EverBank vs. Sallie Mae Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
EverBank
Performance Savings
4.05%APYDec 10, 2025FDIC InsuredNo MinimumsShow Fine Print & Trends Hide Details
EverBank
Performance Savings
Sallie Mae Bank
High-Yield Savings Account
3.90%APYDec 10, 2025FDIC InsuredNo MinimumsShow Fine Print & Trends Hide Details
Sallie Mae Bank
High-Yield Savings Account
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.25% APY.
EverBank vs. Sallie Mae Bank Savings Calculator
EverBank earns $96.8 more than Sallie Mae Bank.
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
Sallie Mae Bank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$2,370.20(11.6%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,370.20
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing EverBank vs. Sallie Mae Bank
Why EverBank?
- ✓Higher potential APY (4.05% vs 3.90%) on all balances
- ✓Physical branch access (11 locations in Florida and California)
Why Sallie Mae Bank?
No distinct advantages found vs EverBank.
— Key Feature Differences —
Better Returns at $10,000
EverBankEverBank's Performance Savings earns more on smaller deposits (approx. $405 vs $390/yr).
Better Returns at $25,000
EverBankEverBank's Performance Savings pulls ahead with larger amounts (approx. $1013 vs $975/yr).
Shared Benefits
Over a 1-year period, EverBank's Performance Savings pays $15 more interest on a $10,000 balance than Sallie Mae Bank's High-Yield Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary
EverBank offers a Performance Savings account with a competitive APY of 4.05%, making it the top choice for savers looking for higher returns. This account is online-only, requires no minimum deposit or balance, and has no maintenance fees. In comparison, Sallie Mae Bank's High-Yield Savings Account provides a slightly lower APY of 3.90%, but also features no minimum requirements and is online-only. Both accounts do not require direct deposit, providing flexibility for account holders.
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 Sallie Mae Bank.
| Feature | EverBank | Sallie Mae Bank |
|---|---|---|
| APY | 4.05% Verified: 12/10/2025 ↘︎ 0.25%90d Change | 3.90% Verified: 12/10/2025 Stable (90d) |
| Product Name | Performance Savings | High-Yield Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| 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 | iOS1.5 Android1.6 |
| BBB Rating | A+ | A+ |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | EverBank | Sallie Mae Bank |
|---|---|---|
| Performance Savings | High-Yield Savings Account | |
Current APY | 4.05% | 3.90% |
Trend | Stable | Stable |
Velocity (bps/mo) | -2.8 | -0.1 |
Days Since Change | 82 | 313 |
11-Month High | 4.30% | 4.00% |
11-Month Low | 4.05% | 3.90% |
Adjustments / Mo | 0.09 | 0.09 |
Volatility Score | 0.027 | 0.004 |
How to read these metrics(Click to expand)
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