Elevault vs. MutualOne Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | ElevaultHigh Yield Savings Account Jan 7, 2026 | MutualOne BankMo Premium Savings Jan 7, 2026 |
|---|---|---|
| APY | 3.82% | 4.07% |
Est. Earnings | $5,000+$191 $10,000+$382 $25,000+$955 | $5,000+$0 $10,000+$0 $25,000+$1,018 |
Min Deposit | $0 | $20,000 |
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 Minimums | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppIn-Person AccessZelle® Supported |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.21% APY.
Comparison Analysis
Comparing Elevault vs. MutualOne Bank
As of Elevault offers an APY of 3.82% for its High Yield Savings Account, with a minimum balance of $0, compared to MutualOne Bank's 4.07% APY for its Mo Premium Savings account, with a minimum balance of $20,000.
MutualOne Bank pays $25 more than Elevault on a $10,000 balance after one year. Elevault pays $382, while MutualOne Bank pays $407 - an APY advantage for MutualOne Bank.
In addition, MutualOne Bank also offers 0.40% APY for the Online Savings account, with a minimum balance of 0.
Why Elevault?
No distinct advantages found vs MutualOne Bank.
Why MutualOne Bank?
- ✓Higher potential APY (4.07% vs 3.82%)
- ✓No checking account or direct deposit required
- ✓Physical branch access (Full-service banking offices in Framingham, MA, and Natick, MA)
- ✓Higher rated iOS app (4.9 vs 3.7)
- ✓Higher rated Android app (4.4 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. $382 vs $0/yr).
Better Returns at $25,000
MutualOne BankMutualOne Bank's Mo Premium Savings pulls ahead with larger amounts (approx. $1018 vs $955/yr).
Best for Simplicity
MutualOne BankMutualOne Bank's Mo Premium Savings offers 4.07% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
MutualOne BankMutualOne Bank offers an iOS app rated 4.9 (vs. 3.7) and Android app rated 4.4 (vs. 3.9)
Shared Benefits
Over a 1-year period, MutualOne Bank's Mo Premium Savings pays $25 more interest on a $10,000 balance than Elevault's High Yield Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
MutualOne Bank's Mo Premium Savings account offers a higher APY of 4.07%, making it the superior choice for savers looking for better returns on larger deposits, with no direct deposit requirement and no caps on earnings. In contrast, Elevault's High Yield Savings Account provides a competitive APY of 3.82% for balances up to $250,000, but is limited to online access and has a daily deposit limit of $2,500. While both accounts have no maintenance fees, the higher APY at MutualOne Bank positions it as the more attractive option for those with larger savings.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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Top Market Contenders
Elevault vs. MutualOne Bank Savings Calculator
You earn $50 more with MutualOne Bank than Elevault on a $20,000 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
3.82% on first $250,000 and 0.00% thereafter.
Savings Breakdown
- Interest Earned+$764.00(3.7%)
- Total Contributions$0
- Initial Deposit$20,000
Projected Balance
$20,764.00
MutualOne Bank
Mo Premium Savings
Savings Breakdown
- Interest Earned+$814.00(3.9%)
- Total Contributions$0
- Initial Deposit$20,000
Projected Balance
$20,814.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Elevault | MutualOne Bank |
|---|---|---|
| APY | 3.82% Verified: 1/7/2026 ↘︎ 0.52%90d Change | 4.07% Verified: 1/7/2026 Stable (90d) |
| Product Name | High Yield Savings Account | Mo Premium Savings |
| Minimum Deposit | $0 | $20,000 |
| Min. Balance for APY | $0 | $20,000 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS3.7 Android3.9 | iOS4.9 Android4.4 |
| Zelle® Support | Not Supported | Available Verified via website and app descriptions. |
| 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 Elevault Non-sponsored link to official site | Visit SiteVerify at MutualOne Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Elevault | MutualOne Bank | |
|---|---|---|---|
| High Yield Savings Account | Online Savings | Mo Premium Savings | |
Current APY | 3.82% | 0.40% | 4.07% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -18.9 | 0.0 | -0.0 |
Days Since Change | 22 | 114 | 114 |
4-Month High | 4.60% | 0.40% | 4.07% |
4-Month Low | 3.82% | 0.40% | 4.07% |
Adjustments / Mo | 0.77 | 0.00 | 0.00 |
Volatility Score | 0.053 | 0.000 | 0.000 |
How to read these metrics(Click to expand)
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