American Express vs. EverBank
American Express's High Yield Savings Account pays 3.00% APY while EverBank's Performance Savings pays 3.90% APY.
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 $90 more than American Express annually ($390 vs $300).
Choose EverBank if getting the best rate matters most, or BBB rating matters to you.
| Metric | American ExpressHigh Yield Savings Account Sep 11, 2026 | EverBankPerformance Savings Sep 11, 2026 |
|---|---|---|
| APY | 3.00% | 3.90% |
Earns in a year | $5,000+$150 $10,000+$300 $25,000+$750 | $5,000+$195 $10,000+$390 $25,000+$975 |
Min. Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingStable Rate |
Market Reality Check
Both of these institutions offer rates below the top 10 savings and money market accounts we track. Those institutions all pay at least 4.01% APY.
Comparison Analysis
Comparing American Express vs. EverBank
Executive Summary
EverBank offers a Performance Savings account with a competitive APY of 3.90%, making it the higher-yield option compared to American Express's High Yield Savings Account, which has an APY of 3.00%. EverBank's account is appealing for its simplicity, with no direct deposit requirements or maintenance fees, and it is available online to residents in California, Florida, Missouri, and New York. In contrast, American Express's account is also online-only and has a $0 minimum deposit, but it yields less. Both accounts compound interest daily and are FDIC insured.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why American Express?
No distinct advantages found vs EverBank.
Why EverBank?
- Higher potential APY (3.90% vs 3.00%) on all balances
- Physical branch access (11 locations in Florida and California)
Key Feature Differences
Better Returns at $10,000
EverBankEverBank's Performance Savings earns more on smaller deposits (approx. $390 vs $300/yr).
Better Returns at $25,000
EverBankEverBank's Performance Savings pulls ahead with larger amounts (approx. $975 vs $750/yr).
Better for Simplicity
EverBankEverBank's Performance Savings offers 3.90% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, EverBank's Performance Savings pays $90 more interest on a $10,000 balance than American Express's High Yield Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
American Express vs. EverBank Savings Calculator
You earn $90 more with EverBank than American Express 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.
American Express
High Yield Savings Account
Savings Breakdown
- Interest Earned+$300.00(2.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,300.00
EverBank
Performance Savings
Savings Breakdown
- Interest Earned+$390.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,390.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still at a large branch bank?
A typical branch-bank savings rate is 0.05% APY. On a $10,000 balance, the gap to these two banks is at least $295 a year in interest.
Both American Express and EverBank advertise far more than that typical branch-bank rate.
| Feature | American Express | EverBank |
|---|---|---|
| APY | 3.00% Observed: 9/11/2026 0.10%90-day change | 3.90% Observed: 9/11/2026 Stable over 90 days |
| Product Name | High Yield Savings Account | Performance Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| In-Branch Access | No | No |
| Account Type | Online Only | Online Only |
| Physical Branches | 1 (UT) | 43 (CA, FL, MO, NY) |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC or NCUA Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Requires Amex Rewards Checking; not available for standalone HYSA. | Available Native integration verified. |
| BBB Rating | F | A+ |
| Next Steps | Visit SiteVerify at American Express Non-sponsored link to official site | Visit SiteVerify at EverBank Non-sponsored link to official site |
Compare Savings Rates Over Time
Historical Performance
| Metric | American Express | EverBank |
|---|---|---|
| High Yield Savings Account | Performance Savings | |
Current APY | 3.00% | 3.90% |
Trend | Stable | Stable |
Speed of change | -0.05 | -0.04 |
Days Since Change | 63 | 266 |
12-Month High | 3.50% | 4.30% |
12-Month Low | 3.00% | 3.90% |
Changes per month | 0.41 | 0.16 |
Steadiness | 0.030 | 0.021 |
How to read these metrics(Click to expand)
Trends and speed
- Trend: The general direction of the rate over the analyzed period. Useful for seeing whether a bank is raising its rate or letting it slip.
- Speed of change: How fast the rate moves. A high positive number means they raise rates quickly. A reading of 0.10 is a tenth of a percentage point each month.
- Changes per month: How often the rate moves. A high number means it changes constantly; a low number means it holds.
Risk & Range
- High/Low: The absolute ceiling and floor of the rate during the 364-day window.
- Steadiness: How far the rate swings around its average. A lower score means a steadier, more predictable rate.
- Days Since Change: A high number, for example above 90, means the rate rarely moves. A low number means it changed recently.
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High Rates (With Checking Bundle)
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