EverBank

Last Updated: 7/3/2025

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

Quick Views

Performance Savings: 4.30% APY(Rank 17 out of 76 tracked HYSAs)

Minimum Deposit: $0 | Online Only

National Savings Interest Rate: 0.38% (as of 6/16/2025)

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 of 4.30% with no changes in the last 30 days.
No minimum deposit or balance required for Performance Savings.
No maintenance fees associated with the account.
A+ BBB rating indicates a strong trustworthiness.

Considerations

Not BBB Accredited despite A+ rating.
Low App Store rating of 2.3 may indicate user dissatisfaction.
Google Play rating of 2.8 suggests potential issues with the mobile app.
Only 11 branches located in Florida and California.

Summary: EverBank offers a high-yield Performance Savings account with a competitive APY of 4.30%, no minimums, and no maintenance fees. However, it lacks BBB accreditation and has low ratings on both the App Store and Google Play, which may concern potential customers. Additionally, with only 11 branches in California and Florida, accessibility may be limited for some users. Overall, it provides solid savings options but has notable drawbacks.

Savings Account

Savings Account Offered by EverBank

Feature	Performance Savings
APY	4.30% (as of 7/3/2025)
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.

Savings Product:

Performance Savings (APY: 4.30%)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

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)	-1.1
Rate Changes / Mo	0.30
Days Since Last Change	167
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 198 days.
Low (-6 m): Lowest APY in the last 198 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 7/3/2025)	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