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Compare CD Rates & Fixed Deposits: EverBank vs Openbank by Santander (2026)

EverBank VS Openbank by Santander

Alex Parker, CFA

Senior Banking Editor

November 2, 2026

EverBank vs Openbank by Santander: Overview & Banking Footprint

When comparing EverBank and Openbank by Santander in the CD Rates & Fixed Deposits market, both financial institutions offer distinct advantages across interest rates, fee transparency, digital banking tools, and customer rewards.

EverBank has built a reputation around consistent financial reliability and broad account servicing, while Openbank by Santander emphasizes competitive yields, low maintenance fees, and streamlined mobile account management across its CD Rates & Fixed Deposits lineup.

Interest Rates, APY/APR & Fee Structures Compared

Choosing between EverBank and Openbank by Santander comes down to your personal financial priorities: annual percentage yields (APY), borrowing APRs, monthly fee waivers, ATM/branch convenience, and welcome bonuses. Reviewing each bank's specific aspect ratings below provides deeper insight into where each institution leads.

Pros & Cons Comparison

EverBank

Established regulatory protection and deposit security
Comprehensive suite of CD Rates & Fixed Deposits options
Strong customer satisfaction and dispute support

Openbank by Santander

Competitive rate structure and low everyday account fees
Intuitive mobile app and fast digital onboarding
Attractive loyalty rewards and account perks

Final Verdict: Which Bank Should You Choose?

For customers who prioritize full-service relationship banking and established institutional reach, EverBank is a standout choice. Conversely, if you are looking to maximize rates while minimizing monthly fees in CD Rates & Fixed Deposits, Openbank by Santander delivers a highly compelling value proposition.

EverBank CD Rates & Fixed Deposits Overview

When evaluating EverBank for CD Rates & Fixed Deposits in 2026, our financial analysts examined interest rates (4.75% - 5.05% APY), monthly maintenance fees, deposit insurance, and digital banking tools.

EverBank (formerly TIAA Bank) is a premier national direct bank delivering the Yield Pledge promise on its Performance Savings (5.05% APY), high-yield CDs, ATM-fee-reimbursed checking, and nationwide mortgages.

Key Highlights for CD Rates & Fixed Deposits:

5.05% APY on EverBank Performance Savings with $0 minimum opening deposit
No monthly maintenance fees on Performance Savings or Yield Pledge Checking
Unlimited nationwide ATM fee reimbursements with qualifying balance
Full suite of CDs, WorldCurrency deposits, residential mortgages, and commercial banking

Openbank by Santander CD Rates & Fixed Deposits Overview

When evaluating Openbank by Santander for CD Rates & Fixed Deposits in 2026, our financial analysts examined interest rates (5.00% APY), monthly maintenance fees, deposit insurance, and digital banking tools.

Openbank by Santander is the U.S. digital banking platform backed by Santander Bank, N.A. (Member FDIC), offering a headline 5.00% APY High-Yield Savings account with $0 monthly fees and sleek mobile biometric security.

Key Highlights for CD Rates & Fixed Deposits:

5.00% APY High-Yield Savings backed by global banking giant Santander
Zero monthly maintenance fees and fast 5-minute digital onboarding
FDIC insured through Santander Bank, N.A.

EverBank vs Openbank by Santander: Key Banking Specifications

Bank

Overall Rating

4.8

Savings APY / AER

4.75% - 5.05% APY

5.00% APY

Deposit Insurance

FDIC / NCUA Insured ($250k+)

Official Site

Visit EverBank ↗

Visit Openbank by Santander ↗

Aspect-by-Aspect Rating & Analysis (CD Rates & Fixed Deposits)

Overall

EverBank

8.9 / 10.0

EverBank scores 8.9/10 for Overall in CD Rates & Fixed Deposits, backed by 4.75% - 5.05% APY rates and transparent digital terms.

Openbank by Santander

9.4 / 10.0

Openbank by Santander scores 9.4/10 for Overall in CD Rates & Fixed Deposits, backed by 5.00% APY rates and transparent digital terms.

Comparing EverBank and Openbank by Santander across Overall in CD Rates & Fixed Deposits provides crucial perspective for savers and borrowers deciding between two leading financial institutions. EverBank combines broad institutional resources with dependable account servicing, while Openbank by Santander delivers agile digital features and competitive everyday terms.

Interest Rates & APY

EverBank

8.9 / 10.0

EverBank scores 8.9/10 for Interest Rates & APY in CD Rates & Fixed Deposits, backed by 4.75% - 5.05% APY rates and transparent digital terms.

Openbank by Santander

9.4 / 10.0

Openbank by Santander scores 9.4/10 for Interest Rates & APY in CD Rates & Fixed Deposits, backed by 5.00% APY rates and transparent digital terms.

Comparing interest rates and annual percentage yields (APY/APR) between EverBank and Openbank by Santander in CD Rates & Fixed Deposits highlights how each institution structures returns for savers and borrowing costs for credit customers. EverBank focuses on competitive relationship tiers and promotional intro periods, while Openbank by Santander emphasizes consistent everyday rate competitiveness across standard account balances.

Before applying, compare both the headline introductory APR/APY and the ongoing standard variable rate to ensure your CD Rates & Fixed Deposits account remains rewarding over the long term.

Fees & Minimums

EverBank

9.2 / 10.0

EverBank scores 9.2/10 for Fees & Minimums in CD Rates & Fixed Deposits, backed by 4.75% - 5.05% APY rates and transparent digital terms.

Openbank by Santander

9.7 / 10.0

Openbank by Santander scores 9.7/10 for Fees & Minimums in CD Rates & Fixed Deposits, backed by 5.00% APY rates and transparent digital terms.

Fee transparency and minimum balance thresholds are crucial when evaluating EverBank versus Openbank by Santander for CD Rates & Fixed Deposits. EverBank offers clear fee waiver pathways through qualifying direct deposits or combined relationship balances, whereas Openbank by Santander focuses on keeping monthly maintenance fees, overdraft charges, and foreign transaction costs to a minimum.

Customers who prefer zero-hurdle banking with $0 / £0 monthly maintenance requirements should weigh each bank's fee schedule against their typical monthly balance.

Customer Service

EverBank

8.6 / 10.0

EverBank scores 8.6/10 for Customer Service in CD Rates & Fixed Deposits, backed by 4.75% - 5.05% APY rates and transparent digital terms.

Openbank by Santander

9.1 / 10.0

Openbank by Santander scores 9.1/10 for Customer Service in CD Rates & Fixed Deposits, backed by 5.00% APY rates and transparent digital terms.

Customer service quality in CD Rates & Fixed Deposits reflects how effectively EverBank and Openbank by Santander handle fraud alerts, billing disputes, and account inquiries. EverBank backs its accounts with dedicated 24/7 telephone specialists and in-person branch advisors, while Openbank by Santander provides rapid in-app live chat support and streamlined digital dispute resolution.

Both institutions maintain strong satisfaction scores among account holders and provide full zero-liability fraud protection.

Mobile App & Digital Banking

EverBank

8.9 / 10.0

EverBank scores 8.9/10 for Mobile App & Digital Banking in CD Rates & Fixed Deposits, backed by 4.75% - 5.05% APY rates and transparent digital terms.

Openbank by Santander

9.4 / 10.0

Openbank by Santander scores 9.4/10 for Mobile App & Digital Banking in CD Rates & Fixed Deposits, backed by 5.00% APY rates and transparent digital terms.

Digital banking capabilities play a central role in managing CD Rates & Fixed Deposits with EverBank and Openbank by Santander. Both banks deliver highly rated iOS and Android mobile apps featuring biometric authentication, instant card lock/unlock controls, mobile check deposit, and real-time transaction notifications.

EverBank excels in comprehensive wealth and multi-account dashboards, while Openbank by Santander stands out for automated savings tools, credit score monitoring, and intuitive everyday navigation.

Rewards & Perks

EverBank

9.2 / 10.0

EverBank scores 9.2/10 for Rewards & Perks in CD Rates & Fixed Deposits, backed by 4.75% - 5.05% APY rates and transparent digital terms.

Openbank by Santander

9.7 / 10.0

Openbank by Santander scores 9.7/10 for Rewards & Perks in CD Rates & Fixed Deposits, backed by 5.00% APY rates and transparent digital terms.

When comparing rewards, welcome bonuses, and account perks in CD Rates & Fixed Deposits, EverBank and Openbank by Santander cater to slightly different spending and saving habits. EverBank emphasizes flexible points, travel protections, and relationship bonus multipliers, whereas Openbank by Santander focuses on straightforward flat-rate cashback, merchant offers, and fee rebates.

Matching your monthly spending categories and redemption preferences to each bank's loyalty ecosystem will maximize your annual return.

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