EverBank CD Rates for 2025: What You Need To Know Before You Open One
Written by
Sarah Sharkey
Edited by
Melanie Grafil
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EverBank CD rates are a great option for savers, especially for those seeking short- to mid-term CDs. With terms from three months to five years, EverBank Performance CDs offer flexibility, daily compounding and no monthly maintenance fees.
Current EverBank CD Rates: August 2025
Here’s a quick look at current EverBank CD rates and terms:
| Term | APY | Minimum Deposit |
|---|---|---|
| 3 months | $1,000 | |
| 6 months | $1,000 | |
| 7 months | $1,000 | |
| 9 months | $1,000 | |
| 1 year | $1,000 | |
| 13 months | $1,000 | |
| 18 months | $1,000 | |
| 2 years | $1,000 | |
| 25 months | $1,000 | |
| 30 months | $1,000 | |
| 3 years | $1,000 | |
| 4 years | $1,000 | |
| 5 years | $1,000 |
Types of CDs Available at EverBank
EverBank offers Performance CDs with terms ranging from three months to five years. These high-yield CD options give you a chance to get more value out of your savings.
In addition to Performance CDs, EverBank offers CDARS CDs, which amount to jumbo CDs with exceptionally high funding limits. For example, you can open a CD with a three-month to one-year term with a deposit of up to $12 million.
Key Features of EverBank CDs
EverBank CDs come with the following key features:
- Competitive rates: EverBank CD rates are competitive compared to many national banks.
- Minimum deposit required: You must deposit at least $1,000 to open an EverBank CD.
- FDIC insurance: The funds in an EverBank CD are FDIC-insured for up to $250,000 per person, per account type.
- Straightforward online banking: EverBank offers online banking tools to seamlessly manage your funds.
- Compounding: EverBank Performance CD interest is compounded daily and credited monthly to your account.
Early Withdrawal Penalties
As with most CDs, you’ll face an early withdrawal penalty if you need to access your funds early. The size of the penalty varies based on the term of your CD.
| CD Term | Days of Interest Penalized |
|---|---|
| 3 months | 22 |
| 6 months | 45 |
| 9 months | 68 |
| 1 year | 91 |
| 1.5 years | 136 |
| 2 years | 182 |
| 2.5 years | 228 |
| 3 years | 273 |
| 4 years | 365 |
| 5 years | 456 |
After Your CD Matures
A CD rollover occurs when your CD is rolled over into a new CD with the same term length. You can choose to do this automatically. It might be a convenient option if you prefer to automate all of your savings. Alternatively, you can choose to withdraw the funds to use as needed.
Pros and Cons of EverBank CDs
Every financial product has advantages and disadvantages, including EverBank CDs.
| Pros | Cons |
|---|---|
| Attractive interest rates | Requires a minimum deposit of $1,000 |
| No monthly maintenance fees | Early withdrawal penalties apply |
| FDIC insured up to $250,000 | Limited physical branch locations |
| Wide range of CD terms, from 3 months to 5 years | Mobile app has low user ratings |
How EverBank CD Rates Compare to Competitors
EverBank isn’t the only financial institution offering CDs. When opening a CD, it’s a good idea to shop around to lock in the best rates for your situation.
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
No monthly fee
Early withdrawal penalty may apply
No monthly service fee
APY
APY
APY
to
Up to
Up to
Min Opening
Min Opening
Min Opening
$1000
$0
$1,000
Here’s how EverBank CD rates stack up against other banks:
| Financial Institution | CD Term | APY | Minimum Opening Deposit |
|---|---|---|---|
| EverBank | 1-year | $1,000 | |
| Synchrony Bank | 1-year | $0 | |
| Bask Bank | 1-year | $1,000 | |
| E*TRADE | 1-year | $0 |
How To Open an EverBank CD Account
If you want to open an EverBank CD, use the steps below as a guide:
- Head to EverBank’s website: Select the CD you have in mind and opt to “open an account.”
- Provide electronic consent: You must e-sign a document that provides consent for EverBank to create electronic records for you.
- Provide information: Be prepared to share your name, address, Social Security number and funding account information
- Fund the account: In order to finalize the account, you must fund it with at least $1,000.
Other Savings Options Offered by EverBank
Beyond CDs, EverBank offers other opportunities for savers, which include:
- EverBank Performance Savings: This account doesn’t have a monthly fee or minimum balance requirement. Your funds can earn APY.
- EverBank Performance Money Market: This account is currently offering a APY and comes with access to checks and a debit card. You won’t pay a monthly fee for this flexible account.
EverBank offers high-yield account options to savers seeking to make the most of their funds. The financial institution even offers a high-yield checking account with APY to put your funds to good use.
EverBank CD rates may not be the highest, but they are competitive if you’re looking for a mix of flexible term options, daily compounding interest and the convenience of online banking. Just make sure the $1,000 minimum deposit fits your budget, and compare CD rates from other banks and credit unions before committing.
Is an EverBank CD Right for You?
If you’re thinking about opening a CD with EverBank, here are some tips to help you decide who the bank is for and who might not benefit.
Ideal for:
- Those who want competitive, high-yield APYs
- Those who are more comfortable with banking online
- Those who can leave their money untouched for the term length.
Not great for:
- Those who need more flexibility with how often they access their money.
- Those who prefer in-person banking.
- Those who want higher returns than what the current APYs offer.
EverBank CD Rates FAQ
Here are the answers to some of the most frequently asked questions about EverBank CD rates and features.- What is the minimum deposit for an EverBank CD?
- You'll need to make a deposit of at least $1,000 to open a CD at EverBank.
- Can you add funds to an existing CD?
- After the grace period passes, you cannot add funds to an existing CD. If you have more funds to tuck away, consider opening another CD.
- What happens when an EverBank CD reaches maturity?
- When your CD is close to maturity, you can do the following:
- Allow it to renew automatically.
- Remove funds and deposit them into a new CD account.
- Make a penalty-free withdrawal of all funds.
- EverBank will notify you 20 days before your CD's maturity date and you'll have a grace period of 10 calendar days to take any action. If you don't close the CD or make any changes, it will automatically renew for the same term, but at the APY EverBank is offering for that term at the time of renewal.
- When your CD is close to maturity, you can do the following:
- Are EverBank CDs a good choice for short-term savings?
- If you plan on using the funds in the short term, an EverBank CD might not be the right fit. But if you plan to use the funds over three months from now, then tucking your savings into a short-term EverBank CD could be a good option.
- Do I need an EverBank account to open a CD?
- You do not need to have an existing EverBank account to open a CD, though you must go through the usual online account opening process to start your CD term.
- What happens if I withdraw before the term ends?
- You will need to pay an early withdrawal penalty if you withdraw from your EverBank CD before the term ends. The amount you'll pay depends on the CD term's length. For example, a 1-year CD at EverBank will charge 91 days of simple interest if you withdraw it early.
- Are EverBank CD rates competitive in 2025?
- Yes, EverBank CDs are one of the most competitive currently, especially when you compare them to the national averages. You'll need at least $1,000 minimum deposit. The highest APY for an EverBank CD right now is 4.10% for its 7- and 13-month CD.
More About EverBank
Andrea Norris contributed to the reporting for this article.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Aug. 1, 2025.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
