EverBank Review: Checking, Savings, CDs And Promotions

I’ll review EverBank(NYSE: EVER) Checking, Savings And CD accounts options and any current promotions that are available here.

EverBank is well known for their mortgage services, but their online bank products are pretty competitive.

EverBank review highlights:

• Current EverBank promotions
• EverBank Accounts & Features
  • See my Best Bank Promotions List

EverBank Yield Pledge Checking Bonus Rate

The Yield Pledge Checking is an online high-yield interest earning account. Online Checking accounts are gaining a lot of popularity because they can offer higher rates than local banks.

• Promotion Link: Bonus 1.21% Rate
• Expiration: None
• Best Feature: Rates stay in top 5% of top 5 banks and top 5 thrifts in the U.S.
• Competitor Offer: Capital One 360 Online Checking, Discover Online Checking
• Account(s) Eligible: Yield Pledge Checking
• Availability: Nationwide
• Direct Deposit Requirement: N/A
• Monthly Service Fee: None
• Other Requirements: Bonus 1.21% rate applies on balances up to $250,000 for the first 12 months.

Account Details:

• Minimum opening balance: $1,500
• EverBank ATM fee: $0
• ATM fee reimbursements with minimum balance of $5K: Unlimited!
• Online & mobile banking, Mobile check deposits via mobile app
• Recognized by Bauer Financial to be strong and stable (4-star rating)
• FDIC insured up to standard $250,000

EverBank Yield Pledge Money Market Bonus Rate

EverBank’s Yield Pledge Money Market Account rates are over 10 times the national average. Money market accounts are an alternative to a traditional Savings account and rates are typically higher.

• Promotion Link: 1.50% Bonus Rate
• Best Feature: Stays in top 5% of competitive accounts at leading banks nationwide
• Expiration: None
• Availability: Nationwide
• Minimum opening balance: $1,500
• Withdrawals/Transfers: 6 per month
• Free online and mobile banking and mobile check deposits
• Available as an IRA: Yes
• Paper checks: Yes
• Monthly Fee: $0
• Tips: Customers choose a Money Market over a Savings account because it typically earns more, and you still have access to the funds just in case (as opposed to a CD account).

EverBank Yield Pledge CD

You’ll also get a top 5% rate guarantee with the Yield Pledge CD account as well. Remember, CD accounts generally provide higher rates but you won’t have access to your funds without penalty.

• Product Link: Yield Pledge CD
• Minimum opening balance: $1,500
• Monthly Fee: $0
• 20-day Maturity Alert (when end of term nears)
• Automatic Rollover (when you sign up for another CD account immediately after maturity of existing CD)
• IRA Eligible: Yes