4.20%
EverBank APY today
— vs last check
Checked October 21, 2026
Key stats
| APY | 4.20% (variable; new account APY) |
| Minimum to open | $0 |
| Minimum to earn APY | $0 — no minimum balance required |
| Monthly fee | $0 — no monthly maintenance fee |
| FDIC insured | Yes — EverBank, N.A. |
| Compounding | Daily |
What your money earns
$10,000 for one year at 4.20% APY would earn about $420. This is an estimate — rates are variable and can change at any time.
Pros
- No monthly maintenance fee
- $0 to open — no minimum balance required
- Interest compounded daily
Cons
- Advertised APY is for new accounts only
- Variable rate — APY can change at any time
- Available online and by phone only (no branches)
How to open an account
- Apply online at everbank.com and choose Performance Savings.
- Fund your account by bank transfer or mobile deposit.
- Set up online banking to start earning 4.20% APY.
Frequently asked questions
Is EverBank FDIC insured?
Yes. EverBank, N.A. is FDIC insured, with deposits covered up to $250,000 per depositor.
Is the APY fixed or variable?
Variable. EverBank’s savings APY is variable and can change at any time.