High-Yield Savings Account Comparison

Chime vs. Elevault

Compare rates, requirements, and features side-by-side to find the best option for you.

Analysis by Aviel Fahl
Updated December 6, 2025
Advertising Disclosure: We may earn a commission from partner links.

Chime

Chime High-Yield Savings Account

Up to
3.50%
APY
Dec 6, 2025
FDIC InsuredDirect Deposit ReqChecking BundleNo MinimumsGreat iOS AppGreat Android App
Range: 1.00% – 3.50%
Show Fine Print & Trends
Min. Deposit$0
Min. Balance$0.01
Maintenance Fee$0
Compound FreqDaily
Direct DepositRequired (You need to receive a qualifying direct deposit of $200 or more within the preceding 34 days)
Deposit InsuranceFDIC Insured
EligibilityUnited States
Mobile Ratings
iOS:4.8Android:4.7
BBB Rating
A+(BBB Accredited)

Rate Stability

Rate Adjusted
-0.25%
Since 90 days ago
Read Bank Overview

Elevault

High Yield Savings Account

4.08%
APY
Dec 6, 2025
FDIC InsuredNo Minimums
Show Fine Print & Trends
Min. Deposit$0
Min. Balance$0
Maintenance Fee$0
Compound FreqDaily
Direct DepositNot required
Deposit InsuranceFDIC Insured(Cert: 1528)
EligibilityUnited States
Mobile Ratings
iOS:3.7Android:3.9
BBB Rating
A+(Not BBB Accredited)

Important Note

The 4.08% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500.

Rate Stability

Rate Adjusted
-0.52%
Since 90 days ago
Read Bank Overview

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.

See Top Rates

Comparison Analysis

Comparing Chime vs. Elevault

Updated: Dec 6, 2025

Why Chime?

  • ✓Higher rated iOS app (4.8 vs 3.7)
  • ✓Higher rated Android app (4.7 vs 3.9)

Why Elevault?

  • ✓Higher potential APY (4.08% vs 3.50%) on all balances
  • ✓No checking account or direct deposit required

— Key Feature Differences —

Better Returns at $10,000
Elevault

Elevault's High Yield Savings Account earns more on smaller deposits (approx. $408 vs $350/yr).

Better Returns at $25,000
Elevault

Elevault's High Yield Savings Account pulls ahead with larger amounts (approx. $1020 vs $875/yr).

Best for Simplicity
Elevault

Elevault's High Yield Savings Account offers 4.08% APY with no bundling, direct deposit requirement or caps.

Best Mobile App Experience
Chime

Chime offers an iOS app rated 4.8 (vs. 3.7) and Android app rated 4.7 (vs. 3.9)

Shared Benefits

Both offer monthly maintenance-free account options Both banks have options with $0 opening deposit Available Nationwide Available to New & Existing Customers
The Bottom Line

Over a 1-year period, Elevault's High Yield Savings Account pays $58 more interest on a $10,000 balance than Chime's Chime High-Yield Savings Account.

ChimeElevault
Automated Data Audit

Executive Summary

Elevault offers a High Yield Savings Account with a competitive APY of 4.08%, making it the winner in this comparison. This account does not require a direct deposit and allows for daily deposits up to $2,500, providing flexibility for savers. In contrast, Chime's High-Yield Savings Account has an APY of 3.50% but requires a qualifying direct deposit of $200 or more within the preceding 34 days. Both accounts are online-only and have no maintenance fees, but Elevault stands out for its higher return and simpler access.

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.

ExploreChimeExploreElevault

Top Market Contenders

See who beats both Chime and Elevault.

Compare All High-Yield Savings Accounts
Pibank
Pibank Savings
FDIC InsuredNo Minimums
4.60% APY
+0.52% vs Elevault
Better Rate
Pibank vs ChimePibank vs Elevault
Neighbors Bank
Neighbors Savings Account
FDIC InsuredNo MinimumsGreat Android App
4.50% APY
+0.42% vs Elevault
Better Rate
Neighbors Bank vs ChimeNeighbors Bank vs Elevault
Axos Bank
Axos ONE
FDIC InsuredNo MinimumsGreat iOS AppGreat Android App
4.31% APY
+0.23% vs Elevault
Better Rate
Axos Bank vs ChimeAxos Bank vs Elevault
FeatureChimeElevault
APY
3.50%
Range: 1.00% - 3.50%
Verified: 12/6/2025
↘︎ 0.25%90d Change
4.08%
Verified: 12/6/2025
↘︎ 0.52%90d Change
Product NameChime High-Yield Savings AccountHigh Yield Savings Account
Minimum Deposit$0$0
Min. Balance for APY$0.01$0
Monthly Fee$0$0
Branch AccessNoneNone
Account Type
Online Only
Online Only
Direct Deposit Req.
RequiredYou need to receive a qualifying direct deposit of $200 or more within the preceding 34 days
None
Checking Bundle YesNo
Mobile Apps
iOS4.8
Android4.7
iOS3.7
Android3.9
BBB RatingA+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
- View Details
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Savings Comparison

Calculations based on current APY.
$
$

Elevault earns $372.3 more than Chime.

Chime

Chime High-Yield Savings Account

3.50% APY

Savings Breakdown

  • Interest Earned
    +$2,114.10(10.5%)
  • Total Contributions
    $13,000
  • Initial Deposit
    $5,000

Projected Balance

$20,114.10

Effective APY
3.50%
View Details

Elevault

High Yield Savings Account

4.08% APY

Savings Breakdown

  • Interest Earned
    +$2,486.40(12.1%)
  • Total Contributions
    $13,000
  • Initial Deposit
    $5,000

Projected Balance

$20,486.40

Effective APY
4.08%
View Details

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

📈 Compare Savings Rates Over Time

Historical Performance

Last 4 Months Analysis
MetricChimeElevault
Chime High-Yield Savings AccountHigh Yield Savings Account
Current APY
3.50%4.08%
Trend
 Stable Stable
Velocity (bps/mo)
-9.1-16.6
Days Since Change
5132
4-Month High
3.75%4.60%
4-Month Low
3.50%4.08%
Adjustments / Mo
0.250.49
Volatility Score
0.0340.048
How to read these metrics(Click to expand)

Trends & Velocity

  • Trend: The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
  • Velocity (bps/mo): Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
  • Adjustments/Mo: "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.

Risk & Range

  • High/Low: The absolute ceiling and floor of the rate during the 122-day window.
  • Volatility Score: Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
  • Days Since Change: If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.

Compare Similar Alternatives

Compare Chime vs...

Comparing against other Bundled Accounts

vs Chime
Axos BankChecking Bundle
4.31%
APY
vs Chime
SoFi BankChecking Bundle
4.30%
APY
vs Chime
Presidential BankChecking Bundle
4.00%
APY

Compare Elevault vs...

Comparing against Standard Savings

vs Elevault
PibankNo Bundle Req
4.60%
APY
vs Elevault
Neighbors BankNo Bundle Req
4.50%
APY
vs Elevault
TIMBRNo Bundle Req
4.40%
APY

More Comparisons

Compare Chime's APY of 3.50% with other banks
Bank PairCompetitor APYMin Deposit
Chime vs Ally Bank3.30%$0
Chime vs American Express3.40%$0
Chime vs Axos Bank4.31%$0
Chime vs Bank of America0.01%$100
Chime vs Barclays4.00%$0
Chime vs Bask Bank3.90%$0
Chime vs BMO Alto3.25%$0
Chime vs BrioDirect4.00%$5,000
Chime vs Capital One3.40%$0
Chime vs Chase Bank0.01%$0
Chime vs CIT Bank3.75%$100
Chime vs Citibank3.30%$0
Chime vs Citizens Access™3.35%$0.01
Chime vs Climate First Bank4.21%$50
Chime vs Discover Bank3.40%$0
Chime vs EverBank4.05%$0
Chime vs Fitness Bank4.75%$100
Chime vs FNBO Direct3.00%$1
Chime vs Forbright Bank4.00%$0
Chime vs FVCbank3.85%$500
Chime vs GO2bank4.50%$0
Chime vs Ivy Bank4.25%$2,500
Chime vs LendingClub4.20%$0
Chime vs Marcus by Goldman Sachs3.65%$0
Chime vs Neighbors Bank4.50%$0
Chime vs Newtek Bank4.35%$0.01
Chime vs Openbank4.20%$500
Chime vs Peak Bank4.20%$100
Chime vs Pibank4.60%$0
Chime vs PNC3.53%$0
Chime vs Presidential Bank4.00%$5,000
Chime vs Quontic Bank3.75%$100
Chime vs Salem Five Direct3.71%$10
Chime vs Santander Bank0.01%$25
Chime vs SoFi Bank4.30%$0
Chime vs Synchrony Bank3.65%$0
Chime vs TIMBR4.40%$1,000
Chime vs UFB Direct3.71%$5000
Chime vs Valley Direct4.10%$1,000
Chime vs Varo Bank5.00%$0
Chime vs Vio Bank4.16%$100
Chime vs Wealthfront4.15%$0
Chime vs Wells Fargo0.05%$25
Chime vs Zynlo Bank4.05%$10
Compare Elevault's APY of 4.08% with other banks
Bank PairCompetitor APYMin Deposit
Elevault vs Ally Bank3.30%$0
Elevault vs American Express3.40%$0
Elevault vs Axos Bank4.31%$0
Elevault vs Bank of America0.01%$100
Elevault vs Barclays4.00%$0
Elevault vs Bask Bank3.90%$0
Elevault vs BMO Alto3.25%$0
Elevault vs BrioDirect4.00%$5,000
Elevault vs Capital One3.40%$0
Elevault vs Chase Bank0.01%$0
Elevault vs CIT Bank3.75%$100
Elevault vs Citibank3.30%$0
Elevault vs Citizens Access™3.35%$0.01
Elevault vs Climate First Bank4.21%$50
Elevault vs Discover Bank3.40%$0
Elevault vs EverBank4.05%$0
Elevault vs Fitness Bank4.75%$100
Elevault vs FNBO Direct3.00%$1
Elevault vs Forbright Bank4.00%$0
Elevault vs FVCbank3.85%$500
Elevault vs GO2bank4.50%$0
Elevault vs Ivy Bank4.25%$2,500
Elevault vs LendingClub4.20%$0
Elevault vs Marcus by Goldman Sachs3.65%$0
Elevault vs Neighbors Bank4.50%$0
Elevault vs Newtek Bank4.35%$0.01
Elevault vs Openbank4.20%$500
Elevault vs Peak Bank4.20%$100
Elevault vs Pibank4.60%$0
Elevault vs PNC3.53%$0
Elevault vs Presidential Bank4.00%$5,000
Elevault vs Quontic Bank3.75%$100
Elevault vs Salem Five Direct3.71%$10
Elevault vs Santander Bank0.01%$25
Elevault vs SoFi Bank4.30%$0
Elevault vs Synchrony Bank3.65%$0
Elevault vs TIMBR4.40%$1,000
Elevault vs UFB Direct3.71%$5000
Elevault vs Valley Direct4.10%$1,000
Elevault vs Varo Bank5.00%$0
Elevault vs Vio Bank4.16%$100
Elevault vs Wealthfront4.15%$0
Elevault vs Wells Fargo0.05%$25
Elevault vs Zynlo Bank4.05%$10