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EverBank Performance Savings Account Review
Our take: A top rate on new accounts with $0 to open, no minimum balance and no monthly fee, from a $46.7 billion national bank.
Pros
- 4.20% APY on all balances with no monthly rules
- $0 to open, no minimum balance and no monthly fee
- Large national bank with a highly rated app
Cons
- The quoted rate is for new accounts only
- No ATM card from savings
- Cannot be opened in a branch
Key facts
- APY
- 4.20%
- Requirements
- None
- Minimum to open
- $0
- Minimum to earn APY
- None
- Monthly fee
- No monthly fee
- ATM access
- None, transfers only
- Current offer
- None right now
- Insurance
- FDIC insured through EverBank, N.A. up to $250,000 per depositor, per ownership category
- FDIC certificate
- 34775 (EverBank, N.A., Jacksonville, FL)
- Who can open
- Opened online or by phone only, not in branches. Personal accounts.
- Mobile app
- EverBank Mobile Banking app: 4.8 on the App Store, 4.7 on Google Play (Oct 19, 2026)
Source: EverBank website, checked Oct 27, 2026. Insurance details from the FDIC BankFind database.
EverBank Performance Savings pays 4.20% APY on all balances for new accounts, with $0 to open, no minimum balance and no monthly maintenance fee. There are no direct deposit or monthly rules. EverBank, N.A. is an FDIC insured national bank in Jacksonville, Florida (FDIC certificate 34775). Rate accurate as of Oct 23, 2026, checked on Oct 27, 2026.
EverBank savings rate and terms today
| Feature | Details |
|---|---|
| APY | 4.20% on all balances (new accounts) |
| Minimum to open | $0 |
| Minimum balance | None |
| Monthly fee | None |
| Mobile check deposit fee | None |
| Interest | Compounded daily |
From EverBank’s Performance Savings page. EverBank says the quoted APY is for new accounts only, may not apply to existing accounts and is variable.
Our take
EverBank pays one of the highest standard savings rates we track, with no minimum to open, no minimum balance and no monthly fee. You do not need direct deposit or a monthly deposit to earn it.
The catch is that the advertised rate is for new accounts. EverBank says it may not apply to existing accounts, so if you already bank there, check the rate on your own account. The account can only be opened online or by phone, not in a branch.
What you need to open it
- Apply online or by phone (not in a financial center)
- An opening deposit by online transfer or mobile deposit; the minimum is $0
Fees
EverBank lists no monthly maintenance fee and no mobile check deposit fee for Performance Savings, regardless of balance.
How you move money
You move money by online transfer in online banking or the mobile app, or by wire. Mobile check deposits are allowed up to $50,000 a day for clients enrolled in online banking. You can also deposit in person at EverBank financial centers in Florida, California and New York.
Is EverBank safe?
Yes. EverBank, N.A. is FDIC certificate 34775, which we confirmed as active in the FDIC BankFind database, with about $46.7 billion in assets as of June 30, 2026. Deposits are insured up to $250,000 per depositor, per ownership category.
Who it is best for
- Savers who want a top rate from a large national bank
- Anyone starting small, since there is no minimum
Who should look elsewhere
- People who already have an EverBank savings account, since the quoted rate is for new accounts; compare Pibank Savings
- People who want ATM access from savings; see Happen Bank
Is EverBank safe?
Yes. EverBank, N.A. is FDIC insured (certificate 34775) and was called TIAA Bank until 2023. See Is EverBank legit? for who owns it and how your deposits are insured.
How we rated it
It earns top marks on rate, fees, minimums and its app. It loses points on access, since money moves by transfer or wire and there is no ATM card on savings.
How EverBank compares
| Account | Rating | APY | Min to open | ATM card |
|---|---|---|---|---|
| Elevault High Yield Savings | 4.6 | 4.34% | $0 | No |
| EverBank Performance Savings Account | 4.6 | 4.20% | $0 | No |
| Happen Bank LevelUp Savings | 4.6 | 4.20% | $0 | Yes |
| Bread Savings High Yield Savings Account | 4.6 | 4.05% | $100 | No |
| Peak Bank Envision High Yield Savings | 4.5 | 4.27% | $100 | No |
| Newtek Bank Personal High Yield Savings Account | 4.5 | 4.20% | $100 | No |
| Openbank High Yield Savings Account | 4.5 | 4.00% | $500 | No |
| E*TRADE Premium Savings | 4.5 | 3.75% | $0 | No |
| Axos ONE Savings | 4.4 | 4.21% | $0 | Yes |
| Always.bank High Yield Savings Account | 4.4 | 4.10% | $0 | No |
| Barclays Tiered Savings | 4.4 | 3.50% | $0 | No |
| Capital One 360 Performance Savings | 4.4 | 3.20% | $0 | No |
| Valley Direct High Yield Savings | 4.3 | 3.30% | $1,000 | No |
| Ally Bank Savings Account | 4.3 | 3.20% | $0 | No |
| American Express High Yield Savings Account | 4.3 | 3.20% | $0 | No |
| Pibank Savings | 4.2 | 4.40% | $0 | No |
| Western Alliance Bank High Yield Savings Premier | 4.2 | 3.80% | $500 | No |
| Ivy Bank High Yield Savings Account | 4.1 | 4.00% | $2,500 | No |
| SoFi Checking and Savings | 4.1 | 3.30% | $0 | Yes |
| Alto Online Savings (BMO) | 4.0 | 3.00% | $0 | No |
EverBank savings FAQ
What is the EverBank Performance Savings rate?
4.20% APY on all balances for new accounts, as of Oct 23, 2026. The rate is variable.
Is EverBank a real bank?
Yes. EverBank, N.A. is an FDIC insured national bank in Jacksonville, Florida (FDIC certificate 34775), with about $46.7 billion in assets as of June 30, 2026.
Is there a minimum deposit?
No. The minimum opening deposit is $0 and there is no minimum balance to earn interest or avoid fees.
Does the rate apply to existing accounts?
Not necessarily. EverBank says the quoted APY is for new accounts and may not apply to existing accounts.
Ready to open EverBank Performance Savings Account?
Rates as of Oct 23, 2026. Confirm the current rate and terms on the provider’s site before you apply.