Elevault vs. Ivy Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of Elevault vs. Ivy Bank
Key Metrics at a Glance
| Feature | Elevault | Ivy Bank |
|---|---|---|
| Top Savings APY | 4.08% High Yield Savings Account | 4.25% High-Yield Savings Account |
| Minimum to Open | $0 | $2,500 |
| Minimum Balance for Top APY | $0 | $2,500 |
| 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 competitive APY of 4.08%, though it decreased from 4.34% in the last 30 days.
- No minimum deposit or balance requirement for Elevault's High Yield Savings Account.
- Elevault has no maintenance fees associated with its savings account.
Potential Drawbacks
- Elevault's App Store rating is lower at 3.7 compared to Ivy Bank's 4.7.
- Balances above $250,000 earn no interest in Elevault's High Yield Savings Account.
- Elevault has no physical branches.
Ivy Bank
Strengths
- Ivy Bank offers a higher APY of 4.25%, with no recent changes.
- Ivy Bank's App Store rating is higher at 4.7, indicating better user satisfaction.
- Ivy Bank has no maintenance fees for its High-Yield Savings Account.
Potential Drawbacks
- Ivy Bank requires a minimum deposit and balance of $2,500 to open an account.
- Ivy Bank's Google Play rating is lower at 3.5 compared to Elevault's 4.0.
- Ivy Bank has no physical branches.
→ 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 Ivy Bank's 4.25% APY for its High-Yield Savings Account, with a minimum balance of $2,500.
→ Ivy Bank yields $17 more than Elevault on a $10,000 balance after one year. Elevault pays $408, while Ivy Bank pays $425 - an APY advantage for Ivy Bank.
Calculate Savings Growth for Elevault vs Ivy Bank
Elevault - High Yield Savings Account
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
Total balance: $20,486.4
Earnings: $2,486.4
Bank OverviewIvy Bank - High-Yield Savings Account
Total savings breakdown:
- Interest earned: $2,596.8 (12.61%)
- Total contributions: $13,000 (63.12%)
- Initial deposit: $5,000 (24.28%)
Your total balance
$20,596.80
Total balance: $20,596.8
Earnings: $2,596.8
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Elevault's total earnings would be $110.4 lower than Ivy Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Elevault's vs Ivy Bank's Savings Accounts
| Elevault | Ivy Bank | ||
|---|---|---|---|
| Product | High Yield Savings Account | vs | High-Yield Savings Account |
| APY | 4.08% (as of 11/12/2025) | 0.05% - 4.25% (as of 11/12/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $0 | $2,500 | |
| Minimum Balance for APY | $0 | $2,500 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No | |
| Eligibility | United States | Residents of California and U.S. Territories (except District of Columbia) are ineligible to apply. | |
| Note | The 4.08% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. | ||
| App Store Rating | 3.7/5 | 4.7/5 | |
| Google Play Rating | 4.0/5 | 3.5/5 | |
| BBB Rating | A+ | A- |
No historical data available.