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EverBank (NYSE: EVER) is a financial services company that provides banking, mortgages and investing services.
They are based in Jacksonville, Florida and if you’re from the area you probably know about EverBank Field, host of the Jacksonville Jaguars.
While EverBank’s mortgages are quite popular for the company, they also do a great job providing online banking products and brokerage services with EverTrade Direct Brokerage. All in all, they’re doing good things and have over 25 billion in total assets.
We’ll focus on EverBank’s best banking products in this article, which includes their high-interesting checking, money market, and CD(Certificate of Deposit) account options. These online banking products are available to everyone nationwide.
EverBank’s Yield Pledge Checking And Bonus Offer
Updated bonus intro rate
EverBank’s Yield Pledge Checking is an online interest earning Checking account, and is a very respectable option if you’re in the hunt for one. It makes it onto our list of the best free Checking accounts.
The rates for just about all interest earning Checking accounts can vary, and that’s why EverBank sets themselves apart with a guarantee. The account gets its name from the promise to keep the yield in the top 5% of competitive accounts, which are accounts from the top 5 banks and top 5 thrifts in the United States.
If you’ve been banking locally with all the brick-and-mortar big banks around, likely you’ve come to realize their checking accounts don’t offer much in terms of earning interest. This goes for Chase, Bank of America, Citibank, Wells Fargo, etc.
This is an online only Checking account, and EverBank does not own or operate any ATMs. A benefit of this is that they will refund ATM fees automatically every month on accounts with a minimum average daily balance of $5,000.
Similar to the major banks, EverBank is an FDIC insured federal savings bank, with the standard insurance limit of $250,000.
Special Bonus Rate For New Customers
New customers to EverBank’s Yield Pledge Checking get a special bonus rate.
Below are the current rates:
| Bonus 1-Year Intro APY: 1.21% On Balances Up To $250,000 | |
| Balances | Ongoing APY |
| $100,000 – $10,000,000 | 0.71% |
| $50,000 – $99,999.99 | 0.61% |
| $25,000 – $49,999.99 | 0.51% |
| $10,000 – $24,999.99 | 0.46% |
| $0 – $9,999.99 | 0.25% |
| * First year APY reflects a 1-year introductory rate available to first-time checking clients on balances up to $250,000. Ongoing APYs otherwise apply. | |
The Yield Pledge Checking Account Features:
- $5,000 Minimum opening balance
- EverBank ATM fee = $0
- Unlimited ATM reimbursements with minimum $5,000 balance
- Free Online & mobile banking
- Make deposits from home free
- Use the EverBank Mobile App to deposit checks, check balances, pay bills, and transfer funds
- Additional online security
We keep all the best Checking Account offers updated here. Great offers can be had from banks like Chase, TD Bank and Regions consistently.
- Chase Coupon Promo Codes: $200, $300, $350, $500 (April 2018)
- EverBank Review: Checking, Money Market, CD Promotions And Bonuses
- BBVA Compass Bank Promotions: $150, $200, $250 Checking/Savings Bonuses
- Capital One 360 Review: $100 To $1,000 In Bonuses & Promotions
- Salem Five Bank Checking, Savings, CD Promotions
- Simple Bank Review & Bonus Offer: Unlimited $20 Referrals
- Ally Bank Online Checking, Savings, CD, Investing Promotions
MoneysMyLife Top Offer Picks  Earn a $200 bonus when you open a new Chase Total Checking® account and set up direct deposit. Also earn a $150 bonus when you open a new Chase SavingsSM account, deposit a total of $10,000 or more in new money within 10 days & maintain a $10,000 balance for 90 days. Apply for both offers and get a $350 total bonus. Full Review Get $300 when you open a new Chase Premier Plus CheckingSM account and set up direct deposit. This account has more features than the Chase Total Checking® and the monthly service fee can be waived with a few different requirement options. A $300 Checking bonus is one of the best offers from Chase Bank. Full Review Earn $200 when you open a new Chase Total Business Checking® account, deposit $1,000 in new money within 10 business days of account opening, maintain that balance for 60 days and complete five qualifying transactions within 60 days. This is the most popular Business Checking offer.Full Review |
Apply online for a new TD Bank Checking account to earn either a $300 bonus for the TD Premier Checking account ( $2,500 in direct deposits required), or a $150 bonus for the TD Convenience Checking account ($500 in direct deposits required). This is a limited time offer. 
Earn up to 25,000 bonus miles worth $250 in travel every year with the Barclays Arrival® Premier World Elite Mastercard®. Without an initial sign-up bonus, this credit card is intended for high spenders looking for a card to carry for the long-term. The card will earn unlimited miles at the rate of 2 miles per $1 spent on all purchases regardless of category. 
The HSBC Cash Rewards Mastercard® has a sign-up bonus of $150 when you spend at least $500 on purchases within the first 3 months of account opening. This credit card will also earn an ongoing 1.5% cash rewards rate on all purchases and has no foreign transaction fees. There is no annual fee with this card. 
CIT Bank is offering a 1.75% APY rate with their Money Market Account for all balances. This account is available online nationwide and consistently offers one of the best rates in the nation. The minimum opening deposit is $100 and there are no fees for opening or maintaining the account. 
Ally Invest has a promotion where you can earn either 90 days of commission-free trades or a $200 cash bonus. The $200 bonus will require a deposit of at least $25,000 within 15 days of account opening and the execution of 3 trades within 90 days. The free trades offer will require a $10,000 minimum deposit. 
Simple Bank has an offer where you can earn a $20 bonus after opening their free online Checking account that's available nationwide. You'll then be able to earn unlimited $20 referral bonuses. Direct deposit isn't a requirement and all you and your referrals need to do is open a new account and use the Simple Visa debit card to make a first purchase. EverBank Yield Pledge Money Market Bonus Rate
Money market accounts are basically an alternative to a traditional savings account where the interest rate is typically higher, along with the minimum account balance requirement being higher as well.
While you do have access to the funds (compared to CDs, where you don’t without a penalty), you’re limited to 6 typical transfers or withdrawals per month due to federal regulations. Withdrawals that don’t count towards this limit are those by ATM, in person, by mail, by messenger or by telephone.
EverBank’s Yield Pledge Money Market account requires a $5,000 minimum to open. In reference to its name, this account also pledges to stay in the top 5% of all competitive accounts.
Also, there is no monthly fee for this account.
Here are the interest rates/APYs:
| *Bonus 1-Year Intro APY: 1.50% On Balances Up To $250,000 | |
| Balances | Ongoing APY After 1 Year Promo |
| $100,000 – $10,000,000 | 1.35% |
| $50,000 – $99,999.99 | 1.25% |
| $25,000 – $49,999.99 | 1.15% |
| $10,000 – $24,999.99 | 1.10% |
| $0 – $9,999.99 | 1.05% |
| * First year APYs on balances up to $250,000 for first-time money market clients. Ongoing APYs apply to 1) amounts over $250,000 during the 1-year introductory period; and 2) all balances after the 1-year introductory period. | |
As you can see, there is also a Bonus Interest Rate for the EverBank Yield Pledge Money Market account.
So why would you choose to put your savings in a money market account? People typically make this decision when they want to earn more than a traditional Savings account, yet want to have access to the funds just in case, as opposed to a CD (Certificate of Deposit) account. Plus, there is no risk like there is if you put the funds in the stock market, 401K, etc.
Click the button to learn more at EverBank.com.
CIT Bank and BBVA Compass both have great money market accounts worth considering. The following banks also have top Money Market Account options (visit our best Money Market rates page here):
- CIT Bank Promotions: Online Money Market Account Earns 1.75% APY
- EBSB Direct Online Savings, Money Market, CD Promotions
- MYSB Direct (M.Y. Safra Bank) Online CD Rate Offers, Promotions
- EverBank Review: Checking, Money Market, CD Promotions And Bonuses
- BBVA Compass Bank Promotions: $150, $200, $250 Checking/Savings Bonuses
- Sallie Mae Banking: Money Market, Savings, CDs Promotions
- Capital One 360 Review: $100 To $1,000 In Bonuses & Promotions
- My Banking Direct Review: $150 Checking Account Bonus
- Northern Bank Direct Online Money Market & CD Account Offers, Promotions
- State Bank Of Texas Savings, Money Market, CD Account Promotions
- First Internet Bank Review: Checking, Savings, CD Promotions
- ableBanking Money Market Savings & CD Promotions
EverBank Yield Pledge CD Bonus
As you may have guessed by now, EverBank’s Yield Pledge CD option also promises to yield in the top 5% of competitive accounts. These are actually some of the best CD rates in the market for certain terms. We list some competitors below for comparison.
The minimum to open here is $5,000 and there is no monthly fee. Again, you make the choice of a CD when you can leave the funds untouched for the term of the CD.
Here are the current APY rates:
| Term | APY |
| 3 month | 1.25% |
| 6 month | 1.45% |
| 9 month | 1.60% |
| 1 year | 2.10% |
| 1.5 year | 2.23% |
| 2 year | 2.35% |
| 2.5 year | 2.30% |
| 3 year | 2.50% |
| 4 year | 2.60% |
| 5 year | 2.70% |
| * Interest rates and APYs shown for balances up to $1 million. Call for additional rates. | |
See my guide on the best CD rates here. Synchrony Bank and Popular Direct have good reputations for great rates. Below are some of the top CD accounts for comparison.
- CIT Bank Promotions: Online Money Market Account Earns 1.75% APY
- Synchrony Bank Online Savings, CD, Money Market Promotions
- EverBank Review: Checking, Money Market, CD Promotions And Bonuses
- Popular Direct Online Savings And CD Account Promotions
- Virtual Bank Checking, Money Market, CD Promotions & Offers
- Live Oak Bank Online Savings And CD Offers, Promotions
- Salem Five Bank Checking, Savings, CD Promotions
- Barclays Bank Review: Savings And CD Account Offers, Promotions
- Crestmark Bank Online CD Account Promotions Available Nationwide
- Ally Bank Online Checking, Savings, CD, Investing Promotions
*These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.