EverBank Checking Account Review

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Like most people, you probably don’t expect to earn much from your checking account. An interest-bearing checking account offers an additional savings opportunity, if you maintain a high balance. But with average checking account rates today standing at just 0.23% APY, according to a recent GOBankingRates survey, these products aren’t exactly a popular option for reaching savings goals.

This doesn’t mean that you should reject the idea of an interest checking account. Instead, you need a checking account that can offer the highest return on your money, such as Yield Pledge Checking with EverBank.

Headquartered in Jacksonville, Fla., EverBank is committed to changing the way you bank by providing online tools to simplify the banking experience, as well as products to help you take control of your finances.

If you’re ready to take a different approach to saving money, here’s what you can expect from an EverBank checking account.

EverBank Review: Yield Pledge Checking

1. Attractive EverBank Checking Account Rates

Since EverBank promises to “keep your yield in the top 5% of competitive accounts,” you can rest easy knowing that you’re earning one of the best checking account rates in the industry — a necessity if you’re trying to reach your savings goals sooner rather than later.

Open an account today and you’ll receive an ongoing rate between 2.20% and 2.80% APY depending on your balance.

2. No Monthly Service Fees at EverBank

Monthly service fees can be one of the biggest drawbacks to finding affordable banking. However, EverBank doesn’t nickel-and-dime its customers. For that matter, there are no monthly fees; and with free bill pay, managing your accounts and bills has never been easier or more convenient.

3. Option for ATM Reimbursements

You might hesitate opening an online bank account because you don’t want to get hit with massive ATM fees. This is a valid concern — one that EverBank acknowledges. With that said, you won’t get charged ATM fees when withdrawing cash from ATMs anywhere in the country. And, as a bonus, if you’re able to keep your checking account balance above $5,000, EverBank will automatically reimburse 100 percent of ATM fees charged by other financial institutions.

4. EverBank Online Banking and Mobile Banking

It doesn’t make sense to drive to the bank when you can conduct the majority of your financial transactions online. It doesn’t matter where you live or work; you can manage an EverBank account 24 hours a day, seven days a week — and you’re not limited to only checking your account balance. Use EverBank online banking and mobile banking to transfer money, send money, find a nearby ATM or even deposit a check through the EverBank mobile banking app or by scanning and sending a check online. It’s fast, simple — and, most importantly, free.

Getting Started with EverBank

Yield Pledge Checking from EverBank takes interest checking to another dimension. Get started today with a minimum deposit of $5,000. To experience an EverBank checking account for yourself, visit the bank’s website, complete an application and then fund your account.