EverBank vs. Valley Direct
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | EverBankPerformance Savings Jan 21, 2026 | Valley DirectHigh-Yield Savings Account Jan 21, 2026 |
|---|---|---|
| APY | 3.90% | 3.40% - 4.00% |
Est. Earnings | $5,000+$195 $10,000+$390 $25,000+$975 | $5,000+$200 $10,000+$400 $25,000+$1,000 |
Min Deposit | $0 | $1,000 |
Snapshot view. Rates subject to change. | ||
Terms | - | Promo rate for new customers. 3.40% APY applies to existing customers. |
| 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. Valley Direct
As of EverBank offers an APY of 3.90% for its Performance Savings account, with a minimum balance of $0, compared to Valley Direct's 4.00% APY for its High-Yield Savings Account, with a minimum balance of $0.01.
Valley Direct pays $10 more than EverBank on a $10,000 balance after one year. EverBank pays $390, while Valley Direct pays $400 - an APY advantage for Valley Direct.
Why EverBank?
- ✓Physical branch access (11 locations in Florida and California)
- ✓Available to New & Existing Customers
Why Valley Direct?
No distinct advantages found vs EverBank.
Shared Benefits
Over a 1-year period (factoring in a 12-month promo), Valley Direct's High-Yield Savings Account pays $10 more interest on a $10,000 balance than EverBank's Performance Savings.
*Valley Direct's calculation includes their 12-month introductory promotional rate and subsequent standard rate.
Executive Summary as of
Valley Direct offers a High-Yield Savings Account with a competitive APY of 4.00%, making it the winner in this comparison. This account requires a minimum deposit of $1,000 and is available to new customers only; existing customers will receive a lower rate of 3.40%. In contrast, EverBank provides a Performance Savings account with an APY of 3.90% and no minimum deposit requirement, but it is an online-only product. Both banks have no maintenance fees and offer daily compounding, making them appealing options for savers.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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Top Market Contenders
EverBank vs. Valley Direct Savings Calculator
You earn $10 more with Valley Direct than EverBank 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
Valley Direct
High-Yield Savings Account
Promo Rate: 4.00% for 12 months, then 3.40%.
Savings Breakdown
- Interest Earned+$400.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,400.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | EverBank | Valley Direct |
|---|---|---|
| APY | 3.90% Verified: 1/21/2026 ↘︎ 0.15%90d Change | 4.00% Range: 3.40% - 4.00% Verified: 1/21/2026 ↘︎ 0.10%90d Change |
| Product Name | Performance Savings | High-Yield Savings Account |
| Minimum Deposit | $0 | $1,000 |
| Min. Balance for APY | $0 | $0.01 |
| Monthly Fee | $0 | $0 |
| 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 Android4.6 |
| Zelle® Support | Available Native integration verified. | Available Allows Zelle directly on HYSA. |
| BBB Rating | A+ | A+ |
| Important Notes | - | Promo rate for new customers. 3.40% APY applies to existing customers. |
| Next Steps | Visit SiteVerify at EverBank Non-sponsored link to official site | Visit SiteVerify at Valley Direct Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | EverBank | Valley Direct |
|---|---|---|
| Performance Savings | High-Yield Savings Account | |
Current APY | 3.90% | 4.00% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.5 | -0.2 |
Days Since Change | 33 | 40 |
12-Month High | 4.30% | 4.40% |
12-Month Low | 3.90% | 3.75% |
Adjustments / Mo | 0.16 | 0.66 |
Volatility Score | 0.036 | 0.044 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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