If there’s such a thing as financial nirvana, EverBank might have created it with its Yield Pledge Checking Account — a high-yield banking product backed by a pledge to yield dividends, giving back returns without any less flexibility and control of a standard checking account.
From EverBank’s lineup of checking accounts, Yield Pledge Checking offers interest at 0.25% APY for all account balances between $0 and $9,999.99. But the interest rate is just one benefit; read on to find out more.
Checking Account Terms and Conditions
EverBank’s Yield Pledge Checking is advertised at 0.25% APY at base rate for deposits under $10,000, but the initial interest rate is higher. For the first year, account holders with balances up to $250,000 will earn a 1.21% APY introductory rate. Requirements and features include:
- An initial opening deposit of $5,000
- Top 5 percent yields always
- Zero monthly account fees
- Automatic bill pay
- Unlimited ATM fee reimbursements
- Access to mobile check deposits and online banking
Yield Pledge Checking is also secure, insured up to $250,000 by the Federal Deposit Insurance Corporation.
EverBank has been an everlasting and trusted source to help people build wealth and reach their goals. Consistently rated four stars by other financial sources, EverBank’s record of strength is in the numbers — as of 2013, the bank listed a total asset size of more than $17.6 billion.
Take a look at more high-dividend checking accounts.