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 4.01% 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 $11 more than EverBank annually ($401 vs $390).
Choose EverBank if you want Zelle for quick transfers. Choose Peak Bank if getting the best rate matters most.
| Metric | EverBankPerformance Savings Jun 5, 2026 | Peak BankEnvision High Yield Savings Jun 5, 2026 |
|---|---|---|
| APY | 3.90% | 4.01% |
Est. Earnings | $5,000+$195 $10,000+$390 $25,000+$975 | $5,000+$200 $10,000+$401 $25,000+$1,002 |
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 |
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.
Executive Summary
Peak Bank offers the Envision High Yield Savings account with a competitive APY of 4.01%, making it the winner in this comparison. This account requires a minimum deposit of $100 and is also online-only. In contrast, EverBank's Performance Savings account provides a solid APY of 3.90% with no minimum deposit requirement, but it does not match Peak Bank's yield. Both accounts have no maintenance fees and compound daily, making them attractive options for savers.
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 (4.01% 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. $401 vs $390/yr).
Better Returns at $25,000
Peak BankPeak Bank's Envision High Yield Savings pulls ahead with larger amounts (approx. $1002 vs $975/yr).
Shared Benefits
Over a 1-year period, Peak Bank's Envision High Yield Savings pays $11 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 $11 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+$401.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,401.00
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: 6/5/2026 Stable (90d) | 4.01% Verified: 6/5/2026 Stable (90d) |
| 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% | 4.01% |
Trend | Stable | Stable |
Velocity (bps/mo) | -4.2 | -5.7 |
Days Since Change | 168 | 4 |
12-Month High | 4.30% | 4.44% |
12-Month Low | 3.90% | 3.82% |
Adjustments / Mo | 0.16 | 0.66 |
Volatility Score | 0.040 | 0.050 |
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 4.01% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Peak Bank vs Ally Bank | 3.10% | $0 |
| Peak Bank vs American Express | 3.10% | $0 |
| Peak Bank vs Axos Bank | 4.21% | $0 |
| Peak Bank vs Barclays | 3.75% | $0 |
| Peak Bank vs Capital One | 3.00% | $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 | 3.40% | $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 | 3.80% | $0 |
| Peak Bank vs Synchrony Bank | 3.40% | $0 |
| Peak Bank vs Varo Bank | 5.00% | $0 |
| Peak Bank vs Wealthfront | 4.20% | $0 |