EverBank vs. Sallie Mae Bank
EverBank and Sallie Mae Bank both offer 3.90% APY on their high-yield savings accounts. With identical rates, your choice comes down to other factors like mobile app quality, branch access, or customer service reputation.
The Bottom Line
The EverBank and Sallie Mae Bank savings accounts are very similar. Choose EverBank if mobile app quality matters, or you want Zelle for quick transfers.
| Metric | EverBankPerformance Savings Feb 6, 2026 | Sallie Mae BankHigh-Yield Savings Account Feb 6, 2026 |
|---|---|---|
| APY | 3.90% | 3.90% |
Est. Earnings | $5,000+$195 $10,000+$390 $25,000+$975 | $5,000+$195 $10,000+$390 $25,000+$975 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsDaily CompoundingStable Rate |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.15% APY.
Comparison Analysis
Comparing EverBank vs. Sallie Mae Bank
Executive Summary
Both EverBank and Sallie Mae Bank offer competitive high-yield savings accounts with an APY of 3.90%. As both accounts are online-only and do not require a minimum deposit or balance, they provide flexibility for savers. EverBank highlights its superior mobile app experience, rated 4.7 for both iOS and Android, making it a strong contender for users who prioritize mobile banking. However, since their APYs are identical, customers may choose based on personal preferences such as app usability or other features.
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)
- ✓Higher rated iOS app (4.7 vs 1.5)
- ✓Higher rated Android app (4.7 vs 1.6)
- ✓Fast transfers via Zelle®
Why Sallie Mae Bank?
No distinct advantages found vs EverBank.
— Key Feature Differences —
Best Mobile App Experience
EverBankEverBank offers an iOS app rated 4.7 (vs. 1.5) and Android app rated 4.7 (vs. 1.6)
Shared Benefits
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
EverBank vs. Sallie Mae Bank Savings Calculator
Both accounts earn exactly the same amount.
EverBank
Performance Savings
Savings Breakdown
- Interest Earned+$390.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,390.00
Sallie Mae Bank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$390.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,390.00
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 Sallie Mae Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | EverBank | Sallie Mae Bank |
|---|---|---|
| APY | 3.90% Verified: 2/6/2026 ↘︎ 0.15%90d Change | 3.90% Verified: 2/6/2026 Stable (90d) |
| Product Name | Performance Savings | High-Yield Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| 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 | N/A |
| 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 Sallie Mae Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | EverBank | Sallie Mae Bank |
|---|---|---|
| Performance Savings | High-Yield Savings Account | |
Current APY | 3.90% | 3.90% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.9 | -0.0 |
Days Since Change | 49 | 365 |
12-Month High | 4.30% | 3.90% |
12-Month Low | 3.90% | 3.90% |
Adjustments / Mo | 0.16 | 0.00 |
Volatility Score | 0.039 | 0.000 |
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 Sallie Mae Bank's APY of 3.90% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Sallie Mae Bank vs Ally Bank | 3.30% | $0 |
| Sallie Mae Bank vs American Express | 3.30% | $0 |
| Sallie Mae Bank vs Axos Bank | 4.21% | $0 |
| Sallie Mae Bank vs Bank of America | 0.01% | $100 |
| Sallie Mae Bank vs Barclays | 4.00% | $0 |
| Sallie Mae Bank vs Capital One | 3.30% | $0 |
| Sallie Mae Bank vs Chase Bank | 0.01% | $0 |
| Sallie Mae Bank vs Chime | 3.00% | $0 |
| Sallie Mae Bank vs CIT Bank | 3.75% | $100 |
| Sallie Mae Bank vs Citibank | 3.20% | $0 |
| Sallie Mae Bank vs Discover Bank | 3.30% | $0 |
| Sallie Mae Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Sallie Mae Bank vs Newtek Bank | 4.20% | $0.01 |
| Sallie Mae Bank vs Openbank | 4.09% | $500 |
| Sallie Mae Bank vs Pibank | 4.60% | $0 |
| Sallie Mae Bank vs SoFi Bank | 4.00% | $0 |
| Sallie Mae Bank vs Synchrony Bank | 3.50% | $0 |
| Sallie Mae Bank vs Varo Bank | 5.00% | $0 |
| Sallie Mae Bank vs Wealthfront | 3.95% | $0 |
| Sallie Mae Bank vs Wells Fargo | 0.05% | $25 |