EverBank vs. Forbright Bank
Forbright Bank edges out EverBank slightly at 4.15% vs 3.90% APY. On a $10,000 balance, the difference is just $5 per year, so other factors may matter more.
| Metric | EverBankPerformance Savings Aug 20, 2026 | Forbright BankGrowth Savings Aug 21, 2026 |
|---|---|---|
| APY | 3.90% | 3.85% - 4.15% |
Est. Earnings | $5,000+$195 $10,000+$390 $25,000+$975 | $5,000+$193 $10,000+$385 $25,000+$963 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | - | Limited offer: The stated APY includes a temporary 0.30% APY boost for new customers. Only people who never had a Forbright Bank Growth Savings or Growth CD account can get the boost. The account must be opened online, and a one-time balance of $1,000 must be reached by 08/31/2026. The boost ends on 12/31/2026, and a lower APY applies after that. Existing customers get the standard APY. See terms at Forbright Bank. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingStable Rate | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often |
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 EverBank vs. Forbright Bank
Executive Summary
A detailed summary for this comparison is being prepared. Check back soon.
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?
No distinct advantages found vs Forbright Bank.
Why Forbright Bank?
- ✓Higher potential APY (3.46%-4.15% vs 3.90%)
- ✓Offers 4 different high-yield savings options
Key Feature Differences
Best for Simplicity
Forbright BankForbright Bank's Growth Savings offers 4.15% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, EverBank's Performance Savings pays $5 more interest on a $10,000 balance than Forbright Bank's Growth Savings.
*This comparison accounts for Forbright Bank'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. Forbright Bank Savings Calculator
You earn $25 more with Forbright Bank than EverBank 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
Forbright Bank
Growth Savings
Savings Breakdown
- Interest Earned+$415.00(4.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,415.00
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 $384 per year in interest.
Both EverBank and Forbright Bank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | EverBank | Forbright Bank |
|---|---|---|
| APY | 3.90% Verified: 8/20/2026 - | 4.15% Range: 3.85% - 4.15% Verified: 8/21/2026 - |
| Product Name | Performance Savings | Growth 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 | 11 locations in Florida and California | Locations in the Washington D.C. area (Maryland and Virginia) |
| 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 Branch accounts only; Growth Savings online does NOT support. |
| BBB Rating | A+ | A+ |
| Important Notes | - | Limited offer: The stated APY includes a temporary 0.30% APY boost for new customers. Only people who never had a Forbright Bank Growth Savings or Growth CD account can get the boost. The account must be opened online, and a one-time balance of $1,000 must be reached by 08/31/2026. The boost ends on 12/31/2026, and a lower APY applies after that. Existing customers get the standard APY. See terms at Forbright Bank. |
| Next Steps | Visit SiteVerify at EverBank Non-sponsored link to official site | Visit SiteVerify at Forbright Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | EverBank | Forbright Bank | |||
|---|---|---|---|---|---|
| Performance Savings | Bright Business Savings | Growth Savings | Bright Savings | Sprout Savings | |
Current APY | 3.90% | 3.46% | 4.15% | 3.46% | 3.46% |
Trend | Stable | Stable | Stable | Stable | Stable |
Velocity (bps/mo) | -5.9 | 0.2 | -4.4 | -5.3 | -5.3 |
Days Since Change | 245 | 127 | 67 | 127 | 127 |
12-Month High | 4.30% | 3.46% | 4.25% | 3.90% | 3.90% |
12-Month Low | 3.90% | 3.45% | 3.85% | 3.45% | 3.45% |
Adjustments / Mo | 0.17 | 0.08 | 0.25 | 0.25 | 0.25 |
Volatility Score | 0.030 | 0.001 | 0.030 | 0.035 | 0.035 |
How to read these metrics(Click to expand)
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More Comparisons
Compare EverBank's APY of 3.90% with other banks
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|---|---|---|
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