Elevault vs. EverBank
Comparing Elevault and EverBank for high-yield savings: Elevault's High Yield Savings Account pays 4.34% APY while EverBank's Performance Savings pays 3.90% APY.
Note: 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 $44 more than EverBank annually ($434 vs $390).
Choose Elevault if getting the best rate matters most. Choose EverBank if you want a no-strings-attached account, mobile app quality matters, or you want Zelle for quick transfers.
| Metric | ElevaultHigh Yield Savings Account Jun 5, 2026 | EverBankPerformance Savings Jun 5, 2026 |
|---|---|---|
| APY | 4.34% | 3.90% |
Est. Earnings | $5,000+$217 $10,000+$434 $25,000+$1,085 | $5,000+$195 $10,000+$390 $25,000+$975 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | The 4.34% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. | - |
| Features | FDIC InsuredNo MinimumsDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often |
Prefer In-Person Banking?
Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
Executive Summary
Elevault offers a High Yield Savings Account with a competitive APY of 4.34%, significantly higher than EverBank's Performance Savings, which provides an APY of 3.90%. Both accounts require no minimum deposit or balance and have no maintenance fees, making them accessible options. Elevault's account allows for daily compounding and is limited to balances up to $250,000, while EverBank's account is noted for its simplicity and user-friendly mobile app experience. Both accounts are online-only, and neither requires direct deposit.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Elevault?
- ✓Higher potential APY (4.34% vs 3.90%) on all balances
Why EverBank?
- ✓No checking account or direct deposit required
- ✓Physical branch access (11 locations in Florida and California)
- ✓Higher rated iOS app (4.8 vs 3.6)
- ✓Higher rated Android app (4.7 vs 3.9)
- ✓Fast transfers via Zelle®
— Key Feature Differences —
Better Returns at $10,000
ElevaultElevault's High Yield Savings Account earns more on smaller deposits (approx. $434 vs $390/yr).
Better Returns at $25,000
ElevaultElevault's High Yield Savings Account pulls ahead with larger amounts (approx. $1085 vs $975/yr).
Best for Simplicity
EverBankEverBank's Performance Savings offers 3.90% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
EverBankEverBank offers an iOS app rated 4.8 (vs. 3.6) and Android app rated 4.7 (vs. 3.9)
Shared Benefits
Over a 1-year period, Elevault's High Yield Savings Account pays $44 more interest on a $10,000 balance than EverBank's Performance Savings.
*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
Elevault vs. EverBank Savings Calculator
You earn $44 more with Elevault than EverBank 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.
Elevault
High Yield Savings Account
4.34% on first $250,000 and 0.00% thereafter.
Savings Breakdown
- Interest Earned+$434.00(4.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,434.00
EverBank
Performance Savings
Savings Breakdown
- Interest Earned+$390.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,390.00
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 $389 per year in interest.
Both Elevault and EverBank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Elevault | EverBank |
|---|---|---|
| APY | 4.34% Verified: 6/5/2026 ↗︎ 0.52%90d Change | 3.90% Verified: 6/5/2026 Stable (90d) |
| Product Name | High Yield Savings Account | Performance Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | N/A | 11 locations in Florida and California |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Available Native integration verified. |
| BBB Rating | A | A+ |
| Important Notes | The 4.34% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. | - |
| Next Steps | Visit SiteVerify at Elevault Non-sponsored link to official site | Visit SiteVerify at EverBank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Elevault | EverBank |
|---|---|---|
| High Yield Savings Account | Performance Savings | |
Current APY | 4.34% | 3.90% |
Trend | Stable | Stable |
Velocity (bps/mo) | -5.4 | -3.8 |
Days Since Change | 30 | 168 |
10-Month High | 4.60% | 4.30% |
10-Month Low | 3.82% | 3.90% |
Adjustments / Mo | 0.40 | 0.20 |
Volatility Score | 0.070 | 0.032 |
How to read these metrics(Click to expand)
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More Comparisons
Compare Elevault's APY of 4.34% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Elevault vs Ally Bank | 3.10% | $0 |
| Elevault vs American Express | 3.10% | $0 |
| Elevault vs Axos Bank | 4.21% | $0 |
| Elevault vs Barclays | 3.75% | $0 |
| Elevault vs Capital One | 3.00% | $0 |
| Elevault vs Chime | 3.00% | $0 |
| Elevault vs CIT Bank | 3.75% | $100 |
| Elevault vs Discover Bank | 3.30% | $0 |
| Elevault vs Marcus by Goldman Sachs | 3.40% | $0 |
| Elevault vs Newtek Bank | 4.20% | $0.01 |
| Elevault vs Openbank | 4.00% | $500 |
| Elevault vs Pibank | 4.40% | $0 |
| Elevault vs SoFi Bank | 3.80% | $0 |
| Elevault vs Synchrony Bank | 3.40% | $0 |
| Elevault vs Varo Bank | 5.00% | $0 |
| Elevault vs Wealthfront | 4.20% | $0 |