EverBank vs. Sallie Mae Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | EverBankPerformance Savings Jan 21, 2026 | Sallie Mae BankHigh-Yield Savings Account Jan 21, 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® Supported | FDIC InsuredNo Minimums |
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.
Comparison Analysis
Comparing EverBank vs. Sallie Mae Bank
As of both EverBank (Performance Savings) and Sallie Mae Bank (High-Yield Savings Account) offer an APY of 3.90% .
Both banks yield $390 in interest on a $10,000 balance after one year. Neither has an APY advantage, so consider other features (fees, access, app ratings, etc.) when choosing.
Why EverBank?
- ✓Physical branch access (11 locations in Florida and California)
- ✓Higher rated iOS app (4.7 vs 1.5)
- ✓Higher rated Android app (4.8 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 4.8 (vs. 1.6)
Shared Benefits
Executive Summary as of
Both EverBank and Sallie Mae Bank offer competitive high-yield savings accounts with an APY of 3.90%. EverBank's Performance Savings account is noted for its excellent mobile app experience, featuring a 4.7 rating on iOS and 4.8 on Android. Both banks require no minimum deposit or balance and have no maintenance fees, making them accessible options for savers. However, neither bank imposes a direct deposit requirement, allowing for flexibility in account management. Both products are online-only, providing convenient access to savings.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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.
| Feature | EverBank | Sallie Mae Bank |
|---|---|---|
| APY | 3.90% Verified: 1/21/2026 ↘︎ 0.15%90d Change | 3.90% Verified: 1/21/2026 Stable (90d) |
| Product Name | Performance Savings | High-Yield Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| 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 | iOS1.5 Android1.6 |
| 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 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) | -3.6 | -0.1 |
Days Since Change | 34 | 356 |
12-Month High | 4.30% | 4.00% |
12-Month Low | 3.90% | 3.90% |
Adjustments / Mo | 0.16 | 0.08 |
Volatility Score | 0.036 | 0.004 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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