Barclays vs. Elevault
Comparing Barclays and Elevault for high-yield savings: Barclays's Tiered Savings pays 3.85% APY while Elevault's High Yield Savings Account pays 3.82% APY.
Note: 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 $12 more than Barclays annually ($382 vs $370).
Choose Barclays if you want a no-strings-attached account, or mobile app quality matters. Choose Elevault if getting the best rate matters most.
| Metric | BarclaysTiered Savings Mar 7, 2026 | ElevaultHigh Yield Savings Account Mar 7, 2026 |
|---|---|---|
| APY | 3.70% - 3.85% | 3.82% |
Est. Earnings | $5,000+$185 $10,000+$370 $25,000+$925 | $5,000+$191 $10,000+$382 $25,000+$955 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | The 3.85% APY is only available for balances over $250,000. For lower balances, the APY is 3.70%. | The 3.82% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. |
| Features | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsDaily CompoundingRate Changes Often |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.15% APY.
Executive Summary
Barclays offers a Tiered Savings account with a competitive APY of 3.85% for balances over $250,000, while their Online Savings account provides a lower APY of 3.50% for any balance. In comparison, Elevault's High Yield Savings Account offers an APY of 3.82% for balances up to $250,000, with no interest earned on amounts above that threshold. Both banks have no direct deposit requirements and are online-only. However, Barclays's higher APY for larger balances positions it slightly ahead, despite Elevault's strong performance at lower deposit levels.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Barclays?
- ✓No checking account or direct deposit required
- ✓Higher rated iOS app (4.9 vs 3.7)
- ✓Higher rated Android app (4.7 vs 3.9)
- ✓Offers 2 different high-yield savings options
Why Elevault?
No distinct advantages found vs Barclays.
— Key Feature Differences —
Better Returns at $10,000
ElevaultElevault's High Yield Savings Account earns more on smaller deposits (approx. $382 vs $370/yr).
Better Returns at $25,000
ElevaultElevault's High Yield Savings Account pulls ahead with larger amounts (approx. $955 vs $925/yr).
Best for Simplicity
BarclaysBarclays's Online Savings offers 3.50% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
BarclaysBarclays offers an iOS app rated 4.9 (vs. 3.7) and Android app rated 4.7 (vs. 3.9)
Shared Benefits
Over a 1-year period, Elevault's High Yield Savings Account pays $12 more interest on a $10,000 balance than Barclays's Tiered Savings.
*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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Barclays vs. Elevault Savings Calculator
You earn $12 more with Elevault than Barclays 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.
Barclays
Tiered Savings
Higher APY requires $250,000
Savings Breakdown
- Interest Earned+$370.00(3.6%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,370.00
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 $369 per year in interest.
Both Barclays and Elevault dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Barclays | Elevault |
|---|---|---|
| APY | 3.85% Range: 3.70% - 3.85% Verified: 3/7/2026 ↘︎ 0.15%90d Change | 3.82% Verified: 3/7/2026 ↘︎ 0.26%90d Change |
| Product Name | Tiered Savings | High Yield Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $250,000 | $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. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A+ | A |
| Important Notes | The 3.85% APY is only available for balances over $250,000. For lower balances, the APY is 3.70%. | 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 Barclays Non-sponsored link to official site | Visit SiteVerify at Elevault Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Barclays | Elevault | |
|---|---|---|---|
| Online Savings | Tiered Savings | High Yield Savings Account | |
Current APY | 3.50% | 3.85% | 3.82% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -2.8 | -3.1 | -14.0 |
Days Since Change | 15 | 15 | 81 |
7-Month High | 3.70% | 4.10% | 4.60% |
7-Month Low | 3.50% | 3.85% | 3.82% |
Adjustments / Mo | 0.28 | 0.28 | 0.42 |
Volatility Score | 0.017 | 0.018 | 0.072 |
How to read these metrics(Click to expand)
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More Comparisons
Compare Barclays' APY of 3.85% 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 Axos Bank | 4.21% | $0 |
| Elevault vs Bank of America | 0.01% | $100 |
| 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 |