Axos Bank vs Elevault
High-Yield Savings Accounts Comparison
Last Updated: September 5, 2025
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Summary of Axos Bank vs. Elevault
As of September 5, 2025 Axos Bank offers an APY of 4.46% for its Axos ONE 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 $14 more than Axos Bank on a $10,000 balance after one year. Axos Bank pays $446, while Elevault pays $460 - an APY advantage for Elevault.
In addition, Axos Bank also offers 4.00% APY for the Summit Savings account.
Axos Bank
Strengths
- Axos Bank offers a competitive 4.46% APY with the ONE savings and checking bundle.
- Axos Bank has a higher App Store rating at 4.7 compared to Elevault's 3.9.
- Axos Bank is BBB Accredited, ensuring higher trustworthiness.
Potential Drawbacks
- Axos Bank's highest APY requires maintaining specific balance and deposit conditions.
- Axos Bank has no physical branches for in-person banking.
Elevault
Strengths
- Elevault provides a slightly higher APY of 4.60% for its High Yield Savings Account.
- Elevault has no balance requirements to earn the stated APY.
Potential Drawbacks
- Elevault is not BBB Accredited, which may affect trust.
- Elevault has a lower App Store rating of 3.9 compared to Axos Bank.
Summary: Axos Bank offers a 4.46% APY with conditions, while Elevault has a higher 4.60% APY without balance requirements. Axos Bank is BBB Accredited and has a better App Store rating. However, both banks lack physical branches. Elevault's lack of BBB Accreditation may impact trustworthiness, despite its higher APY.
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 | 4.46% (as of 9/5/2025) | 4.00% (as of 9/5/2025) | 0.61% (as of 9/5/2025) | 4.60% (as of 9/5/2025) | |
| 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 4.60% 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 | 3.9/5 | |||
| Google Play Rating | 4.5/5 | 4.0/5 | |||
| BBB Rating | A+ | A+ | |||
Comparative Historical APY Insights (Last 1 Month)
| Axos Bank | Elevault | ||||
|---|---|---|---|---|---|
| Product | High Yield Savings | Summit Savings | Axos ONE | vs | High Yield Savings Account |
| Latest APY | 0.61 % | 4.00 % | 4.46 % | 4.60 % | |
| Trend | Sideways | Sideways | Sideways | Sideways | |
| Slope (bps/mo) | 0.0 | 0.0 | 0.0 | 0.0 | |
| Rate Changes / Mo | 0.00 | 0.00 | 0.00 | 0.00 | |
| Days Since Last Change | 29 | 29 | 29 | 29 | |
| High (-1 m) | 0.61 % | 4.00 % | 4.46 % | 4.60 % | |
| Low (-1 m) | 0.61 % | 4.00 % | 4.46 % | 4.60 % | |
| Draw-down from High | 0.0 % | 0.0 % | 0.0 % | 0.0 % | |
| Volatility (CV) | 0.000 | 0.000 | 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 Axos Bank vs Elevault
All calculations are based on APY.
Axos Bank
APY: 4.46%
Total savings breakdown:
- Interest earned: $2,733.9 (13.19%)
- Total contributions: $13,000 (62.70%)
- Initial deposit: $5,000 (24.12%)
Your total balance
$20,733.90
Effective APY: 4.46% (based on your deposit and contributions)
Total balance: $20,733.9
Earnings: $2,733.9
Elevault
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, Axos Bank's total earnings would be $91.9 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 Axos Bank's APY of 4.46% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Axos Bank vs Ally Bank | 3.50% | $0 |
| Axos Bank vs American Express | 3.50% | $0 |
| Axos Bank vs Bank of America | 0.01% | $100 |
| Axos Bank vs Barclays | 4.10% | $0 |
| Axos Bank vs BrioDirect | 4.30% | $5,000 |
| Axos Bank vs Capital One | 3.50% | $0 |
| Axos Bank vs Chase Bank | 0.01% | $0 |
| Axos Bank vs Chime | 3.75% | $0 |
| Axos Bank vs CIT Bank | 4.00% | $100 |
| Axos Bank vs Discover Bank | 3.50% | $0 |
| Axos Bank vs EverBank | 4.30% | $0 |
| Axos Bank vs Fitness Bank | 4.75% | $100 |
| Axos Bank vs FVCbank | 4.35% | $500 |
| Axos Bank vs GO2bank | 4.50% | $0 |
| Axos Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Axos Bank vs Neighbors Bank | 4.60% | $0 |
| Axos Bank vs Newtek Bank | 4.35% | $0 |
| Axos Bank vs Peak Bank | 4.35% | $100 |
| Axos Bank vs Pibank | 4.60% | $0 |
| Axos Bank vs Presidential Bank | 4.50% | $5,000 |
| Axos Bank vs Santander Bank | 0.03% | $25 |
| Axos Bank vs SoFi Bank | 3.80% | $0 |
| Axos Bank vs Synchrony Bank | 3.80% | $0 |
| Axos Bank vs TIMBR | 4.40% | $1,000 |
| Axos Bank vs Varo Bank | 5.00% | $0 |
| Axos Bank vs Wells Fargo | 2.51% | $25 |
| Axos 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 Ally Bank | 3.50% | $0 |
| Elevault vs American Express | 3.50% | $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 |