Chime vs. EverBank
Chime's Chime High-Yield Savings Account pays 3.75% APY while EverBank's Performance Savings pays 3.90% APY.
Note: Chime's Chime High-Yield Savings Account also needs a checking account.
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 $15 more than Chime annually ($390 vs $375).
Choose EverBank if getting the best rate matters most, you want a no-strings-attached account, or you want Zelle for quick transfers.
Important Considerations
Chime's Chime High-Yield Savings Account pays its top rate only if you also open a checking account with Chime, while EverBank's Performance Savings stands alone.
| Metric | ChimeChime High-Yield Savings Account Sep 7, 2026 | EverBankPerformance Savings Sep 5, 2026 |
|---|---|---|
| APY | 3.75% | 3.90% |
Earns in a year | $5,000+$188 $10,000+$375 $25,000+$938 | $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 AppDirect Deposit ReqChecking BundleDaily Compounding | 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.
Executive Summary
EverBank offers a Performance Savings account with a competitive APY of 3.90%, making it the winner in this comparison. This account does not require direct deposit and has no maintenance fees, providing a straightforward savings option. In contrast, Chime's High-Yield Savings Account offers a slightly lower APY of 3.75% but requires direct deposit and is available only online. Both accounts are nationally available and have daily compounding, but EverBank's account provides better returns without the need for bundling or specific deposit conditions.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Chime?
No distinct advantages found vs EverBank.
Why EverBank?
- Higher potential APY (3.90% vs 3.75%) on all balances
- No checking account or direct deposit required
- 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 $375/yr).
Better Returns at $25,000
EverBankEverBank's Performance Savings pulls ahead with larger amounts (approx. $975 vs $938/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 $15 more interest on a $10,000 balance than Chime's Chime 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
Chime vs. EverBank Savings Calculator
You earn $15 more with EverBank than Chime 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.
Chime
Chime High-Yield Savings Account
Savings Breakdown
- Interest Earned+$375.00(3.6%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,375.00
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 $370 a year in interest.
Both Chime and EverBank advertise far more than that typical branch-bank rate.
| Feature | Chime | EverBank |
|---|---|---|
| APY | 3.75% Observed: 9/7/2026 Stable over 90 days | 3.90% Observed: 9/5/2026 Stable over 90 days |
| Product Name | Chime High-Yield Savings Account | Performance Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0.01 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| In-Branch Access | No | No |
| Account Type | Online Only | Online Only |
| Physical Branches | Not reported | 43 (CA, FL, MO, NY) |
| Direct Deposit Req. | Required | None |
| Checking Bundle | Yes | 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 Chime Non-sponsored link to official site | Visit SiteVerify at EverBank Non-sponsored link to official site |
Compare Savings Rates Over Time
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