EverBank vs. Wealthfront
Comparing EverBank and Wealthfront for high-yield savings: EverBank's Performance Savings pays 3.90% APY while Wealthfront's Cash Account pays 4.20% APY (including a 3-month 0.90% 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? EverBank pays $38 more than Wealthfront annually ($390 vs $353).
Choose EverBank if getting the best rate matters most, you want a no-strings-attached account, you want to avoid a promo rate with a scheduled drop, BBB rating matters to you, or you want Zelle for quick transfers.
Important Considerations
The key difference? Wealthfront's 4.20% rate includes a promotional bonus for the first 3 months, after which it reverts to the standard rate (currently 3.30%). EverBank's 3.90% rate has no scheduled drop, though all rates are subject to change.
| Metric | EverBankPerformance Savings Apr 8, 2026 | WealthfrontCash Account Apr 8, 2026 |
|---|---|---|
| APY | 3.90% | 3.30% - 4.20% |
Est. Earnings | $5,000+$195 $10,000+$390 $25,000+$975 | $5,000+$176 $10,000+$353 $25,000+$881 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | - | Wealthfront is not a bank but a financial services company. It is FDIC-insured through its many partner banks. New customers may earn the top rate of 4.20% for 3 months with direct deposit. See terms at Wealthfront. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDaily CompoundingRate Changes Often |
Prefer In-Person Banking?
Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
Comparison Analysis
Comparing EverBank vs. Wealthfront
Executive Summary
Wealthfront's Cash Account leads with a competitive APY of 4.20%, making it an attractive option for savers looking for simplicity and no direct deposit requirements. This account is online-only and FDIC-insured through partner banks. In comparison, EverBank's Performance Savings offers a lower APY of 3.90%, but it also has no maintenance fees and allows for daily compounding. Both accounts require no minimum deposit or balance, making them accessible options. However, Wealthfront's higher APY positions it as the preferred choice for those seeking better returns.
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)
- ✓Fast transfers via Zelle®
Why Wealthfront?
- ✓Higher potential APY (4.20% vs 3.90%) for a duration of 3 months
— Key Feature Differences —
Better Returns at $10,000
EverBankEverBank's Performance Savings earns more on smaller deposits (approx. $390 vs $353/yr).
Better Returns at $25,000
EverBankEverBank's Performance Savings pulls ahead with larger amounts (approx. $975 vs $881/yr).
Best for Simplicity
WealthfrontWealthfront's Cash Account offers 4.20% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, EverBank's Performance Savings pays $38 more interest on a $10,000 balance than Wealthfront's Cash Account.
*This comparison accounts for Wealthfront's introductory promotional rate, yet EverBank's standard rate still yields a higher 1-year return.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
EverBank vs. Wealthfront Savings Calculator
You earn $35.8 more with EverBank than Wealthfront 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
Wealthfront
Cash Account
Promo Rate: 4.20% for 3 months, then 3.30%.
Savings Breakdown
- Interest Earned+$354.20(3.4%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,354.20
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 $352 per year in interest.
Both EverBank and Wealthfront dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | EverBank | Wealthfront |
|---|---|---|
| APY | 3.90% Verified: 4/8/2026 Stable (90d) | 4.20% Range: 3.30% - 4.20% Verified: 4/8/2026 ↗︎ 0.30%90d Change |
| Product Name | Performance Savings | Cash Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | 11 locations in Florida and California | None |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | Yes |
| Zelle® Support | Available Native integration verified. | Not Supported |
| BBB Rating | A+ | F |
| Important Notes | - | Wealthfront is not a bank but a financial services company. It is FDIC-insured through its many partner banks. New customers may earn the top rate of 4.20% for 3 months with direct deposit. See terms at Wealthfront. |
| Next Steps | Visit SiteVerify at EverBank Non-sponsored link to official site | Visit SiteVerify at Wealthfront Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | EverBank | Wealthfront |
|---|---|---|
| Performance Savings | Cash Account | |
Current APY | 3.90% | 4.20% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.4 | 1.6 |
Days Since Change | 110 | 34 |
5-Month High | 4.05% | 4.20% |
5-Month Low | 3.90% | 3.90% |
Adjustments / Mo | 0.21 | 0.62 |
Volatility Score | 0.016 | 0.032 |
How to read these metrics(Click to expand)
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