Elevault vs. Forbright Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of Elevault vs. Forbright Bank
Key Metrics at a Glance
| Feature | Elevault | Forbright Bank |
|---|---|---|
| Top Savings APY | 4.08% High Yield Savings Account | 4.00% Growth Savings |
| Minimum to Open | $0 | $0 |
| Minimum Balance for Top APY | $0 | $0 |
| Note | The 4.08% 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 4.08% compared to Forbright Bank's highest APY of 4.00%.
- No minimum deposit or balance requirement for Elevault's High Yield Savings Account.
- Elevault has no maintenance fees for its accounts.
Potential Drawbacks
- Elevault's APY decreased from 4.34% in the last 30 days.
- Elevault's App Store rating is lower at 3.7 compared to Forbright Bank's 4.8.
- Elevault is not BBB Accredited.
Forbright Bank
Strengths
- Forbright Bank has a higher App Store rating of 4.8.
- Forbright Bank is BBB Accredited, indicating higher trustworthiness.
- Forbright Bank offers multiple savings accounts with competitive rates.
Potential Drawbacks
- Forbright Bank's highest APY is lower at 4.00% than Elevault's 4.08%.
- Forbright Bank requires a minimum balance of $250,000 for its Bright Savings account's highest APY.
- Forbright Bank's Growth Savings account has no direct deposit requirement but offers a lower APY than Elevault.
Summary: Elevault provides a higher APY of 4.08% with no minimum balance or fees, but its rating and accreditation are lower than Forbright Bank. Forbright Bank, while offering a slightly lower APY of 4.00%, has a better App Store rating and is BBB Accredited, enhancing its trustworthiness. However, it has higher minimum balance requirements for its top-tier accounts.
→ As of November 12, 2025 Elevault offers an APY of 4.08% for its High Yield Savings Account, with a minimum balance of $0, compared to Forbright Bank's 4.00% APY for its Growth Savings account, with a minimum balance of $0.
→ Elevault yields $8 more than Forbright Bank on a $10,000 balance after one year. Elevault pays $408, while Forbright Bank pays $400 - an APY advantage for Elevault.
→ In addition, Forbright Bank also offers 3.65% APY for the Bright Savings account.
Calculate Savings Growth for Elevault vs Forbright Bank
All calculations are based on APY.
Elevault - High Yield Savings Account
Top APY: 4.08%
Total savings breakdown:
- Interest earned: $2,486.4 (12.14%)
- Total contributions: $13,000 (63.46%)
- Initial deposit: $5,000 (24.41%)
Your total balance
$20,486.40
Effective APY: 4.08% (based on your deposit and contributions)
Total balance: $20,486.4
Earnings: $2,486.4
Bank OverviewForbright Bank - Growth Savings
Top APY: 4.00%
Total savings breakdown:
- Interest earned: $2,434.7 (11.91%)
- Total contributions: $13,000 (63.62%)
- Initial deposit: $5,000 (24.47%)
Your total balance
$20,434.70
Effective APY: 4.00% (based on your deposit and contributions)
Total balance: $20,434.7
Earnings: $2,434.7
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Elevault's total earnings would be $51.7 higher than Forbright Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Elevault's vs Forbright Bank's Savings Accounts
| Elevault | Forbright Bank | ||||
|---|---|---|---|---|---|
| Product | High Yield Savings Account | vs | Growth Savings | Bright Savings | Sprout Savings |
| APY | 4.08% (as of 11/12/2025) | 4.00% (as of 11/12/2025) | 2.75% - 3.65% (as of 11/12/2025) | 0.80% - 3.65% (as of 11/12/2025) | |
| Bundled Account | No | No | No | No | |
| FDIC-insured | Yes | Yes | Yes | Yes | |
| Online Only | Yes | Yes | No | No | |
| Compound Frequency | Daily | Daily | Daily | Daily | |
| Minimum Deposit | $0 | $0 | $250 | $1 | |
| Minimum Balance for APY | $0 | $0 | $250,000 | $0.01 | |
| Maintenance Fee | $0 | $0 | $0 | $0 | |
| Direct Deposit Required | No | No | No | No | |
| Eligibility | United States | United States | This account must be opened in a Forbright branch (Washington, D.C. metro area) | This account is for children under 18 years old, where the account custodian is an existing customer. It must be opened in a Forbright branch (Washington, D.C. metro area) | |
| Note | The 4.08% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. | This is a tiered savings account, where the highest rate is obtained by meeting a minimum balance of $250,000. A lower APY of 2.75% may be obtained with as little as $0.01 in balance. See bank for more details and all tiers. | This is a tiered savings account, where the highest rate is capped at a balance of $9,999. A lower APY of 0.80% is applied to balances above that. See bank for more details. | ||
| App Store Rating | 3.7/5 | 4.8/5 | |||
| Google Play Rating | 4.0/5 | 4.6/5 | |||
| BBB Rating | A+ | A+ | |||
Comparative Historical APY Insights (Last 3 Months)
| Elevault | Forbright Bank | ||||
|---|---|---|---|---|---|
| Product | High Yield Savings Account | vs | Sprout Savings | Bright Savings | Growth Savings |
| Latest APY | 4.08 % | 3.65 % | 3.65 % | 4.00 % | |
| Trend | Falling | Falling | Falling | Falling | |
| Slope (bps/mo) | -15.7 | -11.0 | -11.0 | -10.6 | |
| Rate Changes / Mo | 0.61 | 0.30 | 0.30 | 0.30 | |
| Days Since Last Change | 9 | 43 | 43 | 35 | |
| High (-3 m) | 4.60 % | 3.90 % | 3.90 % | 4.25 % | |
| Low (-3 m) | 4.08 % | 3.65 % | 3.65 % | 4.00 % | |
| Draw-down from High | -11.3 % | -6.4 % | -6.4 % | -5.9 % | |
| Volatility (CV) | 0.040 | 0.033 | 0.033 | 0.030 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 3 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 (-3 m)
- Highest APY in the last 99 days.
- Low (-3 m)
- Lowest APY in the last 99 days.
- Draw-down from High
- How far today sits below the 3-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.