Betterment vs. EverBank
Betterment's Cash Reserve pays 4.00% 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 $46 more than Betterment annually ($390 vs $344).
Choose EverBank if getting the best rate matters most, or you want Zelle for quick transfers.
| Metric | BettermentCash Reserve Sep 7, 2026 | EverBankPerformance Savings Sep 5, 2026 |
|---|---|---|
| APY | 3.25% - 4.00% | 3.90% |
Earns in a year | $5,000+$172 $10,000+$344 $25,000+$859 | $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 App | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingStable Rate |
Prefer In-Person Banking?
Both of these institutions are online-only. If you need in-branch access, check out our list of savings accounts with brick-and-mortar locations.
Comparison Analysis
Comparing Betterment vs. EverBank
Executive Summary
Betterment offers a Cash Reserve account with a promotional APY of 4.00% for the first three months on deposits of $10 or more, making it a strong choice for savers seeking a higher yield. In comparison, EverBank's Performance Savings account provides a steady APY of 3.90% on all balances, also requiring no minimum deposit. Both accounts are online-only and do not require direct deposit. However, EverBank's account may yield better returns for larger deposits, as indicated by its performance at $10,000 and $25,000 balances. Overall, Betterment's higher promotional rate positions it as the winner.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Betterment?
No distinct advantages found vs EverBank.
Why EverBank?
- Physical branch access (11 locations in Florida and California)
- Fast transfers via Zelle®
Key Feature Differences
Better Returns at $10,000
EverBankEverBank's Performance Savings earns more on smaller deposits (approx. $390 vs $344/yr).
Better Returns at $25,000
EverBankEverBank's Performance Savings pulls ahead with larger amounts (approx. $975 vs $859/yr).
Shared Benefits
Over a 1-year period, EverBank's Performance Savings pays $46 more interest on a $10,000 balance than Betterment's Cash Reserve.
*This comparison accounts for Betterment'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
Betterment vs. EverBank Savings Calculator
You earn $44.9 more with EverBank than Betterment 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.
Betterment
Cash Reserve
Savings Breakdown
- Interest Earned+$345.10(3.3%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,345.10
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 $339 a year in interest.
Both Betterment and EverBank advertise far more than that typical branch-bank rate.
| Feature | Betterment | EverBank |
|---|---|---|
| APY | 4.00% Range: 3.25% - 4.00% Observed: 9/7/2026 Stable over 90 days | 3.90% Observed: 9/5/2026 Stable over 90 days |
| Product Name | Cash Reserve | Performance Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | N/A | Daily |
| In-Branch Access | No | No |
| Account Type | Online Only | Online Only |
| Physical Branches | Not reported | 43 (CA, FL, MO, NY) |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC or NCUA Insured | Yes | YesVerify FDIC |
| Zelle® Support | Not Supported | Available Native integration verified. |
| BBB Rating | A | A+ |
| Next Steps | Visit SiteVerify at Betterment Non-sponsored link to official site | Visit SiteVerify at EverBank Non-sponsored link to official site |
Compare Savings Rates Over Time
Historical Performance
| Metric | Betterment |
|---|---|
| Cash Reserve | |
Current APY | 4.00% |
Trend | Stable |
Speed of change | 0.02 |
Days Since Change | 132 |
7-Month High | 4.00% |
7-Month Low | 3.90% |
Changes per month | 0.13 |
Steadiness | 0.013 |
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 226-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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More Comparisons
Compare Betterment's APY of 4.00% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Betterment vs Ally Bank | 3.00% | $0 |
| Betterment vs American Express | 3.00% | $0 |
| Betterment vs Axos Bank | 4.21% | $0 |
| Betterment vs Barclays | 3.65% | $0 |
| Betterment vs Capital One | 3.50% | $0 |
| Betterment vs Chime | 3.75% | $0 |
| Betterment vs CIT Bank | 3.75% | $100 |
| Betterment vs Marcus by Goldman Sachs | 3.40% | $0 |
| Betterment vs Newtek Bank | 4.20% | $100 |
| Betterment vs Openbank | 3.80% | $500 |
| Betterment vs Pibank | 4.10% | $0 |
| Betterment vs SoFi Bank | 4.00% | $0 |
| Betterment vs Synchrony Bank | 3.30% | $0 |
| Betterment vs Varo Bank | 3.75% | $0 |
| Betterment vs Wealthfront | 3.95% | $0 |