026 | ElevaultHigh Yield Savings Account Mar 7, 2026 |
|---|---|---|
| APY | 4.21% | 3.82% |
Est. Earnings | $5,000+$211 $10,000+$421 $25,000+$1,053 | $5,000+$191 $10,000+$382 $25,000+$955 |
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 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 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
Axos Bank offers a competitive savings option with its Axos ONE product, providing a higher APY of 4.21% when bundled with a checking account, making it ideal for customers looking for better returns on their deposits. Alternatively, the Summit Savings account offers a straightforward 3.75% APY without any bundling or direct deposit requirements. In comparison, Elevault's High Yield Savings Account provides a solid APY of 3.82% but limits interest-earning balances to $250,000 and has a daily deposit cap of $2,500. Both banks operate online only and have no maintenance fees.
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 potential APY (3.75%-4.21% vs 3.82%) on all balances
- ✓Higher rated iOS app (4.7 vs 3.7)
- ✓Higher rated Android app (4.6 vs 3.9)
- ✓Offers 2 different high-yield savings options
Why Elevault?
No distinct advantages found vs Axos Bank.
— Key Feature Differences —
Better Returns at $10,000
Axos BankAxos Bank's Axos ONE earns more on smaller deposits (approx. $421 vs $382/yr).
Better Returns at $25,000
Axos BankAxos Bank's Axos ONE pulls ahead with larger amounts (approx. $1053 vs $955/yr).
Best for Simplicity
Axos BankAxos Bank's Summit Savings offers 3.75% APY with no bundling, direct deposit requirement or caps.
Best for All-in-One Banking
Axos BankAxos Bank's Axos ONE pays a superior APY for customers who also open a checking account.
Best Mobile App Experience
Axos BankAxos Bank offers an iOS app rated 4.7 (vs. 3.7) and Android app rated 4.6 (vs. 3.9)
Shared Benefits
Over a 1-year period, Axos Bank's Axos ONE pays $39 more interest on a $10,000 balance than Elevault's High Yield Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
* Secure link to our partner
Non-sponsored link to official site
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Axos Bank vs. Elevault Savings Calculator
You earn $39 more with Axos Bank than Elevault 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
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.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $381 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: 3/7/2026 ↘︎ 0.10%90d Change | 3.82% Verified: 3/7/2026 ↘︎ 0.26%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 3.82% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. |
| Next Steps | Visit SiteGo to Axos Bank * Secure link to our partner | 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% | 3.82% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -5.3 | -4.8 | -0.0 | -14.0 |
Days Since Change | 86 | 35 | 213 | 81 |
7-Month High | 4.00% | 4.51% | 0.61% | 4.60% |
7-Month Low | 3.75% | 4.21% | 0.61% | 3.82% |
Adjustments / Mo | 0.14 | 0.42 | 0.00 | 0.42 |
Volatility Score | 0.032 | 0.026 | 0.000 | 0.072 |
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 3.82% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Elevault vs Ally Bank | 3.20% | $0 |
| Elevault vs American Express | 3.30% | $0 |
| Elevault vs Bank of America | 0.01% | $100 |
| Elevault vs Barclays | 3.85% | $0 |
| Elevault vs Capital One | 3.30% | $0 |
| Elevault vs Chase Bank | 0.01% | $0 |
| Elevault vs Chime | 3.00% | $0 |
| Elevault vs CIT Bank | 3.75% | $100 |
| Elevault vs Citibank | 3.20% | $0 |
| Elevault vs Discover Bank | 3.30% | $0 |
| Elevault vs EverBank | 3.90% | $0 |
| Elevault vs Marcus by Goldman Sachs | 3.65% | $0 |
| Elevault vs Newtek Bank | 4.20% | $0.01 |
| Elevault vs Openbank | 4.09% | $500 |
| Elevault vs Pibank | 4.60% | $0 |
| Elevault vs SoFi Bank | 4.00% | $0 |
| Elevault vs Synchrony Bank | 3.50% | $0 |
| Elevault vs Varo Bank | 5.00% | $0 |
| Elevault vs Wealthfront | 4.20% | $0 |
| Elevault vs Wells Fargo | 0.05% | $25 |