EverBank Performance Savings Review (2026)

What we like about EverBank Performance Savings

The EverBank Performance Savings account is an FDIC-insured savings account with a rate that easily earns the title of a high-yield savings account (HYSA).

And if you’d rather have locked-in rates, EverBank also offers high-yield certificates of deposit (CDs).

Low maintenance and high earnings

This is a top-notch account with a great APY, no monthly fees and no opening deposit requirement. Open the account with as much or as little as you want, and your interest compounds daily.

The account accepts one-time and recurring transfers, too, so you can set up transfers automatically to grow your balance without needing to think about it.

Much higher APY than average

Compared to the national average rate of just 0.38%, according to the FDIC, EverBank’s 4.2% APY is roughly 10 times higher.⁽¹⁾

So just for a quick example, if you put $1,000 in a savings account with a 0.38% rate for one year, you’d earn about $3.80. In the EverBank Performance Savings, that same deposit and same time frame yields about $39.

Compared to large banks, like Chase or Wells Fargo, EverBank’s savings is easily the better choice. However, you’ll have to be ok with not having access to physical branch locations.

What could be better

As much as we like a “gotcha” moment, we couldn’t really find anything negative about this account.

We’re just nitpicking at this point, but the only real downside with this account is you have to fund it electronically.

To fund the Performance Savings account, you have to perform an ACH transfer from another account, or do a wire transfer. EverBank doesn’t have a way to accept cash deposits, which could be a downside if you handle cash on the regular.

Compare EverBank Performance Savings to other top savings accounts

Narrow down top savings accounts by APYs, fees and features. Select Compare on up to four accounts for a side-by-side comparison.

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6 of 19 results

Finder Score	Account type	Annual Percentage Yield (APY)	FDIC or NCUA insured amount	Minimum balance to earn APY	Minimum deposit to open
Promoted 9.2 Excellent Public High-Yield Cash Account	9.2 Excellent	Cash management account	3.30%	Up to $250,000	$0	$0	Go to site View details Compare product selection Compare	loading
Promoted 9.4 Excellent Wealthfront Cash Account	9.4 Excellent	Cash management account	3.55%	Up to $8M FDIC insurance	$1	$1	New clients earn can earn 4.45% APY. New clients get a boosted APY from 3.55% to 4.20% APY for 3 months on up to $150,000. Can also earn ongoing 0.25% APY increase for monthly direct deposit of $1,000 or recurring deposits of $2,500 for a total 4.45% APY with both APY boosts. T&Cs apply.	Go to site View details Compare product selection Compare	loading
Promoted 8 Great CIT Bank Platinum Savings	8 Great	Traditional savings	Up to 3.75%	Up to $250,000	$0	$100	Earn up to 4.35% APY. Get a 0.60% boost to the standard Platinum Savings APY for six months. The boost applies when an eligible customer opens a new Platinum Savings account or enrolls a qualifying Platinum Savings account using promo code BOOST60, subject to promotion terms. APYs are variable and may change. T&Cs apply.	Go to site View details Compare product selection Compare	loading
9.2 Excellent SoFi Checking and Savings	9.2 Excellent	Traditional savings,Checking	Up to 3.30%	Up to $250,000	$0	$0	Earn up to 4.40% APY on savings and $50 or $400 with direct deposit. Open a new SoFi Checking and Savings account by 31 December 2026, set up eligible direct deposit within 60 days, and maintain direct deposit for six months. 1.10% Boost on Savings APY to up to 4.40% for up to 6 months on new accounts. T&Cs apply.	Go to site View details Compare product selection Compare	loading
9.7 Excellent Live Oak Bank through Raisin	9.7 Excellent	Traditional savings	4.10%	Up to $250,000	$0.01	$0	Up to $1200 with code SUMMER26. T&Cs apply.	Continue View details Compare product selection Compare	loading
Not scored yet Robinhood Banking	Not scored yet	Cash management account	3.60%	up to $2.5 million	$0	$0	Continue View details Compare product selection Compare	loading

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How we picked these

What is the Finder Score?

The Finder Score crunches over 250 savings accounts from hundreds of financial institutions. It takes into account the product's interest rate, fees, opening deposit and features - this gives you a simple score out of 10.

To provide a Score, Finder’s banking experts analyze hundreds of savings accounts against FDIC-reported national averages as a baseline. Accounts with rates well over the national average are scored the highest, while accounts with rates well below are scored low.

Read the full breakdown

Customer reviews and ratings

There isn’t that much feedback for EverBank on review platforms, but we usually take that as a good sign. Most folks don’t leave reviews for banks or financial companies unless something bad happens, so in our case, we see this as good.

Among the reviews, most are from 2025, and many are around app issues, such as apps crashing or Zelle transfers not working. A few also express frustration with trying to get their funds after closing an account, or having to jump through hoops getting ahold of a representative.

We also went to the app stores for more information, and there, EverBank has great ratings. More recent written reviews praise the bank’s high rates on savings accounts and CDs, and some also note that the app recently had a big overhaul (which tracks with the complaints we saw last year).

Overall, the positive reviews on app stores well outweigh the few negative reviews on the Better Business Bureau and Trustpilot.