Everbank vs. Fnbo Direct
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: October 16, 2025
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Summary of EverBank vs. FNBO Direct
Key Metrics at a Glance
| Feature | EverBank | FNBO Direct |
|---|---|---|
| Top Savings APY | 4.05% Performance Savings | 3.00% High-Yield Online Savings Account |
| Minimum to Open | $0 | $1 |
| Minimum Balance for Top APY | $0 | $0.01 |
EverBank
Strengths
- EverBank offers a higher APY of 4.05% compared to FNBO Direct's 3.00%.
- EverBank has 11 physical branches in Florida and California.
- EverBank has an A+ BBB rating, indicating strong trustworthiness.
Potential Drawbacks
- EverBank's APY decreased from 4.30% in the last 30 days.
- EverBank has low App Store (2.3) and Google Play (2.4) ratings.
FNBO Direct
Strengths
- FNBO Direct has higher App Store (4.5) and Google Play (4.8) ratings.
- FNBO Direct does not require a minimum balance for its account.
Potential Drawbacks
- FNBO Direct's APY decreased from 3.25% in the last 30 days.
- FNBO Direct has no physical branches, operating online only.
→ As of October 16, 2025 EverBank offers an APY of 4.05% for its Performance Savings account, with a minimum balance of $0, compared to FNBO Direct's 3.00% APY for its High-Yield Online Savings Account, with a minimum balance of $0.01.
→ EverBank yields $105 more than FNBO Direct on a $10,000 balance after one year. EverBank pays $405, while FNBO Direct pays $300 - an APY advantage for EverBank.
Calculate Savings Growth for EverBank vs FNBO Direct
EverBank
Total savings breakdown:
- Interest earned: $2,467 (12.05%)
- Total contributions: $13,000 (63.52%)
- Initial deposit: $5,000 (24.43%)
Your total balance
$20,467.00
Total balance: $20,467
Earnings: $2,467
Bank OverviewFNBO Direct
Total savings breakdown:
- Interest earned: $1,798.2 (9.08%)
- Total contributions: $13,000 (65.66%)
- Initial deposit: $5,000 (25.25%)
Your total balance
$19,798.20
Total balance: $19,798.2
Earnings: $1,798.2
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, EverBank's total earnings would be $668.8 higher than FNBO Direct's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare EverBank's vs FNBO Direct's Savings Accounts
| EverBank | FNBO Direct | ||
|---|---|---|---|
| Product | Performance Savings | vs | High-Yield Online Savings Account |
| APY | 4.05% (as of 10/16/2025) | 3.00% (as of 10/16/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | No | |
| Compound Frequency | Daily | Monthly | |
| Minimum Deposit | $0 | $1 | |
| Minimum Balance for APY | $0 | $0.01 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No | |
| App Store Rating | 2.3/5 | 4.5/5 | |
| Google Play Rating | 2.4/5 | 4.8/5 | |
| BBB Rating | A+ | Not Rated |
Comparative Historical APY Insights (Last 3 Months)
| EverBank | FNBO Direct | ||
|---|---|---|---|
| Product | Performance Savings | vs | High-Yield Online Savings Account |
| Latest APY | 4.05 % | 3.00 % | |
| Trend | Falling | Falling | |
| Slope (bps/mo) | -11.7 | -7.7 | |
| Rate Changes / Mo | 0.36 | 0.36 | |
| Days Since Last Change | 27 | 13 | |
| High (-3 m) | 4.30 % | 3.25 % | |
| Low (-3 m) | 4.05 % | 3.00 % | |
| Draw-down from High | -5.8 % | -7.7 % | |
| Volatility (CV) | 0.028 | 0.029 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 3 months (regression slope).
- Slope (bps/mo)
- Average monthly change; 10 bps = 0.10 pp.
- Rate Changes / Mo
- Typical number of APY moves per month.
- Days Since Last Change
- Recency of the latest APY adjustment.
- High (-3 m)
- Highest APY in the last 84 days.
- Low (-3 m)
- Lowest APY in the last 84 days.
- Draw-down from High
- How far today sits below the 3-month peak.
- Volatility (CV)
- Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
- See how quickly a bank reacts to Fed moves or competition.
- Gauge “twitchiness” - frequent moves can annoy savers.
- Spot if you're buying near a peak (draw-down) or riding a rise.
- Slope (bps/mo) shows speed of change.
- Volatility (CV) scales jumps by average level.