EverBank vs. Santander Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | EverBankPerformance Savings Jan 21, 2026 | Santander BankSantander Savings Jan 21, 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® Supported | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® Supported |
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. Santander Bank
As of EverBank offers an APY of 3.90% for its Performance Savings account, with a minimum balance of $0, compared to Santander Bank's 0.01% APY for its Santander Savings account, with a minimum balance of $0.
EverBank pays $389 more than Santander Bank on a $10,000 balance after one year. EverBank pays $390, while Santander Bank pays $1 - an APY advantage for EverBank.
Why EverBank?
- ✓Higher potential APY (3.90% vs 0.01%) on all balances
- ✓No checking account or direct deposit required
- ✓Higher rated Android app (4.8 vs 4.0)
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.
Executive Summary as of
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 direct deposit requirement or maintenance fees. This account is online-only and requires no minimum balance, making it a straightforward choice for savers. In contrast, Santander Bank's Savings account yields a mere 0.01% APY, with a minimum deposit of $25 and a $1 maintenance fee, making it less appealing for those seeking higher interest rates. Overall, EverBank is the clear winner in terms of savings potential.
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
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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: 1/21/2026 ↘︎ 0.15%90d Change | 0.01% Verified: 1/21/2026 Stable (90d) |
| Product Name | Performance Savings | Santander Savings |
| Minimum Deposit | $0 | $25 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $1 |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.7 Android4.8 | iOS4.8 Android4.0 |
| 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) | -3.6 | -0.2 |
Days Since Change | 33 | 124 |
12-Month High | 4.30% | 0.03% |
12-Month Low | 3.90% | 0.01% |
Adjustments / Mo | 0.16 | 0.08 |
Volatility Score | 0.036 | 0.450 |
How to read these metrics(Click to expand)
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