EverBank: Savings Accounts & Rates

Savings rates updated: 10/1/2025

Mission statement: Banksparency aims to make EverBank's savings accounts transparent and comparable to those of other banks. Learn more about Banksparency.

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

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Savings Overview

Performance Savings: 4.05% APY(Rank 38 out of 83 tracked HYSAs)

Minimum Deposit: $0 | Online Only

National Savings Interest Rate: 0.4% (as of 9/15/2025)

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

Deposit Insurance: FDIC Cert # 34775

BBB Rating: A+ (Not BBB Accredited)

App Store Rating: 2.2/5

Google Play Rating: 2.4/5

Website: Visit EverBank

Our Take on EverBank

Highlights

Current APY of 4.05%, down from 4.30% last month.
No minimum deposit or balance requirements.
No maintenance fees associated with the account.
A+ BBB rating indicates good trustworthiness.

Considerations

Only available online, limiting access for some users.
App Store rating of 2.2 suggests user dissatisfaction.
Google Play rating of 2.4 indicates potential issues.
Not BBB Accredited may raise concerns for some.

Summary: EverBank offers a competitive APY of 4.05% on its Performance Savings account, which has no minimum deposit or maintenance fees. However, the account is only available online, which may not suit everyone. The bank has a solid A+ BBB rating, but it is not BBB Accredited. User ratings on both the App Store and Google Play are low, indicating potential service issues. Overall, it may appeal to those comfortable with online banking.

Savings Account: In-Depth View

Savings Account Offered by EverBank

Feature	Performance Savings
APY	4.05% (as of 10/1/2025)
APY Trend	-0.25% MoM
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
Sponsored Link
No deposit agreement summary available for this bank.

Calculate Savings for EverBank

All calculations are based on APY.

Savings Product:

Performance Savings (APY: 4.05%)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $1,588.7 (10.19%)
Total contributions: $13,000 (83.39%)
Initial deposit: $1,000 (6.41%)

Your total balance

$15,588.70

Effective APY: 4.05% (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	4.05 %
Trend	Sideways
Slope (bps/mo)	-1.3
Rate Changes / Mo	0.31
Days Since Last Change	13
High (-9 m)	4.75 %
Low (-9 m)	4.05 %
Draw-down from High	-14.7 %
Volatility (CV)	0.016

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 9 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 (-9 m): Highest APY in the last 289 days.
Low (-9 m): Lowest APY in the last 289 days.
Draw-down from High: How far today sits below the 9-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

Affirm - 3.60% APY
All America Bank - 1.50-3.25% APY
Ally Bank - 3.40% APY
Amalgamated Bank - 2.25% APY
American Express - 3.50% APY
Ameriprise Bank - 3.15-3.15% APY
Axos Bank - 4.46% APY
Bank5 Connect - 4.05% APY
Bank of America - 0.01% APY
Barclays - 3.90-4.10% APY
Bask Bank - 4.05% APY
Betterment - 3.75% APY
BMO Alto - 3.25% APY
Bread Savings - 4.25% APY
BrioDirect - 4.30% APY
Capital One - 3.40% APY
Carver Bank - 4.00% APY
Charles Schwab Bank - 0.15% APY
Chase Bank - 0.01% APY
Chime - 1.25-3.75% APY
CIBC Bank USA - 4.02% APY
CIT Bank - 0.25-3.85% APY
Citibank - 3.40% APY
Citizens Access™ - 3.50% APY
Colorado Federal Savings Bank - 4.15% APY
ConnectOne Bank - 3.85% APY
Customers Bank - 3.98% APY
Discover Bank - 3.40% APY
Elevault - 4.34% APY
E*TRADE from Morgan Stanley - 3.75% APY
Evergreen Bank Group - 4.25% APY
First Foundation Bank - 4.10% APY
Fitness Bank - 4.75% APY
Flagstar Bank - 4.00% APY
FNBO Direct - 3.25% APY
Forbright Bank - 4.25% APY
FVCbank - 4.10% APY
GO2bank - 4.50% APY
High Plains Bank - 0.23-3.82% APY
Jenius Bank - 4.20% APY
LendingClub - 3.20-4.20% APY
Live Oak Bank - 4.00% APY
Marcus by Goldman Sachs - 3.65% APY
MutualOne Bank - 4.07% APY
My Banking Direct - 4.30% APY
MySavingsDirect - 3.75% APY
Neighbors Bank - 4.60% APY
Newtek Bank - 4.35% APY
OMB Bank - 1.00% APY
Openbank - 4.20% APY
Peak Bank - 4.20% APY
Pibank - 4.60% APY
PNC - 3.85% APY
Poppy Bank - 4.25% APY
Popular Direct - 4.10% APY
Presidential Bank - 4.00-4.50% APY
Prime Alliance Bank - 3.90% APY
Primis Bank - 3.85% APY
Quontic Bank - 3.75% APY
RBMAX - 3.90% APY
Rising Bank - 4.20% APY
ROGER - 3.87% APY
Salem Five Direct - 4.01% APY
Sallie Mae Bank - 3.90% APY
Santander Bank - 0.01% APY
SmartyPig - 3.90% APY
SoFi Bank - 4.50% APY
Synchrony Bank - 3.80% APY
TAB Bank - 3.80% APY
TD Bank - 0.05-3.00% APY
The State Exchange Bank - 4.11% APY
TIMBR - 4.40% APY
UFB Direct - 3.90-4.10% APY
Upgrade - 3.42% APY
Valley Direct - 4.10% APY
Varo Bank - 2.50-5.00% APY
Wells Fargo - 0.05-2.51% APY
Western Alliance Bank - 4.10% APY
Zynlo Bank - 4.35% APY

Feature	EverBank	Select a bank...
Product	Performance Savings	N/A
APY	4.05% (as of 10/1/2025)	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

Bank-to-Bank Comparisons

Compare EverBank's APY of 4.05% with other banks

Bank Pair	Competitor APY	Min Deposit
EverBank vs Ally Bank	3.40%	$0
EverBank vs American Express	3.50%	$0
EverBank vs Axos Bank	4.46%	$0
EverBank vs Bank of America	0.01%	$100
EverBank vs Barclays	4.10%	$0
EverBank vs BrioDirect	4.30%	$5,000
EverBank vs Capital One	3.40%	$0
EverBank vs Chase Bank	0.01%	$0
EverBank vs Chime	3.75%	$0
EverBank vs CIT Bank	3.85%	$100
EverBank vs Discover Bank	3.40%	$0
EverBank vs Elevault	4.34%	$0
EverBank vs Fitness Bank	4.75%	$100
EverBank vs FVCbank	4.10%	$500
EverBank vs GO2bank	4.50%	$0
EverBank vs Marcus by Goldman Sachs	3.65%	$0
EverBank vs Neighbors Bank	4.60%	$0
EverBank vs Newtek Bank	4.35%	$0
EverBank vs Peak Bank	4.20%	$100
EverBank vs Pibank	4.60%	$0
EverBank vs Presidential Bank	4.50%	$5,000
EverBank vs Santander Bank	0.01%	$25
EverBank vs SoFi Bank	4.50%	$0
EverBank vs Synchrony Bank	3.80%	$0
EverBank vs TIMBR	4.40%	$1,000
EverBank vs UFB Direct	4.10%	$5000
EverBank vs Varo Bank	5.00%	$0
EverBank vs Wells Fargo	2.51%	$25
EverBank vs Zynlo Bank	4.35%	$10