EverBank
Last Updated: 6/20/2025
Note: Interest rates below are reported as APY, or Annual Percentage YieldQuick Views
Performance Savings: 4.30% APY(Rank 18 out of 74 tracked HYSAs)
Minimum Deposit: $0 | Online Only
National Savings Interest Rate: 0.42% (as of 5/19/2025)
Note: The FDIC tracks savings and CD rates nationally, but it does not report APY, only the average interest rate.
(Source: FDIC)Bank Overview
Location: Jacksonville, Florida
Founded: 1977
Affiliation: Formerly known as TIAA Bank (sale completed 1 Aug, 2023)
Access to Branches: 11 locations in Florida and California
BBB Rating: A+ (Not BBB Accredited)
App Store Rating: 2.3/5
Google Play Rating: 2.8/5
Website: Visit EverBank
Our Take on EverBank
Highlights
- Current APY is 4.30%, unchanged from 30 days ago.
- No minimum deposit or balance requirements.
- No maintenance fees for the Performance Savings account.
- BBB rating is A+, indicating strong trustworthiness.
Considerations
- App Store rating is low at 2.3.
- Google Play rating is also low at 2.8.
- Not BBB Accredited despite A+ rating.
- Only 11 branches in Florida and California.
Summary: EverBank offers a competitive APY of 4.30% for its Performance Savings account, with no minimum deposit or maintenance fees. However, potential customers should be cautious of the low app ratings (2.3 on App Store and 2.8 on Google Play) and the lack of BBB Accreditation despite its A+ rating. With only 11 branches located in Florida and California, accessibility may be limited for some users.
Savings Account
Savings Account Offered by EverBank
| Feature | Performance Savings |
|---|---|
| APY | 4.30% (as of 6/20/2025) |
| APY Trend | Stable for the last month |
| Minimum Deposit | $0 |
| Minimum Balance for APY | $0 |
| FDIC-insured | Yes |
| Online Only | Yes |
| Bundled Account | No |
| Direct Deposit Required | No |
| Compound Frequency | Daily |
| Maintenance Fee | $0 |
| Eligibility | United States |
No deposit agreement summary available for this bank. | |
Calculate Savings for EverBank
All calculations are based on APY.
Performance Savings (APY: 4.30%)
Deposit Frequency:
Total savings breakdown:
- Interest earned: $4 (3.85%)
- Total contributions: $0 (0.00%)
- Initial deposit: $100 (96.15%)
Your total balance
$104.00
Effective APY: 4.30% (based on your deposit and contributions)
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
EverBank Savings Rates Over Time
Historical APY Insights
| Metric | Performance Savings |
|---|---|
| Latest APY | 4.30 % |
| Trend | Sideways |
| Slope (bps/mo) | -1.3 |
| Rate Changes / Mo | 0.32 |
| Days Since Last Change | 155 |
| High (-6 m) | 4.75 % |
| Low (-6 m) | 4.30 % |
| Draw-down from High | -9.5 % |
| Volatility (CV) | 0.011 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 6 months (regression slope).
- Slope (bps/mo)
- Average monthly change; 10 bps = 0.10 pp.
- Rate Changes / Mo
- Typical number of APY moves per month.
- Days Since Last Change
- Recency of the latest APY adjustment.
- High (-6 m)
- Highest APY in the last 186 days.
- Low (-6 m)
- Lowest APY in the last 186 days.
- Draw-down from High
- How far today sits below the 6-month peak.
- Volatility (CV)
- Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
- See how quickly a bank reacts to Fed moves or competition.
- Gauge “twitchiness” - frequent moves can annoy savers.
- Spot if you're buying near a peak (draw-down) or riding a rise.
- Slope (bps/mo) shows speed of change.
- Volatility (CV) scales jumps by average level.
Compare EverBank's Savings Account
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| Feature | EverBank | Select a bank... |
|---|---|---|
| Product | Performance Savings | N/A |
| APY | 4.30% (as of 6/20/2025) | N/A |
| Bundled Account | No | N/A |
| FDIC-insured | Yes | N/A |
| Online Only | Yes | N/A |
| Compound Frequency | Daily | N/A |
| Minimum Deposit | $0 | N/A |
| Minimum Balance for APY | $0 | N/A |
| Maintenance Fee | $0 | N/A |
| Direct Deposit Required | No | N/A |