Axos Bank vs. Elevault
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: October 21, 2025
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Summary of Axos Bank vs. Elevault
Key Metrics at a Glance
| Feature | Axos Bank | Elevault |
|---|---|---|
| Top Savings APY | 4.51% Axos ONE | 4.34% High Yield Savings Account |
| Minimum to Open | $0 | $0 |
| Minimum Balance for Top APY | $0 | $0 |
| Note | This APY is only available with the Axos ONE savings and checking bundle. 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. |
Axos Bank
Strengths
- Axos Bank offers a higher APY of 4.51% compared to Elevault's 4.34%.
- Axos Bank has a better App Store rating of 4.7 versus Elevault's 3.8.
- Axos Bank is BBB Accredited, while Elevault is not.
Potential Drawbacks
- Axos Bank requires either direct deposit or qualifying deposits to earn the highest APY.
- Axos Bank has no physical branches, which may limit customer service options.
- Axos Bank's Google Play rating is lower at 4.5 compared to Elevault's 3.9.
Elevault
Strengths
- Elevault's High Yield Savings Account has no interest on balances above $250,000.
- Elevault allows a daily deposit limit of $2,500.
Potential Drawbacks
- Elevault's APY decreased from 4.60% to 4.34% in the last 30 days.
- Elevault has lower App Store and Google Play ratings compared to Axos Bank.
- Elevault is not BBB Accredited, which may affect trust.
Summary: Axos Bank offers a higher APY of 4.51% for its savings accounts compared to Elevault's 4.34%, which has decreased recently. Axos is also BBB Accredited, while Elevault is not. However, Axos requires specific conditions to earn its top APY, unlike Elevault's straightforward account terms. Additionally, Axos Bank has better App Store ratings, but both banks lack physical branches.
→ As of October 21, 2025 Axos Bank offers an APY of 4.51% for its Axos ONE account, with a minimum balance of $0, compared to Elevault's 4.34% APY for its High Yield Savings Account, with a minimum balance of $0.
→ Axos Bank yields $17 more than Elevault on a $10,000 balance after one year. Axos Bank pays $451, while Elevault pays $434 - an APY advantage for Axos Bank.
→ In addition, Axos Bank also offers 4.00% APY for the Summit Savings account.
Calculate Savings Growth for Axos Bank vs Elevault
All calculations are based on APY.
Axos Bank - Axos ONE
Top APY: 4.51%
Total savings breakdown:
- Interest earned: $2,766.7 (13.32%)
- Total contributions: $13,000 (62.60%)
- Initial deposit: $5,000 (24.08%)
Your total balance
$20,766.70
Effective APY: 4.51% (based on your deposit and contributions)
Total balance: $20,766.7
Earnings: $2,766.7
Elevault - High Yield Savings Account
Top APY: 4.34%
Total savings breakdown:
- Interest earned: $2,655.5 (12.86%)
- Total contributions: $13,000 (62.94%)
- Initial deposit: $5,000 (24.21%)
Your total balance
$20,655.50
Effective APY: 4.34% (based on your deposit and contributions)
Total balance: $20,655.5
Earnings: $2,655.5
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Axos Bank's total earnings would be $111.2 higher than Elevault's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Axos Bank's vs Elevault's Savings Accounts
| Axos Bank | Elevault | ||||
|---|---|---|---|---|---|
| Product | Axos ONE | Summit Savings | High Yield Savings | vs | High Yield Savings Account |
| APY | 4.51% (as of 10/21/2025) | 4.00% (as of 10/21/2025) | 0.61% (as of 10/21/2025) | 4.34% (as of 10/21/2025) | |
| Bundled Account | Yes | No | No | No | |
| FDIC-insured | Yes | Yes | Yes | Yes | |
| Online Only | Yes | Yes | Yes | Yes | |
| Compound Frequency | Daily | Daily | Daily | Daily | |
| Minimum Deposit | $0 | $0 | $0 | $0 | |
| Minimum Balance for APY | $0 | $0 | $0 | $0 | |
| Maintenance Fee | $0 | $0 | $0 | $0 | |
| Direct Deposit Required | No. Not required, but is the easiest way to earn the highest APY. | No | No | No | |
| Note | This APY is only available with the Axos ONE savings and checking bundle. 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. | |||
| Sponsored Link | LEARN MORE at Axos Bank, Member FDIC | ||||
| App Store Rating | 4.7/5 | 3.8/5 | |||
| Google Play Rating | 4.5/5 | 3.9/5 | |||
| BBB Rating | A+ | A+ | |||
Comparative Historical APY Insights (Last 2 Months)
| Axos Bank | Elevault | ||||
|---|---|---|---|---|---|
| Product | High Yield Savings | Summit Savings | Axos ONE | vs | High Yield Savings Account |
| Latest APY | 0.61 % | 4.00 % | 4.51 % | 4.34 % | |
| Trend | Sideways | Sideways | Sideways | Falling | |
| Slope (bps/mo) | 0.0 | 0.0 | 2.2 | -14.7 | |
| Rate Changes / Mo | 0.00 | 0.00 | 0.39 | 0.39 | |
| Days Since Last Change | 75 | 75 | 18 | 29 | |
| High (-2 m) | 0.61 % | 4.00 % | 4.51 % | 4.60 % | |
| Low (-2 m) | 0.61 % | 4.00 % | 4.46 % | 4.34 % | |
| Draw-down from High | 0.0 % | 0.0 % | 0.0 % | -5.7 % | |
| Volatility (CV) | 0.000 | 0.000 | 0.005 | 0.028 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 2 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 (-2 m)
- Highest APY in the last 76 days.
- Low (-2 m)
- Lowest APY in the last 76 days.
- Draw-down from High
- How far today sits below the 2-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.