EverBank vs. Peak Bank
Comparing EverBank and Peak Bank for high-yield savings: EverBank's Performance Savings pays 3.90% APY while Peak Bank's Envision High Yield Savings pays 4.02% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Peak Bank pays $12 more than EverBank annually ($402 vs $390).
Choose EverBank if you want Zelle for quick transfers. Choose Peak Bank if getting the best rate matters most.
| Metric | EverBankPerformance Savings Feb 17, 2026 | Peak BankEnvision High Yield Savings Feb 17, 2026 |
|---|---|---|
| APY | 3.90% | 4.02% |
Est. Earnings | $5,000+$195 $10,000+$390 $25,000+$975 | $5,000+$201 $10,000+$402 $25,000+$1,005 |
Min Deposit | $0 | $100 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppDaily 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
Peak Bank offers a competitive APY of 4.02% on its Envision High Yield Savings account, making it the winner in this comparison. This account requires a minimum deposit of $100 and is online-only, with no maintenance fees. In contrast, EverBank's Performance Savings account provides a slightly lower APY of 3.90% and has no minimum deposit requirements, also being online-only. Both accounts do not require direct deposit, allowing for flexibility in funding. Overall, while both banks offer attractive savings options, Peak Bank's higher APY positions it as the more lucrative 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?
- ✓Physical branch access (11 locations in Florida and California)
- ✓Fast transfers via Zelle®
Why Peak Bank?
- ✓Higher potential APY (4.02% vs 3.90%) on all balances
— Key Feature Differences —
Better Returns at $10,000
Peak BankPeak Bank's Envision High Yield Savings earns more on smaller deposits (approx. $402 vs $390/yr).
Better Returns at $25,000
Peak BankPeak Bank's Envision High Yield Savings pulls ahead with larger amounts (approx. $1005 vs $975/yr).
Shared Benefits
Over a 1-year period, Peak Bank's Envision High Yield Savings pays $12 more interest on a $10,000 balance than EverBank's Performance 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. Peak Bank Savings Calculator
You earn $12 more with Peak Bank than EverBank 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
Peak Bank
Envision High Yield Savings
Savings Breakdown
- Interest Earned+$402.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,402.00
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 $389 per year in interest.
Both EverBank and Peak Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | EverBank | Peak Bank |
|---|---|---|
| APY | 3.90% Verified: 2/17/2026 ↘︎ 0.15%90d Change | 4.02% Verified: 2/17/2026 ↘︎ 0.18%90d Change |
| Product Name | Performance Savings | Envision High Yield Savings |
| Minimum Deposit | $0 | $100 |
| Min. Balance for APY | $0 | N/A |
| 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 | None |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Native integration verified. | Not Supported |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at EverBank Non-sponsored link to official site | Visit SiteVerify at Peak Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | EverBank | Peak Bank |
|---|---|---|
| Performance Savings | Envision High Yield Savings | |
Current APY | 3.90% | 4.02% |
Trend | Stable | Stable |
Velocity (bps/mo) | -4.1 | -4.6 |
Days Since Change | 60 | 16 |
12-Month High | 4.30% | 4.54% |
12-Month Low | 3.90% | 3.99% |
Adjustments / Mo | 0.16 | 0.66 |
Volatility Score | 0.040 | 0.041 |
How to read these metrics(Click to expand)
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More Comparisons
Compare EverBank's APY of 3.90% with other banks
Compare Peak Bank's APY of 4.02% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Peak Bank vs Ally Bank | 3.30% | $0 |
| Peak Bank vs American Express | 3.30% | $0 |
| Peak Bank vs Axos Bank | 4.21% | $0 |
| Peak Bank vs Bank of America | 0.01% | $100 |
| Peak Bank vs Barclays | 4.00% | $0 |
| Peak Bank vs Capital One | 3.30% | $0 |
| Peak Bank vs Chase Bank | 0.01% | $0 |
| Peak Bank vs Chime | 3.00% | $0 |
| Peak Bank vs CIT Bank | 3.75% | $100 |
| Peak Bank vs Citibank | 3.20% | $0 |
| Peak Bank vs Discover Bank | 3.30% | $0 |
| Peak Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Peak Bank vs Newtek Bank | 4.20% | $0.01 |
| Peak Bank vs Openbank | 4.09% | $500 |
| Peak Bank vs Pibank | 4.60% | $0 |
| Peak Bank vs SoFi Bank | 4.00% | $0 |
| Peak Bank vs Synchrony Bank | 3.50% | $0 |
| Peak Bank vs Varo Bank | 5.00% | $0 |
| Peak Bank vs Wealthfront | 3.95% | $0 |
| Peak Bank vs Wells Fargo | 0.05% | $25 |