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Yield Pledge Certificate of Deposit

Offering one of the best CD rates available today, the Yield PledgeSM Certificate of Deposit can be an effective way to earn high yields plus keep your principal protected with FDIC insurance.1 Backed by our unique Yield Pledge, you can expect your savings to earn high yields promised to be among the top 5% of competitive accounts from leading banks.2 Not only when you purchase the CD but also when it rolls over.

   

Earn one of the highest CD rates and protect your savings with FDIC insurance

Compare CD rates: National CD averages plus money market accounts

Source: Bankrate (12/29/2008)

  • 1-Year high yield CD3
  • 3.25%
    APY
  • Low minimum balance of $1,500
  • Apply Now

An FDIC-insured CD that delivers high yield savings

Start earning a yield that makes a difference. Open a Yield Pledge Certificate of Deposit today.

I'm interested in earning one of the best CD rates available at EverBank®. What's my next step?

For more information on the Yield Pledge Certificate of Deposit, call one of our Customer Care Specialists: 888.882.EVER (3837). Or apply online right now.
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Balance high CD rates and access to your money with a CD ladder

Choosing to open multiple CDs over varying terms can be a smart financial strategy. When staggering maturity dates of a group of CDs that you open, you can potentially earn higher CD rates plus maintain greater access to your money. This simple strategy, called CD laddering, can bring you greater returns over time than you might get from putting your money into short-term CDs.

Reasons building a CD ladder by opening multiple CDs can be a smart strategy

  • Staggering CD maturity dates ensures regular access to a portion of your money—great for emergency funds and other financial goals
  • As CDs mature, you can choose to renew them for longer terms and/or higher rates—eventually, your entire CD portfolio could earn higher CD rates and your money will still be available at regular intervals

How to build and manage a CD ladder

1. For this illustration, you have $20,000 you've chosen to spread among several $5,000 CDs, staggered to mature at 6-month intervals. The 2-year CD term provides the highest rate of return for this portfolio (see CD rates at right).

CD Term Deposit APY Maturity
A 6 month $5,000 2.85% 6 months
B 1 year $5,000 3.25% 1 year
C 1.5 year $5,000 3.25% 1.5 years
D 2 year $5,000 3.50% 2 years


2. Upon 6-month CD maturity, you can instruct EverBank to roll your 6-month CD into a new 2-year CD. Now, a couple of your CDs earn 2-year CD rates.

CD Term Deposit APY Maturity
B 1 year $5,000 3.25% 6 months
C 1.5 year $5,000 3.25% 1 year
D 2 year $5,000 3.50% 1.5 years
A 2 year $5,000 + earned interest 3.50% 2 years


3. Repeat step 2 as each CD matures and eventually all of your CDs will earn the higher 2-year CD rates as illustrated below. Additionally, your CDs will continue to mature at 6-month intervals.

CD Term Deposit APY Maturity
A 2 year $5,000 + earned interest 3.50% 6 months
B 2 year $5,000 + earned interest 3.50% 1 year
C 2 year $5,000 + earned interest 3.50% 1.5 years
D 2 year $5,000 + earned interest 3.50% 2 years


I'm interested in building a CD ladder with one of the best CD rates available at EverBank. What's my next step?

For more information on the Yield Pledge Certificate of Deposit, call one of our Customer Care Specialists: 888.882.EVER (3837). Or apply online right now.
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  1. EverBank is an FDIC insured federal savings association. Your EverBank deposits are insured against bank insolvency for up to $250,000 until December 31, 2009.
  2. EverBank pledges to keep the yield on your account in the top 5% of competitive accounts as tracked in the Bankrate.com National IndexTM of leading banks and thrifts.
  3. The quoted Annual Percentage Yield (APY) is current as of 1/1/2009 12:00:00 AM, may change at any time prior to the opening of the CD, applies only to the corresponding term also quoted with the APY, and assumes interest remains on deposit until maturity. Penalties for early withdrawal apply. A minimum deposit of $1500 is required to open the account.
  4. Insured Advantage Certificates of Deposit are offered in conjunction with the Certificates of Deposit Account Registry Service (CDARS) and allow FDIC insurance on certificates of deposit up to $50 million. Subject to availability based on CD term and participation limits. Placement is based on date and time of application approval and funding. Deposits above $250,000 receive FDIC insurance on the funding date which occurs each week on Thursdays or the first business day thereafter. Early withdrawal penalties apply. A minimum deposit of $10,000 is required to open the account. CDARS and Certificate of Deposit Account Registry Service are registered service marks of Promontory Interfinancial Network, LLC.
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  1.  
  2. EverBank, the EverBank Infinity Sphere and EverBank logo, along with Yield Pledge and Insured Advantage are proprietary service marks of EverBank. All rights reserved.
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888.882.EVER (3837)

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