EverBank vs. Valley Direct
Compare rates, requirements, and features side-by-side to find the best option for you.
EverBank
Performance Savings
4.05%APYDec 6, 2025FDIC InsuredNo MinimumsShow Fine Print & Trends Hide Details
EverBank
Performance Savings
Valley Direct
High-Yield Savings Account
Up to4.10%APYDec 6, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppRange: 3.50% – 4.10%Show Fine Print & Trends Hide Details
Valley Direct
High-Yield Savings Account
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.
Comparison Analysis
Comparing EverBank vs. Valley Direct
Why EverBank?
- ✓Physical branch access (11 locations in Florida and California)
- ✓Available to New & Existing Customers
Why Valley Direct?
- ✓Higher rated iOS app (4.8 vs 2.3)
- ✓Higher rated Android app (4.5 vs 1.4)
— Key Feature Differences —
Best Mobile App Experience
Valley DirectValley Direct offers an iOS app rated 4.8 (vs. 2.3) and Android app rated 4.5 (vs. 1.4)
Shared Benefits
Over a 1-year period, Valley Direct's High-Yield Savings Account pays $5 more interest on a $10,000 balance than EverBank's Performance Savings.
Executive Summary
EverBank offers a Performance Savings account with a competitive APY of 4.05%, with no minimum deposit or maintenance fees, and is available online only. In comparison, Valley Direct features a High-Yield Savings Account with a slightly higher APY of 4.10%, but this rate is limited to new customers; existing customers receive a lower rate of 3.50%. Both banks provide FDIC insurance and have no direct deposit requirements. While Valley Direct boasts a superior mobile app experience, EverBank's account is accessible to all customers without restrictions.
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 Valley Direct.
| Feature | EverBank | Valley Direct |
|---|---|---|
| APY | 4.05% Verified: 12/6/2025 ↘︎ 0.25%90d Change | 4.10% Range: 3.50% - 4.10% Verified: 12/6/2025 ↘︎ 0.20%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 | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS2.3 Android1.4 | iOS4.8 Android4.5 |
| BBB Rating | A+ | A+ |
| Important Notes | - | Promo rate for new customers. 3.50% APY applies to existing customers. |
| Next Steps |
Savings Comparison
Valley Direct earns $32.4 more than EverBank.
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
Valley Direct
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$2,499.40(12.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,499.40
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | EverBank | Valley Direct |
|---|---|---|
| Performance Savings | High-Yield Savings Account | |
Current APY | 4.05% | 4.10% |
Trend | Stable | Stable |
Velocity (bps/mo) | -2.8 | 1.9 |
Days Since Change | 78 | 71 |
12-Month High | 4.75% | 4.55% |
12-Month Low | 4.05% | 3.75% |
Adjustments / Mo | 0.25 | 0.68 |
Volatility Score | 0.028 | 0.049 |
How to read these metrics(Click to expand)
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