Betterment vs. EverBank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | BettermentCash Reserve Jan 21, 2026 | EverBankPerformance Savings Jan 21, 2026 |
|---|---|---|
| APY | 3.25% | 3.90% |
Est. Earnings | $5,000+$163 $10,000+$325 $25,000+$813 | $5,000+$195 $10,000+$390 $25,000+$975 |
Min Deposit | $10 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredLow MinimumsGreat iOS AppGreat Android App | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® Supported |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.20% APY.
Comparison Analysis
Comparing Betterment vs. EverBank
As of Betterment offers an APY of 3.25% for its Cash Reserve account, with a minimum balance of $0, compared to EverBank's 3.90% APY for its Performance Savings account, with a minimum balance of $0.
EverBank pays $65 more than Betterment on a $10,000 balance after one year. Betterment pays $325, while EverBank pays $390 - an APY advantage for EverBank.
Why Betterment?
No distinct advantages found vs EverBank.
Why EverBank?
- ✓Higher potential APY (3.90% vs 3.25%) on all balances
- ✓Physical branch access (11 locations in Florida and California)
- ✓Fast transfers via Zelle®
— Key Feature Differences —
Better Returns at $10,000
EverBankEverBank's Performance Savings earns more on smaller deposits (approx. $390 vs $325/yr).
Better Returns at $25,000
EverBankEverBank's Performance Savings pulls ahead with larger amounts (approx. $975 vs $813/yr).
Best for Simplicity
EverBankEverBank's Performance Savings offers 3.90% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, EverBank's Performance Savings pays $65 more interest on a $10,000 balance than Betterment's Cash Reserve.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Betterment offers a Cash Reserve savings account with a competitive APY of 3.25%, requiring a minimum deposit of $10 and no maintenance fees, but it is only available online. In contrast, EverBank's Performance Savings account provides a higher APY of 3.90%, with no minimum deposit or balance requirements, also maintaining a fee-free structure and online-only access. EverBank's account is noted for its simplicity, making it an attractive option for savers looking for better returns. Therefore, based on the provided data, EverBank is the winner.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Betterment vs. EverBank Savings Calculator
You earn $65 more with EverBank than Betterment on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Betterment
Cash Reserve
Savings Breakdown
- Interest Earned+$325.00(3.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,325.00
EverBank
Performance Savings
Savings Breakdown
- Interest Earned+$390.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,390.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Betterment | EverBank |
|---|---|---|
| APY | 3.25% Verified: 1/21/2026 ↘︎ 0.50%90d Change | 3.90% Verified: 1/21/2026 ↘︎ 0.15%90d Change |
| Product Name | Cash Reserve | Performance Savings |
| Minimum Deposit | $10 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.8 Android4.7 | iOS4.7 Android4.8 |
| Zelle® Support | Not Supported | Available Native integration verified. |
| BBB Rating | A- | A+ |
| Next Steps | Visit SiteVerify at Betterment Non-sponsored link to official site | Visit SiteVerify at EverBank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Betterment | EverBank |
|---|---|---|
| Cash Reserve | Performance Savings | |
Current APY | 3.25% | 3.90% |
Trend | Stable | Stable |
Velocity (bps/mo) | -6.6 | -3.6 |
Days Since Change | 39 | 33 |
12-Month High | 4.00% | 4.30% |
12-Month Low | 3.25% | 3.90% |
Adjustments / Mo | 0.25 | 0.16 |
Volatility Score | 0.075 | 0.036 |
How to read these metrics(Click to expand)
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