High-Yield Savings Account Comparison

EverBank vs. Synchrony Bank

Compare rates, requirements, and features side-by-side to find the best option for you.

Analysis by Aviel Fahl
Updated December 6, 2025
Advertising Disclosure: We may earn a commission from partner links.

EverBank

Performance Savings

4.05%
APY
Dec 6, 2025
FDIC InsuredNo Minimums
Show Fine Print & Trends
Min. Deposit$0
Min. Balance$0
Maintenance Fee$0
Compound FreqDaily
Direct DepositNot required
Deposit InsuranceFDIC Insured(Cert: 34775)
EligibilityUnited States
Mobile Ratings
iOS:2.3Android:1.4
BBB Rating
A+(Not BBB Accredited)

Rate Stability

Rate Adjusted
-0.25%
Since 90 days ago
Read Bank Overview

Synchrony Bank

High Yield Savings

3.65%
APY
Dec 6, 2025
FDIC InsuredNo MinimumsGreat iOS AppGreat Android App
Show Fine Print & Trends
Min. Deposit$0
Min. Balance$0
Maintenance Fee$0
Compound FreqDaily
Direct DepositNot required
Deposit InsuranceFDIC Insured(Cert: 27314)
EligibilityUnited States
Mobile Ratings
iOS:4.8Android:4.5
BBB Rating
Not Rated(Not BBB Accredited)

Rate Stability

Rate Adjusted
-0.15%
Since 30 days ago
Read Bank Overview

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.

See Top Rates

Comparison Analysis

Comparing EverBank vs. Synchrony Bank

Updated: Dec 6, 2025

Why EverBank?

  • ✓Higher potential APY (4.05% vs 3.65%) on all balances
  • ✓Physical branch access (11 locations in Florida and California)

Why Synchrony Bank?

  • ✓Higher rated iOS app (4.8 vs 2.3)
  • ✓Higher rated Android app (4.5 vs 1.4)

— Key Feature Differences —

Better Returns at $10,000
EverBank

EverBank's Performance Savings earns more on smaller deposits (approx. $405 vs $365/yr).

Better Returns at $25,000
EverBank

EverBank's Performance Savings pulls ahead with larger amounts (approx. $1013 vs $913/yr).

Best for Simplicity
EverBank

EverBank's Performance Savings offers 4.05% APY with no bundling, direct deposit requirement or caps.

Best Mobile App Experience
Synchrony Bank

Synchrony Bank offers an iOS app rated 4.8 (vs. 2.3) and Android app rated 4.5 (vs. 1.4)

Shared Benefits

Both offer monthly maintenance-free account options Both banks have options with $0 opening deposit Available Nationwide Available to New & Existing Customers
The Bottom Line

Over a 1-year period, EverBank's Performance Savings pays $40 more interest on a $10,000 balance than Synchrony Bank's High Yield Savings.

Synchrony BankEverBank
Automated Data Audit

Executive Summary

EverBank offers a competitive Performance Savings account with an APY of 4.05%, making it the clear winner in this comparison. This account does not require direct deposit or a minimum balance, and it features daily compounding. In contrast, Synchrony Bank's High Yield Savings account provides a lower APY of 3.65%, also with no direct deposit requirement and no maintenance fees. Both banks operate online-only and offer FDIC insurance, but EverBank stands out for its higher returns, particularly advantageous for both smaller and larger deposits.

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.

ExploreEverBankExploreSynchrony Bank

Top Market Contenders

See who beats both EverBank and Synchrony Bank.

Compare All High-Yield Savings Accounts
Pibank
Pibank Savings
FDIC InsuredNo Minimums
4.60% APY
+0.55% vs EverBank
Better Rate
Pibank vs EverBankPibank vs Synchrony Bank
Neighbors Bank
Neighbors Savings Account
FDIC InsuredNo MinimumsGreat Android App
4.50% APY
+0.45% vs EverBank
Better Rate
Neighbors Bank vs EverBankNeighbors Bank vs Synchrony Bank
Axos Bank
Axos ONE
FDIC InsuredNo MinimumsGreat iOS AppGreat Android App
4.31% APY
+0.26% vs EverBank
Better Rate
Axos Bank vs EverBankAxos Bank vs Synchrony Bank
FeatureEverBankSynchrony Bank
APY
4.05%
Verified: 12/6/2025
↘︎ 0.25%90d Change
3.65%
Verified: 12/6/2025
↘︎ 0.15%90d Change
Product NamePerformance SavingsHigh Yield Savings
Minimum Deposit$0$0
Min. Balance for APY$0$0
Monthly Fee$0$0
Branch AccessNoneNone
Account Type
Online Only
Online Only
Direct Deposit Req.NoneNone
Checking BundleNoNo
Mobile Apps
iOS2.3
Android1.4
iOS4.8
Android4.5
BBB RatingA+Not Rated
Next Steps
- View Details
- View Details

Savings Comparison

Calculations based on current APY.
$
$

EverBank earns $257.3 more than Synchrony Bank.

EverBank

Performance Savings

4.05% APY

Savings Breakdown

  • Interest Earned
    +$2,467.00(12.1%)
  • Total Contributions
    $13,000
  • Initial Deposit
    $5,000

Projected Balance

$20,467.00

Effective APY
4.05%
View Details

Synchrony Bank

High Yield Savings

3.65% APY

Savings Breakdown

  • Interest Earned
    +$2,209.70(10.9%)
  • Total Contributions
    $13,000
  • Initial Deposit
    $5,000

Projected Balance

$20,209.70

Effective APY
3.65%
View Details

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

📈 Compare Savings Rates Over Time

Historical Performance

Last 10 Months Analysis
MetricEverBankSynchrony Bank
Performance SavingsHigh Yield Savings
Current APY
4.05%3.65%
Trend
 Stable Stable
Velocity (bps/mo)
-2.8-3.4
Days Since Change
7818
10-Month High
4.30%4.10%
10-Month Low
4.05%3.65%
Adjustments / Mo
0.090.28
Volatility Score
0.0270.031
How to read these metrics(Click to expand)

Trends & Velocity

  • Trend: The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
  • Velocity (bps/mo): Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
  • Adjustments/Mo: "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.

Risk & Range

  • High/Low: The absolute ceiling and floor of the rate during the 318-day window.
  • Volatility Score: Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
  • Days Since Change: If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.

Compare Similar High-Yield Accounts

Compare EverBank vs...

Comparing against Standard Savings

vs EverBank
PibankNo Bundle Req
4.60%
APY
vs EverBank
Neighbors BankNo Bundle Req
4.50%
APY
vs EverBank
TIMBRNo Bundle Req
4.40%
APY

Compare Synchrony Bank vs...

Comparing against Standard Savings

vs Synchrony Bank
PibankNo Bundle Req
4.60%
APY
vs Synchrony Bank
Neighbors BankNo Bundle Req
4.50%
APY
vs Synchrony Bank
TIMBRNo Bundle Req
4.40%
APY

Higher Rates (With Checking)

Looking for something different? Check out these top-rated alternatives.

Checking Bundle
Axos Bank View Details
4.31%
APY
Checking Bundle
SoFi Bank View Details
4.30%
APY
Checking Bundle
Presidential Bank View Details
4.00%
APY

More Comparisons

Compare EverBank's APY of 4.05% with other banks
Bank PairCompetitor APYMin Deposit
EverBank vs Ally Bank3.30%$0
EverBank vs American Express3.40%$0
EverBank vs Axos Bank4.31%$0
EverBank vs Bank of America0.01%$100
EverBank vs Barclays4.00%$0
EverBank vs Bask Bank3.90%$0
EverBank vs BMO Alto3.25%$0
EverBank vs BrioDirect4.00%$5,000
EverBank vs Capital One3.40%$0
EverBank vs Chase Bank0.01%$0
EverBank vs Chime3.50%$0
EverBank vs CIT Bank3.75%$100
EverBank vs Citibank3.30%$0
EverBank vs Citizens Access™3.35%$0.01
EverBank vs Climate First Bank4.21%$50
EverBank vs Discover Bank3.40%$0
EverBank vs Elevault4.08%$0
EverBank vs Fitness Bank4.75%$100
EverBank vs FNBO Direct3.00%$1
EverBank vs Forbright Bank4.00%$0
EverBank vs FVCbank3.85%$500
EverBank vs GO2bank4.50%$0
EverBank vs Ivy Bank4.25%$2,500
EverBank vs LendingClub4.20%$0
EverBank vs Marcus by Goldman Sachs3.65%$0
EverBank vs Neighbors Bank4.50%$0
EverBank vs Newtek Bank4.35%$0.01
EverBank vs Openbank4.20%$500
EverBank vs Peak Bank4.20%$100
EverBank vs Pibank4.60%$0
EverBank vs PNC3.53%$0
EverBank vs Presidential Bank4.00%$5,000
EverBank vs Quontic Bank3.75%$100
EverBank vs Salem Five Direct3.71%$10
EverBank vs Santander Bank0.01%$25
EverBank vs SoFi Bank4.30%$0
EverBank vs TIMBR4.40%$1,000
EverBank vs UFB Direct3.71%$5000
EverBank vs Valley Direct4.10%$1,000
EverBank vs Varo Bank5.00%$0
EverBank vs Vio Bank4.16%$100
EverBank vs Wealthfront4.15%$0
EverBank vs Wells Fargo0.05%$25
EverBank vs Zynlo Bank4.05%$10
Compare Synchrony Bank's APY of 3.65% with other banks
Bank PairCompetitor APYMin Deposit
Synchrony Bank vs Ally Bank3.30%$0
Synchrony Bank vs American Express3.40%$0
Synchrony Bank vs Axos Bank4.31%$0
Synchrony Bank vs Bank of America0.01%$100
Synchrony Bank vs Barclays4.00%$0
Synchrony Bank vs Bask Bank3.90%$0
Synchrony Bank vs BMO Alto3.25%$0
Synchrony Bank vs BrioDirect4.00%$5,000
Synchrony Bank vs Capital One3.40%$0
Synchrony Bank vs Chase Bank0.01%$0
Synchrony Bank vs Chime3.50%$0
Synchrony Bank vs CIT Bank3.75%$100
Synchrony Bank vs Citibank3.30%$0
Synchrony Bank vs Citizens Access™3.35%$0.01
Synchrony Bank vs Climate First Bank4.21%$50
Synchrony Bank vs Discover Bank3.40%$0
Synchrony Bank vs Elevault4.08%$0
Synchrony Bank vs Fitness Bank4.75%$100
Synchrony Bank vs FNBO Direct3.00%$1
Synchrony Bank vs Forbright Bank4.00%$0
Synchrony Bank vs FVCbank3.85%$500
Synchrony Bank vs GO2bank4.50%$0
Synchrony Bank vs Ivy Bank4.25%$2,500
Synchrony Bank vs LendingClub4.20%$0
Synchrony Bank vs Marcus by Goldman Sachs3.65%$0
Synchrony Bank vs Neighbors Bank4.50%$0
Synchrony Bank vs Newtek Bank4.35%$0.01
Synchrony Bank vs Openbank4.20%$500
Synchrony Bank vs Peak Bank4.20%$100
Synchrony Bank vs Pibank4.60%$0
Synchrony Bank vs PNC3.53%$0
Synchrony Bank vs Presidential Bank4.00%$5,000
Synchrony Bank vs Quontic Bank3.75%$100
Synchrony Bank vs Salem Five Direct3.71%$10
Synchrony Bank vs Santander Bank0.01%$25
Synchrony Bank vs SoFi Bank4.30%$0
Synchrony Bank vs TIMBR4.40%$1,000
Synchrony Bank vs UFB Direct3.71%$5000
Synchrony Bank vs Valley Direct4.10%$1,000
Synchrony Bank vs Varo Bank5.00%$0
Synchrony Bank vs Vio Bank4.16%$100
Synchrony Bank vs Wealthfront4.15%$0
Synchrony Bank vs Wells Fargo0.05%$25
Synchrony Bank vs Zynlo Bank4.05%$10