4.34%
Elevault APY today
— vs last check
Checked October 21, 2026
Key stats
| APY | 4.34% (variable) |
| Minimum to open | $1 — start with $1 |
| Minimum to earn APY | No minimum |
| Monthly fee | $0 — no fees ever |
| FDIC insured | Yes, via Southern Bancorp, Member FDIC |
| Compounding | Daily — interest paid daily |
What your money earns
$10,000 for one year at 4.34% APY would earn about $434.00. This is an estimate — rates are variable and can change at any time.
Pros
- No fees or minimum deposits, ever
- Interest paid daily
- FDIC insured through Southern Bancorp, Member FDIC, to at least $250,000
Cons
- Daily deposit limit of $2,500
- Variable rate — can change at any time
- Interest paid on portfolios up to $500,000
How to open an account
- Download the Elevault app and create your account.
- Link your bank and move money into a Vault (up to $2,500 per day).
- Start earning — interest is paid daily, with no fees and no minimums.
Frequently asked questions
Is Elevault FDIC insured?
Yes. Elevault is a product of Southern Bancorp, Member FDIC, and deposits are FDIC insured to at least $250,000.
Is the APY fixed or variable?
Variable. Elevault’s interest rate is variable and can change, so confirm the current rate on elevault.app before opening an account.