Elevault vs. Santander 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
Santander Bank
Santander Savings
0.01%APYDec 6, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessShow Fine Print & Trends Hide Details
Santander Bank
Santander Savings
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.
Comparison Analysis
Comparing Elevault vs. Santander Bank
Why Elevault?
- ✓Higher potential APY (4.08% vs 0.01%) on all balances
- ✓No checking account or direct deposit required
Why Santander Bank?
- ✓Physical branch access (Primarily in the Northeast and Miami, Florida)
- ✓Higher rated iOS app (4.8 vs 3.7)
— Key Feature Differences —
Better Returns at $10,000
ElevaultElevault's High Yield Savings Account earns more on smaller deposits (approx. $408 vs $1/yr).
Better Returns at $25,000
ElevaultElevault's High Yield Savings Account pulls ahead with larger amounts (approx. $1020 vs $3/yr).
Best for Simplicity
ElevaultElevault's High Yield Savings Account offers 4.08% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Santander BankSantander Bank offers an iOS app rated 4.8 (vs. 3.7) and Android app rated 4.0 (vs. 3.9)
Shared Benefits
Over a 1-year period, Elevault's High Yield Savings Account pays $407 more interest on a $10,000 balance than Santander Bank's Santander Savings.
Executive Summary
Elevault offers a High Yield Savings Account with a competitive APY of 4.08%, providing better returns on deposits compared to Santander Bank's Savings account, which yields only 0.01% APY. Elevault's account has no minimum deposit, maintenance fees, or direct deposit requirements, making it an attractive option for savers looking for simplicity. In contrast, Santander Bank's account requires a minimum deposit of $25 and incurs a $1 maintenance fee. Overall, Elevault stands out as the superior choice for those seeking higher interest rates on their savings.
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 Santander Bank.
| Feature | Elevault | Santander Bank |
|---|---|---|
| APY | 4.08% Verified: 12/6/2025 ↘︎ 0.52%90d Change | 0.01% Verified: 12/6/2025 ↘︎ 0.02%90d Change |
| Product Name | High Yield Savings Account | Santander Savings |
| Minimum Deposit | $0 | $25 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $1 |
| 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 | iOS4.8 Android4.0 |
| BBB Rating | A+ | Not Rated |
| 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
Elevault earns $2,480.7 more than Santander 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
Santander Bank
Santander Savings
Savings Breakdown
- Interest Earned+$5.70(0.0%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$18,005.70
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 | Santander Bank |
|---|---|---|
| High Yield Savings Account | Santander Savings | |
Current APY | 4.08% | 0.01% |
Trend | Stable | Stable |
Velocity (bps/mo) | -16.6 | -0.6 |
Days Since Change | 32 | 78 |
4-Month High | 4.60% | 0.03% |
4-Month Low | 4.08% | 0.01% |
Adjustments / Mo | 0.49 | 0.25 |
Volatility Score | 0.048 | 0.572 |
How to read these metrics(Click to expand)
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