EverBank vs. Upgrade
Compare rates, requirements, and features side-by-side to find the best option for you.
EverBank
Performance Savings
4.05%APYDec 10, 2025FDIC InsuredNo MinimumsShow Fine Print & Trends Hide Details
EverBank
Performance Savings
Upgrade
Premier Savings
3.05%APYDec 10, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Upgrade
Premier Savings
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.
EverBank vs. Upgrade Savings Calculator
EverBank earns $637.4 more than Upgrade.
EverBank
Performance Savings
Savings Breakdown
- Interest Earned+$2,467.00(12.1%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,467.00
Upgrade
Premier Savings
Savings Breakdown
- Interest Earned+$1,829.60(9.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$19,829.60
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing EverBank vs. Upgrade
Why EverBank?
- ✓Higher potential APY (4.05% vs 3.05%) on all balances
- ✓Physical branch access (11 locations in Florida and California)
Why Upgrade?
- ✓Higher rated iOS app (4.9 vs 2.3)
- ✓Higher rated Android app (4.5 vs 1.4)
— Key Feature Differences —
Better Returns at $10,000
EverBankEverBank's Performance Savings earns more on smaller deposits (approx. $405 vs $305/yr).
Better Returns at $25,000
EverBankEverBank's Performance Savings pulls ahead with larger amounts (approx. $1013 vs $763/yr).
Best for Simplicity
EverBankEverBank's Performance Savings offers 4.05% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
UpgradeUpgrade offers an iOS app rated 4.9 (vs. 2.3) and Android app rated 4.5 (vs. 1.4)
Shared Benefits
Over a 1-year period, EverBank's Performance Savings pays $100 more interest on a $10,000 balance than Upgrade's Premier Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary
EverBank offers a competitive Performance Savings account with an APY of 4.05%, making it a strong choice for savers. This account requires no minimum deposit or balance, and there are no maintenance fees or direct deposit requirements, making it simple to manage. In contrast, Upgrade's Premier Savings account provides a lower APY of 3.05% and requires a minimum balance of $1,000. While Upgrade is noted for its superior mobile app experience, EverBank stands out for its higher interest rates and straightforward terms, making it the better option for those prioritizing savings returns.
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.
Top Market Contenders
See who beats both EverBank and Upgrade.
| Feature | EverBank | Upgrade |
|---|---|---|
| APY | 4.05% Verified: 12/10/2025 ↘︎ 0.25%90d Change | 3.05% Verified: 12/10/2025 ↘︎ 0.97%90d Change |
| Product Name | Performance Savings | Premier Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $1,000 |
| 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 | iOS2.3 Android1.4 | iOS4.9 Android4.5 |
| BBB Rating | A+ | A+ |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | EverBank | Upgrade |
|---|---|---|
| Performance Savings | Premier Savings | |
Current APY | 4.05% | 3.05% |
Trend | Stable | Stable |
Velocity (bps/mo) | -2.8 | -10.4 |
Days Since Change | 82 | 39 |
11-Month High | 4.30% | 4.14% |
11-Month Low | 4.05% | 3.05% |
Adjustments / Mo | 0.09 | 0.28 |
Volatility Score | 0.027 | 0.105 |
How to read these metrics(Click to expand)
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