EverBank vs. FNBO Direct
EverBank's Performance Savings pays 3.90% APY while FNBO Direct's High-Yield Online Savings Account pays 3.00% 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 FNBO Direct annually ($390 vs $300).
Choose EverBank if getting the best rate matters most.
| Metric | EverBankPerformance Savings Sep 11, 2026 | FNBO DirectHigh-Yield Online Savings Account Sep 11, 2026 |
|---|---|---|
| APY | 3.90% | 3.00% |
Earns in a year | $5,000+$195 $10,000+$390 $25,000+$975 | $5,000+$150 $10,000+$300 $25,000+$750 |
Min. Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingStable Rate | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedStable 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 EverBank vs. FNBO Direct
Executive Summary
EverBank offers a Performance Savings account with a competitive APY of 3.90%, which is higher than FNBO Direct's High-Yield Online Savings Account that provides a 3.00% APY. EverBank's account requires no minimum deposit or balance and does not mandate direct deposit, making it a straightforward option for savers. In contrast, FNBO Direct's account also has no minimum deposit but requires a minimum balance of $1. Additionally, FNBO Direct offers a higher-yield Online Money Market Account with an APY of 3.55%, but the Performance Savings account remains the standout choice for its simplicity and superior rate.
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?
- Higher potential APY (3.90% vs 3.00%) on all balances
- Physical branch access (11 locations in Florida and California)
Why FNBO Direct?
No distinct advantages found vs EverBank.
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.
Better Mobile App Experience
EverBankEverBank offers an iOS app rated 4.8 (vs. 4.6) and Android app rated 4.8 (vs. 4.7)
Shared Benefits
Over a 1-year period, EverBank's Performance Savings pays $90 more interest on a $10,000 balance than FNBO Direct's High-Yield Online 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
EverBank vs. FNBO Direct Savings Calculator
You earn $90 more with EverBank than FNBO Direct 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
FNBO Direct
High-Yield Online Savings Account
Savings Breakdown
- Interest Earned+$300.00(2.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,300.00
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 EverBank and FNBO Direct advertise far more than that typical branch-bank rate.
| Feature | EverBank | FNBO Direct |
|---|---|---|
| APY | 3.90% Observed: 9/11/2026 Stable over 90 days | 3.00% Observed: 9/11/2026 Stable over 90 days |
| Product Name | Performance Savings | High-Yield Online Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0.01 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Monthly |
| In-Branch Access | No | No |
| Account Type | Online Only | Online Only |
| Physical Branches | 43 (CA, FL, MO, NY) | Not reported |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC or NCUA Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Native integration verified. | Available Online division fully supports Zelle. |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at EverBank Non-sponsored link to official site | Visit SiteVerify at FNBO Direct Non-sponsored link to official site |
Compare Savings Rates Over Time
Historical Performance
| Metric | EverBank | FNBO Direct |
|---|---|---|
| Performance Savings | High-Yield Online Savings Account | |
Current APY | 3.90% | 3.00% |
Trend | Stable | Stable |
Speed of change | -0.04 | -0.03 |
Days Since Change | 266 | 343 |
12-Month High | 4.30% | 3.25% |
12-Month Low | 3.90% | 3.00% |
Changes per month | 0.16 | 0.08 |
Steadiness | 0.021 | 0.026 |
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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More Comparisons
Compare EverBank's APY of 3.90% with other banks
Compare FNBO Direct's APY of 3.00% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| FNBO Direct vs Ally Bank | 3.00% | $0 |
| FNBO Direct vs American Express | 3.00% | $0 |
| FNBO Direct vs Axos Bank | 4.21% | $0 |
| FNBO Direct vs Barclays | 3.65% | $0 |
| FNBO Direct vs Capital One | 3.50% | $0 |
| FNBO Direct vs Chime | 3.75% | $0 |
| FNBO Direct vs CIT Bank | 3.75% | $100 |
| FNBO Direct vs Marcus by Goldman Sachs | 3.40% | $0 |
| FNBO Direct vs Newtek Bank | 4.20% | $100 |
| FNBO Direct vs Openbank | 3.80% | $500 |
| FNBO Direct vs Pibank | 4.10% | $0 |
| FNBO Direct vs SoFi Bank | 4.00% | $0 |
| FNBO Direct vs Synchrony Bank | 3.30% | $0 |
| FNBO Direct vs Varo Bank | 3.75% | $0 |
| FNBO Direct vs Wealthfront | 3.95% | $0 |