Betterment vs. EverBank
Comparing Betterment and EverBank for high-yield savings: Betterment's Cash Reserve pays 4.00% APY while EverBank's Performance Savings pays 3.90% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Betterment pays $10 more than EverBank annually ($400 vs $390).
Choose EverBank if you want Zelle for quick transfers.
| Metric | BettermentCash Reserve Aug 7, 2026 | EverBankPerformance Savings Aug 7, 2026 |
|---|---|---|
| APY | 3.25% - 4.00% | 3.90% |
Est. Earnings | $5,000+$200 $10,000+$400 $25,000+$1,000 | $5,000+$195 $10,000+$390 $25,000+$975 |
Min Deposit | $10 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | Promo rate for new customers. 3.25% APY applies to existing customers. | - |
| Features | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often |
Prefer In-Person Banking?
Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
Comparison Analysis
Comparing Betterment vs. EverBank
Executive Summary
Betterment offers a Cash Reserve savings account with a competitive 4.00% APY, but this rate is only available to new customers, while existing customers earn a lower 3.25% APY. In contrast, EverBank's Performance Savings account provides a solid 3.90% APY without any requirements for direct deposit or bundling, making it a straightforward option. Both accounts are online-only and have no maintenance fees, with no minimum deposit or balance requirements. However, the higher APY of 4.00% makes Betterment the winner in this comparison.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Betterment?
No distinct advantages found vs EverBank.
Why EverBank?
- ✓No checking account or direct deposit required
- ✓Physical branch access (11 locations in Florida and California)
- ✓Fast transfers via Zelle®
- ✓Available to New & Existing Customers
— Key Feature Differences —
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, Betterment's Cash Reserve pays $10 more interest on a $10,000 balance than EverBank's Performance Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Betterment vs. EverBank Savings Calculator
You earn $10 more with Betterment than EverBank 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+$400.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,400.00
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.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $389 per year in interest.
Both Betterment and EverBank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Betterment | EverBank |
|---|---|---|
| APY | 4.00% Range: 3.25% - 4.00% Verified: 8/7/2026 - | 3.90% Verified: 8/7/2026 Stable (90d) |
| Product Name | Cash Reserve | Performance Savings |
| Minimum Deposit | $10 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | N/A | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | None | 11 locations in Florida and California |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | Yes | YesVerify FDIC |
| Zelle® Support | Not Supported | Available Native integration verified. |
| BBB Rating | A- | A+ |
| Important Notes | Promo rate for new customers. 3.25% APY applies to existing customers. | - |
| 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 | 4.00% | 3.90% |
Trend | Stable | Stable |
Velocity (bps/mo) | 0.1 | -2.8 |
Days Since Change | 5 | 231 |
12-Month High | 4.00% | 4.30% |
12-Month Low | 3.25% | 3.90% |
Adjustments / Mo | 0.41 | 0.16 |
Volatility Score | 0.081 | 0.030 |
How to read these metrics(Click to expand)
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More Comparisons
Compare Betterment's APY of 4.00% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Betterment vs Ally Bank | 3.00% | $0 |
| Betterment vs American Express | 3.00% | $0 |
| Betterment vs Axos Bank | 4.21% | $0 |
| Betterment vs Barclays | 3.65% | $0 |
| Betterment vs Capital One | 3.00% | $0 |
| Betterment vs Chime | 3.75% | $0 |
| Betterment vs CIT Bank | 3.75% | $100 |
| Betterment vs Discover Bank | 3.30% | $0 |
| Betterment vs Marcus by Goldman Sachs | 3.40% | $0 |
| Betterment vs Newtek Bank | 4.20% | $0.01 |
| Betterment vs Openbank | 3.80% | $500 |
| Betterment vs Pibank | 4.10% | $0 |
| Betterment vs SoFi Bank | 3.80% | $0 |
| Betterment vs Synchrony Bank | 3.30% | $0 |
| Betterment vs Varo Bank | 3.75% | $0 |
| Betterment vs Wealthfront | 4.20% | $0 |