Chime vs. EverBank
Comparing Chime and EverBank for high-yield savings: Chime's Chime High-Yield Savings Account pays 3.00% APY while EverBank's Performance Savings pays 3.90% APY.
Note: Chime requires a checking account.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? EverBank pays $90 more than Chime annually ($390 vs $300).
Choose EverBank if getting the best rate matters most, you want a no-strings-attached account, or you want Zelle for quick transfers.
Important Considerations
Chime requires a checking account to unlock its top savings rate, while EverBank offers its savings account standalone.
| Metric | ChimeChime High-Yield Savings Account Mar 7, 2026 | EverBankPerformance Savings Mar 7, 2026 |
|---|---|---|
| APY | 0.75% - 3.00% | 3.90% |
Est. Earnings | $5,000+$150 $10,000+$300 $25,000+$750 | $5,000+$195 $10,000+$390 $25,000+$975 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDirect Deposit ReqChecking BundleDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.15% APY.
Executive Summary
Chime offers a High-Yield Savings Account with an APY of 3.00%, but it requires a qualifying direct deposit of $200 or more within the preceding 34 days. In contrast, EverBank's Performance Savings account provides a higher APY of 3.90% with no direct deposit requirement, making it a more attractive option for savers. Both accounts are online-only and have no minimum deposit or maintenance fees. For those looking for simplicity and better returns, EverBank stands out as 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.
Why Chime?
No distinct advantages found vs EverBank.
Why EverBank?
- ✓Higher potential APY (3.90% vs 3.00%) on all balances
- ✓No checking account or direct deposit required
- ✓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 $300/yr).
Better Returns at $25,000
EverBankEverBank's Performance Savings pulls ahead with larger amounts (approx. $975 vs $750/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 $90 more interest on a $10,000 balance than Chime's Chime High-Yield Savings Account.
*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
Chime vs. EverBank Savings Calculator
You earn $90 more with EverBank than Chime 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.
Chime
Chime High-Yield Savings Account
Savings Breakdown
- Interest Earned+$300.00(2.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,300.00
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 $299 per year in interest.
Both Chime and EverBank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Chime | EverBank |
|---|---|---|
| APY | 3.00% Range: 0.75% - 3.00% Verified: 3/7/2026 ↘︎ 0.50%90d Change | 3.90% Verified: 3/7/2026 ↘︎ 0.15%90d Change |
| Product Name | Chime High-Yield Savings Account | Performance Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0.01 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | N/A | 11 locations in Florida and California |
| Direct Deposit Req. | RequiredYou need to receive a qualifying direct deposit of $200 or more within the preceding 34 days | None |
| Checking Bundle | Yes | No |
| Mobile Apps | ||
| FDIC Insured | Yes | YesVerify FDIC |
| Zelle® Support | Not Supported | Available Native integration verified. |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at Chime Non-sponsored link to official site | Visit SiteVerify at EverBank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Chime | EverBank |
|---|---|---|
| Chime High-Yield Savings Account | Performance Savings | |
Current APY | 3.00% | 3.90% |
Trend | Stable | Stable |
Velocity (bps/mo) | -0.2 | -4.4 |
Days Since Change | 36 | 78 |
12-Month High | 3.75% | 4.30% |
12-Month Low | 2.00% | 3.90% |
Adjustments / Mo | 0.25 | 0.16 |
Volatility Score | 0.123 | 0.041 |
How to read these metrics(Click to expand)
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