EverBank Performance Savings Review

4.20% APY for a new account, with no minimum balance and no monthly fees. Independent EverBank Performance Savings review: 4.3/5 for high-yield savings.

By Michael Hewitt, Founder & Editor-in-Chief. Rates last checked October 21, 2026.

Our verdict

No tiers, no conditions: EverBank pays 3.90% APY on all balances, with no monthly maintenance fees and no minimum balance to earn it, which suits savers who want a high rate without rules. What keeps it from rating higher is reach, with no branch network and a smaller product lineup than larger banks.

Skip it if you want branch access, or the wider product range of a larger bank.

About EverBank Performance Savings

4.20% APY for a new account, with no minimum balance and no monthly fees. EverBank Performance Savings is offered by EverBank, N.A. Our editorial rating is 4.3 out of 5.

Best for: Simple, no-strings high APY.

Editorial grade: A- (composite score 85/100).

Highlights

• 4.20% APY for new accounts on all balances (EverBank: accurate as of October 16, 2026). EverBank says this rate may not apply to an account you already have.
• No monthly maintenance fees
• No minimum balance required to earn the new-account APY. $0 to open.

What we like

• Competitive APY with no balance tiers and no monthly fee
• Full-service digital bank with CDs, money market, and checking
• FDIC insured up to $250K

Where it falls short

• No physical branch network
• Limited product ecosystem compared to larger banks

Fees, minimums, and rates

Monthly fee: $0/month. Minimum to open: $0. Current APY: 4.20%. Rates and fees last checked on October 21, 2026.

How we reviewed it

This is a desk review: we have not opened an account with EverBank, N.A.. It is built from EverBank, N.A.'s published rates, fee schedule and terms and from the public complaint record, and compared with the other products in the High-Yield Savings shortlist. Our bank-account reviews weight APY (30%), fees (20%), access and convenience (15%), account features (15%), trust and safety (10%), and customer support (10%). The rubric is the same for every brand.

The bank behind this account

• EverBank, FDIC certificate 34775: capital, loan quality, every office and the complaint record.

Similar products to compare

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Read our full editorial methodology for how we review products.