Everbank vs. Ivy Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of EverBank vs. Ivy Bank
Key Metrics at a Glance
| Feature | EverBank | Ivy Bank |
|---|---|---|
| Top Savings APY | 4.05% Performance Savings | 4.25% High-Yield Savings Account |
| Minimum to Open | $0 | $2,500 |
| Minimum Balance for Top APY | $0 | $2,500 |
EverBank
Strengths
- EverBank offers a high APY of 4.05% with no minimum deposit or balance requirement.
- No maintenance fees for the Performance Savings account.
- EverBank has 11 physical branches in Florida and California.
Potential Drawbacks
- EverBank has low App Store and Google Play ratings: 2.3 and 1.5 respectively.
- Not accredited by the BBB despite an A+ rating.
Ivy Bank
Strengths
- Ivy Bank provides a higher APY of 4.25% for its High-Yield Savings Account.
- Ivy Bank has better App Store and Google Play ratings: 4.7 and 3.5 respectively.
- No maintenance fees for the High-Yield Savings Account.
Potential Drawbacks
- Ivy Bank requires a minimum deposit and balance of $2,500.
- Ivy Bank has no physical branches.
→ As of November 12, 2025 EverBank offers an APY of 4.05% for its Performance Savings account, with a minimum balance of $0, compared to Ivy Bank's 4.25% APY for its High-Yield Savings Account, with a minimum balance of $2,500.
→ Ivy Bank yields $20 more than EverBank on a $10,000 balance after one year. EverBank pays $405, while Ivy Bank pays $425 - an APY advantage for Ivy Bank.
Calculate Savings Growth for EverBank vs Ivy Bank
EverBank - Performance Savings
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 OverviewIvy Bank - High-Yield Savings Account
Total savings breakdown:
- Interest earned: $2,596.8 (12.61%)
- Total contributions: $13,000 (63.12%)
- Initial deposit: $5,000 (24.28%)
Your total balance
$20,596.80
Total balance: $20,596.8
Earnings: $2,596.8
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, EverBank's total earnings would be $129.8 lower than Ivy Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare EverBank's vs Ivy Bank's Savings Accounts
| EverBank | Ivy Bank | ||
|---|---|---|---|
| Product | Performance Savings | vs | High-Yield Savings Account |
| APY | 4.05% (as of 11/12/2025) | 0.05% - 4.25% (as of 11/12/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $0 | $2,500 | |
| Minimum Balance for APY | $0 | $2,500 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No | |
| Eligibility | United States | Residents of California and U.S. Territories (except District of Columbia) are ineligible to apply. | |
| App Store Rating | 2.3/5 | 4.7/5 | |
| Google Play Rating | 1.5/5 | 3.5/5 | |
| BBB Rating | A+ | A- |
No historical data available.