Chime vs. Elevault
Comparing Chime and Elevault for high-yield savings: Chime's Chime High-Yield Savings Account pays 3.00% APY while Elevault's High Yield Savings Account pays 3.82% APY.
Note: Chime requires a checking account, while Elevault caps its top rate at $250,000.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Elevault pays $82 more than Chime annually ($382 vs $300).
Choose Chime if mobile app quality matters, or choose Elevault if getting the best rate matters most.
Important Considerations
Chime requires a checking account to unlock its top savings rate, while Elevault offers its savings account standalone.
| Metric | ChimeChime High-Yield Savings Account Mar 7, 2026 | ElevaultHigh Yield Savings Account Mar 7, 2026 |
|---|---|---|
| APY | 0.75% - 3.00% | 3.82% |
Est. Earnings | $5,000+$150 $10,000+$300 $25,000+$750 | $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 BundleDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsDaily CompoundingRate Changes Often |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.15% APY.
Executive Summary
Elevault offers a High Yield Savings Account with a competitive APY of 3.82%, making it the clear winner compared to Chime's High-Yield Savings Account, which has an APY of 3.00%. Elevault's account allows for daily compounding and is available for balances up to $250,000, with no interest earned on amounts above that. In contrast, Chime requires a qualifying direct deposit of $200 or more within the preceding 34 days to earn its advertised rate and is noted for its superior mobile app experience. Both accounts are online-only with no maintenance fees and no minimum balance requirements.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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 (3.82% vs 3.00%) 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 $300/yr).
Better Returns at $25,000
ElevaultElevault's High Yield Savings Account pulls ahead with larger amounts (approx. $955 vs $750/yr).
Best Mobile App Experience
ChimeChime offers an iOS app rated 4.8 (vs. 3.7) and Android app rated 4.7 (vs. 3.9)
Shared Benefits
Over a 1-year period, Elevault's High Yield Savings Account pays $82 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.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Chime vs. Elevault Savings Calculator
You earn $82 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+$300.00(2.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,300.00
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.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $299 per year in interest.
Both Chime and Elevault dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Chime | Elevault |
|---|---|---|
| APY | 3.00% Range: 0.75% - 3.00% Verified: 3/7/2026 ↘︎ 0.50%90d Change | 3.82% Verified: 3/7/2026 ↘︎ 0.26%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 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | N/A | N/A |
| 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 | ||
| FDIC Insured | Yes | YesVerify FDIC |
| 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 | 3.00% | 3.82% |
Trend | Stable | Stable |
Velocity (bps/mo) | -10.3 | -14.0 |
Days Since Change | 36 | 81 |
7-Month High | 3.75% | 4.60% |
7-Month Low | 3.00% | 3.82% |
Adjustments / Mo | 0.28 | 0.42 |
Volatility Score | 0.069 | 0.071 |
How to read these metrics(Click to expand)
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Compare Chime's APY of 3.00% with other banks
Compare Elevault's APY of 3.82% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Elevault vs Ally Bank | 3.20% | $0 |
| Elevault vs American Express | 3.30% | $0 |
| Elevault vs Axos Bank | 4.21% | $0 |
| Elevault vs Bank of America | 0.01% | $100 |
| Elevault vs Barclays | 3.85% | $0 |
| Elevault vs Capital One | 3.30% | $0 |
| Elevault vs Chase Bank | 0.01% | $0 |
| Elevault vs CIT Bank | 3.75% | $100 |
| Elevault vs Citibank | 3.20% | $0 |
| Elevault vs Discover Bank | 3.30% | $0 |
| Elevault vs EverBank | 3.90% | $0 |
| Elevault vs Marcus by Goldman Sachs | 3.65% | $0 |
| Elevault vs Newtek Bank | 4.20% | $0.01 |
| Elevault vs Openbank | 4.09% | $500 |
| Elevault vs Pibank | 4.60% | $0 |
| Elevault vs SoFi Bank | 4.00% | $0 |
| Elevault vs Synchrony Bank | 3.50% | $0 |
| Elevault vs Varo Bank | 5.00% | $0 |
| Elevault vs Wealthfront | 4.20% | $0 |
| Elevault vs Wells Fargo | 0.05% | $25 |