Chime vs. Elevault
Chime's Chime High-Yield Savings Account pays 3.75% APY while Elevault's High Yield Savings Account pays 4.34% APY.
Note: Chime's Chime High-Yield Savings Account also needs 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 $59 more than Chime annually ($434 vs $375).
Choose Chime if mobile app quality matters. Choose Elevault if getting the best rate matters most, or you want a no-strings-attached account.
Important Considerations
Chime's Chime High-Yield Savings Account pays its top rate only if you also open a checking account with Chime, while Elevault's High Yield Savings Account stands alone.
| Metric | ChimeChime High-Yield Savings Account Sep 11, 2026 | ElevaultHigh Yield Savings Account Sep 11, 2026 |
|---|---|---|
| APY | 3.75% | 4.34% |
Earns in a year | $5,000+$188 $10,000+$375 $25,000+$938 | $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 up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDirect Deposit ReqChecking BundleDaily Compounding | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDaily 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
Elevault offers a High Yield Savings Account with a competitive APY of 4.34%, making it the top choice compared to Chime's High-Yield Savings Account, which provides a lower APY of 3.75%. Both accounts require no minimum deposit and have no maintenance fees, but Chime requires direct deposit to access its rates. Elevault's APY applies to balances up to $250,000, with a daily deposit limit of $2,500. Both accounts are online-only and nationally available, catering to users seeking high-yield savings options.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Chime?
- Higher rated iOS app (4.8 vs 4.1)
- Higher rated Android app (4.7 vs 4.1)
Why Elevault?
- Higher potential APY (4.34% vs 3.75%) on all balances
- No checking account or direct deposit required
Key Feature Differences
Better Returns at $10,000
ElevaultElevault's High Yield Savings Account earns more on smaller deposits (approx. $434 vs $375/yr).
Better Returns at $25,000
ElevaultElevault's High Yield Savings Account pulls ahead with larger amounts (approx. $1085 vs $938/yr).
Better Mobile App Experience
ChimeChime offers an iOS app rated 4.8 (vs. 4.1) and Android app rated 4.7 (vs. 4.1)
Shared Benefits
Over a 1-year period, Elevault's High Yield Savings Account pays $59 more interest on a $10,000 balance than Chime's Chime High-Yield Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Chime vs. Elevault Savings Calculator
You earn $59 more with Elevault than Chime 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.
Chime
Chime High-Yield Savings Account
Savings Breakdown
- Interest Earned+$375.00(3.6%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,375.00
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 at a large branch bank?
A typical branch-bank savings rate is 0.05% APY. On a $10,000 balance, the gap to these two banks is at least $370 a year in interest.
Both Chime and Elevault advertise far more than that typical branch-bank rate.
| Feature | Chime | Elevault |
|---|---|---|
| APY | 3.75% Observed: 9/11/2026 Stable over 90 days | 4.34% Observed: 9/11/2026 Stable over 90 days |
| Product Name | Chime High-Yield Savings Account | High Yield Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0.01 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| In-Branch Access | No | No |
| Account Type | Online Only | Online Only |
| Physical Branches | Not reported | Not reported |
| Direct Deposit Req. | Required | None |
| Checking Bundle | Yes | No |
| Mobile Apps | ||
| FDIC or NCUA Insured | Yes | YesVerify FDIC |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A+ | A- |
| Important Notes | - | The APY is available up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. |
| Next Steps | Visit SiteVerify at Chime Non-sponsored link to official site | Visit SiteVerify at Elevault Non-sponsored link to official site |
Compare Savings Rates Over Time
Historical Performance
| Metric | Elevault |
|---|---|
| High Yield Savings Account | |
Current APY | 4.34% |
Trend | Stable |
Speed of change | 0.09 |
Days Since Change | 126 |
7-Month High | 4.34% |
7-Month Low | 3.82% |
Changes per month | 0.15 |
Steadiness | 0.064 |
How to read these metrics(Click to expand)
Trends and speed
- Trend: The general direction of the rate over the analyzed period. Useful for seeing whether a bank is raising its rate or letting it slip.
- Speed of change: How fast the rate moves. A high positive number means they raise rates quickly. A reading of 0.10 is a tenth of a percentage point each month.
- Changes per month: How often the rate moves. A high number means it changes constantly; a low number means it holds.
Risk & Range
- High/Low: The absolute ceiling and floor of the rate during the 206-day window.
- Steadiness: How far the rate swings around its average. A lower score means a steadier, more predictable rate.
- Days Since Change: A high number, for example above 90, means the rate rarely moves. A low number means it changed recently.
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More Comparisons
Compare Chime's APY of 3.75% 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 Axos Bank | 4.21% | $0 |
| Elevault vs Barclays | 3.65% | $0 |
| Elevault vs Capital One | 3.50% | $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 | 4.00% | $0 |
| Elevault vs Synchrony Bank | 3.30% | $0 |
| Elevault vs Varo Bank | 3.75% | $0 |
| Elevault vs Wealthfront | 3.95% | $0 |