If any bank products out there interests me these days, it’s the EverBank’s Yield Pledge Money Market Account. I’ve been searching for the best place to put my short term savings, and this money market account seems to fit perfectly as it offers high interest rates, flexibility and convenience. Below are more of my findings after reviewing the bank.
Click Here to Sign Up for a High Interest EverBank Account
A Brief History of EverBank
EverBank is located in Jacksonville, Florida and have been in business since 1961. Since then, it’s grown leaps and bounds and is now one of the premier banks in the country, having deposits of over $7 billion dollars. During 2008 when many major banks are failing due to the implosion of the credit markets and all the mortgage mess, EverBank earned a record profit.
EverBank Rates
The bank has an amazing introductory rate and extends the bonus rate for the first year. As of writing the rate is 3.01% for the first three months, and 2.00% for balances under $50k. Since these are pretty much one of the highest in the industry right now, you absolutely need to check out this offering.
The Account’s Minimum Balance Requirements
To get those rates, there are some restrictions. The account opening balance is $1,500, and there’s a $8.95 per month charge if you don’t maintain the minimum balance of $5,000 per month. Therefore, make sure you are willing to put in $5,000 or more before you commit.
- EverBank Yield Pledge Money Market Account – Official Site
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No problems with them so far. I have a bunch of online savings accounts and I figure I will try Everbank out with this money market thing. Since it’s FDIC insured, they all work the same for me. I just care about the rates and so far so good.
I once called customer support and the lady on the other line was really annoying. I just wanted to ask when I opened my account and she kept going on and on about their IRA account.
I had to hang up on her and redial the number to get another person. I don’t want to sound mean but I hope she doesn’t work there (or anywhere else) as a customer support representative.
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