EverBank Review 2024
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At a glance
Best savings account
CDs
Checking
Savings
MMA
About Bankrate Score
Overview
EverBank is good for customers who want a full-service online bank with competitive deposit yields. It offers checking, savings and money market accounts as well as certificates of deposit (CD) accounts.
Highlights
- ATM Fee Refunds
- High APY
- Low Fees
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.4/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.4/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Overall
EverBank is an institution that operates primarily online, offering deposit accounts with competitive rates and low minimum balances, and customers have access to almost 100,000 fee-free ATMs. The bank maintains a limited number of branches, mainly in Florida.
EverBank earned the Best Savings Account honor in the 2024 Bankrate Awards.
Pros
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EverBank offers competitive yields on its savings account and certificates of deposit (CDs).
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The bank provides access to thousands of surcharge-free ATMs.
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It offers a variety of services and products.
Cons
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EverBank has a limited network of full-service branches.
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It doesn’t offer a no-penalty CD.
We want to know what you think about EverBank
Do you have experience with EverBank? Let us know your thoughts.
EverBank banking products
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY as of 5/2/2024
EverBank savings overview
Pros
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The account earns a highly competitive APY.
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There’s no monthly service fee.
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You can deposit checks into the account via a mobile device.
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The Performance Savings account doesn’t have a minimum opening balance requirement.
Cons
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Some savings accounts offer slightly higher yields.
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See how rates for this account have changed over time. Interact with the trend lines to view APY by date.
EverBankAPYAPYNational average APYHow do we get this data?
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bank fees
| Fee | Charged? |
|---|---|
| Overdraft fee | None |
| Non-sufficient funds fee | None |
| Monthly maintenance fee | None |
| Out-of-network ATM fee | $0 |
| Excessive transaction fee | None |
Customer experience
Customer support
Physical presence. EverBank serves customers in all 50 states, although the majority of its branches are located in Florida. The bank provides access to nearly 100,000 surcharge-free ATMs.
Customer service. Customer service is available by phone weekdays 8 a.m. to 8 p.m. Eastern time and Saturdays from 9 a.m. to 7 p.m.
Digital experience
Mobile app. In August 2023, TIAA Bank started operating as EverBank. While the TIAA mobile app is highly rated and still available for download, EverBank plans to introduce a new mobile app in 2024, according to its website.
About EverBank
TIAA Bank now operates as EverBank as of Aug. 1, 2023. It’s primarily an online bank, available to customers in all 50 states. It also maintains nearly 2 dozen branches, most of which are located in Florida.
Conveniences EverBank offers include access to nearly 100,000 fee-free ATMs nationwide, low minimum balance requirements and peer-to-peer payment capability through Zelle.
How does EverBank compare to other banks?
EverBank vs. Ally Bank
You’ll get a similar experience at both EverBank and Ally Bank.
EverBank and Ally both offer just about every consumer deposit product you could think of, with high yields to boot. EverBank operates primarily online, whereas Ally is an entirely online bank. Both offer large ATM networks and often no fees for using out-of-network ATMs.
That noted, EverBank offers a few more standard CDs than Ally does, and EverBank’s CD yields tend to be higher, too. Likewise, you’ll earn higher yields when you park your money in EverBank’s savings and money market accounts.
EverBank FAQs
Review methodology
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.
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