EverBank Performance Savings review

EverBank Performance Savings tops this list on the number most savers compare first: the account page lists a 4.20% APY for new accounts on all balances, which EverBank puts at 11 times the 0.38% national average. There is no balance tier to clear, no opening deposit and no monthly maintenance fee, and mobile check deposits are free. Interest compounds daily. The bank also publishes its own balance sheet figures on the page, including $45.8B in assets and $38.4B in deposits as of September 30, 2026. What you do not get is the extra tooling some rivals add: the page does not describe savings buckets, automatic round ups or a bundled checking account, and the account is sold only online and by phone. The rate is labeled for new accounts, so if you already bank with EverBank, confirm the rate on your own account before moving money. For someone who wants a plain, high, flat rate and nothing to manage, it is the strongest pick here.

Who it is for

Savers who want the highest flat rate with no balance tiers

Price

$0 monthly maintenance fee, $0 to open; 4.20% APY on all balances for new accounts as listed on November 12, 2026.

No monthly maintenance fee No minimum balance required Interest compounded daily FDIC-insured $0 to open
Quoted from the vendor pricing page on November 12, 2026.

Key features

• 4.20% APY on all balances for new accounts
• $0 to open and no minimum balance to earn interest
• $0 monthly maintenance fee and $0 mobile check deposit fee
• Interest compounded daily
• Opened and managed online or by phone

Strengths and weaknesses

• Strength: Highest flat APY in this comparison, with no balance tier to reach
• Strength: No opening deposit, so a $1 balance earns the same rate as $50,000
• Strength: EverBank reports $45.8B in assets as of September 30, 2026
• Weakness: The 4.20% is advertised for new accounts, so existing customers should check the rate that applies to them
• Weakness: Available only online and by phone, not as a branch product
• Weakness: No bonus tools such as savings buckets or round ups are described on the account page

Key facts

• APY: 4.20% on all balances, new accounts
• Minimum to open: $0
• Monthly fee: $0
• Compounding: Daily

Where it ranks

EverBank Performance Savings is No. 1 in our Best High Yield Savings Accounts verdict.