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EverBank offers a wide variety of banking options with low or no fees, high APYs, and ATM access on most accounts. Some customers will qualify for out-of-network ATM fee reimbursements. It's a smart choice for those who want to manage all their accounts at one online bank.
Our methodology for scoring banks and credit unions revolves around evaluating key aspects such as annual percentage yield (APY), brand reputation, fees and minimum requirements, and additional perks.
These criteria are weighted differently across various account types, ensuring a comprehensive assessment that reflects the competitive landscape and economic conditions.
We strictly feature products that offer federal insurance and high customer satisfaction, keeping our recommendations unbiased by advertiser influence. This robust evaluation process helps us generate balanced, reliable best-of lists that guide consumers to top financial products.
Learn more about how Motley Fool Money rates bank accounts.
EverBank may be the right choice for you if:
EverBank Fee | Charge |
---|---|
Monthly maintenance fee | $0 |
ATM transaction fees | $0 |
Expedited bill payment | $4.95 to $14.95 |
Items sent for collection | $20 to $55 |
Legal processing fees | $50 to $100 |
Stop payment item | $25 |
Outgoing domestic wire transfer | $25 |
Outgoing international wire transfer | $35 to $65 |
The EverBank Performance℠ Savings account boasts a competitive APY with no monthly fees or balance minimums. Perfect for the casual and hardcore saver alike, the account requires $0 to open and offers mobile check deposits.
EverBank Performance℠ Savings
EverBank Performance℠ Savings has one of the top APYs on our savings account radar, especially among accounts that require no minimum deposit. There are no maintenance fees, and there are multiple options for making deposits into the account. For customers who live in Florida, there are several physical locations to visit.
Make sure you're getting the best account for you by comparing savings rates and promotions. Here are some of our favorite high-yield savings accounts to consider.
Account | APY | Promotion | Next Steps |
---|---|---|---|
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Open Account for American Express® High Yield Savings
On American Express's Secure Website.
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
|
3.80%
Rate info
3.80% annual percentage yield as of December 17, 2024. Terms apply.
Min. to earn: $0
|
N/A
|
Open Account for American Express® High Yield Savings
On American Express's Secure Website. |
![]()
Open Account for SoFi Checking and Savings
On SoFi's Secure Website.
Rating image, 4.50 out of 5 stars.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
|
up to 3.80%²
Rate info
You can earn the maximum APY by having Direct Deposit (no minimum amount required) or by making $5,000 or more in Qualifying Deposits every 30 days. See SoFi Checking and Savings rate sheet at: https://www.sofi.com/legal/banking-rate-sheet.
Min. to earn: $0
|
New customers can earn up to a $300 bonus with qualifying direct deposits!¹
|
Open Account for SoFi Checking and Savings
On SoFi's Secure Website. |
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Open Account for Capital One 360 Performance Savings
On Capital One's Secure Website.
Rating image, 4.50 out of 5 stars.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
|
3.70%
Rate info
See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of Feb. 6, 2025. Rates are subject to change at any time before or after account opening.
Min. to earn: $0
|
N/A
|
Open Account for Capital One 360 Performance Savings
On Capital One's Secure Website. |
EverBank offers three types of CDs -- EverBank Performance℠ CDs, CDARS® CDs, and Business CDs.
EverBank Performance℠ CDs come in 10 different terms ranging from three months to five years. Rates are pretty competitive, especially for short-term CDs, and the minimum opening deposit is set at $1,000 for all terms. Your CD will automatically roll over into a new CD at maturity unless you specify otherwise (EverBank will notify you 20 days in advance).
APY = Annual Percentage Yield
EverBank offers the typically available CD term lengths, and APYs on shorter ones are decent. But unless you've got at least $1,000 to open one, EverBank Performance℠ CDs won't be a fit. Member FDIC.
6 Mo. APY | 9 Mo. APY | 1 Yr. APY | 1.5 Yr. APY | 2 Yr. APY | 30 Mo. APY | 3 Yr. APY | 4 Yr. APY | 5 Yr. APY |
---|---|---|---|---|---|---|---|---|
4.00% | 3.90% | 3.90% | 3.70% | 3.75% | 3.50% | 3.50% | 3.50% | 3.50% |
EverBank's CDARS® CDs are targeted to those with a lot of savings who are concerned about exceeding FDIC insurance limits. The bank helps customers disperse their money between other banks in the IntraFi® network, so they can keep all of their money FDIC insured, up to $50 million.
Each CD term has a different funding limit. For instance, you can put $12 million in a CD with a 3-month term, while a 3-year CD has a funding limit of $500,000. CD rates are decent, but nothing to write home about, and you can select CD terms ranging from three months to three years.
EverBank Business CDs are similar to its EverBank Performance℠ CDs for personal banking customers. The big difference is that you'll need a slightly higher opening deposit ($1,500), plus you'll have to accept lower APYs for comparable terms.
Terms range from three months to five years, and, like its other CDs, terms on EverBank's Business CDs will rollover into new contracts unless you state otherwise.
Bank & CD Offer | APY | Term | Min. Deposit | Next Steps |
---|---|---|---|---|
Member FDIC.
| APY: 4.00% | Term: 1 Year | Min. Deposit: $0 |
Open Account for Discover® Bank CD
On Discover Bank's Secure Website. |
Member FDIC.
| APY: 4.35% | Term: 10 Months | Min. Deposit: $2,500 |
Open Account for
On Secure Website. |
Member FDIC.
| APY: 4.25% | Term: 6 Months | Min. Deposit: $500 |
Open Account for
On Secure Website. |
EverBank offers a personal checking account, plus a slew of different business accounts. Let's take a look more closely below.
The EverBank Performance℠ Checking is an interest-bearing account with no monthly fees and a small opening deposit of $100.
This account has a slew of perks, like ATM reimbursements, free official checks, and waived fees on debit card replacements. It also gives you plenty of ways to access your money, from ATMs to external transfers to mobile check deposits.
EverBank Performance℠ Checking
The EverBank Performance℠ Checking is a great fit for those who want no monthly fees. While those with larger balances will benefit the most from this account, just about everyone will appreciate the rare debit card protections and ATM fee reimbursements many other online checking accounts skip.
EverBank offers five different checking accounts for business owners. These accounts have many of the same features -- waived fees for certain account minimums, for instance -- but differ in their interest rates and fees. Here's a quick rundown of each account:
The EverBank Performance℠ Money Market Account is worth considering for those who don't want to choose between easy access to their cash and a competitive interest rate. It comes with a debit card and check-writing privileges, and there's no minimum balance requirement to open your account.
EverBank Performance℠ Money Market Account
This account is a strong option for folks who have short-term savings needs. It's also a good fit for those who want to earn a high rate of interest on their cash while also maintaining direct access to their funds when needed.
Here's a closer look about what EverBank's customers had to say about its services.
EverBank has few online reviews.
Under its previous name, however, it fared poorly in J.D. Power's 2022 U.S. Direct Banking Satisfaction Study, falling in the bottom four scoring institutions. EverBank itself has yet to appear in one of these surveys.
The only branch locations for EverBank are throughout Florida. While there are ATM locations across the U.S., the best way to contact customer support is by phone.
You can call EverBank's customer service at 1-888-882-3837 on weekdays from 8 a.m. to 8 p.m. ET and on Saturday from 9 a.m. to 7 p.m. ET.
EverBank recently released its own mobile apps under its own name after previously partnering with another bank for mobile banking services. The new apps have mixed reviews so far, but this is only based on the word of a few customers.
EverBank has a few branches throughout Florida. Specifically, they're located in Jacksonville, Clearwater, Boca Raton, Coral Gables, Fort Lauderdale, Naples, and Fort Myers.
If EverBank doesn't interest you, here are a couple of banks that might.
TD Ameritrade (now at Schwab) is a company known for its brokerage accounts. It offers checking accounts, savings accounts, and CDs. Note its selection of CDs is small compared to EverBank. TD Bank has a reputation for providing excellent customer support, making it a good fit for those who place a strong emphasis on customer service.
Charles Schwab Bank is yet another broker offering banking services. It has a good selection of accounts, including checking, savings, and CD accounts. Like TD Bank, it's also fared well in customer satisfaction surveys. But its interest rates aren't quite as competitive as EverBank's.
EverBank has FDIC insurance up to $250,000 per depositor, per account ownership category. So, yes, it's a safe financial institution for your money.
The EverBank savings account rate is currently 4.30%. This is among the best savings account interest rates available today.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Motley Fool Money does not cover all offers on the market. Motley Fool Money is 100% owned and operated by The Motley Fool. Our knowledgeable team of personal finance editors and analysts are employed by The Motley Fool and held to the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.