EverBank vs. Peak Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | EverBankPerformance Savings Jan 21, 2026 | Peak BankEnvision High Yield Savings Jan 21, 2026 |
|---|---|---|
| APY | 3.90% | 3.99% |
Est. Earnings | $5,000+$195 $10,000+$390 $25,000+$975 | $5,000+$200 $10,000+$399 $25,000+$998 |
Min Deposit | $0 | $100 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® Supported | FDIC InsuredLow MinimumsGreat iOS AppGreat Android App |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.20% APY.
As of EverBank offers an APY of 3.90% for its Performance Savings account, with a minimum balance of $0, compared to Peak Bank's 3.99% APY for its Envision High Yield Savings account, with a minimum balance of .
Peak Bank pays $9 more than EverBank on a $10,000 balance after one year. EverBank pays $390, while Peak Bank pays $399 - an APY advantage for Peak Bank.
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, Peak Bank's Envision High Yield Savings pays $9 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.
Executive Summary as of
Peak Bank offers a competitive APY of 3.99% on its Envision High Yield Savings account, making it the winner in this comparison. This account requires a minimum deposit of $100 but has no maintenance fees, and it compounds interest daily. In contrast, EverBank's Performance Savings account provides a slightly lower APY of 3.90% with no minimum deposit or maintenance fees, also compounding interest daily. Both banks operate online only and do not require direct deposit for account opening.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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EverBank vs. Peak Bank Savings Calculator
You earn $9 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+$399.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,399.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | EverBank | Peak Bank |
|---|---|---|
| APY | 3.90% Verified: 1/21/2026 ↘︎ 0.15%90d Change | 3.99% Verified: 1/21/2026 ↘︎ 0.21%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 | iOS4.7 Android4.8 | iOS4.8 Android4.6 |
| 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% | 3.99% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.9 | -4.3 |
Days Since Change | 33 | 20 |
11-Month High | 4.30% | 4.54% |
11-Month Low | 3.90% | 3.99% |
Adjustments / Mo | 0.18 | 0.62 |
Volatility Score | 0.037 | 0.037 |
How to read these metrics(Click to expand)
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