EverBank Performance Savings

EverBank Performance Savings is EverBank's savings account for new customers who want one rate on every balance. The account is opened online or by phone, and the terms are plain: no minimum deposit, no minimum balance to earn the rate, no monthly maintenance fee and no balance tiers. The account pays 4.20% APY on all balances for new accounts, per EverBank's rates page, which is dated 10/09/2026 (we read it on October 14, 2026). There is no cap that throttles the rate once your balance grows, so the quoted yield applies to the first dollar and the last. The rate is variable. EverBank also lists a $0 fee for mobile check deposits. On safety, deposits are held at EverBank, N.A. (formerly TIAA Bank), Member FDIC, insured up to $250,000 per depositor per ownership category. This is a direct relationship with a chartered bank. Checking is a separate product, Performance Checking, and EverBank's savings page does not describe an ATM card for the savings account. The flag that matters here is that the headline yield is an offer for new accounts, and by EverBank's own disclosure the advertised APY may not apply to existing ones. The rate you open at is not guaranteed to match what a long-tenured customer receives, so existing holders should verify their own posted APY rather than assume the marketed number. EverBank, N.A. was formerly known as TIAA Bank. The verdict stays measured: a stated rate on all balances, plain terms and a chartered FDIC-insured bank, with the main watch item being the new-versus-existing APY gap.