EverBank review: A top high-yield savings account, plus more

EverBank has been steadily making its way onto our best-of-lists — especially for its high-yield savings account — and it's easy to see why. As an online bank, it offers a variety of accounts without the burden of monthly fees. Whether you're looking to maximize your savings with competitive APYs or take advantage of a straightforward checking option, EverBank has tons to offer.

EverBank Checking

With the EverBank Checking, you won't have to worry about monthly fees and it only requires $25 to open. You'll also get ATM fee reimbursements — up to $15 a month if your balance is under $5,000, or unlimited reimbursements if you keep $5,000 or more in the account. EverBank also works with Zelle® and includes bill pay, so you can easily make any one-time or recurring electronic payments for expenses like utilities or credit cards.

EverBank Performance Savings

The EverBank Performance® Savings is a straightforward account that offers up to 3.90% APY — a rate that earned it a spot on our best high-yield savings account list. It comes with no monthly fees, minimum balance requirements and no minimum deposit.

Everbank Performance Money Market

The EverBank Performance® Money Market works similarly to the checking account, but you get up to 3.80% APY. It requires no minimum deposit and charges no monthly maintenance fees. Like the checking account, you'll get up to $15 a month if your balance is under $5,000, or unlimited reimbursements if you keep $5,000 or more in the account.

EverBank Performance CDs

The EverBank Performance® CDs offer a wide range of CD terms from three months to five years, with rates of up to 4.05% APY. You'll need at least $1,000 to open an open but there are no monthly maintenance fee. Keep in mind that early withdrawals come with a penalty and EverBank does not offer no-penalty CDs.

EverBank also offers a variety of other products, including: 

• Business Checking
• Business Money Market
• Business CD
• SBA Loans
• EverBank Business Cash Preferred Card
• EverBank Business Card

While EverBank stands out for its competitive savings and money market APYs, Happen Bank is better known for its LevelUp Checking account that earns interest and cash back on debit card purchases. It also offers a LevelUp Savings with a solid rate, but you'd need to maintain monthly deposits of $250 or more. These accounts also come with no monthly fees.

SoFi also offers perks like cash-back rewards and no monthly fees. Its Checking and Savings combo lets you earn competitive rates on both accounts when you set up eligible direct deposits or maintain $5,000 in qualifying deposits. Plus, if you're interested in other financial products, SoFi also offers credit cards, investing accounts and loans.

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* New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received within 25 calendar days of your first Eligible Direct Deposit of $1 or more) OR $400 (with at least $5,000 total Eligible Direct Deposits received within 25 calendar days of your first Eligible Direct Deposit of $1 or more). Cash bonus amount will be based on the total amount of Eligible Direct Deposit received within 25 calendar days of your first Eligible Direct Deposit of $1 or more. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 5/15/2026 and will be available through 12/31/26. See full bonus and annual percentage yield (APY) terms at sofi.com/banking/checking-offer/ *SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC. SoFi members with Eligible Direct Deposit can earn up to 3.10% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 3.10% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 5/28/26. There is no minimum balance requirement. Fees may reduce earnings. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet. *SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC's regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at SoFi.com/banking/fdic/sidpterms. See list of participating banks at SoFi.com/banking/fdic/participatingbanks. *Earn up to 4.00% Annual Percentage Yield (APY) on one SoFi Savings account with a 0.90% APY Boost (added to the 3.10% APY as of 5/28/26) for up to 6 months. Open your first SoFi Checking and Savings account and receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 12/31/26. Rates are variable, subject to change. Terms apply at sofi.com/banking#4. SoFi Bank, N.A. Member FDIC. *Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 5/28/26. There is no minimum balance requirement. Fees may reduce earnings. Additional rates and information can be found at https://www.sofi.com/legal/banking-rate-sheet