American Express vs Everbank
High-Yield Savings Accounts Comparison
Last Updated: September 5, 2025
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Summary of American Express vs. EverBank
As of September 5, 2025 American Express offers an APY of 3.50% for its High Yield Savings Account, with a minimum balance of $0, compared to EverBank's 4.30% APY for its Performance Savings account, with a minimum balance of $0.
EverBank yields $80 more than American Express on a $10,000 balance after one year. American Express pays $350, while EverBank pays $430 - an APY advantage for EverBank.
American Express
Strengths
- American Express offers a competitive APY of 3.50%.
- American Express has a high App Store rating of 4.9.
- No maintenance fees for the High Yield Savings Account.
Potential Drawbacks
- American Express has an F rating from the BBB.
- American Express has no physical branches.
EverBank
Strengths
- EverBank provides a higher APY of 4.30%.
- EverBank has 11 physical branches in Florida and California.
- EverBank has an A+ BBB rating.
Potential Drawbacks
- EverBank has a low App Store rating of 2.3.
- EverBank's Google Play rating is only 2.6.
Summary: American Express offers a lower APY of 3.50% compared to EverBank's 4.30%. While American Express has a high App Store rating, it lacks physical branches and has an F BBB rating. In contrast, EverBank has an A+ BBB rating and physical locations, but suffers from low ratings on both app stores. Customers may prioritize higher APY or branch access based on their needs.
Compare American Express' vs EverBank's Savings Accounts
| American Express | EverBank | ||
|---|---|---|---|
| Product | High Yield Savings Account | vs | Performance Savings |
| APY | 3.50% (as of 9/5/2025) | 4.30% (as of 9/5/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $0 | $0 | |
| Minimum Balance for APY | $0 | $0 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No | |
| App Store Rating | 4.9/5 | 2.3/5 | |
| Google Play Rating | 3.8/5 | 2.6/5 | |
| BBB Rating | F | A+ |
Comparative Historical APY Insights (Last 7 Months)
| American Express | EverBank | ||
|---|---|---|---|
| Product | High Yield Savings Account | vs | Performance Savings |
| Latest APY | 3.50 % | 4.30 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -4.2 | 0.0 | |
| Rate Changes / Mo | 0.40 | 0.00 | |
| Days Since Last Change | 44 | 226 | |
| High (-7 m) | 3.80 % | 4.30 % | |
| Low (-7 m) | 3.50 % | 4.30 % | |
| Draw-down from High | -7.9 % | 0.0 % | |
| Volatility (CV) | 0.026 | 0.000 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 7 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 (-7 m)
- Highest APY in the last 226 days.
- Low (-7 m)
- Lowest APY in the last 226 days.
- Draw-down from High
- How far today sits below the 7-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.
Calculate Savings Growth for American Express vs EverBank
All calculations are based on APY.
American Express
APY: 3.50%
Total savings breakdown:
- Interest earned: $2,114.1 (10.51%)
- Total contributions: $13,000 (64.63%)
- Initial deposit: $5,000 (24.86%)
Your total balance
$20,114.10
Effective APY: 3.50% (based on your deposit and contributions)
Total balance: $20,114.1
Earnings: $2,114.1
Bank OverviewEverBank
APY: 4.30%
Total savings breakdown:
- Interest earned: $2,629.4 (12.75%)
- Total contributions: $13,000 (63.02%)
- Initial deposit: $5,000 (24.24%)
Your total balance
$20,629.40
Effective APY: 4.30% (based on your deposit and contributions)
Total balance: $20,629.4
Earnings: $2,629.4
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, American Express's total earnings would be $515.3 lower than EverBank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
More Comparisons
Compare American Express' APY of 3.50% with other banks
Compare EverBank's APY of 4.30% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| EverBank vs Ally Bank | 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 | 3.50% | $0 |
| EverBank vs Chase Bank | 0.01% | $0 |
| EverBank vs Chime | 3.75% | $0 |
| EverBank vs CIT Bank | 4.00% | $100 |
| EverBank vs Discover Bank | 3.50% | $0 |
| EverBank vs Elevault | 4.60% | $0 |
| EverBank vs Fitness Bank | 4.75% | $100 |
| EverBank vs FVCbank | 4.35% | $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 | 4.35% | $100 |
| EverBank vs Pibank | 4.60% | $0 |
| EverBank vs Presidential Bank | 4.50% | $5,000 |
| EverBank vs Santander Bank | 0.03% | $25 |
| EverBank vs SoFi Bank | 3.80% | $0 |
| EverBank vs Synchrony Bank | 3.80% | $0 |
| EverBank vs TIMBR | 4.40% | $1,000 |
| EverBank vs UFB Direct | 4.21% | $5000 |
| EverBank vs Varo Bank | 5.00% | $0 |
| EverBank vs Wells Fargo | 2.51% | $25 |
| EverBank vs Zynlo Bank | 4.35% | $10 |