EverBank Review: Top-Rated CDs and Money Market Accounts
Written by
Rudri Patel
Edited by
Elizabeth Constantineau
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Earn a great APY on a high-yield savings account with a $0 opening deposit requirement.
EverBank is an online bank with a few physical branches in Florida and California. The bank stands out for its competitive savings and CD rates, making it a strong choice for customers seeking higher yields.
EverBank is an online-first bank with a few physical branches in Florida and California offering checking, savings, money market accounts and certificates of deposit (CDs). Yields on both CDs and savings accounts are competitive.
GOBankingRates has ranked it among the Best Banks of 2025 for having the best high-yield savings account and one of the best money market accounts.
EverBank Checking Account
Although EverBank is primarily an online bank, it also has branches in California and Florida. Customers still get full access to mobile check deposits and a nationwide ATM network, making it easy to manage everyday banking needs. EverBank offers two low-fee checking account options: EverBank Checking and EverBank Performance Checking.
- Opening requirements: $25 for Checking and $100 for Performance Checking
- Key features: Free online bill pay, no monthly maintenance fee and ATM reimbursements if you meet balance requirementsÂ
- Annual percentage yield (APY): Performance Checking earns APY on all balances
- Overdraft policy: No overdraft fees. Overdraft protection is available by request and linking another EverBank account.
Best For
Money Market Accounts
High-Yield Savings Accounts
Great APYs
Low Monthly Fees
No Overdraft Fees
An Appealing High-APY Checking Account Option
EverBank’s checking account offers customers a higher-than-average APY, doesn’t charge service fees and allows ultra-low minimum deposits to open accounts. They’re a solid option for customers who value high APYs.
Fees
No monthly service fees
APY
Min Opening
$25 to $100
Pros
- Low minimum deposits
- Performance checking offers competitive APYs
- Free online bill pay
- ATM fee reimbursement
Cons
- Limited physical branches
- No interest earned on EverBank Checking
Why We Like EverBank
EverBank’s checking accounts appeal to those seeking low minimum deposits and the opportunity to earn a competitive APY. The fee-free ATM network helps access cash locally or on the go.
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EverBank Savings Accounts
EverBank offers a high-yield savings account option, the EverBank Performance Savings account. Although the national online bank doesn’t provide other options, it’s still an award-winning choice. It took home first place in GOBankingRates’ Best High-Yield Saving Accounts of 2025 rankings.
- Opening requirements: $0
- Key features: $0 monthly maintenance fee, interest compounded daily, FDIC insured
- APY:
GOLD WINNER
Best For
Money Market Accounts
High-Yield Savings Accounts
Great APYs
Low Monthly Fees
No Overdraft Fees
Ultra-Competitive High APY Savings
EverBank’s higher-than-average savings account APY, lack of monthly maintenance fees, and $0 minimum opening costs help it stand out to customers looking to bolster their nest eggs.
Fees
No monthly maintenance fees
APY
Min Opening
$0
Pros
- Competitive APY
- Low minimum opening deposit
- Daily compounded interest
- No maintenance fees
Cons
- Limited in-person branches
- No ATM card access
Why We Like EverBank
EverBank’s Performance Savings Account can help you quickly build your nest egg. There are no monthly maintenance fees, and the APY of is competitive.
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EverBank CD Accounts
EverBank’s CDs range from its Performance CDs to its well-regarded Intrafi Network Deposits. CDs are a great way to earn virtually risk-free returns — as long as you don’t need to access the funds for the agreed upon term.
- Terms: Three months to five years
- Opening requirements: $1,000 for Performance CDs, $10,000 for CDARS CDs
- Monthly maintenance fees: None
- FDIC insurance: Standard coverage on Performance CDs, CDARS extend FDIC insurance into the millions
EverBank CD Rates
Here’s a look at current EverBank Performance 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 | |
| 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 |
CD Rate Trends: How EverBank Compares
EverBank’s CDs come with competitive APYs. To put those rates in context, here’s a look at how national CD averages have shifted over the past few years.
Best For
Money Market Accounts
High-Yield Savings Accounts
Great APYs
Low Monthly Fees
No Overdraft Fees
Award-Winning High-Yield CDs
EverBank’s award-winning Performance CDs are a low-risk, non-complicated option for customers to ensure decent returns.
Fees
No monthly fee
APY
to
Min Opening
$1,000 to $10,000
Pros
- Competitive APYs
- Flexible terms
- Can withdraw earned interest early
- FDIC insured
Cons
- Early withdrawal penalties
- Limited in-person branches
- High minimum deposit
Why We Like EverBank
EverBank offers two CDs with competitive APYs. The minimum deposit is $1,000 or $10,000, depending on which CD you choose.
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EverBank Money Market Accounts
The EverBank Performance Money Market Account offers some of the highest interest rates of any bank, which is why it made GOBankingRates’ top ten list of Best Money Market Accounts for 2025. Customers can receive an APY of on balances over $10,000.
- Opening requirements: None
- Key features: No monthly maintenance fees, FDIC insured, debit card access
- APY: Up to
Best For
Money Market Accounts
High-Yield Savings Accounts
Great APY
Low Monthly Fees
No Overdraft Fees
Grow Your Money Faster with a Money Market Account
EverBank Performance Money Market Accounts provide customers with some of the highest interest rates around and don’t charge monthly maintenance fees.
Fees
No monthly maintenance fees
APY
Up to
Min Opening
$0
Pros
- Competitive APYs
- Check writing and debit card access
- No minimum opening deposit
- No monthly maintenance fees
Cons
- Limited physical branches
- Lower APY for smaller balances
Why We Like EverBank
EverBank’s Performance Money Market Account offers competitive interest rates, especially for balances of $10,000 and above, with an APY of . The account provides convenient access to funds through check-writing capabilities and a debit card, and it does not charge monthly maintenance fees.
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Banking Experience
EverBank’s focus on providing banking services for everyone is a strong point. Any legal U.S. resident can access online banking products, including checking, savings, money market accounts and CDs.
Customer Service
Not all EverBank customers have access to in-person service, especially those who don’t live near one of its branch locations in Florida or California.
To compensate for the lack of brick-and-mortar branches, customer service agents can help you over the phone:
- Phone number: 888-882-3837
- Hours: Weekdays from 8 a.m. to 8 p.m. EST and Saturdays from 9 a.m. to 7 p.m. EST.
You can also reach out to the bank by sending a letter to the following address:
EverBank
PO Box 44060
Jacksonville, FL 32231
Mobile and Digital Experience
You can easily get your banking done through the EverBank website, including scheduling bill payments and bank transfers.
In addition, the mobile app is a great way to handle your basic banking services 24/7. Here are some standout features:
- Check deposits
- Watch compatibility
- Options to create savings goals
- Smart-device security, such as Touch ID, face recognition and password access
App ratings:
- Google Play: 2.4 out of 5 stars
- Apple App Store: 2.3 out of 5 stars
Customer Feedback
Many EverBank users highlight strong APYs across savings, CDs and money market accounts. But on sites like Trustpilot, customers have reported:
- Frustrations with transfer limits
- Technical issues with the mobile app and website
- Slow or unhelpful customer service
Despite these concerns, EverBank continues to stand out for its competitive rates and wide range of account options, which many customers value.
EverBank Fees
EverBank keeps fees low across its accounts. Here’s a look at some of the most common charges:
| Fee Type | Amount |
|---|---|
| Monthly maintenance fee | $0 |
| Overdraft fee | $0 |
| ATM fees — in-network | $0 |
| ATM reimbursement — out-of-network | Up to $15 per month, or unlimited with $5,000 balance |
| Domestic wire transfer | $25 |
| Stop payment fee | $25 |
How Does EverBank Compare?
Before deciding on a bank, it’s always a good idea to see how it compares to the rest of the field. Here’s a look at how EverBank compares to some of its competitors:
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
No monthly service fees
$0
No monthly service fee
APY
APY
APY
Min Opening
Min Opening
Min Opening
$25 to $100
$0
$0
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
No monthly maintenance fees
$0
No monthly service fee
APY
APY
APY
Min Opening
Min Opening
Min Opening
$0
$0
$0
SELECTED BANK
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
No monthly fee
No monthly service fee
No monthly service fee
APY
APY
APY
to
Up to
to
Min Opening
Min Opening
Min Opening
$1,000 to $10,000
$0
$0
| Bank | Checking Account | Savings Account | CDs | Money Market Account |
|---|---|---|---|---|
| EverBank | -APY: Up to -Open with $25 to $100 | -APY: -Open with $0 | -Terms: 3 to 60 months -Open with $1,000 to $100,000 | -APY: Up to -Open with $0 |
| Capital One | -APY: -Open with $0 | -APY: -Open with $0 | -Terms: 6 to 60 months -Open with $0 | N/A |
| Ally Bank | -APY: Up to -Open with $0 | -APY: -Open with $0 | -Terms: 3 to 60 months -Open with $0 | -APY: -Open with $0 |
| Synchrony | N/A | -APY: -Open with $0 | -Terms: 3 to 60 months -Open with $0 | -APY: -Open with $0 |
EverBank vs. Capital One
EverBank and Capital One both offer competitive rates and a variety of low-cost accounts. However, EverBank edges out Capital One regarding the number of accounts available. Capital One doesn’t offer a money market account. EverBank offers one, as well as basic and deluxe versions of a checking account.
EverBank vs. Ally Bank
If you want a simple way to bank with the fewest fees, choose Ally Bank. Both online banks have low fees, but the few they charge, such as stop payment or wire transfer fees, are lower at Ally Bank.
EverBank vs. Synchrony
Synchrony is best for customers looking for a simple savings account solution. EverBank beats Synchrony Bank regarding financial products — you’ll have access to checking accounts and savings.
Final Take
EverBank is a great option for those customers who value high yields and diverse options over in-person banking. Customers with more liquidity and enough money to open EverBank’s Performance accounts, whether in checking or a money market, may find the bank’s rates very competitive.
EverBank’s variety of high-yield CDs are a great way to grow your money with up to five-year terms. Consider opening an account with EverBank, as GOBankingRates has ranked it as having one of the Best High-Yield Savings Accounts.
EverBank FAQ
This FAQ provides answers to common questions about Everbank's services and features to help you decide if it's the right fit for you.- What is the maximum mobile deposit for EverBank?
- EverBank allows up to $50,000 for mobile deposits.
- Is my money safe with EverBank?
- Yes. EverBank customers are protected since funds are insured by the FDIC.
- Does EverBank have fees?
- EverBank fees are practically non-existent, and if you incur fees, most can be waived.
- Is EverBank FDIC insured?
- Yes, EverBank is a member of FDIC, which means deposits are protected and insured up to the standard $250,000 per depositor for each account ownership category.
Cynthia Bowman and Caitlyn Moorhead 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 Oct. 2, 2025.Â
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.
*Capital One interest rates accurate as of 10/22/2025. See website for all current rates.
To determine rankings GOBankingRates looked at the following factors from all banks: (1) minimum deposit to open an account; (2) monthly savings fee ratio (percent the minimum to avoid fee compared to the monthly fee itself); (3) minimum needed to earn APY; (4) savings APY; and (5) the average mobile app rating between the Google Play (Android) and Apple stores. All factors were then scored and combined, with the lowest score being the best. Factors (2) and (3) weighed 1.5 times, factor (4) weighed 4 times; and factor (5) weighed 0.5 times. To be considered for the HYSA, the product offered had to have an APY above 0.45%. All products and offerings had to be available as of Nov. 1, 2024, to be considered. Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Dec. 16, 2024.
To determine the Best Money Market Accounts of 2025, GOBankingRates analyzed the following factors from all banks (excluding neobanks): (1) total assets as sourced from the FDIC; (2) number of branch locations as sourced from the FDIC; (3) minimum deposit to open an account; (4) APY on the money market account; (5) the minimum balance needed to earn the APY; (6) monthly money market fee ratio (percentage of the minimum to avoid fees compared to the monthly fee itself); and (7) the average mobile app rating between the Google Play (Android) and Apple stores. All factors were then scored and combined, with the lowest score being the best. Factors (1) and (2) were weighed 0.5 times, and factor (4) was weighed 4 times. All products and offerings had to be available as of Nov. 1, 2024, to be considered. Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Oct. 2, 2025.
