EverBank: Savings Account & Rates
Mission: Banksparency aims to make EverBank's savings account transparent and comparable to the market.
Analysis of EverBank
Our verdict
EverBank offers Performance Savings, a high-yield savings account paying 3.90% APY with no minimum deposit.
At 3.90% APY, EverBank pays 10x the national average (0.39%). Ranks in the top tier of 99+ accounts tracked.
Ideal User Profile
- Best for: simple saving without extra requirements, banking without needing a branch, and quick transfers with Zelle.
Key Differentiators
- Stands out with top-rated iOS app (4.7), highly-rated Android app (4.7), A+ BBB rating, in-person banking available, Zelle for instant transfers.
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 4.15% 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)
Top Market Contenders
Savings Account: In-Depth View
Savings Account Offered by EverBank
| Feature | Performance Savings |
|---|---|
APY | 3.90%Verified: 2/21/2026 |
APY Trend | Rate Adjusted -0.15% Since 90 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) | -4.2 |
Rate Changes / Mo | 0.16 |
Days Since Last Change | 64 |
High (-12m) | 4.30% |
Low (-12m) | 3.90% |
Draw-down | -9.3% |
Volatility (CV) | 0.040 |
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: 2/21/2026 | - |
APY Trend | Rate Adjusted -0.15% Since 90 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
Alternatives to EverBank
Banks with Higher/Similar Savings APY
For a top list of the highest savings rates, see all HYSA top rates
Live Oak Bank
Personal Savings: 3.80% APY
Minimum Deposit: $0
Online Only
Vio Bank
Online Savings Account: 4.03% APY
Minimum Deposit: $100
Online Only
Newtek Bank
Personal High Yield Savings: 4.20% APY
Minimum Deposit: $0.01
Online Only
Wealthfront
Cash Account: 3.95% APY
Minimum Deposit: $0
Online Only
Peak Bank
Envision High Yield Savings: 4.02% APY
Minimum Deposit: $100
Online Only
Neighbors Bank
Neighbors Savings Account: 4.20% APY
Minimum Deposit: $0
Eligible States: Limited (see details)
Primis Bank
Primis Savings Account: 3.85% APY
Minimum Deposit: $1
Online Only
Barclays
Tiered Savings: 3.85% APY
Minimum Deposit: $0
Online Only
Online Savings: 3.50% APY
Minimum Deposit: $0
Online Only
Climate First Bank
Super Duper Savings Account: 4.21% APY
Minimum Deposit: $50
Pibank
Pibank Savings: 4.60% APY
Minimum Deposit: $0
Online Only
Fitness Bank
Fitness Savings Account: 4.20% APY
Minimum Deposit: $100
Online Only
Fitness Elite Checking & Fitness Savings Combo: 4.50% APY
Bundled Savings & Checking Account
Minimum Deposit: $100
Online Only
FVCbank
Advantage Direct Savings: 4.00% APY
Minimum Deposit: $500
Online Only