Florida based EverBank has decreased their special 3-month introductory bonus interest rate for their Yield Pledge Money Market Accounts. The promotional money market rate offer has dropped from 2.51% to 2.25%. To qualify for the special introductory rate deposits must meet the following terms:
- Minimum opening balance of $1,500 required
- No fees apply if minimum balance of $5,000 is maintained, otherwise a monthly $8.95 service fee will apply
- Based on the calculations of the promotional rate and the subsequent reduction to an of 1.25% variable interest rate, the APY will equal 1.51%
- The introductory 3 month rate applies a $50,000 on deposit
The offer applies to new EverBank customers taking advantage of the Yield Pledge Money Market Account offer and applications for the promotion can be completed online. Everbank’s current money market rate is 1.26%.
Other Terms and Conditions may apply. Additionally, rates may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.
Related Money Market Articles
- Money Market Account Rate Deal of the Day: Washington Community Federal Credit Union at 0.75% APY
- Money Market Account Rate Deal of the Day: Advantage Credit Union at 1.01% APY
- Money Market Account Rate Deal of the Day: Members First Credit Union at 0.80% APY
- Money Market Account Rate Deal of the Day: Gundersen Lutheran Credit Union at 0.85% APY
