EverBank
EverBank Performance Savings
By Alex Compton · Last verified
Online savings with no monthly maintenance fee and a separately advertised new-account APY
Insurance: FDIC insured up to $250,000 through EverBank, N.A.
Account Terms History
A dated record of APY, fees and opening requirements. New changes append to this table; prior terms remain visible.
| Observed | APY / yield | Monthly fee | Minimum | Evidence |
|---|---|---|---|---|
| 2026-11-02 | 4.20% variable APY for new accounts; may not apply to existing accounts. Checked November 2, 2026 | $0 | None | EverBank Performance Savings page, checked November 2, 2026 →Freshness-rotation reconfirmation: EverBank's rates page (accurate as of 10/30/2026) and product page both still show 4.20% for new accounts. No change. |
| 2026-10-23 | 4.20% variable APY for new accounts; may not apply to existing accounts. Checked October 23, 2026 | $0 | None | Official product terms reviewed October 23, 2026 →Scoped review made new-account APY eligibility explicit and removed unsupported future-stability and universal-rate claims. Full-record date retained. |
| 2026-10-19 | 4.20% (as of October 2026, up from 3.90%) | $0 | None | Archive record · no attached snapshotPreviously published editorial snapshot; not evidence of the bank’s rate-change date. |
Primary-source verification log
Append-only evidence ledger- changed
Scoped review made new-account APY eligibility explicit and removed unsupported future-stability and universal-rate claims. Full-record date retained.
Fields: tagline, apy, features, pros, cons, ourTake, bestFor, termHistory
Official savings product terms; scoped review →
Features
- ▸Advertised 4.20% APY applies to new accounts on all balances; existing-account rates may differ
- ▸No minimum opening deposit or ongoing minimum balance
- ▸No monthly maintenance or mobile check deposit fee
- ▸Interest compounds daily
- ▸Account available online and by phone
Pros
- +No minimum opening deposit or monthly maintenance fee
- +No recurring deposit qualification listed
- +Daily compounding and mobile check deposit
Cons
- −Advertised new-account APY may not apply to existing accounts
- −Variable rate can change without notice
- −Savings access and transfer timing should be checked separately from any EverBank checking account
Our Take
EverBank suits someone comparing a new savings account without a monthly deposit hurdle. The key qualification is the new-account rate: an existing customer should check the APY actually paid on their statement. No opening minimum and no maintenance fee simplify the comparison, but neither guarantees a stable future rate.
Best for: New-account shoppers who want no recurring deposit requirement
Open at EverBank →Last verified 2026-11-02
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