EverBank vs. Upgrade
EverBank's Performance Savings pays 3.90% APY while Upgrade's Premier Savings pays 3.05% 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 $85 more than Upgrade annually ($390 vs $305).
Choose EverBank if getting the best rate matters most, or you want Zelle for quick transfers.
| Metric | EverBankPerformance Savings Sep 4, 2026 | UpgradePremier Savings Sep 2, 2026 |
|---|---|---|
| APY | 3.90% | 3.05% |
Earns in a year | $5,000+$195 $10,000+$390 $25,000+$975 | $5,000+$153 $10,000+$305 $25,000+$763 |
Min. Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingStable Rate | FDIC InsuredLow 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.
Executive Summary
EverBank offers a competitive Performance Savings account with a notable APY of 3.90%, making it a strong option for savers. This account does not require direct deposit, has no maintenance fees, and is available online nationwide, although it is accessible only in certain states like CA, FL, MO, and NY. In contrast, Upgrade's Premier Savings account provides a lower APY of 3.05%, also with no direct deposit requirement and a minimum balance of $100,000. While both accounts are online-only and have similar features, EverBank's higher APY positions it as the more attractive choice for savers.
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 3.05%) on all balances
- Physical branch access (11 locations in Florida and California)
- Higher rated Android app (4.8 vs 4.4)
- Fast transfers via Zelle®
Why Upgrade?
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 $305/yr).
Better Returns at $25,000
EverBankEverBank's Performance Savings pulls ahead with larger amounts (approx. $975 vs $763/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 $85 more interest on a $10,000 balance than Upgrade's Premier 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. Upgrade Savings Calculator
You earn $85 more with EverBank than Upgrade 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
Upgrade
Premier Savings
Savings Breakdown
- Interest Earned+$305.00(3.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,305.00
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 $300 a year in interest.
Both EverBank and Upgrade advertise far more than that typical branch-bank rate.
| Feature | EverBank | Upgrade |
|---|---|---|
| APY | 3.90% Observed: 9/4/2026 Stable over 90 days | 3.05% Observed: 9/2/2026 Stable over 90 days |
| Product Name | Performance Savings | Premier Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $1,000 |
| 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 Upgrade Non-sponsored link to official site |
Compare Savings Rates Over Time
Historical Performance
| Metric | EverBank | Upgrade |
|---|---|---|
| Performance Savings | Premier Savings | |
Current APY | 3.90% | 3.05% |
Trend | Stable | Stable |
Speed of change | -0.05 | -0.13 |
Days Since Change | 259 | 307 |
12-Month High | 4.30% | 4.02% |
12-Month Low | 3.90% | 3.05% |
Changes per month | 0.16 | 0.16 |
Steadiness | 0.025 | 0.088 |
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 Upgrade's APY of 3.05% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Upgrade vs Ally Bank | 3.00% | $0 |
| Upgrade vs American Express | 3.00% | $0 |
| Upgrade vs Axos Bank | 4.21% | $0 |
| Upgrade vs Barclays | 3.65% | $0 |
| Upgrade vs Capital One | 3.50% | $0 |
| Upgrade vs Chime | 3.75% | $0 |
| Upgrade vs CIT Bank | 3.75% | $100 |
| Upgrade vs Marcus by Goldman Sachs | 3.40% | $0 |
| Upgrade vs Newtek Bank | 4.20% | $100 |
| Upgrade vs Openbank | 3.80% | $500 |
| Upgrade vs Pibank | 4.10% | $0 |
| Upgrade vs SoFi Bank | 4.00% | $0 |
| Upgrade vs Synchrony Bank | 3.30% | $0 |
| Upgrade vs Varo Bank | 3.75% | $0 |
| Upgrade vs Wealthfront | 3.95% | $0 |