Elevault vs. Sallie Mae Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
Elevault
High Yield Savings Account
4.08%APYDec 10, 2025FDIC InsuredNo MinimumsShow Fine Print & Trends Hide Details
Elevault
High Yield Savings Account
Sallie Mae Bank
High-Yield Savings Account
3.90%APYDec 10, 2025FDIC InsuredNo MinimumsShow Fine Print & Trends Hide Details
Sallie Mae Bank
High-Yield Savings Account
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.25% APY.
Elevault vs. Sallie Mae Bank Savings Calculator
Elevault earns $116.2 more than Sallie Mae Bank.
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
Sallie Mae Bank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$2,370.20(11.6%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,370.20
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Elevault vs. Sallie Mae Bank
Why Elevault?
- ✓Higher potential APY (4.08% vs 3.90%) on all balances
Why Sallie Mae Bank?
No distinct advantages found vs Elevault.
— Key Feature Differences —
Better Returns at $10,000
ElevaultElevault's High Yield Savings Account earns more on smaller deposits (approx. $408 vs $390/yr).
Better Returns at $25,000
ElevaultElevault's High Yield Savings Account pulls ahead with larger amounts (approx. $1020 vs $975/yr).
Shared Benefits
Over a 1-year period, Elevault's High Yield Savings Account pays $18 more interest on a $10,000 balance than Sallie Mae Bank's High-Yield Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary
Elevault offers a High Yield Savings Account with an APY of 4.08%, which is higher than Sallie Mae Bank's High-Yield Savings Account at 3.90%. Elevault's account allows for daily compounding and has no minimum deposit or maintenance fees, making it an attractive option for savers, especially for balances up to $250,000, with a daily deposit limit of $2,500. Both accounts are online-only and do not require direct deposit. For those seeking higher returns, Elevault stands out as the preferred choice.
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 Sallie Mae Bank.
| Feature | Elevault | Sallie Mae Bank |
|---|---|---|
| APY | 4.08% Verified: 12/10/2025 ↘︎ 0.52%90d Change | 3.90% Verified: 12/10/2025 Stable (90d) |
| Product Name | High Yield Savings Account | High-Yield Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| 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 | iOS1.5 Android1.6 |
| 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 |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Elevault | Sallie Mae Bank |
|---|---|---|
| High Yield Savings Account | High-Yield Savings Account | |
Current APY | 4.08% | 3.90% |
Trend | Stable | Stable |
Velocity (bps/mo) | -16.2 | 0.0 |
Days Since Change | 36 | 126 |
4-Month High | 4.60% | 3.90% |
4-Month Low | 4.08% | 3.90% |
Adjustments / Mo | 0.47 | 0.00 |
Volatility Score | 0.049 | 0.000 |
How to read these metrics(Click to expand)
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