Chime vs. Elevault
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | ChimeChime High-Yield Savings Account Jan 21, 2026 | ElevaultHigh Yield Savings Account Jan 21, 2026 |
|---|---|---|
| APY | 1.00% - 3.50% | 3.82% |
Est. Earnings | $5,000+$175 $10,000+$350 $25,000+$875 | $5,000+$191 $10,000+$382 $25,000+$955 |
Min Deposit | $0 | $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 InsuredNo MinimumsGreat iOS AppGreat Android AppDirect Deposit ReqChecking Bundle | 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 4.20% APY.
As of Chime offers an APY of 3.50% for its Chime High-Yield Savings Account, with a minimum balance of $0.01, compared to Elevault's 3.82% APY for its High Yield Savings Account, with a minimum balance of $0.
Elevault pays $32 more than Chime on a $10,000 balance after one year. Chime pays $350, while Elevault pays $382 - an APY advantage for Elevault.
Why Chime?
- ✓Higher rated iOS app (4.8 vs 3.7)
- ✓Higher rated Android app (4.8 vs 3.9)
Why Elevault?
- ✓Higher potential APY (3.82% vs 3.50%) 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. $382 vs $350/yr).
Better Returns at $25,000
ElevaultElevault's High Yield Savings Account pulls ahead with larger amounts (approx. $955 vs $875/yr).
Best Mobile App Experience
ChimeChime offers an iOS app rated 4.8 (vs. 3.7) and Android app rated 4.8 (vs. 3.9)
Shared Benefits
Over a 1-year period, Elevault's High Yield Savings Account pays $32 more interest on a $10,000 balance than Chime's Chime High-Yield Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Elevault offers a High Yield Savings Account with a competitive APY of 3.82%, making it the winner in this comparison. This account allows for a daily deposit limit of $2,500 and is available for balances up to $250,000, beyond which no interest is earned. In contrast, Chime's High-Yield Savings Account provides a lower APY of 3.50% and requires a qualifying direct deposit of $200 or more within the preceding 34 days. Both accounts have no maintenance fees and are online-only, appealing to those looking for digital banking solutions.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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Top Market Contenders
Chime vs. Elevault Savings Calculator
You earn $32 more with Elevault than Chime 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.
Chime
Chime High-Yield Savings Account
Savings Breakdown
- Interest Earned+$350.00(3.4%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,350.00
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 | Chime | Elevault |
|---|---|---|
| APY | 3.50% Range: 1.00% - 3.50% Verified: 1/21/2026 Stable (90d) | 3.82% Verified: 1/21/2026 ↘︎ 0.52%90d Change |
| Product Name | Chime High-Yield Savings Account | High Yield Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0.01 | $0 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| 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 | Yes | No |
| Mobile Apps | iOS4.8 Android4.8 | iOS3.7 Android3.9 |
| Zelle® Support | Not Supported | 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 Chime Non-sponsored link to official site | Visit SiteVerify at Elevault Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Chime | Elevault |
|---|---|---|
| Chime High-Yield Savings Account | High Yield Savings Account | |
Current APY | 3.50% | 3.82% |
Trend | Stable | Stable |
Velocity (bps/mo) | -6.2 | -17.3 |
Days Since Change | 97 | 36 |
6-Month High | 3.75% | 4.60% |
6-Month Low | 3.50% | 3.82% |
Adjustments / Mo | 0.18 | 0.54 |
Volatility Score | 0.033 | 0.068 |
How to read these metrics(Click to expand)
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