Bask Bank vs. Elevault
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: October 16, 2025
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Summary of Bask Bank vs. Elevault
Key Metrics at a Glance
| Feature | Bask Bank | Elevault |
|---|---|---|
| Top Savings APY | 4.05% Interest Savings Account | 4.34% High Yield Savings Account |
| Minimum to Open | $0 | $0 |
| Minimum Balance for Top APY | $0 | $0 |
| Note | The 4.34% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. |
Bask Bank
Strengths
- Bask Bank offers a competitive APY of 4.05%, though it has decreased from 4.15% in the last 30 days.
- No maintenance fees for the Interest Savings Account.
- Bask Bank has a higher App Store rating of 4.7 compared to Elevault's 3.8.
Potential Drawbacks
- Bask Bank has a lower APY than Elevault's 4.34%.
- Bask Bank has a BBB rating of B, indicating lower trustworthiness than Elevault's A+.
Elevault
Strengths
- Elevault's High Yield Savings Account features a higher APY of 4.34%, though it has dropped from 4.6% recently.
- Elevault has a superior BBB rating of A+, reflecting better trustworthiness.
- No maintenance fees are required for the High Yield Savings Account.
Potential Drawbacks
- Elevault has a lower App Store rating of 3.8 compared to Bask Bank's 4.7.
- The 4.34% APY is only applicable for balances up to $250,000.
→ As of October 16, 2025 Bask Bank offers an APY of 4.05% for its Interest Savings 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.
→ Elevault yields $29 more than Bask Bank on a $10,000 balance after one year. Bask Bank pays $405, while Elevault pays $434 - an APY advantage for Elevault.
Calculate Savings Growth for Bask Bank vs Elevault
Bask Bank
Total savings breakdown:
- Interest earned: $2,467 (12.05%)
- Total contributions: $13,000 (63.52%)
- Initial deposit: $5,000 (24.43%)
Your total balance
$20,467.00
Total balance: $20,467
Earnings: $2,467
Bank OverviewElevault
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
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, Bask Bank's total earnings would be $188.5 lower than Elevault's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Bask Bank's vs Elevault's Savings Accounts
| Bask Bank | Elevault | ||
|---|---|---|---|
| Product | Interest Savings Account | vs | High Yield Savings Account |
| APY | 4.05% (as of 10/16/2025) | 4.34% (as of 10/16/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $0 | $0 | |
| Minimum Balance for APY | $0 | $0 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No | |
| Note | The 4.34% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. | ||
| App Store Rating | 4.7/5 | 3.8/5 | |
| Google Play Rating | 4.5/5 | 3.9/5 | |
| BBB Rating | B | A+ |
Comparative Historical APY Insights (Last 2 Months)
| Bask Bank | Elevault | ||
|---|---|---|---|
| Product | Interest Savings Account | vs | High Yield Savings Account |
| Latest APY | 4.05 % | 4.34 % | |
| Trend | Falling | Falling | |
| Slope (bps/mo) | -8.3 | -14.7 | |
| Rate Changes / Mo | 0.83 | 0.42 | |
| Days Since Last Change | 27 | 24 | |
| High (-2 m) | 4.20 % | 4.60 % | |
| Low (-2 m) | 4.05 % | 4.34 % | |
| Draw-down from High | -3.6 % | -5.7 % | |
| Volatility (CV) | 0.015 | 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 72 days.
- Low (-2 m)
- Lowest APY in the last 72 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.