EverBank review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
EverBank Performance Savings suits US savers who value easy access, a minimum deposit of $0 and protected deposits. The account pays a variable headline rate of 3.9%, but online and phone-only access may not suit people who prefer branch service.
Key facts
- Best for
- US savers wanting easy access, no monthly fee and variable interest.
- Headline rate
- 3.9%↗
- Rate type
- Variable↗
- Minimum deposit
- $0↗
- Deposit protection
- FDIC up to USD 250,000↗
- Access terms
- Online and by phone only, with 24/7 online and mobile access↗
- Monthly fee
- $0↗
- Account kind
- Easy access↗
- Legal entity
- EverBank, National Association↗
- Headquarters
- United States↗
- Founded
- 1998↗
- Support channels
- Phone, Help-centre↗
- Pricing model
- No monthly fee
- Official website
- everbank.com
Facts checked September 26, 2026, 5 sources
Pros and cons
Pros
- The Performance Savings account has a monthly fee of $0.
- The minimum deposit is $0.
- Deposits have FDIC protection of FDIC up to USD 250,000.
- The account offers easy access under easy access.
Cons
- The rate is variable, so it can change under variable.
- Access is online and by phone only under Online and by phone only, with 24/7 online and mobile access.
Who it suits
- Savers seeking an easy-access account under easy access.
- US customers covered by FDIC protection of FDIC up to USD 250,000.
- People comfortable managing the account through Online and by phone only, with 24/7 online and mobile access.
Who should look elsewhere
- bunq suits savers comparing its headline rate of 3.01% with EverBank.
- Wise suits savers comparing its headline rate of 3.29% with EverBank.
- Finteres suits savers interested in a headline rate of 0% to 36%.
Fees and FX
EverBank Performance Savings has a minimum deposit of $0. Its monthly fee is $0, and the account uses a no-monthly-fee model under no monthly fee. These charges apply specifically to the Performance Savings account rather than to other banking products.
How EverBank compares
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Where EverBank is available
- Available
- United States
- Licence in United States
- FDIC (FDIC cert 34775), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What interest rate does EverBank offer?+
EverBank Performance Savings pays a variable headline rate of 3.9%. The account is classified as easy access under easy access.
What does the account cost?+
The monthly fee is $0. This fee applies to the Performance Savings account, which also has a minimum deposit of $0.
Is there a minimum opening deposit?+
The minimum deposit is $0. The account also follows a no-monthly-fee model under no monthly fee.
How is the money protected?+
Deposits are covered by FDIC protection of FDIC up to USD 250,000. The named US banking entity is EverBank, National Association under EverBank, National Association.
How can the account be managed and supported?+
Access is Online and by phone only, with 24/7 online and mobile access. Support is available through phone and help centre.
Which banking entity operates the account?+
EverBank is based in the US under US. The legal entity is EverBank, National Association, as stated under EverBank, National Association.
What is EverBank and what does it offer?+
EverBank was founded in 1998. Its Performance Savings account offers a headline rate of 3.9% with a variable rate type under variable.
Sources
- banks.data.fdic.gov/bankfind-suite/bankfind/details/34775 checked September 26, 2026
Backs: Deposit protection, Headquarters, Legal entity, Licences
“CERT=34775; NAME=EverBank, National Association; WEBADDR=www.everbank.com; ACTIVE=1”
- en.wikipedia.org/wiki/EverBank checked September 26, 2026
Backs: Founded
“Founded October 1, 1998; 27 years ago (1998-10-01) in Jacksonville, Florida, U.S.”
- everbank.com/banking/performance-savings checked September 26, 2026
Backs: Access terms, Account kind, Minimum deposit, Pricing model, Monthly fee, Rate type
“Available exclusively online and by phone”
- everbank.com/rates checked September 26, 2026
Backs: Headline rate
“EverBank Performance® Savings ... All Balances 3.90% ... Annual Percentage Yields (APYs) are accurate as of 09/18/2026”
- everbank.com/support/contact checked September 26, 2026
Backs: Support channels
“Get in touch with our client solutions team ... 1.888.882.3837 ... Introducing the EverBank Help Center”
Compiled from 5 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Term.