EverBank vs. Peak Bank
EverBank edges out Peak Bank slightly at 3.90% vs 3.82% APY. On a $10,000 balance, the difference is just $8 per year—so other factors may matter more.
The Bottom Line
The EverBank and Peak Bank savings accounts are very similar. Choose EverBank if you want Zelle for quick transfers.
| Metric | EverBankPerformance Savings Apr 21, 2026 | Peak BankEnvision High Yield Savings Apr 21, 2026 |
|---|---|---|
| APY | 3.90% | 3.82% |
Est. Earnings | $5,000+$195 $10,000+$390 $25,000+$975 | $5,000+$191 $10,000+$382 $25,000+$955 |
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 4.07% APY.
Executive Summary
EverBank offers a Performance Savings account with a competitive APY of 3.90%, making it the highest-yielding option between the two banks. This account requires no minimum deposit and has no maintenance fees, with interest compounded daily. In comparison, Peak Bank's Envision High Yield Savings account provides a slightly lower APY of 3.82%, with a minimum deposit requirement of $100. Both accounts are online-only and do not require direct deposit. Overall, EverBank stands out as the winner based on the provided APY data.
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?
No distinct advantages found vs EverBank.
Shared Benefits
Over a 1-year period, EverBank's Performance Savings pays $8 more interest on a $10,000 balance than Peak Bank's Envision High Yield 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
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EverBank vs. Peak Bank Savings Calculator
You earn $8 more with EverBank than Peak 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
Peak Bank
Envision High Yield Savings
Savings Breakdown
- Interest Earned+$382.00(3.7%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,382.00
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 $381 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: 4/21/2026 Stable (90d) | 3.82% Verified: 4/21/2026 ↘︎ 0.17%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% | 3.82% |
Trend | Stable | Stable |
Velocity (bps/mo) | -4.6 | -5.4 |
Days Since Change | 123 | 20 |
12-Month High | 4.30% | 4.54% |
12-Month Low | 3.90% | 3.82% |
Adjustments / Mo | 0.16 | 0.66 |
Volatility Score | 0.042 | 0.047 |
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 Peak Bank's APY of 3.82% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Peak Bank vs Ally Bank | 3.10% | $0 |
| Peak Bank vs American Express | 3.20% | $0 |
| Peak Bank vs Axos Bank | 4.21% | $0 |
| Peak Bank vs Barclays | 3.75% | $0 |
| Peak Bank vs Capital One | 3.20% | $0 |
| Peak Bank vs Chime | 3.00% | $0 |
| Peak Bank vs CIT Bank | 3.75% | $100 |
| Peak Bank vs Discover Bank | 3.30% | $0 |
| Peak Bank vs Marcus by Goldman Sachs | 3.50% | $0 |
| Peak Bank vs Newtek Bank | 4.20% | $0.01 |
| Peak Bank vs Openbank | 4.00% | $500 |
| Peak Bank vs Pibank | 4.40% | $0 |
| Peak Bank vs SoFi Bank | 4.00% | $0 |
| Peak Bank vs Synchrony Bank | 3.40% | $0 |
| Peak Bank vs Varo Bank | 5.00% | $0 |
| Peak Bank vs Wealthfront | 4.20% | $0 |