EverBank vs. Ivy Bank
EverBank edges out Ivy Bank slightly at 3.90% vs 3.85% APY. On a $10,000 balance, the difference is just $5 per year, so other factors may matter more.
The Bottom Line
The EverBank and Ivy Bank savings accounts are very similar. Choose EverBank if you're an Android user (no Android app for Ivy Bank), or you want Zelle for quick transfers.
| Metric | EverBankPerformance Savings Sep 4, 2026 | Ivy BankHigh-Yield Savings Account Sep 4, 2026 |
|---|---|---|
| APY | 3.90% | 3.85% |
Earns in a year | $5,000+$195 $10,000+$390 $25,000+$975 | $5,000+$193 $10,000+$385 $25,000+$963 |
Min. Deposit | $0 | $2,500 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingStable Rate | FDIC InsuredMod. MinimumGreat iOS AppDaily CompoundingRate Changes Often |
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 top choice between the two banks. This account requires no minimum deposit or balance, and there are no maintenance fees, making it accessible for a wide range of customers. In comparison, Ivy Bank's High-Yield Savings Account has a slightly lower APY of 3.85%, but it does require a minimum deposit and balance of $250,000. Both banks provide online-only services and do not require direct deposit for their savings accounts.
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?
- Physical branch access (11 locations in Florida and California)
- Higher rated Android app (4.8 vs 0.0)
- Fast transfers via Zelle®
Why Ivy Bank?
No distinct advantages found vs EverBank.
Key Feature Differences
Better Mobile App Experience
EverBankEverBank offers an iOS app rated 4.8 (vs. 4.6) and Android app rated 4.8 (vs. 0.0)
Shared Benefits
Over a 1-year period, EverBank's Performance Savings pays $5 more interest on a $10,000 balance than Ivy Bank'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
EverBank vs. Ivy Bank Savings Calculator
You earn $5 more with EverBank than Ivy Bank 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
Ivy Bank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$385.00(3.7%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,385.00
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 $380 a year in interest.
Both EverBank and Ivy Bank advertise far more than that typical branch-bank rate.
| Feature | EverBank | Ivy Bank |
|---|---|---|
| APY | 3.90% Observed: 9/4/2026 Stable over 90 days | 3.85% Observed: 9/4/2026 Stable over 90 days |
| Product Name | Performance Savings | High-Yield Savings Account |
| Minimum Deposit | $0 | $2,500 |
| Min. Balance for APY | $0 | $2,500 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| 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. | Not Supported |
| BBB Rating | A+ | A- |
| Next Steps | Visit SiteVerify at EverBank Non-sponsored link to official site | Visit SiteVerify at Ivy Bank Non-sponsored link to official site |
Compare Savings Rates Over Time
Historical Performance
| Metric | EverBank | Ivy Bank |
|---|---|---|
| Performance Savings | High-Yield Savings Account | |
Current APY | 3.90% | 3.85% |
Trend | Stable | Stable |
Speed of change | -0.03 | -0.06 |
Days Since Change | 259 | 198 |
10-Month High | 4.05% | 4.25% |
10-Month Low | 3.90% | 3.85% |
Changes per month | 0.10 | 0.31 |
Steadiness | 0.019 | 0.024 |
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 295-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.
Compare Similar High-Yield Accounts
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Comparing against Standard Savings
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Comparing against Standard Savings
High Rates (With Checking Bundle)
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More Comparisons
Compare EverBank's APY of 3.90% with other banks
Compare Ivy Bank's APY of 3.85% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Ivy Bank vs Ally Bank | 3.00% | $0 |
| Ivy Bank vs American Express | 3.00% | $0 |
| Ivy Bank vs Axos Bank | 4.21% | $0 |
| Ivy Bank vs Barclays | 3.65% | $0 |
| Ivy Bank vs Capital One | 3.50% | $0 |
| Ivy Bank vs Chime | 3.75% | $0 |
| Ivy Bank vs CIT Bank | 3.75% | $100 |
| Ivy Bank vs Marcus by Goldman Sachs | 3.40% | $0 |
| Ivy Bank vs Newtek Bank | 4.20% | $100 |
| Ivy Bank vs Openbank | 3.80% | $500 |
| Ivy Bank vs Pibank | 4.10% | $0 |
| Ivy Bank vs SoFi Bank | 4.00% | $0 |
| Ivy Bank vs Synchrony Bank | 3.30% | $0 |
| Ivy Bank vs Varo Bank | 3.75% | $0 |
| Ivy Bank vs Wealthfront | 3.95% | $0 |