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501 Riverside Ave.
Jacksonville, FL 32202

EverBank is a Florida-based financial institution that operates through both an online banking division and physical branches. The bank has several subsidiaries that offer various financial services in addition to banking, including wealth management, insurance, and commercial finance.

A high-yield checking and a business checking account are available on EverBank’s personal banking side. The high-yield checking account has a minimum initial deposit requirement, no monthly fees, and if a higher minimum balance is kept, unlimited ATM reimbursements. This checking account typically features one of the highest interest rates in the country in the checking category.

EverBank also offers a high-yield money market and Certificate of Deposit (CD) account to help consumers grow their savings. The money market account functions like a typical savings account and allows up to six withdrawals per month without a fee. The MMA has a very competitive interest rate and has no monthly fee, as well. CDs and IRA CDs are available in term lengths ranging from 3 months to 5 years and automatically rollover into a new CD at the end of a term. has featured EverBank’s CDs repeatedly in the past, and in the summer of 2013 recognized the bank for its top-of-the-market 5-year CD rate. The bank also offers wealth management and brokerage services, as well as accounts that invest in precious metals.

EverBank online banking provides a sophisticated and secure platform for customers to perform account management tasks like paying bills, transferring funds, monitoring account activity, and checking account balances. The bank has also released a mobile banking app that makes it easy to perform these task on the run from a smartphone or tablet device.

EverBank is a publicly traded company (NYSE: EVER) that was originally established as First Alliance Bank with the FDIC in 1998. Shortly after being founded, the bank acquired Mercantile Bank’s world currency division in order to offer accounts that consist of foreign currencies. The bank is headquartered in Jacksonville, Florida, and operates several branches around the city as well as across the state of Florida.

Related Posts

EverBank Increases 6-Month Intro Rate on Its Checking & Money Market Accounts - 6/3/2014

EverBank has increased its 6-month intro rate from 1.10% to 1.40% on its Yield Pledge Checking and Yield Pledge Money Market. The ongoing rates remain the same and are still a little low compared to o ...

Big Increases on EverBank’s Short-Term CD Rates - 4/25/2014

EverBank did something today that it hasn’t done since 2011. It raised its 1-year CD rate to over 1%. EverBank increased its 1-year CD APY from 0.70% to 1.06%. It also increased its 18-month CD rate. ...

Big Increases on EverBank’s Long-Term CD Rates - 3/28/2014

EverBank made a large increase to its 4-year and 5-year CD rates. The 5-year CD APY increased from 2.12% to 2.27%, and the 4-year CD APY increased from 1.65% to 1.81%. Thanks to DA member cumulus who ...

10/21/11 - EverBank Offers Checking Account Promo to Win Over Megabank Customers
8/25/11 - The Search for Higher Rates - Foreign Currency CDs
5/9/11 - Pros and Cons of Foreign Currency CDs and Bank Accounts
2/24/11 - Best Rates for Business Checking, Savings and Money Market Accounts
2/21/11 - EverBank's MarketSafe Diversified Commodities CD - Is It a Good Deal?
2/16/11 - Best Internet Checking Accounts That Offer Paper Checks
12/19/10 - Higher Long-Term CD and IRA CD Rates at EverBank - Available Nationwide
11/5/10 - Everbank Cuts Money Market Intro Rate And Ongoing Rate
10/5/10 - Some Useful Features at EverBank's New Website
9/22/10 - Internet Checking Accounts with the Best Interest Rates
8/31/10 - EverBank's MarketSafe Currency Returns CD - Is It a Good Deal?
8/27/10 - Internet Savings Accounts - Is Rate Chasing Still Worthwhile?
8/9/10 - Review Of Everbank's Remote Deposit Service
7/27/10 - EverBank's $75 Bonus on Top of its 2.25% 3-Month Intro Rate
6/6/10 - EverBank's MarketSafe Diversified Metals CD
6/4/10 - EverBank Provides Details for Bank of Florida Customers
3/15/10 - EverBank's Foreign Currency CDs and Other Alternatives?
2/13/10 - Review of EverBank's CDs, Money Market and Checking Accounts
1/5/10 - Rate Cuts at EverBank
6/2/09 - EverBank Increases 3-Month Promo Rate for its Money Market and Checking Account
5/4/09 - Higher Monthly Fees and Minimum Balance Requirements for EverBank's Yield Pledge Money Market Account
3/22/09 - Lessons from the Stanford Financial Mess and Foreign CD Options
12/16/08 - $40 Checking Account Bonus for Opening EverBank's Checking Account
11/23/08 - Update on EverBank's Money Market Account and CDs
11/1/08 - Update on EverBank's Money Market and Checking Accounts
9/26/08 - Higher CD Rates at EverBank
7/1/08 - EverBank Raises Checking and Money Market Account Rates
6/20/08 - 4.06% 12-month CD at EverBank - Available Nationwide
3/28/08 - More Savings Account Rate Cuts - Provident, Zions, WaMu and Others
11/1/07 - Falling Savings Account Rates: ING Direct, EverBank, Zions Bank
10/26/07 - Review of EverBank's Checking and Money Market Account Promotions
9/17/07 - EverBank Cancels NetBank Acquisition
7/29/07 - EverBank's World Currency CDs - My Interview with EverBank's Executive Frank Trotter
5/27/07 - EverBank Update - the Other 6% Savings Account Promo
10/3/06 - 6.01% 3-Month Promo Now Available for Everbank's Money Market Account
9/1/06 - EverBank Ups Checking Account Promo - 6.01% for 3 Months

Ethical Problems

This bank has a problem in it's business ethics as far as backing out of oral contracts and offers and is a detriment to the economic growth in the Jax, Fl. area. I know personally 2 times jobs have been offered and verified and told to give notice to old jobs to then be told after the fact that they were withdrawing because of a reason that turned out to be not even legal. They are slowly adding to the unemployment in Jax by doing this and if I live in a different county and know this, how many people have they actually done this to?  I'm not sure if a relative needed the job and they were slow in applying or what. It may be a moral problem but there is no ethics with morals, so.....

I certainly wouldn't feel right trusting them with my money as they treat people that poorly.

Have Been Using Them For 5 Years, Excellent Service

I switched to Everbank from Wachovia about 5 years ago, and haven't entered a bank since. Couldn't be happier. 

Free checking and savings accounts, easy online access, and I love mailing my checks in (using prepaid envelopes) rather than going to a bank to deposit them.

I've also used ING. Their online interface is slightly more user-friendly, and they make it very easy to set up different accounts for different savings goals. However, you still need a brick and mortar bank to use ING, because they don't accept deposits. Everbank supplies you with pre-paid envelopes to send in your checks.

ING does offer you free ATM withdrawals from select ATM's, which is nice. Everbank only reimburses you if you have $6,000 in your account.

Take A Look At Their Fees Before Grabbing The High Interest

Their fees are actually even higher than the big banks for things like bill pay, writing checks, etc. Study the website before taking the bait chasing interest rates.

Is Your Everbank Texas Ratio Inaccurate?

Your review here shows a Texas Ratio of 23.22, but shows it as 91.66, a dangerous ratio.
Everbank's Q3 reports shows total NPA and TDR as 256,850,000. (

Who's right?



Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 EverBank had $299.78 million in non-current loans and owned real-estate with $1.75 billion in equity and loan loss allowances on hand to cover it. This gives EverBank a Texas Ratio of 17.14% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for EverBank decreased dramatically from 56.88% as of March 31, 2013 to 17.14% as of March 31, 2014, resulting in a positive change of 69.87%.This indicates that the balance sheet and financial strength for EverBank has improved dramatically in recent periods.

Deposit Growth


In the past year, EverBank has decreased its total deposits by -$372.01 million, resulting in -2.71% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth EverBank has shown is below average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. EverBank has $17.63 billion in assets with $1.75 billion in equity, resulting in a capitalization level of 9.92%, which is above average.

Institution Statistics

FDIC Certificate #34775
Year Established1998
Primary RegulatorOCC
Assets and Liabilities
Assets$17.63 billion
Loans$14.40 billion
Deposits$13.37 billion
Equity Capital$1.69 billion
Loan Loss Allowance$62.97 million
Unbacked Noncurrent Loans$90.58 million
Real Estate Owned$209.20 million
Historic Data - March 2013
Assets$18.31 billion
Equity Capital$1.56 billion
Loan Loss Allowance$77.07 million
Unbacked Noncurrent Loans$90.58 million
Real Estate Owned$201.17 million
Profit Margin - Quarterly
Net Interest Margin3.3%
Return on Assets0.76%
Return on Equity7.98%
Interest Income$168.46 million

Always verify rates and promotions with the bank or credit union. We are not EverBank, we are a rate comparison website and can not provide official rates or promotions.

EverBank Savings Account Rates

0.61%--Yield Pledge Savings
0.51%--Basic Savings

EverBank Money Market Rates

1.40%-$50kYield Pledge MMA - 6mo promo rate for new customers
1.01%-$50kYield Pledge Money Market - First Time Client (1st Yr)
Learn MoreSponsored Note: Enjoy a higher yield and access to your cash at EverBank.
0.61%$1m-Business Money Market
0.61%-$10mYield Pledge Money Market - Ongoing Client

EverBank Checking Account Rates

1.40%-$100kYield Pledge Checking - 6mo promo rate for new customers
1.40%-$100kSmall Business Checking - 6mo promo rate for new customers
0.98%$50k$100kYield Pledge Checking - First Time Client (1st Yr)
Learn MoreSponsored Note: Open an Account
0.98%$50k$100kSmall Business Checking - First Time Client (1st Yr)
0.61%$1m-Business Interest Checking
0.61%$100k$10mYield Pledge Checking - Ongoing Client
0.61%$100k$10mSmall Business Checking - Ongoing Client
0.61%$100k-Non-Profit Checking

EverBank CD Rates

2.30%$1,500-5 Year Yield Pledge CD
2.30%$1,500-5 Year Business CD
1.79%$1,500-4 Year Yield Pledge CD
1.79%$1,500-4 Year Business CD
1.45%$1,500-3 Year Yield Pledge CD
1.45%$1,500-3 Year Business CD
1.26%$1,500-2 Year Yield Pledge CD
1.26%$1,500-2 Year Business CD
1.25%$1,500-2.5 Year Yield Pledge CD
1.25%$1,500-2.5 Year Business CD
1.23%$10k$5m3 Year CDARS CD
1.23%$10k$5m3 Year Business CDARS CD
0.90%$1,500-1.5 Year Yield Pledge CD
0.90%$1,500-1.5 Year Business CD
0.86%$1,500-1 Year Yield Pledge CD
0.86%$1,500-1 Year Business CD
0.69%$10k$5m2 Year CDARS CD
0.69%$10k$5m2 Year Business CDARS CD
0.45%$1,500-3 Month Yield Pledge CD
0.45%$1,500-3 Month Business CD
0.36%$1,500-9 Month Yield Pledge CD
0.36%$1,500-9 Month Business CD
0.35%$1,500-6 Month Yield Pledge CD
0.35%$1,500-6 Month Business CD
0.28%$10k$5m1 Year CDARS CD
0.28%$10k$5m1 Year Business CDARS CD
0.22%$10k$5m6 Month CDARS CD
0.22%$10k$5m6 Month Business CDARS CD
0.21%$10k$5m3 Month CDARS CD
0.21%$10k$5m3 Month Business CDARS CD

EverBank IRA Rates

2.30%$1,500-5 Year Yield Pledge IRA
1.79%$1,500-4 Year Yield Pledge IRA
1.45%$1,500-3 Year Yield Pledge IRA
1.26%$1,500-2 Year Yield Pledge IRA
1.25%$1,500-2.5 Year Yield Pledge IRA
0.90%$1,500-1.5 Year Yield Pledge IRA
0.86%$1,500-1 Year Yield Pledge IRA
0.45%$1,500-3 Month Yield Pledge IRA
0.36%$1,500-9 Month Yield Pledge IRA
0.35%$1,500-6 Month Yield Pledge IRA

EverBank is an Internet only bank and does not have branch locations. Its headquarters is located at 501 Riverside Ave. - Jacksonville, FL 32202