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What is Elevault?

Updated over 3 weeks ago

Elevault is a next-generation financial app designed to help you save smarter, earn more, and manage your money with ease. While it offers the core functions you'd expect from a traditional bank, it goes a step further with a fresh, modern approach to personal finance.


πŸš€ Key Features of Elevault

Daily Interest Earnings

Unlike traditional banks that pay interest monthly or quarterly, Elevault helps your savings grow faster by paying interest daily β€” and showing it right in your app. This means your money works harder for you, every single day.

High-Yield APY

Elevault offers a higher Annual Percentage Yield (APY) than most brick-and-mortar banks. Thanks to its digital model and lower overhead, Elevault passes more of the earnings back to you.

Smart Savings Tools

Organize your money with Vaults β€” custom savings buckets for your goals. Whether it's a vacation, emergency fund, or new gadget, you can track and separate your funds easily.

FDIC Insured + Backed by Southern Bancorp

Your Elevault Portfolio and banking services is a product of Southern Bancorp, a member of the FDIC (Cert #1528). Your deposits held at Southern Bancorp are FDIC-insured to at least $250,000 per Portfolio. Your money is safe and protected.

No Hidden Fees

Elevault is transparent β€” there are no monthly maintenance fees, no minimum balance requirements, and no surprise charges.

Mobile-First Experience

Everything you need is in one sleek, easy-to-use app. Watch your daily interest grow in real-time.


πŸ” How Elevault Is Different from a Traditional Bank

Feature

Traditional Banks

Elevault

Interest Payout

Monthly or Quarterly

Daily

APY

Typically 0.01%–0.10%

Current 4.34%

Savings Tools

Basic

Customization Features

Fees

Often include maintenance fees

No hidden fees

Experience

Branch-based or outdated apps

Modern, app-first

Speed

Outdated systems

Fast, digital-first experience

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