EverBank: Savings Account & Rates
Mission: Banksparency aims to make EverBank's savings account transparent and comparable to the market.
Savings Overview
Performance Savings
| Min. Deposit | $0 |
| Min. Balance | $0 |
| Maintenance Fee | $0 |
Market Reality Check
This bank offers rates below the current top tier. The best rates we track are currently above 4.21% APY.
Bank Overview
- HQ LocationJacksonville, Florida
- Founded1977
- AffiliationFormerly known as TIAA Bank (sale completed 1 Aug, 2023)
- Ratings & Trust
- Zelle® SupportAvailableNative integration verified.
- Deposit InsuranceFDIC Insured(Cert: 34775)
Our Take on EverBank
The Good
- Decent APY of 3.90%
- No minimum deposit or balance requirements
- No monthly maintenance fees
- Highly rated mobile apps (iOS: 4.6, Android: 4.8)
- Access to physical branches
Considerations
- No physical branch access (online only)
EverBank offers a Performance Savings account with an attractive APY of 3.90%. This account has no minimum deposit or balance requirements, and there are no monthly maintenance fees. Additionally, it features highly rated mobile apps, with scores of 4.6 for iOS and 4.8 for Android. Importantly, there are no direct deposit requirements, promotional conditions, or tiered interest rates to consider. However, please note that this account is available online only, with no access to physical branches.
Top Market Contenders
Savings Account: In-Depth View
Savings Account Offered by EverBank
| Feature | Performance Savings |
|---|---|
APY | 3.90%Verified: 1/7/2026 |
APY Trend | Rate Adjusted -0.15% Since 30 days ago |
Min. Deposit | $0 |
Min. Balance | $0 |
Monthly Fee | $0 |
Direct Deposit | None |
Checking Bundle | No |
Branch Access | None |
Compounding | Daily |
FDIC Insured | Yes |
Eligibility | United States |
| Next Steps | - |
Calculate Savings for EverBank
Savings Breakdown
- Interest Earned+$1,526.90(9.8%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$15,526.90
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
EverBank Savings Rates Over Time
Historical APY Insights
Last 12 Months| Metric | Performance Savings |
|---|---|
Latest APY | 3.90% |
Trend | Sideways |
Slope (bps/mo) | -3.3 |
Rate Changes / Mo | 0.25 |
Days Since Last Change | 19 |
High (-12m) | 4.40% |
Low (-12m) | 3.90% |
Draw-down | -11.4% |
Volatility (CV) | 0.034 |
How to read these metrics▼
Trends & Velocity
- Trend
- The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
- Slope (bps/mo)
- Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
- Rate Changes / Mo
- "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.
Risk & Range
- High/Low
- The absolute ceiling and floor of the rate during the 365-day window.
- Volatility Score
- Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
- Days Since Change
- If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.
Why track this? Understanding volatility helps you avoid "bait-and-switch" rates. A steady, rising slope is ideal; high volatility often signals a temporary teaser rate.
Compare with EverBank
| Feature | Current View EverBank | Empty Slot |
|---|---|---|
| Product | Performance Savings | - |
APY | 3.90%Verified: 1/7/2026 | - |
APY Trend | Rate Adjusted -0.15% Since 30 days ago | - |
| Min. Deposit | $0 | - |
| Monthly Fee | $0 | - |
Direct Deposit | No | - |
Checking Bundle | No | - |
| Branch Access | None | - |
| Eligibility | United States | - |
Compounding | Daily | - |
FDIC Insured | Yes | - |
| Next Steps | - | - |
Bank-to-Bank Comparisons
Compare EverBank's APY of 3.90% with other banks
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