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2.25% APY Money Market for 3 months at EverBank
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Offered by: EverBank
EverBank Money Market Account for new customers: 2.25% bonus rate for the first 3 months and then a first year APY of 1.77% for accounts up to $50K. Get peace of mind and high rates with EverBank.
Rates start high and stay high:
- $1500 initial deposit
- free, award-winning online and mobile banking
- up to 6 withdrawals a month
- EverBankYield Pledge: your ongoing yield will always be in the top 5% of competitive accounts as tracked in the Bankrate.com National IndexTM of leading banks and thrifts
- For accounts over $50K: only the first $50,000 will earn the bonus interest rate of 2.51%, and all amounts above that that will earn the current rate of 1.50%
EverBank is an Equal Housing Lender and member FDIC.
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it's basically a bait-and-switch...you only get the good rate if you have $50k+ in your account. i'm at schwab and they pay only 0.75%, but they also reimburse 100% of atm charges worldwide and have unlimited free checks with no minimums or fees.
jaybird201 2 years ago
There is an $8.95 monthly fee if your account is < $5,000.00 This is not a good account to start off with if you're starting a new savings account and have a meager deposit. There's more gotchas in the fine print and the ~2% APY is only temporary. If you don't meet their qualifications you get their standard APY of 1.83%.
christoofar 2 years ago