EverBank pledges to keep the yield on your account in the top 5% of competitive accounts as tracked in Bankrate Monitor, a weekly national survey of large banks and thrifts, surveyed by Bankrate.com.
Rate information as of 7/15/2010 12:00:00 AM. Competitor rates and terms and conditions can change at any time. Some competitor rates may vary by region. Sources for competitor information: ingdirect.com, ally.com, citi.com, bankofamerica.com.
Interest rates and Annual Percentage Yields mentioned are accurate as of 8/27/2010 12:00:00 AM. This is a variable rate account. Interest rates and APYs are subject to change without notice. EverBank invites first-time Yield Pledge Money Market account holders to enjoy a three month Bonus Interest Rate and New Account First-Year APY offer on their new account. The Bonus Interest Rate that is offered at account opening (currently 2.25%) remains fixed for the first three months and applies to balances up to and including $50,000. If you have a balance over $50,000: those additional funds will earn the variable ongoing APY of 1.26%, which may change at anytime even during the first three months. As required by law, we are disclosing a blended APY that combines the Bonus Interest Rate with the current ongoing rates to provide an estimated annualized figure, the New Account First Year APY, based on your average daily collected balance. However, this blended APY is not the exact APY that you would actually receive because the current ongoing rate will change periodically over the remaining 9 months of the First Year. Our New Account First-Year APY up to $50,000 is 1.51% APY. The New Account First-Year APY for balances from $50,001 to $10,000,000 is best expressed as a range: 1.51% to 1.26%; higher balances are accepted. Without the bonus rate, the ongoing yield regardless of balance is 1.26%. Required minimum opening deposit is $1,500. For any month in which the account's average daily balance falls below $5,000, an $8.95 monthly fee applies. Fees may reduce earnings.
Because this is a money market account, you are limited by Federal regulation to six transfers or withdrawals per month. See Terms and Conditions for details. Withdrawals or transfers in excess of these limits are subject to a fee.