Elevault vs. Everbank

High-Yield Savings Account Comparison

By Aviel Fahl|Last Updated: October 21, 2025

We earn a commission if you open an account through some links on this page.

Summary of Elevault vs. EverBank

Key Metrics at a Glance

FeatureElevaultEverBank
Top Savings APY

4.34%

High Yield Savings Account

4.05%

Performance Savings

Minimum to Open$0$0
Minimum Balance for Top APY$0$0
NoteThe 4.34% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500.

Elevault

Strengths

  • Elevault offers a higher APY of 4.34% compared to EverBank's 4.05%.
  • Elevault has no maintenance fees or minimum balance requirements.
  • Elevault's App Store rating is 3.8, higher than EverBank's 2.3.

Potential Drawbacks

  • Elevault's APY decreased from 4.60% in the last 30 days.
  • Elevault has no physical branches.

EverBank

Strengths

  • EverBank has 11 physical branches in Florida and California.
  • EverBank's APY remains stable at 4.05% over the past month.

Potential Drawbacks

  • EverBank has a lower APY of 4.05% compared to Elevault's 4.34%.
  • EverBank's Google Play rating is only 1.8, significantly lower than Elevault's 3.9.
Summary: Elevault outperforms EverBank with a higher APY of 4.34% versus 4.05%, despite a recent decrease for Elevault. While Elevault lacks physical branches, it has better app ratings. EverBank offers branch access but has lower APY and poor app ratings, making Elevault the more attractive choice for high-yield savings.

→ As of October 21, 2025 Elevault offers an APY of 4.34% for its High Yield Savings Account, with a minimum balance of $0, compared to EverBank's 4.05% APY for its Performance Savings account, with a minimum balance of $0.

Elevault yields $29 more than EverBank on a $10,000 balance after one year. Elevault pays $434, while EverBank pays $405 - an APY advantage for Elevault.

Calculate Savings Growth for Elevault vs EverBank

All calculations are based on APY.

Elevault - High Yield Savings Account

Top APY: 4.34%

Total savings breakdown:

  • Interest earned: $2,655.5 (12.86%)
  • Total contributions: $13,000 (62.94%)
  • Initial deposit: $5,000 (24.21%)

Your total balance

$20,655.50

Effective APY: 4.34% (based on your deposit and contributions)

Total balance: $20,655.5

Earnings: $2,655.5

Bank Overview

EverBank - Performance Savings

Top APY: 4.05%

Total savings breakdown:

  • Interest earned: $2,467 (12.05%)
  • Total contributions: $13,000 (63.52%)
  • Initial deposit: $5,000 (24.43%)

Your total balance

$20,467.00

Effective APY: 4.05% (based on your deposit and contributions)

Total balance: $20,467

Earnings: $2,467

Bank Overview

With a $5,000 initial deposit and $13,000 in total contributions over 5 years, Elevault's total earnings would be $188.5 higher than EverBank's total earnings.

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

Compare Elevault's vs EverBank's Savings Accounts

ElevaultEverBank
ProductHigh Yield Savings AccountvsPerformance Savings
APY
4.34% (as of 10/21/2025)4.05% (as of 10/21/2025)
Bundled Account
NoNo
FDIC-insured
YesYes
Online OnlyYesYes
Compound Frequency
DailyDaily
Minimum Deposit$0$0
Minimum Balance for APY$0$0
Maintenance Fee$0$0
Direct Deposit Required
NoNo
NoteThe 4.34% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500.
App Store Rating3.8/52.3/5
Google Play Rating3.9/51.8/5
BBB RatingA+A+

Comparative Historical APY Insights (Last 2 Months)

ElevaultEverBank
ProductHigh Yield Savings AccountvsPerformance Savings
Latest APY4.34 %4.05 %
TrendFallingFalling
Slope (bps/mo)-14.7-14.3
Rate Changes / Mo0.390.39
Days Since Last Change2932
High (-2 m)4.60 %4.30 %
Low (-2 m)4.34 %4.05 %
Draw-down from High-5.7 %-5.8 %
Volatility (CV)0.0280.029
APY Insights Glossary
Latest APY
Most recent advertised annual-percentage yield.
Trend
Direction over the last 2 months (regression slope).
Slope (bps/mo)
Average monthly change; 10 bps = 0.10 pp.
Rate Changes / Mo
Typical number of APY moves per month.
Days Since Last Change
Recency of the latest APY adjustment.
High (-2 m)
Highest APY in the last 76 days.
Low (-2 m)
Lowest APY in the last 76 days.
Draw-down from High
How far today sits below the 2-month peak.
Volatility (CV)
Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
  • See how quickly a bank reacts to Fed moves or competition.
  • Gauge “twitchiness” - frequent moves can annoy savers.
  • Spot if you're buying near a peak (draw-down) or riding a rise.
  • Slope (bps/mo) shows speed of change.
  • Volatility (CV) scales jumps by average level.

More Comparisons

Compare Elevault's APY of 4.34% with other banks
Compare EverBank's APY of 4.05% with other banks