Charles Schwab Bank vs. Elevault
Compare rates, requirements, and features side-by-side to find the best option for you.
Charles Schwab Bank
Schwab Bank Investor Savings™
0.15%APYDec 10, 2025FDIC InsuredNo MinimumsGreat iOS AppIn-Person AccessShow Fine Print & Trends Hide Details
Charles Schwab Bank
Schwab Bank Investor Savings™
Elevault
High Yield Savings Account
4.08%APYDec 10, 2025FDIC InsuredNo MinimumsShow Fine Print & Trends Hide Details
Elevault
High Yield Savings Account
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.25% APY.
Charles Schwab Bank vs. Elevault Savings Calculator
Elevault earns $2,400.3 more than Charles Schwab Bank.
Charles Schwab Bank
Schwab Bank Investor Savings™
Savings Breakdown
- Interest Earned+$86.10(0.5%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$18,086.10
Elevault
High Yield Savings Account
Savings Breakdown
- Interest Earned+$2,486.40(12.1%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,486.40
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Charles Schwab Bank vs. Elevault
Why Charles Schwab Bank?
- ✓Higher rated iOS app (4.8 vs 3.7)
Why Elevault?
- ✓Higher potential APY (4.08% vs 0.15%) on all balances
- ✓No checking account or direct deposit required
— Key Feature Differences —
Better Returns at $10,000
ElevaultElevault's High Yield Savings Account earns more on smaller deposits (approx. $408 vs $15/yr).
Better Returns at $25,000
ElevaultElevault's High Yield Savings Account pulls ahead with larger amounts (approx. $1020 vs $38/yr).
Best for Simplicity
ElevaultElevault's High Yield Savings Account offers 4.08% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Elevault's High Yield Savings Account pays $393 more interest on a $10,000 balance than Charles Schwab Bank's Schwab Bank Investor Savings™.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary
Elevault offers a significant advantage with its High Yield Savings Account, boasting an impressive APY of 4.08%. This online-only account provides a straightforward savings option with no maintenance fees, minimum deposit requirements, or direct deposit conditions, making it ideal for those seeking simplicity. In contrast, Charles Schwab Bank's Schwab Bank Investor Savings™ offers a much lower APY of 0.15% but also has no minimum balance or maintenance fees. While Schwab's account is not online-only, it does not compete with Elevault's higher returns, especially for larger deposits.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Top Market Contenders
See who beats both Charles Schwab Bank and Elevault.
| Feature | Charles Schwab Bank | Elevault |
|---|---|---|
| APY | 0.15% Verified: 12/10/2025 Stable (90d) | 4.08% Verified: 12/10/2025 ↘︎ 0.52%90d Change |
| Product Name | Schwab Bank Investor Savings™ | High Yield Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0.01 | $0 |
| Monthly Fee | $0 | $0 |
| Branch Access | Yes | None |
| Account Type | Online & Branches | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.8 Android2.9 | iOS3.7 Android3.9 |
| BBB Rating | A+ | A+ |
| Important Notes | - | The 4.08% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Charles Schwab Bank | Elevault |
|---|---|---|
| Schwab Bank Investor Savings™ | High Yield Savings Account | |
Current APY | 0.15% | 4.08% |
Trend | Stable | Stable |
Velocity (bps/mo) | -0.0 | -16.2 |
Days Since Change | 126 | 36 |
4-Month High | 0.15% | 4.60% |
4-Month Low | 0.15% | 4.08% |
Adjustments / Mo | 0.00 | 0.47 |
Volatility Score | 0.000 | 0.049 |
How to read these metrics(Click to expand)
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