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Elevault High-Yield Savings

Rated on published terms

4.34% APY paid daily on balances up to $500,000; variable rate, no minimum deposit, no monthly fee

Rates verified October 21, 2026
High-Yield Savings
Open account

The Bottom Line

APY
4.34% (verified Oct 21, 2026). All rates and fees

Key facts

  • Min. deposit: None
  • Monthly fee: None
  • Insurance: FDIC insured

Pros

  • 4.34% APY with interest paid daily on balances up to $500,000
  • No minimum deposit, no minimum balance and no monthly fee
  • Deposits held at Southern Bancorp, Member FDIC, insured to $250,000 or more per portfolio

Cons

  • Linked accounts have a $2,500 daily limit on deposits and withdrawals, which slows moving large balances
  • Balances above $500,000 do not earn interest
  • The rate is variable and can change at any time

At a glance

Rates verified October 21, 2026

The provider's own page dates these rates ; we read the page on the date above.

APY
4.34%
APY note
4.34% APY (4.25% interest rate), variable and subject to change at any time; Elevault dates the figure 05/05/26. Interest is paid daily on balances up to $500,000; balances above $500,000 do not earn interest. Linked accounts have a $2,500 per day limit on deposits and withdrawals.
Minimum deposit
None
Monthly fee
None
FDIC
Southern Bancorp, Member FDIC (Cert #1528), insured to $250,000 or more per portfolio
Institution
Elevault (fintech; deposits via Southern Bancorp, Member FDIC)
ATM access
No

Sources: elevault.app, intercom.help/elevault/en/articles/9291270-what…, read October 21, 2026

How this rate compares

11.7x

the FDIC national savings average of 0.37% (September 21, 2026). On a $10,000 balance that is about $397 more in a year.

Last verified October 21, 2026

We re-verify against the issuer's own page when we refresh this listing, and we stamp that date. We do not claim a daily check.

APYs are variable and can change at any time. The FDIC national average is a floor for what an ordinary savings account pays, not a competitor. Named comparisons use each product's last issuer-page check.

Is it worth it?

$434 a year on a $10,000 balance

At 4.34% APY, $10,000 earns about $434 in the first year, versus roughly $37 at the 0.37% FDIC national average (September 21, 2026). That is about $397 more for moving the same money. APY is variable and shown as of the date above.

What is Elevault High-Yield Savings?

Sources read on the date shown
Elevault pays 4.34% APY on balances up to $500,000, with interest paid daily, but linked accounts are limited to $2,500 a day in deposits and withdrawals. The honest verdict: a high stated rate with no minimums or monthly fee, offset by a daily funding limit and a rate that can change at any time. Elevault's home page shows 4.34% APY, which comes from a 4.25% interest rate, and dates it 05/05/26; its help center gives the same figures. We read the page on October 14, 2026. The rate is variable and subject to change at any time, and balances above $500,000 do not earn interest. There is no minimum deposit, no minimum balance for the rate, and no monthly fee. Elevault is a fintech; deposits are held at Southern Bancorp, Member FDIC (Cert #1528), insured to $250,000 or more per portfolio. The catches: a $2,500 daily limit on deposits and withdrawals for linked accounts, the $500,000 interest cap, and a rate that can change at any time.
Sourceelevault.app ↗

Key details

4.34% APY on balances up to $500,000Variable rate that Elevault can change at any timeInterest paid dailyMobile-first vaults appNo minimum deposit, no minimum balance and no monthly fee

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Elevault High-Yield Savings FAQ

What is the current APY on Elevault High-Yield Savings?

4.34% APY (a 4.25% interest rate) on balances up to $500,000, with interest paid daily, per Elevault's page, which dates the figure 05/05/26. The rate is variable and can change at any time.

Is Elevault FDIC insured?

Elevault is a fintech, not a bank. Deposits are held at Southern Bancorp, Member FDIC (Cert #1528), and Elevault says they are insured to $250,000 or more per portfolio.

What are the minimums and fees?

There is no minimum deposit, no minimum balance requirement, and no monthly fee. Note the $2,500 daily limit on deposits and withdrawals for linked accounts, which slows funding large balances.

Source: elevault.app

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