EverBank vs. FNBO Direct
Comparing EverBank and FNBO Direct for high-yield savings: EverBank's Performance Savings pays 3.90% APY while FNBO Direct's High-Yield Online Savings Account pays 3.00% APY.
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 FNBO Direct annually ($390 vs $300).
Choose EverBank if getting the best rate matters most.
| Metric | EverBankPerformance Savings Apr 21, 2026 | FNBO DirectHigh-Yield Online Savings Account Apr 21, 2026 |
|---|---|---|
| APY | 3.90% | 3.00% |
Est. Earnings | $5,000+$195 $10,000+$390 $25,000+$975 | $5,000+$150 $10,000+$300 $25,000+$750 |
Min Deposit | $0 | $1 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppZelle® SupportedRate Changes Often |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.07% APY.
Comparison Analysis
Comparing EverBank vs. FNBO Direct
Executive Summary
EverBank offers a competitive Performance Savings account with an APY of 3.90%, making it the winner in this comparison. This account requires no minimum deposit or balance, has no maintenance fees, and does not mandate direct deposit, providing a straightforward savings option. In contrast, FNBO Direct's High-Yield Online Savings Account offers a slightly lower APY of 3.00% with a minimum deposit of $1 and a minimum balance of $0.01, also with no maintenance fees. Both accounts are online-only and FDIC insured, but EverBank's higher yield positions it as the superior choice.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why EverBank?
- ✓Higher potential APY (3.90% vs 3.00%) on all balances
- ✓Physical branch access (11 locations in Florida and California)
Why FNBO Direct?
No distinct advantages found vs EverBank.
— 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 FNBO Direct's High-Yield Online 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
EverBank vs. FNBO Direct Savings Calculator
You earn $90 more with EverBank than FNBO Direct 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.
EverBank
Performance Savings
Savings Breakdown
- Interest Earned+$390.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,390.00
FNBO Direct
High-Yield Online Savings Account
Savings Breakdown
- Interest Earned+$300.00(2.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,300.00
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 EverBank and FNBO Direct dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | EverBank | FNBO Direct |
|---|---|---|
| APY | 3.90% Verified: 4/21/2026 Stable (90d) | 3.00% Verified: 4/21/2026 Stable (90d) |
| Product Name | Performance Savings | High-Yield Online Savings Account |
| Minimum Deposit | $0 | $1 |
| Min. Balance for APY | $0 | $0.01 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Monthly |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | 11 locations in Florida and California | None |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Native integration verified. | Available Online division fully supports Zelle. |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at EverBank Non-sponsored link to official site | Visit SiteVerify at FNBO Direct Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | EverBank | FNBO Direct |
|---|---|---|
| Performance Savings | High-Yield Online Savings Account | |
Current APY | 3.90% | 3.00% |
Trend | Stable | Stable |
Velocity (bps/mo) | -5.0 | -2.9 |
Days Since Change | 123 | 200 |
9-Month High | 4.30% | 3.25% |
9-Month Low | 3.90% | 3.00% |
Adjustments / Mo | 0.22 | 0.11 |
Volatility Score | 0.035 | 0.033 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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More Comparisons
Compare EverBank's APY of 3.90% with other banks
Compare FNBO Direct's APY of 3.00% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| FNBO Direct vs Ally Bank | 3.10% | $0 |
| FNBO Direct vs American Express | 3.20% | $0 |
| FNBO Direct vs Axos Bank | 4.21% | $0 |
| FNBO Direct vs Barclays | 3.75% | $0 |
| FNBO Direct vs Capital One | 3.20% | $0 |
| FNBO Direct vs Chime | 3.00% | $0 |
| FNBO Direct vs CIT Bank | 3.75% | $100 |
| FNBO Direct vs Discover Bank | 3.30% | $0 |
| FNBO Direct vs Marcus by Goldman Sachs | 3.50% | $0 |
| FNBO Direct vs Newtek Bank | 4.20% | $0.01 |
| FNBO Direct vs Openbank | 4.00% | $500 |
| FNBO Direct vs Pibank | 4.40% | $0 |
| FNBO Direct vs SoFi Bank | 4.00% | $0 |
| FNBO Direct vs Synchrony Bank | 3.40% | $0 |
| FNBO Direct vs Varo Bank | 5.00% | $0 |
| FNBO Direct vs Wealthfront | 4.20% | $0 |