Carver Bank vs. Elevault
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Carver BankHigh Yield Savings Jan 7, 2026 | ElevaultHigh Yield Savings Account Jan 7, 2026 |
|---|---|---|
| APY | 4.00% | 3.82% |
Est. Earnings | $5,000+$200 $10,000+$400 $25,000+$1,000 | $5,000+$191 $10,000+$382 $25,000+$955 |
Min Deposit | $5,000 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | - | The 3.82% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. |
| Features | FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppZelle® Supported | FDIC InsuredNo Minimums |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.21% APY.
Comparison Analysis
Comparing Carver Bank vs. Elevault
As of Carver Bank offers an APY of 4.00% for its High Yield Savings account, with a minimum balance of $5,000, compared to Elevault's 3.82% APY for its High Yield Savings Account, with a minimum balance of $0.
Carver Bank pays $18 more than Elevault on a $10,000 balance after one year. Carver Bank pays $400, while Elevault pays $382 - an APY advantage for Carver Bank.
Why Carver Bank?
- ✓Higher potential APY (4.00% vs 3.82%)
- ✓No checking account or direct deposit required
- ✓Higher rated iOS app (4.7 vs 3.7)
- ✓Higher rated Android app (4.5 vs 3.9)
- ✓Fast transfers via Zelle®
Why Elevault?
No distinct advantages found vs Carver Bank.
— Key Feature Differences —
Better Returns at $10,000
Carver BankCarver Bank's High Yield Savings earns more on smaller deposits (approx. $400 vs $382/yr).
Better Returns at $25,000
Carver BankCarver Bank's High Yield Savings pulls ahead with larger amounts (approx. $1000 vs $955/yr).
Best for Simplicity
Carver BankCarver Bank's High Yield Savings offers 4.00% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Carver BankCarver Bank offers an iOS app rated 4.7 (vs. 3.7) and Android app rated 4.5 (vs. 3.9)
Shared Benefits
Over a 1-year period, Carver Bank's High Yield Savings pays $18 more interest on a $10,000 balance than Elevault's High Yield Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Carver Bank offers a High Yield Savings account with a competitive 4.00% APY, making it the winner in this comparison. This account requires a minimum deposit and balance of $5,000 but has no maintenance fees if the balance requirement is met. Additionally, it does not require direct deposit and is online-only, providing a straightforward savings option. In contrast, Elevault's High Yield Savings Account offers a slightly lower APY of 3.82% with no minimum deposit or balance requirements, but interest is capped at $250,000. Both banks provide FDIC insurance and do not charge maintenance fees.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Carver Bank vs. Elevault Savings Calculator
You earn $18 more with Carver Bank than Elevault 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.
Carver Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$400.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,400.00
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.
| Feature | Carver Bank | Elevault |
|---|---|---|
| APY | 4.00% Verified: 1/7/2026 Stable (90d) | 3.82% Verified: 1/7/2026 ↘︎ 0.52%90d Change |
| Product Name | High Yield Savings | High Yield Savings Account |
| Minimum Deposit | $5,000 | $0 |
| Min. Balance for APY | $5,000 | $0 |
| Monthly Fee | $0, of minimum balance requirement met. Otherwise $6. | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.7 Android4.5 | iOS3.7 Android3.9 |
| Zelle® Support | Available Full native integration in digital banking. | Not Supported |
| BBB Rating | A+ | A |
| Important Notes | - | 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 Carver Bank Non-sponsored link to official site | Visit SiteVerify at Elevault Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Carver Bank | Elevault |
|---|---|---|
| High Yield Savings | High Yield Savings Account | |
Current APY | 4.00% | 3.82% |
Trend | Stable | Stable |
Velocity (bps/mo) | 0.0 | -17.7 |
Days Since Change | 153 | 22 |
5-Month High | 4.00% | 4.60% |
5-Month Low | 4.00% | 3.82% |
Adjustments / Mo | 0.00 | 0.58 |
Volatility Score | 0.000 | 0.064 |
How to read these metrics(Click to expand)
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