Barclays vs. Elevault
Comparing Barclays and Elevault for high-yield savings: Barclays's Tiered Savings pays 3.75% 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 $17 more than Barclays annually ($382 vs $365).
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 Apr 21, 2026 | ElevaultHigh Yield Savings Account Apr 21, 2026 |
|---|---|---|
| APY | 3.65% - 3.75% | 3.82% |
Est. Earnings | $5,000+$183 $10,000+$365 $25,000+$912 | $5,000+$191 $10,000+$382 $25,000+$955 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | The 3.75% APY is only available for balances over $250,000. For lower balances, the APY is 3.65%. | 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 4.07% APY.
Executive Summary
Barclays and Elevault both offer competitive savings accounts, with Barclays' Tiered Savings account providing a higher APY of 3.75% for balances over $250,000, while a lower APY of 3.65% applies to smaller balances. In comparison, Elevault's High Yield Savings Account offers a consistent APY of 3.82% for balances up to $250,000, making it the winner based on higher yield potential for most deposit amounts. Both accounts are online-only, require no direct deposit, and have no maintenance fees. However, Elevault's account caps interest at $250,000, while Barclays offers a tiered structure for larger balances.
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 3.6)
- ✓Higher rated Android app (4.7 vs 3.9)
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 $365/yr).
Better Returns at $25,000
ElevaultElevault's High Yield Savings Account pulls ahead with larger amounts (approx. $955 vs $912/yr).
Best Mobile App Experience
BarclaysBarclays offers an iOS app rated 4.9 (vs. 3.6) and Android app rated 4.7 (vs. 3.9)
Shared Benefits
Over a 1-year period, Elevault's High Yield Savings Account pays $17 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 $17 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+$365.00(3.5%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,365.00
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 $364 per year in interest.
Both Barclays and Elevault dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Barclays | Elevault |
|---|---|---|
| APY | 3.75% Range: 3.65% - 3.75% Verified: 4/21/2026 ↘︎ 0.25%90d Change | 3.82% Verified: 4/21/2026 Stable (90d) |
| 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 3.75% APY is only available for balances over $250,000. For lower balances, the APY is 3.65%. | 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 | |
|---|---|---|---|
| Tiered Savings | Online Savings | High Yield Savings Account | |
Current APY | 3.75% | 3.50% | 3.82% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -3.9 | -2.9 | -10.8 |
Days Since Change | 6 | 60 | 126 |
8-Month High | 4.10% | 3.70% | 4.60% |
8-Month Low | 3.75% | 3.50% | 3.82% |
Adjustments / Mo | 0.35 | 0.23 | 0.35 |
Volatility Score | 0.026 | 0.019 | 0.071 |
How to read these metrics(Click to expand)
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More Comparisons
Compare Barclays' APY of 3.75% with other banks
Compare Elevault's APY of 3.82% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Elevault vs Ally Bank | 3.10% | $0 |
| Elevault vs American Express | 3.20% | $0 |
| Elevault vs Axos Bank | 4.21% | $0 |
| Elevault vs Capital One | 3.20% | $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 | 3.50% | $0 |
| Elevault vs Newtek Bank | 4.20% | $0.01 |
| Elevault vs Openbank | 4.00% | $500 |
| Elevault vs Pibank | 4.40% | $0 |
| Elevault vs SoFi Bank | 4.00% | $0 |
| Elevault vs Synchrony Bank | 3.40% | $0 |
| Elevault vs Varo Bank | 5.00% | $0 |
| Elevault vs Wealthfront | 4.20% | $0 |