Elevault vs. SoFi Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | ElevaultHigh Yield Savings Account Jan 21, 2026 | SoFi BankSoFi Savings Jan 21, 2026 |
|---|---|---|
| APY | 3.82% | 3.30% - 4.00% |
Est. Earnings | $5,000+$191 $10,000+$382 $25,000+$955 | $5,000+$183 $10,000+$365 $25,000+$913 |
Min Deposit | $0 | $0 |
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. | Limited offer: The 4.00% includes a temporary 0.70% APY boost for 6 months. It is available with a direct deposit of regular income, or a $10/month subscription. See terms at SoFi Bank. The savings account comes bundled with a checking account with a 0.50% APY. |
| Features | FDIC InsuredNo Minimums | FDIC InsuredNo MinimumsGreat iOS AppZelle® SupportedChecking Bundle |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.20% APY.
As of Elevault offers an APY of 3.82% for its High Yield Savings Account, with a minimum balance of $0, compared to SoFi Bank's 4.00% APY for its SoFi Savings account, with a minimum balance of $0.
Elevault pays $17 more than SoFi Bank on a $10,000 balance after one year. Elevault pays $382, while SoFi Bank pays $365 (with an effective APY of 3.65%) - an APY advantage for Elevault.
Why Elevault?
- ✓No checking account or direct deposit required
Why SoFi Bank?
- ✓Earn a $50 bonus with $1,000+ in direct deposits, or $300 with $5,000+.
- ✓Earn 0.50% APY on checking account with access to 55,000+ fee free ATMs
- ✓Higher potential APY (4.00% vs 3.82%) for a duration of 6 months (requires checking bundle)
- ✓Higher rated iOS app (4.8 vs 3.7)
- ✓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 $365/yr).
Better Returns at $25,000
ElevaultElevault's High Yield Savings Account pulls ahead with larger amounts (approx. $955 vs $913/yr).
Shared Benefits
Over a 1-year period, Elevault's High Yield Savings Account pays $17 more interest on a $10,000 balance than SoFi Bank's SoFi Savings.
*This comparison accounts for SoFi Bank's introductory promotional rate, yet Elevault's standard rate still yields a higher 1-year return.
Executive Summary as of
SoFi Bank's Savings Account offers a competitive APY of 4.00%, including a temporary boost for six months, making it the highest-yielding option compared to Elevault's High Yield Savings Account, which has an APY of 3.82%. Both accounts are online-only with no minimum deposit or maintenance fees. While Elevault's account allows for daily deposits up to $2,500 and earns interest on balances up to $250,000, SoFi's account requires either a direct deposit or a $10 monthly subscription fee for the promotional rate. SoFi's account also comes bundled with a checking account that offers a 0.50% APY.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Elevault vs. SoFi Bank Savings Calculator
You earn $17.1 more with Elevault than SoFi Bank on a $10,000 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+$382.00(3.7%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,382.00
SoFi Bank
SoFi Savings
Promo Rate: 4.00% for 6 months, then 3.30%.
Savings Breakdown
- Interest Earned+$364.90(3.5%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,364.90
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Elevault | SoFi Bank |
|---|---|---|
| APY | 3.82% Verified: 1/21/2026 ↘︎ 0.52%90d Change | 4.00% Range: 3.30% - 4.00% Verified: 1/21/2026 ↘︎ 0.50%90d Change |
| Product Name | High Yield Savings Account | SoFi Savings |
| 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 | While direct deposit is not required, the alternative is a subscription fee of $10/month |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS3.7 Android3.9 | iOS4.8 Android3.9 |
| Zelle® Support | Not Supported | Available Native support added in 2024 for banking members. |
| 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. | Limited offer: The 4.00% includes a temporary 0.70% APY boost for 6 months. It is available with a direct deposit of regular income, or a $10/month subscription. See terms at SoFi Bank. The savings account comes bundled with a checking account with a 0.50% APY. |
| Next Steps | Visit SiteVerify at Elevault Non-sponsored link to official site | Visit SiteVerify at SoFi Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Elevault | SoFi Bank |
|---|---|---|
| High Yield Savings Account | SoFi Savings | |
Current APY | 3.82% | 4.00% |
Trend | Stable | Stable |
Velocity (bps/mo) | -17.3 | 1.1 |
Days Since Change | 36 | 29 |
6-Month High | 4.60% | 4.50% |
6-Month Low | 3.82% | 3.80% |
Adjustments / Mo | 0.54 | 0.54 |
Volatility Score | 0.068 | 0.062 |
How to read these metrics(Click to expand)
Compare Similar Alternatives
Compare Elevault vs...
Comparing against Standard Savings
Compare SoFi Bank vs...
Comparing against other Bundled Accounts