Elevault vs. Newtek Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
Elevault
High Yield Savings Account
4.08%APYDec 6, 2025FDIC InsuredNo MinimumsShow Fine Print & Trends Hide Details
Elevault
High Yield Savings Account
Newtek Bank
Personal High Yield Savings
4.35%APYDec 6, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Newtek Bank
Personal High Yield Savings
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.
Comparison Analysis
Comparing Elevault vs. Newtek Bank
Why Elevault?
No distinct advantages found vs Newtek Bank.
Why Newtek Bank?
- ✓Higher potential APY (4.35% vs 4.08%) on all balances
- ✓Higher rated iOS app (4.5 vs 3.7)
— Key Feature Differences —
Better Returns at $10,000
Newtek BankNewtek Bank's Personal High Yield Savings earns more on smaller deposits (approx. $435 vs $408/yr).
Better Returns at $25,000
Newtek BankNewtek Bank's Personal High Yield Savings pulls ahead with larger amounts (approx. $1087 vs $1020/yr).
Best for Simplicity
Newtek BankNewtek Bank's Personal High Yield Savings offers 4.35% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Newtek BankNewtek Bank offers an iOS app rated 4.5 (vs. 3.7) and Android app rated 4.2 (vs. 3.9)
Shared Benefits
Over a 1-year period, Newtek Bank's Personal High Yield Savings pays $27 more interest on a $10,000 balance than Elevault's High Yield Savings Account.
Executive Summary
Newtek Bank offers a Personal High Yield Savings account with a competitive APY of 4.35%, making it the preferred choice compared to Elevault's High Yield Savings Account, which provides an APY of 4.08%. Newtek Bank's account has no minimum balance requirement and does not require direct deposit, enhancing its accessibility. In contrast, Elevault's account allows for interest on balances up to $250,000 but has a daily deposit limit of $2,500. Both accounts are online-only and free of maintenance fees, but Newtek Bank stands out for its higher yield and simplicity.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Top Market Contenders
See who beats both Elevault and Newtek Bank.
| Feature | Elevault | Newtek Bank |
|---|---|---|
| APY | 4.08% Verified: 12/6/2025 ↘︎ 0.52%90d Change | 4.35% Verified: 12/6/2025 Stable (90d) |
| Product Name | High Yield Savings Account | Personal High Yield Savings |
| Minimum Deposit | $0 | $0.01 |
| Min. Balance for APY | $0 | $0.01 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS3.7 Android3.9 | iOS4.5 Android4.2 |
| BBB Rating | A+ | A+ |
| Important Notes | The 4.08% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. | - |
| Next Steps |
Savings Comparison
Newtek Bank earns $175.6 more than Elevault.
Elevault
High Yield Savings Account
Savings Breakdown
- Interest Earned+$2,486.40(12.1%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,486.40
Newtek Bank
Personal High Yield Savings
Savings Breakdown
- Interest Earned+$2,662.00(12.9%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,662.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Elevault | Newtek Bank |
|---|---|---|
| High Yield Savings Account | Personal High Yield Savings | |
Current APY | 4.08% | 4.35% |
Trend | Stable | Stable |
Velocity (bps/mo) | -16.6 | -0.0 |
Days Since Change | 32 | 121 |
4-Month High | 4.60% | 4.35% |
4-Month Low | 4.08% | 4.35% |
Adjustments / Mo | 0.49 | 0.00 |
Volatility Score | 0.048 | 0.000 |
How to read these metrics(Click to expand)
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