EverBank Review and Comparison Guide

EverBank is a well-established online bank that offers a range of financial services, including checking and savings accounts, CDs, and loans. EverBank has been around since 1983.

EverBank's customer service is available 24/7 through phone, email, and online chat. They also offer a mobile banking app for easy account management on-the-go.

EverBank's interest rates on CDs are competitive, with rates ranging from 2.50% APY to 4.50% APY, depending on the term length.

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EverBank was founded in 1983 and is headquartered in Jacksonville, Florida. It has since grown to become one of the largest banks in the country.

EverBank offers a range of financial services, including personal and business banking, investment services, and insurance.

EverBank's parent company, TIAA, is a leading provider of financial services in the US.

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EverBank offers a variety of account options to suit different financial needs.

You can open a checking account with EverBank, which comes with a debit card and online banking access. EverBank's checking account has no monthly maintenance fees and no overdraft fees.

EverBank also offers a savings account with a competitive interest rate, allowing your money to grow over time.

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When choosing an account, it's essential to consider the minimum deposit requirements. EverBank CDs, for example, require a fairly high minimum deposit of at least $1,000 upfront.

You can easily ladder these accounts by opening multiple accounts at a time with varying maturity dates, giving you more flexibility.

EverBank offers a range of account types, including Savings & MMAs and CDs.

Here are the account types offered by EverBank:

Yield Pledge Checking offers a great combination of earning interest and avoiding fees. Earns interest, so your money grows over time.

One of the best features of Yield Pledge Checking is that it has no monthly service fee. This means you can bank with them without worrying about extra charges.

You'll also appreciate that there are no out-of-network ATM fees. This is especially helpful if you travel or need to access cash from different locations.

Another perk is that Yield Pledge Checking offers free overdraft protection if you link your checking account to another bank account. This can provide peace of mind and help you avoid unexpected fees.

Here are some key benefits of Yield Pledge Checking:

The Yield Pledge Money Market Fund is a great option for those looking for a low-maintenance savings account. It offers competitive interest rates, with a tiered-rate system that rewards higher balances.

You can earn up to 4.30% APY on balances of $10,000 or more, making it a solid choice for those who can save a bit more. This rate is compounded daily and deposited monthly, so you can watch your savings grow over time.

One of the standout features of this account is the availability of a debit card and checks. This makes it easy to access your savings when you need it, without having to worry about fees or restrictions.

Here are some key benefits of the Yield Pledge Money Market Fund:

Additionally, if you have a balance under $5,000, you'll receive $15 per month in out-of-network ATM fee reimbursements. If you have a balance of $5,000 or more, you'll receive unlimited out-of-network ATM fee reimbursements. This can be a big plus for those who travel or need to access their money on the go.

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EverBank offers a range of CD terms, from 3 months to 5 years.

You can choose from 10 different terms, making it easy to create a CD ladder if you'd like.

The minimum deposit for all terms is $1,000.

EverBank's CD rates are competitive, with APYs ranging from 3.50% to 4.00%.

Here's a breakdown of the APYs for each term:

Keep in mind that early withdrawal penalties can be hefty, ranging from 22 days to 456 days of simple interest.

EverBank's customer service has received praise from many users, with some noting that their representatives are knowledgeable and willing to help resolve issues.

EverBank offers a range of financial products, including checking and savings accounts, CDs, and loans. Their rates for these products are competitive, with some CDs offering yields of up to 2.25% APY.

EverBank's mobile banking app allows users to manage their accounts and transfer funds on the go, and it's received positive reviews for its ease of use and functionality.

We used Insider's bank account methodology to rate EverBank savings, checking, CDs, and money market accounts.

Our review process involves evaluating the company's ethics, security, miscellaneous features, security, customer service, and mobile app. We consider other factors depending on the type of account, such as overdraft fees for checking accounts and early withdrawal penalties for CDs.

We assign each category a score between 0 and 5, and then use a weighted average to get our star rating. This means we weigh certain features, like interest rates and fees, at a higher weight percentage than others.

EverBank's ratings are based on a thorough evaluation of its banking services. We consider multiple factors to provide an accurate and comprehensive review.

Here's a breakdown of the features we evaluated for EverBank:

EverBank has also received an A+ rating from the Better Business Bureau, indicating that the company responds effectively to customer complaints and is transparent about its business practices.

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Comparing different products or services can be a daunting task, but by considering several key factors, you can make an informed decision.

The price is often a major factor in comparisons, as it directly affects the value you receive for your money. For example, a recent comparison of smartphones revealed that the most expensive option was $1,500, while the cheapest was $300.

Understanding the features and specifications of each product is crucial to making a fair comparison. For instance, a comparison of laptops highlighted the importance of processor speed, RAM, and storage capacity.

In some cases, reviews from other users can provide valuable insights into the pros and cons of a product. A comparison of TVs, for instance, included reviews from 500 users, highlighting the strengths and weaknesses of each model.

Ultimately, the best comparison is one that takes into account your specific needs and preferences. By weighing the pros and cons of each option, you can make a decision that's tailored to your lifestyle.

Synchrony Bank offers a range of CD terms, including 16-month and 19-month options, giving you more flexibility than EverBank.

Synchrony's CD rates range from 0.25% to 4.35% APY, making it a competitive option for savers.

Synchrony's savings account includes an ATM card, allowing you quick access to your cash.

Synchrony does not offer a checking account, so you may need to look elsewhere for a complete banking solution.

Synchrony's no-penalty CD pays 0.25% APY, making it a low-risk option for those who want flexibility.

Synchrony's 2-year bump-up CD pays 3.00% APY and lets you request a rate increase once during the term.

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Sterling Bancorp shareholders have voted overwhelmingly in favor of the sale of Sterling Bank and Trust to EverBank Financial Corp, with over 99% of votes cast supporting the transaction.

The sale is subject to customary closing conditions, including obtaining necessary regulatory approvals, and is expected to be finalized in the first quarter of 2025.

The detailed voting results from the special meeting will be included in Sterling Bancorp's Form 8-K, anticipated to be filed around December 20, 2024.

Sterling Bancorp's shareholders have given the green light to the sale of Sterling Bank and Trust to EverBank Financial Corp and the Plan of Dissolution.

The vote was overwhelmingly in favor, with more than 99% of the votes cast supporting the sale and dissolution. This translates to 74% of the outstanding shares being voted in favor of the transactions.

The special meeting was held virtually, and the company's President and Chief Executive Officer, Thomas O'Brien, expressed his satisfaction with the outcome.

The completion of the sale is subject to meeting customary closing conditions, including obtaining necessary regulatory approvals. Assuming these conditions are met, the Company anticipates finalizing the sale transaction in the first quarter of 2025.

A press release issued by Sterling Bancorp announced that the detailed voting results from the Special Meeting will be included in the Company's Form 8-K, anticipated to be filed around December 20, 2024.

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EverBank has launched a Specialty Deposit division to enhance its fiduciary client services. This division will provide customized banking solutions to clients.

EverBank's expansion into fiduciary banking capabilities is a significant move. It allows the bank to cater to the unique needs of its clients.

The Specialty Deposit division will offer a range of services to clients. These services will be tailored to meet their specific banking requirements.

EverBank's focus on fiduciary banking is a testament to its commitment to client satisfaction.

EverBank has opened a new financial center in Roseville, California.

This new location is EverBank's latest addition to the West Coast.

EverBank, N.A. is a national specialty bank serving clients across the United States.

It's great to see businesses expanding and offering more services to their customers.