For new customers only, Everbank offers 1-Year Intro rate of 1.11% APY on their Yield Pledge Money Market Account up to $250K, Yield Pledge Checking up to $250K, and Small Business Checking up to $250K. The rate applies to first-time account holders for up to $250,000 balances. New clients simply need to visit the EverBank’s website, open an account, and reach account balance requirements to start earning a higher yield! This is an extraordinary opportunity to make the most of your savings and maximize the return on your money. The intro rate applies up to $250K for the money market account and up to $250K for the checking account. You must be first-time holders of these accounts to qualify.
EverBank is a Florida-based financial institution that operates both an online banking division and physical branches. EverBank online banking provides a modern and secure platform for customers to complete account management duties like paying bills, monitoring account activity, transferring funds, and checking account balances. Furthermore, EverBank provides users a mobile app so they can make all transactions via smartphone.
EverBank is a publicly traded company that was originally organized as First Alliance Bank with the FDIC in 1998. Soon after being established, the bank obtains Mercantile Bank’s world currency division in order to offer accounts that consist of foreign currencies. The bank is headquartered in Jacksonville, Florida, and runs several branches throughout the city as well as over the state of Florida.
EverBank Money Market Rates
|1.11%||$250k||Yield Pledge Money Market – First Time Client (1st Yr)|
|0.61%||$10m||Yield Pledge Money Market – Ongoing Client|
|0.56%||$1m+||Business Money Market|
EverBank MMA Review
The main requirement is you have to start with at least $5,000 to earn 1.11% APY from EverBank. There is only a soft pull via ChexSystems and no monthly fee. This is an online bank so you do not have to be in Florida to sign up. You must keep in mind that this is only for the first year and the maximum amount is $250k. Features you’ll get is automatic reimbursements of all U.S. ATM fees with a minimum $5,000 balance, free online & mobile banking, and free paper checks & mobile check deposits. This is a straightforward account that you just sign up and receive.
1.11% APY is great on a Money Market Account. Also, it’s a bonus that there is no minimum balance to earn interest and you’ll get 6 transfers per month. This is an online bank which anyone can sign up for. The big catch is a minimum balance of $5,000, which is not terrible, but compared to other banks that have no minimum balance it’s quite steep. EverBank promises to always keep their yield in the top 5% of the nation’s competitive accounts, so this is a great opportunity to partner up with EverBank’s guaranteed high yield! See our list of Best Interest Rates!
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