EverBank vs. Happen Bank
EverBank's Performance Savings pays 3.90% APY while Happen Bank's LevelUp Savings pays 4.00% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Happen Bank pays $10 more than EverBank annually ($400 vs $390).
Choose EverBank if you want Zelle for quick transfers.
| Metric | EverBankPerformance Savings Sep 11, 2026 | Happen BankLevelUp Savings Sep 11, 2026 |
|---|---|---|
| APY | 3.90% | 4.00% |
Earns in a year | $5,000+$195 $10,000+$390 $25,000+$975 | $5,000+$200 $10,000+$400 $25,000+$1,000 |
Min. Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | - | The advertised "LevelUp Rate" APY is only available if you deposit $250+ into the account each month. Otherwise the "Standard Rate" applies. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingStable Rate | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDaily 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 EverBank vs. Happen Bank
Executive Summary
Happen Bank offers the LevelUp Savings account with a competitive APY of 4.00%, requiring a monthly deposit of $250 or more to obtain this rate. In contrast, EverBank's Performance Savings account provides a slightly lower APY of 3.90% with no deposit requirements. Both accounts are online-only and have no maintenance fees, making them accessible to customers in various states. However, Happen Bank's higher APY makes it the preferred choice for savers looking to maximize their interest earnings.
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)
- Fast transfers via Zelle®
Why Happen Bank?
No distinct advantages found vs EverBank.
Shared Benefits
Over a 1-year period, Happen Bank's LevelUp Savings pays $10 more interest on a $10,000 balance than EverBank's Performance Savings.
*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. Happen Bank Savings Calculator
You earn $10 more with Happen 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
Happen Bank
LevelUp Savings
Savings Breakdown
- Interest Earned+$400.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,400.00
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 $385 a year in interest.
Both EverBank and Happen Bank advertise far more than that typical branch-bank rate.
| Feature | EverBank | Happen Bank |
|---|---|---|
| APY | 3.90% Observed: 9/11/2026 Stable over 90 days | 4.00% Observed: 9/11/2026 Stable over 90 days |
| Product Name | Performance Savings | LevelUp 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 | 43 (CA, FL, MO, NY) | 3 (CA, MA, UT) |
| 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+ |
| Important Notes | - | The advertised "LevelUp Rate" APY is only available if you deposit $250+ into the account each month. Otherwise the "Standard Rate" applies. |
| Next Steps | Visit SiteVerify at EverBank Non-sponsored link to official site | Visit SiteVerify at Happen Bank Non-sponsored link to official site |
Compare Savings Rates Over Time
Historical Performance
| Metric | EverBank | Happen Bank |
|---|---|---|
| Performance Savings | LevelUp Savings | |
Current APY | 3.90% | 4.00% |
Trend | Stable | Stable |
Speed of change | -0.04 | -0.04 |
Days Since Change | 266 | 273 |
12-Month High | 4.30% | 4.20% |
12-Month Low | 3.90% | 4.00% |
Changes per month | 0.16 | 0.08 |
Steadiness | 0.021 | 0.023 |
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 Happen Bank's APY of 4.00% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Happen Bank vs Ally Bank | 3.00% | $0 |
| Happen Bank vs American Express | 3.00% | $0 |
| Happen Bank vs Axos Bank | 4.21% | $0 |
| Happen Bank vs Barclays | 3.65% | $0 |
| Happen Bank vs Capital One | 3.50% | $0 |
| Happen Bank vs Chime | 3.75% | $0 |
| Happen Bank vs CIT Bank | 3.75% | $100 |
| Happen Bank vs Marcus by Goldman Sachs | 3.40% | $0 |
| Happen Bank vs Newtek Bank | 4.20% | $100 |
| Happen Bank vs Openbank | 3.80% | $500 |
| Happen Bank vs Pibank | 4.10% | $0 |
| Happen Bank vs SoFi Bank | 4.00% | $0 |
| Happen Bank vs Synchrony Bank | 3.30% | $0 |
| Happen Bank vs Varo Bank | 3.75% | $0 |
| Happen Bank vs Wealthfront | 3.95% | $0 |