Updated
EverBank CD rates (formerly TIAA Bank) are among the highest we've seen. If you're interested in putting your money to work for you, EverBank CDs may interest you. These CDs require a minimum deposit, unfortunately, so they're not right for everyone. In this EverBank CD review, you'll learn more about EverBank CD rates, see how they rank compared to the competition, and find out whether a EverBank CD is right for you.
EverBank CD rates for December 2023
Rates as of Dec. 6, 2023
APY = Annual Percentage Yield
Term
EverBank Basic CD
6 Mo.
9 Mo.
1 Yr.
1.5 Yr.
2 Yr.
3 Yr.
4 Yr.
5 Yr.
4.00%
5.50%
4.75%
4.60%
4.40%
4.10%
4.05%
3.95%
Compare EverBank CD rates
EverBank CD rates consistently rank towards the top of our best CDs list for several term lengths. Compare CD rates below to find the right CD account for your needs.
Rates as of
| Bank & CD Offer | APY | Term | Min. Deposit | Next Steps |
|---|---|---|---|---|
Member FDIC.
| APY: 5.20% | Term: 1 Year | Min. Deposit: $2,500 | |
| APY: 5.51% | Term: 1 Year | Min. Deposit: $1 | |
Member FDIC.
| APY: 5.50% | Term: 1 Year | Min. Deposit: $0 | |
|
| APY: 5.51% | Term: 9 Months | Min. Deposit: $1 | |
Member FDIC.
| APY: 4.75% | Term: 1 Year | Min. Deposit: $500 |
Sorry, we didn't find any CDs that meet those criteria.
EverBank CD review
EverBank's CDs may be a good fit for your long-term savings. Below, we'll review the details you need to know to find out if this is the right option for you.
EverBank Basic CD
PROS
- Competitive rates
- No monthly fees
- Multiple term lengths
CONS
- High minimum deposit
EverBank Basic CDs pack in the trifecta of CD essentials, including competitive rates, no monthly fees, and a diverse range of terms from three months to five years. But keep in mind that EverBank Online CDs do require a $1,000 minimum deposit to open. If you're just starting out with CDs, you may want to consider one of the many banks that offers a no-minimum CD.
Rates as of Dec. 6, 2023
APY = Annual Percentage Yield
EverBank Basic CD
MINIMUM DEPOSIT $1,000
| 6 Mo. APY | 9 Mo. APY | 1 Yr. APY | 1.5 Yr. APY | 2 Yr. APY | 3 Yr. APY | 4 Yr. APY | 5 Yr. APY |
|---|---|---|---|---|---|---|---|
| 4.00% | 5.50% | 4.75% | 4.60% | 4.40% | 4.10% | 4.05% | 3.95% |
Other EverBank CD accounts
EverBank also offers the following CD accounts:
- Bump Rate CDs
- CDARS CDs
FAQs
-
A EverBank CD is perfect for people with at least $1,000 to deposit into a CD account to earn high-yield interest. It's also a good option for people who prefer online and mobile banking access since EverBank is a full-service online bank.
-
EverBank CDs offer competitive interest rates at most term lengths regardless of CD type. EverBank has a CD to match almost every customer's needs.
-
If you want to open a EverBank CD, your best bet is to opt for a EverBank Online CD, which earns the highest rate among EverBank’s CD options. It does require a deposit of $1,000, but you'll be able to maximize your savings at a higher rate.
Our Banking Expert
Kevin Payne is a freelance writer and family travel and budget enthusiast behind FamilyMoneyAdventure.com. His work has been featured in Forbes Advisor, Credible, CreditCards.com, Bankrate, SlickDeals, Finance Buzz, Student Loan Planner, and more. Kevin lives in Cleveland, Ohio with his wife and four teenagers.
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