Elevault vs. Vio Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of Elevault vs. Vio Bank
Key Metrics at a Glance
| Feature | Elevault | Vio Bank |
|---|---|---|
| Top Savings APY | 4.08% High Yield Savings Account | 4.21% Online Savings Account |
| Minimum to Open | $0 | $100 |
| Minimum Balance for Top APY | $0 | $0 |
| Note | The 4.08% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. |
Elevault
Strengths
- Elevault offers a competitive APY of 4.08%, although it decreased from 4.34% last month.
- No maintenance fees or minimum balance required for the High Yield Savings Account.
- Elevault has a higher Google Play rating of 4.0 compared to Vio Bank's 3.3.
Potential Drawbacks
- Elevault is not BBB Accredited, which may affect trust for some customers.
- The APY of 4.08% is capped at $250,000; balances above earn no interest.
- Elevault's App Store rating is lower at 3.7 compared to Vio Bank's 4.6.
Vio Bank
Strengths
- Vio Bank offers a slightly higher APY of 4.21%, with no recent changes.
- Vio Bank is BBB Accredited, which may enhance customer trust.
- Vio Bank has a higher App Store rating of 4.6 compared to Elevault's 3.7.
Potential Drawbacks
- Vio Bank requires a minimum deposit of $100 to open the Online Savings Account.
- A maintenance fee of $5 may apply if electronic statements are not selected.
- Vio Bank's Google Play rating is lower at 3.3 compared to Elevault's 4.0.
→ As of November 12, 2025 Elevault offers an APY of 4.08% for its High Yield Savings Account, with a minimum balance of $0, compared to Vio Bank's 4.21% APY for its Online Savings Account, with a minimum balance of $0.
→ Vio Bank yields $13 more than Elevault on a $10,000 balance after one year. Elevault pays $408, while Vio Bank pays $421 - an APY advantage for Vio Bank.
Calculate Savings Growth for Elevault vs Vio Bank
Elevault - High Yield Savings Account
Total savings breakdown:
- Interest earned: $2,486.4 (12.14%)
- Total contributions: $13,000 (63.46%)
- Initial deposit: $5,000 (24.41%)
Your total balance
$20,486.40
Total balance: $20,486.4
Earnings: $2,486.4
Bank OverviewVio Bank - Online Savings Account
Total savings breakdown:
- Interest earned: $2,570.8 (12.50%)
- Total contributions: $13,000 (63.20%)
- Initial deposit: $5,000 (24.31%)
Your total balance
$20,570.80
Total balance: $20,570.8
Earnings: $2,570.8
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Elevault's total earnings would be $84.4 lower than Vio Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Elevault's vs Vio Bank's Savings Accounts
| Elevault | Vio Bank | ||
|---|---|---|---|
| Product | High Yield Savings Account | vs | Online Savings Account |
| APY | 4.08% (as of 11/12/2025) | 4.21% (as of 11/12/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $0 | $100 | |
| Minimum Balance for APY | $0 | $0 | |
| Maintenance Fee | $0 | $0, if electronic statements selected, otherwise $5 | |
| Direct Deposit Required | No | No | |
| Note | The 4.08% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. | ||
| App Store Rating | 3.7/5 | 4.6/5 | |
| Google Play Rating | 4.0/5 | 3.3/5 | |
| BBB Rating | A+ | A+ |
No historical data available.