EverBank vs. Synchrony Bank
EverBank's Performance Savings pays 3.90% APY while Synchrony Bank's High Yield Savings pays 3.30% 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 $60 more than Synchrony Bank annually ($390 vs $330).
Choose EverBank if getting the best rate matters most, or you want Zelle for quick transfers.
| Metric | EverBankPerformance Savings Sep 4, 2026 | Synchrony BankHigh Yield Savings Sep 4, 2026 |
|---|---|---|
| APY | 3.90% | 3.30% |
Earns in a year | $5,000+$195 $10,000+$390 $25,000+$975 | $5,000+$165 $10,000+$330 $25,000+$825 |
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 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.
Comparison Analysis
Comparing EverBank vs. Synchrony Bank
Executive Summary
EverBank offers a standout Performance Savings account with an APY of 3.90%, making it a more attractive option compared to Synchrony Bank's High Yield Savings account, which has a lower APY of 3.30%. EverBank's account requires no minimum balance, maintenance fees, or direct deposit, and is available online nationwide, although it is limited to specific states. In contrast, Synchrony's offerings include a High Yield Savings account and additional products like a Money Market Account, both of which yield lower returns. Overall, EverBank is the clear winner for those seeking higher interest rates.
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 3.30%) on all balances
- No checking account or direct deposit required
- Physical branch access (11 locations in Florida and California)
- Fast transfers via Zelle®
Why Synchrony Bank?
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 $330/yr).
Better Returns at $25,000
EverBankEverBank's Performance Savings pulls ahead with larger amounts (approx. $975 vs $825/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 $60 more interest on a $10,000 balance than Synchrony Bank's High Yield 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. Synchrony Bank Savings Calculator
You earn $60 more with EverBank than Synchrony 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
Synchrony Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$330.00(3.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,330.00
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 $325 a year in interest.
Both EverBank and Synchrony Bank advertise far more than that typical branch-bank rate.
| Feature | EverBank | Synchrony Bank |
|---|---|---|
| APY | 3.90% Observed: 9/4/2026 Stable over 90 days | 3.30% Observed: 9/4/2026 0.10%90-day change |
| Product Name | Performance Savings | High Yield 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) | 2 (FL, 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+ | Not Rated |
| Next Steps | Visit SiteVerify at EverBank Non-sponsored link to official site | Visit SiteVerify at Synchrony Bank Non-sponsored link to official site |
Compare Savings Rates Over Time
Historical Performance
| Metric | EverBank | Synchrony Bank |
|---|---|---|
| Performance Savings | High Yield Savings | |
Current APY | 3.90% | 3.30% |
Trend | Stable | Stable |
Speed of change | -0.05 | -0.05 |
Days Since Change | 259 | 78 |
12-Month High | 4.30% | 3.80% |
12-Month Low | 3.90% | 3.30% |
Changes per month | 0.16 | 0.33 |
Steadiness | 0.025 | 0.028 |
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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