EverBank vs. Peak Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
EverBank
Performance Savings
4.05%APYDec 6, 2025FDIC InsuredNo MinimumsShow Fine Print & Trends Hide Details
EverBank
Performance Savings
Peak Bank
Envision High Yield Savings
4.20%APYDec 6, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Peak Bank
Envision High Yield Savings
Prefer In-Person Banking?
Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
Comparison Analysis
Comparing EverBank vs. Peak Bank
Why EverBank?
- ✓Physical branch access (11 locations in Florida and California)
Why Peak Bank?
- ✓Higher potential APY (4.20% vs 4.05%) on all balances
- ✓Higher rated iOS app (4.8 vs 2.3)
- ✓Higher rated Android app (4.6 vs 1.4)
— Key Feature Differences —
Better Returns at $10,000
Peak BankPeak Bank's Envision High Yield Savings earns more on smaller deposits (approx. $420 vs $405/yr).
Better Returns at $25,000
Peak BankPeak Bank's Envision High Yield Savings pulls ahead with larger amounts (approx. $1050 vs $1013/yr).
Best Mobile App Experience
Peak BankPeak Bank offers an iOS app rated 4.8 (vs. 2.3) and Android app rated 4.6 (vs. 1.4)
Shared Benefits
Over a 1-year period, Peak Bank's Envision High Yield Savings pays $15 more interest on a $10,000 balance than EverBank's Performance Savings.
Executive Summary
Peak Bank offers the Envision High Yield Savings account with a competitive APY of 4.20%, making it the highest-yielding option between the two banks. This account requires a minimum deposit of $100 and is online-only, with no maintenance fees. EverBank's Performance Savings account follows closely with an APY of 4.05%, also online-only and without any minimum deposit or maintenance fees. Both accounts provide daily compounding and are FDIC insured, but Peak Bank's product is noted for better returns on larger deposits and a superior mobile app experience.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Top Market Contenders
See who beats both EverBank and Peak Bank.
| Feature | EverBank | Peak Bank |
|---|---|---|
| APY | 4.05% Verified: 12/6/2025 ↘︎ 0.25%90d Change | 4.20% Verified: 12/6/2025 ↘︎ 0.15%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 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS2.3 Android1.4 | iOS4.8 Android4.6 |
| BBB Rating | A+ | A+ |
| Next Steps |
Savings Comparison
Peak Bank earns $97.3 more than EverBank.
EverBank
Performance Savings
Savings Breakdown
- Interest Earned+$2,467.00(12.1%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,467.00
Peak Bank
Envision High Yield Savings
Savings Breakdown
- Interest Earned+$2,564.30(12.5%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,564.30
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | EverBank | Peak Bank |
|---|---|---|
| Performance Savings | Envision High Yield Savings | |
Current APY | 4.05% | 4.20% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.1 | -3.7 |
Days Since Change | 78 | 66 |
10-Month High | 4.30% | 4.54% |
10-Month Low | 4.05% | 4.20% |
Adjustments / Mo | 0.10 | 0.41 |
Volatility Score | 0.027 | 0.028 |
How to read these metrics(Click to expand)
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