Elevate Bank
Elevate Bank
TODAY'S FEATURED RATES
Member FDIC
APY
APY = Annual Percentage Yield Rates as of 4/29/2025
4.54%
Our Rating
4.2
/ 5
Peak Bank
Envision High Yield Savings
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY
APY = Annual Percentage Yield Rates as of 4/29/2025
4.20%
Our Rating
3.6
/ 5
Jenius Bank
Jenius Savings Account
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY
APY = Annual Percentage Yield Rates as of 4/29/2025
4.45%
Our Rating
4.1
/ 5
BrioDirect
High-Yield Savings
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Member FDIC
APY
APY = Annual Percentage Yield Rates as of 4/29/2025
4.36%
Our Rating
4.0
/ 5
Vio Bank
Cornerstone Money Market
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY
APY = Annual Percentage Yield Rates as of 4/29/2025
4.10%
Our Rating
4.2
/ 5
CIT Bank
Platinum Savings
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY
APY = Annual Percentage Yield Rates as of 4/29/2025
3.80%
Our Rating
4.3
/ 5
SoFi® Bank, N.A.
SoFi Checking and Savings
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY
APY = Annual Percentage Yield Rates as of 4/29/2025
3.70%
Our Rating
4.3
/ 5
American Express®
High Yield Savings Account
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3
/ 5
SoFi® Bank, N.A.
SoFi Checking and Savings
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
Elevate Bank is headquartered in SEDAN and is the 172nd largest bank in the state of Kansas. It is also the 4,230th largest bank in the nation. It was established in 1874 and as of December of 2024, it had grown to 20 employees at 2 locations. Elevate Bank has an A health rating.
Health
A
Data as of Q4 2024
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Elevate Bank has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 4770 |
| Year Established | 1874 |
| Employees | 20 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.82% |
| Return on Equity - YTD | 6.18% |
| Annual Interest Income | $3.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $55MM$52.9MM |
| Loans | Q4 2024vs Q4 2023 | $30MM$24.7MM |
| Deposits | Q4 2024vs Q4 2023 | $47.5MM$45.6MM |
| Equity Capital | Q4 2024vs Q4 2023 | $7.2MM$7MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $417K$401K |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $191K$17K |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |