Savings
Watch your savings grow
Earn 4.10% APY with no minimums, then split your money into Vaults for everything you're saving toward.
High-Yield Savings
$48,210.55
+$162.44 interest last month
Current rate
4.10%APY, variable
Growth calculator
See where steady saving takes you
Pick a starting amount, a monthly habit and a time frame. We'll show how much is yours and how much is interest.
Any amount up to $1,000,000. No minimum to open.
Illustrative projection. Rates are variable and balances are play money. Assumes 4.10% APY compounded monthly, with each contribution added at the end of the month.
Balance after 5 years
- You put in
- $23,000
- Interest earned
- +$3,015
After 5 years: balance $26,015, of which you contributed $23,000 and earned $3,015 in interest.
| After | You put in | Interest earned | Balance |
|---|---|---|---|
| 6 months | $6,800 | $117 | $6,917 |
| 1 year | $8,600 | $272 | $8,872 |
| 18 months | $10,400 | $467 | $10,867 |
| 2 years | $12,200 | $703 | $12,903 |
| 30 months | $14,000 | $980 | $14,980 |
| 3 years | $15,800 | $1,299 | $17,099 |
| 42 months | $17,600 | $1,661 | $19,261 |
| 4 years | $19,400 | $2,067 | $21,467 |
| 54 months | $21,200 | $2,518 | $23,718 |
| 5 years | $23,000 | $3,015 | $26,015 |
Your Vaults
$48,210.55 across 4
- 69%
Lisbon, spring 2027
By Mar 15, 2027
Locked until Mar 2027$4,120of $6,000
- 86%
Emergency fund
By Jun 30, 2027
$400 every payday$21,400of $25,000
- 34%
New studio gear
By Jan 31, 2027
$1,180of $3,500
- 36%
Home down payment
By Sep 1, 2028
$21,511of $60,000
Vaults
Vaults for every goal
Give every plan its own place to grow. Vaults sit inside your savings account, earn the same 4.10% APY and keep each goal's progress in plain view.
- Name and color a Vault for each goal
- Set automatic transfers on payday or any schedule
- Lock a Vault until a date to keep your hands off it
Round-ups
Spare change, quietly saved
Turn on round-ups and every card purchase tops up a Vault with the change. It adds up faster than you'd think.
- Step 1
Harbor Coffee
Debit •• 4821
−$4.60
You buy a coffee
Pay with your Elvaris debit card like you always do.
- Step 2
$4.60$5.00
+$0.40
We round it up
The purchase rounds up to the next dollar, and the difference is set aside.
- Step 3
Lisbon, spring 2027
+$0.40
It lands in your Vault
Spare change moves to the Vault you choose and starts earning 4.10% APY.
Saved from round-ups this month
$23.85
from 41 purchases · example figures
The rate
Your money should work harder
Many savings accounts still pay next to nothing. Elvaris pays 4.10% APY on every dollar, with no tiers and no hoops.
Elvaris Savings
4.10% APY
Typical big-bank savings
0.01% APY
On $10,000 for a year: $410 vs $1.
410×the interest
Illustrative comparison. The typical rate is an example figure, not a quote from any real bank. The Elvaris rate is variable, and Elvaris holds no deposits.
No. The rate is variable, so it can move up or down as market rates change. We'll always tell you in the app before it changes, and the current rate is shown on your savings account.
There's no minimum to open an account and no minimum to earn the full rate. Your first dollar earns the same 4.10% APY as your ten-thousandth.
Up to 25. Name each one, give it a color and a target, and set automatic transfers on a schedule that suits you. Every Vault earns the same rate.
Yes. Move money from savings or any Vault to checking instantly, any time of day. The only exception is a Vault you've locked yourself, which opens on the date you chose.
Interest is calculated every day on your full balance and paid into your savings account at the end of each month, where it starts earning interest too.
Illustrative: Elvaris holds no deposits. Balances here are play money with no real insurance behind them, so every rate and figure on this site is for illustration only.
Start saving at 4.10% APY
Open an account in minutes. No minimums, no monthly fees and Vaults for every goal from day one.