EverBank vs. Santander Bank
Comparing EverBank and Santander Bank for savings: EverBank's Performance Savings pays 3.90% APY while Santander Bank's Santander Savings pays 0.01% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? EverBank pays $389 more than Santander Bank annually ($390 vs $1).
Choose EverBank if getting the best rate matters most, or you're an Android user. Choose Santander Bank if you value in-person banking.
| Metric | EverBankPerformance Savings Apr 21, 2026 | Santander BankSantander Savings Jan 29, 2026 |
|---|---|---|
| APY | 3.90% | 0.01% |
Est. Earnings | $5,000+$195 $10,000+$390 $25,000+$975 | $5,000+$1 $10,000+$1 $25,000+$3 |
Min Deposit | $0 | $25 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedDaily CompoundingRate Changes Often |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.07% APY.
Comparison Analysis
Comparing EverBank vs. Santander Bank
Executive Summary
EverBank offers a competitive Performance Savings account with a notable APY of 3.90%, providing better returns on both small and large deposits, with no maintenance fees or direct deposit requirements, and it is online-only. In contrast, Santander Bank's Savings account yields a significantly lower APY of just 0.01%, with a minimum deposit requirement of $25 and a monthly maintenance fee of $1. Given the substantial difference in APY, EverBank is the clear winner for those seeking higher savings returns.
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?
- ✓Higher potential APY (3.90% vs 0.01%) on all balances
- ✓No checking account or direct deposit required
- ✓Higher rated Android app (4.7 vs 4.1)
Why Santander 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. $390 vs $1/yr).
Better Returns at $25,000
EverBankEverBank's Performance Savings pulls ahead with larger amounts (approx. $975 vs $3/yr).
Best for Simplicity
EverBankEverBank's Performance Savings offers 3.90% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, EverBank's Performance Savings pays $389 more interest on a $10,000 balance than Santander Bank's Santander 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. Santander Bank Savings Calculator
You earn $389 more with EverBank than Santander Bank 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
Santander Bank
Santander Savings
Savings Breakdown
- Interest Earned+$1.00(0.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,001.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | EverBank | Santander Bank |
|---|---|---|
| APY | 3.90% Verified: 4/21/2026 Stable (90d) | 0.01% Verified: 1/29/2026 Stable (90d) |
| Product Name | Performance Savings | Santander Savings |
| Minimum Deposit | $0 | $25 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $1 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Physical Branches | 11 locations in Florida and California | Primarily in the Northeast and Miami, Florida |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Native integration verified. | Available Branch-based retail accounts only. |
| BBB Rating | A+ | Not Rated |
| Next Steps | Visit SiteVerify at EverBank Non-sponsored link to official site | Visit SiteVerify at Santander Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | EverBank | Santander Bank |
|---|---|---|
| Performance Savings | Santander Savings | |
Current APY | 3.90% | 0.01% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.8 | -0.2 |
Days Since Change | 41 | 132 |
12-Month High | 4.30% | 0.03% |
12-Month Low | 3.90% | 0.01% |
Adjustments / Mo | 0.16 | 0.08 |
Volatility Score | 0.043 | 0.462 |
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 Santander Bank's APY of 0.01% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Santander Bank vs Ally Bank | 3.10% | $0 |
| Santander Bank vs American Express | 3.20% | $0 |
| Santander Bank vs Axos Bank | 4.21% | $0 |
| Santander Bank vs Barclays | 3.75% | $0 |
| Santander Bank vs Capital One | 3.20% | $0 |
| Santander Bank vs Chime | 3.00% | $0 |
| Santander Bank vs CIT Bank | 3.75% | $100 |
| Santander Bank vs Discover Bank | 3.30% | $0 |
| Santander Bank vs Marcus by Goldman Sachs | 3.50% | $0 |
| Santander Bank vs Newtek Bank | 4.20% | $0.01 |
| Santander Bank vs Openbank | 4.00% | $500 |
| Santander Bank vs Pibank | 4.40% | $0 |
| Santander Bank vs SoFi Bank | 4.00% | $0 |
| Santander Bank vs Synchrony Bank | 3.40% | $0 |
| Santander Bank vs Varo Bank | 5.00% | $0 |
| Santander Bank vs Wealthfront | 4.20% | $0 |