EverBank vs. Valley Direct
Comparing EverBank and Valley Direct for high-yield savings: EverBank's Performance Savings pays 3.90% APY while Valley Direct's High-Yield Savings Account pays 4.00% APY (including a 12-month 0.60% promo boost).
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Valley Direct pays $10 more than EverBank annually ($400 vs $390).
Choose EverBank if you want a no-strings-attached account, or you want to avoid a promo rate with a scheduled drop. Choose Valley Direct if you value in-person banking.
Important Considerations
The key difference? Valley Direct's 4.00% rate includes a promotional bonus for the first 12 months, after which it reverts to the standard rate (currently 3.40%). EverBank's 3.90% rate has no scheduled drop, though all rates are subject to change.
| Metric | EverBankPerformance Savings Mar 7, 2026 | Valley DirectHigh-Yield Savings Account Mar 7, 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® SupportedDaily CompoundingRate Changes Often | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedDaily CompoundingRate Changes Often |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.15% APY.
Comparison Analysis
Comparing EverBank vs. Valley Direct
Executive Summary
Valley Direct offers a High-Yield Savings Account with a competitive APY of 4.00%, making it the winner in this comparison. However, this rate is available only to new customers, as existing customers earn a lower APY of 3.40%. In contrast, EverBank provides a Performance Savings account with an APY of 3.90%, which is accessible to all customers without any direct deposit requirement. Both accounts feature no maintenance fees and allow for daily compounding. While EverBank is an online-only bank, Valley Direct also provides a physical presence.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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.
Non-sponsored link to official site
Non-sponsored link to official site
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.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $389 per year in interest.
Both EverBank and Valley Direct dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | EverBank | Valley Direct |
|---|---|---|
| APY | 3.90% Verified: 3/7/2026 ↘︎ 0.15%90d Change | 4.00% Range: 3.40% - 4.00% Verified: 3/7/2026 ↘︎ 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 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Physical Branches | 11 locations in Florida and California | After opening online, your accounts can be serviced at one of the Valley branch locations in NJ, NY, FL and AL. |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| 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) | -4.4 | -3.3 |
Days Since Change | 78 | 85 |
12-Month High | 4.30% | 4.40% |
12-Month Low | 3.90% | 4.00% |
Adjustments / Mo | 0.16 | 0.58 |
Volatility Score | 0.041 | 0.032 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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More Comparisons
Compare EverBank's APY of 3.90% with other banks
Compare Valley Direct's APY of 4.00% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Valley Direct vs Ally Bank | 3.20% | $0 |
| Valley Direct vs American Express | 3.30% | $0 |
| Valley Direct vs Axos Bank | 4.21% | $0 |
| Valley Direct vs Bank of America | 0.01% | $100 |
| Valley Direct vs Barclays | 3.85% | $0 |
| Valley Direct vs Capital One | 3.30% | $0 |
| Valley Direct vs Chase Bank | 0.01% | $0 |
| Valley Direct vs Chime | 3.00% | $0 |
| Valley Direct vs CIT Bank | 3.75% | $100 |
| Valley Direct vs Citibank | 3.20% | $0 |
| Valley Direct vs Discover Bank | 3.30% | $0 |
| Valley Direct vs Marcus by Goldman Sachs | 3.65% | $0 |
| Valley Direct vs Newtek Bank | 4.20% | $0.01 |
| Valley Direct vs Openbank | 4.09% | $500 |
| Valley Direct vs Pibank | 4.60% | $0 |
| Valley Direct vs SoFi Bank | 4.00% | $0 |
| Valley Direct vs Synchrony Bank | 3.50% | $0 |
| Valley Direct vs Varo Bank | 5.00% | $0 |
| Valley Direct vs Wealthfront | 4.20% | $0 |
| Valley Direct vs Wells Fargo | 0.05% | $25 |