EverBank Performance Savings
Editor reviewed3.90% APY uncapped with a pledge to stay in the top 5% of competitors
Rates verified July 23, 2026Open accountTracked since2026
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The Bottom Line
APY
3.9%
Biggest pro
Among the best uncapped no-strings rates from a real full-service bank
Biggest con
Advertised APY is for new accounts and may not apply to existing ones, per their own disclosure
At a glance
Rates verified July 23, 2026- APY
- 3.9%
- APY note
- Advertised APY is for new accounts and may not apply to existing ones, per EverBank's own disclosure
- Minimum deposit
- None
- Monthly fee
- None
- FDIC
- Direct, Member FDIC, $250k
- Institution
- EverBank, N.A. (formerly TIAA Bank)
- ATM access
- Yes
Is it worth it?
$390 a year on a $10,000 balance
At 3.9% APY, $10,000 earns about $390 in the first year, versus roughly $38 at the 0.38% FDIC national average. That is about $352 more for moving the same money. APY is variable and shown as of the date above.
What is EverBank Performance Savings?
EverBank Performance Savings is the no-strings workhorse: one of the best uncapped rates available from a real full-service bank, with a contractual promise to stay competitive. The honest verdict: if you want a high sustained rate without hoops, caps, or gimmicks, this is one of the strongest choices on the market.
The account pays 3.90% APY on all balances for new accounts as of July 2026, with no minimum deposit, no minimum balance for the rate, and no monthly fee. The bank's Performance promise commits the rate to the top 5% of competitors monthly. Deposits are held directly at EverBank, N.A. (formerly TIAA Bank), Member FDIC, insured to $250,000 per depositor. An ATM card is available with the optional checking account, and a Florida branch network exists. The account is also offered at a 4.15% 90-day guarantee via Raisin per Motley Fool on July 3, 2026.
The catches: the advertised APY is for new accounts and by EverBank's own disclosure may not apply to existing ones, and the TIAA-to-EverBank rebrand still confuses some savers.
Pros & Cons
Pros
- Among the best uncapped no-strings rates from a real full-service bank
- Rate-competitiveness pledge
- ATM card available with the optional checking account
Cons
- Advertised APY is for new accounts and may not apply to existing ones, per their own disclosure
- TIAA-to-EverBank rebrand confuses some savers
- The 4.15% 90-day guarantee version requires going through Raisin, a third-party platform
Key details
3.90% APY on all balances for new accountsPerformance promise: rate stays in the top 5% of competitors monthlyNo minimums or feesATM card available with optional checkingFlorida branch networkAlso offered at 4.15% 90-day guarantee via Raisin
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EverBank Performance Savings FAQ
What is the current APY on EverBank Performance Savings?
3.90% APY on all balances for new accounts as of July 2026. EverBank's Performance promise commits the rate to the top 5% of competitors monthly. Note the advertised APY may not apply to existing accounts.
Is EverBank Performance Savings FDIC insured?
Yes. Deposits are held directly at EverBank, N.A., Member FDIC, insured up to $250,000 per depositor.
What are the minimums and fees?
There is no minimum deposit, no minimum balance requirement, and no monthly fee.
Source: everbank.com