Betterment vs. EverBank
Compare rates, requirements, and features side-by-side to find the best option for you.
Betterment
Cash Reserve
3.50%APYDec 10, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Betterment
Cash Reserve
EverBank
Performance Savings
4.05%APYDec 10, 2025FDIC InsuredNo MinimumsShow Fine Print & Trends Hide Details
EverBank
Performance Savings
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.25% APY.
Betterment vs. EverBank Savings Calculator
EverBank earns $352.9 more than Betterment.
Betterment
Cash Reserve
Savings Breakdown
- Interest Earned+$2,114.10(10.5%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,114.10
EverBank
Performance Savings
Savings Breakdown
- Interest Earned+$2,467.00(12.1%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,467.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Betterment vs. EverBank
Why Betterment?
- ✓Higher rated iOS app (4.8 vs 2.3)
- ✓Higher rated Android app (4.7 vs 1.4)
Why EverBank?
- ✓Higher potential APY (4.05% vs 3.50%) on all balances
- ✓Physical branch access (11 locations in Florida and California)
— Key Feature Differences —
Better Returns at $10,000
EverBankEverBank's Performance Savings earns more on smaller deposits (approx. $405 vs $350/yr).
Better Returns at $25,000
EverBankEverBank's Performance Savings pulls ahead with larger amounts (approx. $1013 vs $875/yr).
Best for Simplicity
EverBankEverBank's Performance Savings offers 4.05% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
BettermentBetterment offers an iOS app rated 4.8 (vs. 2.3) and Android app rated 4.7 (vs. 1.4)
Shared Benefits
Over a 1-year period, EverBank's Performance Savings pays $55 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
EverBank offers a Performance Savings account with a competitive APY of 4.05%, making it the winner in this comparison. This account requires no minimum deposit, has no maintenance fees, and is online-only, appealing for those seeking simplicity without restrictions. In contrast, Betterment's Cash Reserve provides a lower APY of 3.50% but also requires no minimum balance and has no fees. While Betterment is noted for its superior mobile app experience, EverBank's higher APY makes it the more attractive option for savers looking to maximize their returns.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Top Market Contenders
See who beats both Betterment and EverBank.
| Feature | Betterment | EverBank |
|---|---|---|
| APY | 3.50% Verified: 12/10/2025 ↘︎ 0.50%90d Change | 4.05% Verified: 12/10/2025 ↘︎ 0.25%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 | iOS2.3 Android1.4 |
| BBB Rating | A- | A+ |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Betterment | EverBank |
|---|---|---|
| Cash Reserve | Performance Savings | |
Current APY | 3.50% | 4.05% |
Trend | Stable | Stable |
Velocity (bps/mo) | -4.1 | -2.9 |
Days Since Change | 39 | 82 |
12-Month High | 4.25% | 4.75% |
12-Month Low | 3.50% | 4.05% |
Adjustments / Mo | 0.25 | 0.25 |
Volatility Score | 0.048 | 0.029 |
How to read these metrics(Click to expand)
Compare Similar High-Yield Accounts
Compare Betterment vs...
Comparing against Standard Savings
Compare EverBank vs...
Comparing against Standard Savings
Higher Rates (With Checking)
Looking for something different? Check out these top-rated alternatives.