EverBank

Last Updated: 6/20/2025

Note: Interest rates below are reported as APY, or Annual Percentage Yield

Quick 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

FeaturePerformance Savings
APY
4.30% (as of 6/20/2025)
APY TrendStable for the last month
Minimum Deposit$0
Minimum Balance for APY$0
FDIC-insured
Yes
Online OnlyYes
Bundled Account
No
Direct Deposit Required
No
Compound Frequency
Daily
Maintenance Fee$0
EligibilityUnited 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

MetricPerformance Savings
Latest APY4.30 %
TrendSideways
Slope (bps/mo)-1.3
Rate Changes / Mo0.32
Days Since Last Change155
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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  • Bask Bank - 4.20% APY
  • Betterment - 4.00% APY
  • BMO Alto - 3.60% APY
  • Bread Savings - 4.30% APY
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  • Capital One - 3.60% APY
  • Carver Bank - 4.00% APY
  • Charles Schwab Bank - 0.15% APY
  • Chase Bank - 0.01% APY
  • Chime - 1.25-3.75% APY
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  • CIT Bank - 0.25-4.00% APY
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  • Neighbors Bank - 4.60% APY
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  • Quontic Bank - 3.85% APY
  • RBMAX - 4.15% APY
  • Rising Bank - 4.30% APY
  • ROGER - 4.65% APY
  • Salem Five Direct - 4.01% APY
  • Sallie Mae Bank - 3.90% APY
  • Santander Bank - 0.03% APY
  • SoFi Bank - 3.80% APY
  • Synchrony Bank - 3.80% APY
  • TAB Bank - 4.26% APY
  • TD Bank - 0.05-3.00% APY
  • The State Exchange Bank - 1.90% APY
  • TIMBR - 4.40% APY
  • UFB Direct - 4.01-4.21% APY
  • Upgrade - 4.02% APY
  • Valley Direct - 4.20% APY
  • Varo Bank - 2.50-5.00% APY
  • Western Alliance Bank - 4.30% APY
  • Zynlo Bank - 4.35% APY
FeatureEverBankSelect a bank...
ProductPerformance SavingsN/A
APY
4.30% (as of 6/20/2025)N/A
Bundled Account
NoN/A
FDIC-insured
YesN/A
Online OnlyYesN/A
Compound Frequency
DailyN/A
Minimum Deposit$0N/A
Minimum Balance for APY$0N/A
Maintenance Fee$0N/A
Direct Deposit Required
NoN/A