{"id":209410,"date":"2024-03-01T19:01:42","date_gmt":"2024-03-01T19:01:42","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/03\/01\/everbank-review-2024-checking-savings-and-5-25-apy-cd-rates\/"},"modified":"2025-06-25T17:21:23","modified_gmt":"2025-06-25T17:21:23","slug":"everbank-review-2024-checking-savings-and-5-25-apy-cd-rates","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/03\/01\/everbank-review-2024-checking-savings-and-5-25-apy-cd-rates\/","title":{"rendered":"EverBank Review 2024: checking, savings, and 5.25% APY CD rates"},"content":{"rendered":"

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EverBank, formerly known as TIAA Bank, changed its name in July 2023 following the sale of a majority stake to private investors. While you can bank online, all of its branch locations and its NFL stadium, home of the Jacksonville Jaguars, are in Florida. Not to worry if you\u2019re not near a branch location because customers can access more than 100,000 fee-free ATMs.<\/p>\n

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Our review details personal banking options offered by EverBank. All rates and fees are current as of March 1, 2024, and are subject to change.\u00a0<\/p>\n

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EverBank<\/h4>\n
<\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n
Checking accounts<\/td>\n

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Starting at $0 per month<\/td>\n


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Savings accounts:<\/td>\n

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Open with as little as $0<\/td>\n


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Certificate of deposit (CD):<\/td>\n

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Earn up to 5.25% annual percentage yield (APY)<\/td>\n


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EverBank rates and products<\/strong><\/h2>\n

EverBank offers a variety of deposit products with attractive APYs, including checking, savings, money markets, and CDs.\u00a0<\/p>\n

Checking accounts<\/strong>\u00a0<\/h3>\n

No matter your balance, a Yield Pledge checking account will earn you 0.45% APY. These have a minimum opening deposit of $100. Its standard checking account, EverBank Checking, requires only $25 to open. With a standard checking account, you won\u2019t earn any interest, though.\u00a0<\/p>\n

Like most free checking accounts<\/a>, it doesn\u2019t offer a checking account bonus<\/a>. If that\u2019s important to you, look into other free checking account<\/a> options and their promotions.\u00a0<\/p>\n

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EverBank checking account features<\/strong><\/td>\n<\/tr>\n
Account opening bonus<\/td>\nNone<\/td>\n<\/tr>\n
Minimum opening deposit<\/td>\n$25 for standard checking; $100 for high-yield checking<\/td>\n<\/tr>\n
Monthly fees<\/td>\nNone<\/td>\n<\/tr>\n
Top APY<\/td>\n0.45% on high-yield checking<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>
Last updated: March 1, 2024<\/em><\/figcaption><\/div>\n

Savings accounts<\/strong><\/h3>\n

EverBank\u2019s high-yield savings account<\/a> is called EverBank Performance Savings. It offers an attractive 5.15% APY no matter your balance, no monthly fees, minimum balances, or minimum opening deposits required.\u00a0<\/p>\n

Read this primer on high-yield savings accounts<\/a> to understand better what to expect from yours.<\/p>\n

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EverBank savings account features<\/strong><\/td>\n<\/tr>\n
Minimum opening deposit<\/td>\n$0<\/td>\n<\/tr>\n
Monthly fees<\/td>\nNone<\/td>\n<\/tr>\n
Top APY<\/td>\n5.15%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>
Last updated: March 1<\/em>, 2024<\/em><\/figcaption><\/div>\n

EverBank savings rates compared to current top rates*<\/h4>\n

Although EverBank is an attractive choice, there are banking institutions with higher interest rates. For comparison, see the rates from these competitors:<\/p>\n

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