Axos Bank vs. Elevault
Axos Bank's Axos ONE Savings pays 4.21% APY while Elevault's High Yield Savings Account pays 4.34% APY.
Note: Axos Bank requires a checking account.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Elevault pays $13 more than Axos Bank annually ($434 vs $421).
Choose Axos Bank if mobile app quality matters. Choose Elevault if getting the best rate matters most, or you want a no-strings-attached account.
Important Considerations
Axos Bank requires a checking account to unlock its top savings rate, while Elevault offers its savings account standalone.
| Metric | Axos BankAxos ONE Savings Aug 21, 2026 | ElevaultHigh Yield Savings Account Aug 20, 2026 |
|---|---|---|
| APY | 3.50% - 4.21% | 4.34% |
Est. Earnings | $5,000+$211 $10,000+$421 $25,000+$1,053 | $5,000+$217 $10,000+$434 $25,000+$1,085 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | The APY is available with the Axos ONE savings and checking bundle. The checking account also earns interest. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of more than $1,500 in your ONE Checking account, or receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000. | The APY is available up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppChecking BundleDaily CompoundingStable Rate | FDIC InsuredNo MinimumsDaily CompoundingRate Changes Often |
Prefer In-Person Banking?
Both of these institutions are online-only. If you need in-branch access, check out our list of savings accounts with brick-and-mortar locations.
Executive Summary
A detailed summary for this comparison is being prepared. Check back soon.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Axos Bank?
- ✓Access to 95,000 fee-free ATMs
- ✓Higher rated iOS app (4.7 vs 3.7)
- ✓Higher rated Android app (4.5 vs 3.9)
- ✓Offers 3 different high-yield savings options
Why Elevault?
- ✓Higher potential APY (4.34% vs 3.50%-4.21%) on all balances
Key Feature Differences
Better Returns at $10,000
ElevaultElevault's High Yield Savings Account earns more on smaller deposits (approx. $434 vs $421/yr).
Better Returns at $25,000
ElevaultElevault's High Yield Savings Account pulls ahead with larger amounts (approx. $1085 vs $1053/yr).
Best for Simplicity
Axos BankAxos Bank's Summit Savings offers 3.75% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Axos BankAxos Bank offers an iOS app rated 4.7 (vs. 3.7) and Android app rated 4.5 (vs. 3.9)
Shared Benefits
Over a 1-year period, Elevault's High Yield Savings Account pays $13 more interest on a $10,000 balance than Axos Bank's Axos ONE Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
* Secure link to our partner
Non-sponsored link to official site
Top Market Contenders
Axos Bank vs. Elevault Savings Calculator
You earn $13 more with Elevault than Axos 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.
Axos Bank
Axos ONE Savings
Savings Breakdown
- Interest Earned+$421.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,421.00
Elevault
High Yield Savings Account
Savings Breakdown
- Interest Earned+$434.00(4.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,434.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $420 per year in interest.
Both Axos Bank and Elevault dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Axos Bank | Elevault |
|---|---|---|
| APY | 4.21% Range: 3.50% - 4.21% Verified: 8/21/2026 - | 4.34% Verified: 8/20/2026 - |
| Product Name | Axos ONE Savings | High Yield Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| In-Branch Access | No | No |
| Account Type | Online Only | Online Only |
| Physical Branches | None | N/A |
| Direct Deposit Req. | None | None |
| Checking Bundle | Yes | No |
| Mobile Apps | ||
| FDIC or NCUA Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A+ | A |
| Important Notes | The APY is available with the Axos ONE savings and checking bundle. The checking account also earns interest. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of more than $1,500 in your ONE Checking account, or receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000. | The APY is available up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. |
| Next Steps | Visit SiteGo to Axos Bank * Secure link to our partner | Visit SiteVerify at Elevault Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Axos Bank | Elevault | ||
|---|---|---|---|---|
| Axos ONE Savings | Summit Savings | High Yield Savings | High Yield Savings Account | |
Current APY | 4.21% | 3.75% | 0.61% | 4.34% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -4.0 | -5.3 | -0.0 | -11.3 |
Days Since Change | 200 | 253 | 361 | 105 |
12-Month High | 4.51% | 4.00% | 0.61% | 4.60% |
12-Month Low | 4.21% | 3.75% | 0.61% | 3.82% |
Adjustments / Mo | 0.25 | 0.08 | 0.00 | 0.33 |
Volatility Score | 0.022 | 0.030 | 0.000 | 0.064 |
How to read these metrics(Click to expand)
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Compare Axos Bank's APY of 4.21% with other banks
Compare Elevault's APY of 4.34% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Elevault vs Ally Bank | 3.00% | $0 |
| Elevault vs American Express | 3.00% | $0 |
| Elevault vs Barclays | 3.65% | $0 |
| Elevault vs Capital One | 3.50% | $0 |
| Elevault vs Chime | 3.75% | $0 |
| Elevault vs CIT Bank | 3.75% | $100 |
| Elevault vs EverBank | 3.90% | $0 |
| Elevault vs Marcus by Goldman Sachs | 3.40% | $0 |
| Elevault vs Newtek Bank | 4.20% | $100 |
| Elevault vs Openbank | 3.80% | $500 |
| Elevault vs Pibank | 4.10% | $0 |
| Elevault vs SoFi Bank | 3.80% | $0 |
| Elevault vs Synchrony Bank | 3.30% | $0 |
| Elevault vs Varo Bank | 3.75% | $0 |
| Elevault vs Wealthfront | 3.95% | $0 |