EverBank vs. Forbright Bank
EverBank edges out Forbright Bank slightly at 3.90% vs 3.85% APY. On a $10,000 balance, the difference is just $5 per year—so other factors may matter more.
| Metric | EverBankPerformance Savings Apr 7, 2026 | Forbright BankGrowth Savings Apr 7, 2026 |
|---|---|---|
| APY | 3.90% | 3.85% |
Est. Earnings | $5,000+$195 $10,000+$390 $25,000+$975 | $5,000+$193 $10,000+$385 $25,000+$963 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily 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.
Comparison Analysis
Comparing EverBank vs. Forbright Bank
Executive Summary
EverBank offers a competitive Performance Savings account with an APY of 3.90%, which is higher than Forbright Bank's Growth Savings account at 3.85%. Both accounts require no minimum deposit or maintenance fees and are online-only. Forbright also provides additional savings options, such as the Bright Savings and Sprout Savings accounts, which yield lower APYs of 3.45% and 3.45%, respectively. However, the Bright Savings account has specific eligibility requirements, needing to be opened in a Forbright branch in the Washington, D.C. metro area, while the Sprout Savings account is designed for children under 18 and also requires branch access. Overall, EverBank's Performance Savings account stands out as the more favorable option.
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?
No distinct advantages found vs Forbright Bank.
Why Forbright Bank?
- ✓Offers 3 different high-yield savings options
Shared Benefits
Over a 1-year period, EverBank's Performance Savings pays $5 more interest on a $10,000 balance than Forbright Bank's Growth 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
EverBank vs. Forbright Bank Savings Calculator
You earn $5 more with EverBank than Forbright Bank 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
Forbright Bank
Growth Savings
Savings Breakdown
- Interest Earned+$385.00(3.7%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,385.00
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 $384 per year in interest.
Both EverBank and Forbright Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | EverBank | Forbright Bank |
|---|---|---|
| APY | 3.90% Verified: 4/7/2026 Stable (90d) | 3.85% Verified: 4/7/2026 ↘︎ 0.15%90d Change |
| Product Name | Performance Savings | Growth Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | 11 locations in Florida and California | Locations in the Washington D.C. area (Maryland and Virginia) |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Native integration verified. | Available Branch accounts only; Growth Savings online does NOT support. |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at EverBank Non-sponsored link to official site | Visit SiteVerify at Forbright Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | EverBank | Forbright Bank | ||
|---|---|---|---|---|
| Performance Savings | Sprout Savings | Bright Savings | Growth Savings | |
Current APY | 3.90% | 3.45% | 3.45% | 3.85% |
Trend | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -4.6 | -4.9 | -4.9 | -4.5 |
Days Since Change | 109 | 88 | 88 | 88 |
12-Month High | 4.30% | 3.90% | 3.90% | 4.25% |
12-Month Low | 3.90% | 3.45% | 3.45% | 3.85% |
Adjustments / Mo | 0.16 | 0.16 | 0.16 | 0.16 |
Volatility Score | 0.042 | 0.051 | 0.051 | 0.042 |
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 Forbright Bank's APY of 3.85% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Forbright Bank vs Ally Bank | 3.20% | $0 |
| Forbright Bank vs American Express | 3.20% | $0 |
| Forbright Bank vs Axos Bank | 4.21% | $0 |
| Forbright Bank vs Barclays | 3.85% | $0 |
| Forbright Bank vs Capital One | 3.20% | $0 |
| Forbright Bank vs Chime | 3.00% | $0 |
| Forbright Bank vs CIT Bank | 3.75% | $100 |
| Forbright Bank vs Discover Bank | 3.30% | $0 |
| Forbright Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Forbright Bank vs Newtek Bank | 4.20% | $0.01 |
| Forbright Bank vs Openbank | 4.00% | $500 |
| Forbright Bank vs Pibank | 4.60% | $0 |
| Forbright Bank vs SoFi Bank | 4.00% | $0 |
| Forbright Bank vs Synchrony Bank | 3.50% | $0 |
| Forbright Bank vs Varo Bank | 5.00% | $0 |
| Forbright Bank vs Wealthfront | 4.20% | $0 |