Quick answers for busy people
Elevault is a mobile savings experience from Southern Bancorp, Member FDIC, CDFI.
Current variable APY 4.34%. Interest is calculated and paid daily.
FDIC insured to at least $250,000 per depositor, per ownership category at Southern Bancorp.
No monthly fees. No minimum deposit required.
Organize money into Vaults, set Auto-Saves, and share Vaults with friends and family when needed.
Move money into Elevault from your external bank using a VaultKey (ACH transfer) if you need to move over $2,500 in a day.
What is a high-yield savings account?
A high-yield savings account pays a variable Annual Percentage Yield (APY) that is typically higher than a branch savings account. APY reflects compounding interest across a full year and can change.
Example:
Elevault is a mobile savings experience from Southern Bancorp, Member FDIC, CDFI.
Why Elevault
Built for real-life saving
1
Goal-based Vaults
Create one for a home, travel, taxes, or anything else. Keep each goal separate and clear.
2
Emergency Vault
A dedicated place for three to six months of expenses.
3
Auto-Saves
Put saving on autopilot with weekly or monthly transfers.
4
VaultKeys
Routing and account numbers for each Vault so you can get paid or pay bills directly by ACH.
5
Shared Vaults
Save with a partner or family member with clear visibility and control.
6
Daily interest
See progress every day you open the app.
7
Real human support
Phone, email, or in-app chat. Our team is here for you and ready to help.
FDIC insurance
At least $250,000 per depositor, per portfolio at Southern Bancorp.
Mission-led
Southern Bancorp is a Community Development Financial Institution focused on expanding access to fair, transparent financial services.
Moving your money
Link an external bank to transfer by ACH routing and account number with VaultKeys.
1
From inside Elevault you can initiate transfers in and out up to $2500 daily.
2
If you need to move a larger amount than $2500 in one day, start the transfer from your external bank using your ACH routing and account number via your VaultKey details.
3
Transfers can contribute to any specific Vault.
How Elevault compares
Frequently asked questions
Is Elevault a bank?
Is my money insured?
Does the APY change?
How often is interest paid?
Are there monthly fees or minimums?
Can I share a Vault?
How do I move large amounts?
Talk to a real
person
support@elevault.app
(844) 439-9258
Weekdays 8:30 a.m. to 4:30 p.m. CST
Web chat available 24/7