3.5 star ratingAverage User Rating:
3.5 star rating based on 3 reviews.

EverBank

501 Riverside Ave.
Jacksonville, FL 32202
888.882.EVER (3837)
Open a Savings Account



EverBank is headquartered in Jacksonville and is the largest bank in the state of Florida. It is also the 82nd largest bank in the nation. It was established in 1998 and as of March of 2012, it had grown to 2,644 employees at 20 locations. EverBank's money market rates are 2X the national average, and it has a 4-star health rating.

Related Posts

EverBank's Pending IPO - Biggest Bank IPO Of 2012 (Forum) - 5/1/2012

Found this news at TheStreet interesting: Jacksonville, Florida-based EverBank Financial will sell about 25.2 million shares for between $12 and $14 in the largest bank initial public offering in 2012, according to a regulatory filing issued Monday. Re

Flexible CDs and Savings Accounts with Rate Guarantees - 3/13/2012

Certificates of deposit may seem like a bad idea when interest rates are so low. No one wants to be stuck in a low-rate CD. There's always a worry that you'll be stuck in the CD when interest rates st ...

EverBank Brings Back Money Market & Checking Intro Rate Special - 3/6/2012

For several years EverBank had offered a 3-month intro rate for its checking and money market account. That ended last year, but now they have brought back the intro rate with a change. The new intro ...

EverBank Offers Checking Account Promo to Win Over Megabank Customers - 10/21/2011

Credit unions are not the only institutions making good use of Bank of America's new debit card fees. EverBank now has a promotion to get the attention of the megabank customers who are tired of the n ...

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See Rates for: Checking | Savings | Money Market | CD | IRA

EverBank Checking Account Rates

ApyMinMaxProduct
1.05%-$100kYield Pledge Checking - 6mo promo rate for new customers
0.76%$1m-Business Interest Checking
0.76%$100k$10mYield Pledge Checking
Start SavingSponsored Note: Unlimited ATM Reimbursements. $50 satisfaction guarantee.

EverBank Savings Account Rates

ApyMinMaxProduct
0.76%--Yield Pledge Savings

EverBank Money Market Rates

ApyMinMaxProduct
1.05%-$50kYield Pledge MMA - 6mo promo rate for new customers
0.76%-$10mYield Pledge Money Market
Start SavingSponsored Note: Earn a top 5% yield-Always (2) 0.91% 1st-year APY up to $50K (1)
0.76%$1m-Business Money Market

EverBank CD Rates

ApyMinMaxProduct
1.65%$1,500-5 Year Yield Pledge CD
1.65%$1,500-5 Year Business CD
1.21%$1,500-4 Year Yield Pledge CD
1.21%$1,500-4 Year Business CD
1.06%$1,500-2.5 Year Yield Pledge CD
1.06%$1,500-3 Year Yield Pledge CD
1.06%$1,500-2.5 Year Business CD
1.06%$1,500-3 Year Business CD
1.01%$1,500-2 Year Yield Pledge CD
1.01%$1,500-2 Year Business CD
0.90%$1,500-1.5 Year Yield Pledge CD
0.90%$1,500-1.5 Year Business CD
0.75%$1,500-1 Year Yield Pledge CD
0.75%$1,500-1 Year Business CD
0.59%$10k$5m3 Year CDARS CD
0.59%$10k$5m3 Year Business CDARS CD
0.57%$1,500-9 Month Yield Pledge CD
0.57%$1,500-9 Month Business CD
0.53%$1,500-3 Month Yield Pledge CD
0.53%$1,500-6 Month Yield Pledge CD
0.53%$1,500-3 Month Business CD
0.53%$1,500-6 Month Business CD
0.44%$10k$5m2 Year CDARS CD
0.44%$10k$5m2 Year Business CDARS CD
0.29%$10k$5m1 Year CDARS CD
0.29%$10k$5m1 Year Business CDARS CD
0.19%$10k$5m6 Month CDARS CD
0.19%$10k$5m6 Month Business CDARS CD
0.17%$10k$5m3 Month CDARS CD
0.17%$10k$5m3 Month Business CDARS CD

EverBank IRA Rates

ApyMinMaxProduct
1.65%$1,500-5 Year Yield Pledge IRA
Start SavingSponsored Note:
1.65%$1,500-5 Year Yield Pledge Roth IRA
Start SavingSponsored Note:
1.21%$1,500-4 Year Yield Pledge IRA
Start SavingSponsored Note:
1.21%$1,500-4 Year Yield Pledge Roth IRA
Start SavingSponsored Note:
1.06%$1,500-2.5 Year Yield Pledge IRA
Start SavingSponsored Note:
1.06%$1,500-3 Year Yield Pledge IRA
Start SavingSponsored Note:
1.06%$1,500-2.5 Year Yield Pledge Roth IRA
Start SavingSponsored Note:
1.06%$1,500-3 Year Yield Pledge Roth IRA
Start SavingSponsored Note:
1.01%$1,500-2 Year Yield Pledge IRA
Start SavingSponsored Note:
1.01%$1,500-2 Year Yield Pledge Roth IRA
Start SavingSponsored Note:
0.90%$1,500-1.5 Year Yield Pledge IRA
Start SavingSponsored Note:
0.90%$1,500-1.5 Year Yield Pledge Roth IRA
Start SavingSponsored Note:
0.75%$1,500-1 Year Yield Pledge IRA
Start SavingSponsored Note:
0.75%$1,500-1 Year Yield Pledge Roth IRA
Start SavingSponsored Note:
0.57%$1,500-9 Month Yield Pledge IRA
Start SavingSponsored Note:
0.57%$1,500-9 Month Yield Pledge Roth IRA
Start SavingSponsored Note:
0.53%$1,500-3 Month Yield Pledge IRA
Start SavingSponsored Note:
0.53%$1,500-6 Month Yield Pledge IRA
Start SavingSponsored Note:
0.53%$1,500-3 Month Yield Pledge Roth IRA
Start SavingSponsored Note:
0.53%$1,500-6 Month Yield Pledge Roth IRA
Start SavingSponsored Note:

Rates updated: 5/27/2012 * Not all products updated

Data for Q1 2012


Institution Statistics


EverBank
OTS #15115
FDIC Certificate #34775
BankRate ReportView
Year Established1998
Employees2644
Primary RegulatorOCC

Assets and Liabilities

Assets$13.77 billion
Loans$9.78 billion
Deposits$10.57 billion
Equity Capital$1.10 billion
Loan Loss Allowance$78.25 million
Unbacked Noncurrent Loans$314.55 million
Real Estate Owned$134.08 million

Historic Data - March 2011

Assets$11.89 billion
Equity Capital$1.12 billion
Loan Loss Allowance$81.45 million
Unbacked Noncurrent Loans$349.54 million
Real Estate Owned$114.43 million

Profit Margin - Quarterly

Net Interest Margin4.15%
Return on Assets0.38%
Return on Equity4.76%
Interest Income$152.26 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio2
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 EverBank had $448.63 million in non-current loans and owned real-estate with $1.18 billion in equity and loan loss allowances on hand to cover it. This gives EverBank a Texas Ratio of 38.10% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for EverBank decreased significantly from (infinite) as of March 31, 2011 to 38.10% as of March 31, 2012, resulting in a positive change of (infinite). This indicates that the balance sheet and financial strength for EverBank has improved significantly in recent periods.
Deposit Growth5
In the past year, EverBank has increased its total deposits by $868.99 million, resulting in 8.96% 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 excellent.
Capitalization3
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 $13.77 billion in assets with $1.18 billion in equity, resulting in a capitalization level of 8.55%, which is average.
Write Review

I Tried To Open An Account Back In 2008
1 stars - Anonymous - Thursday, May 13, 2010 - 4:12 PM

I tried to open an account back in 2008. I finished the on-iine application but had some questions and decided to call them. It appeared they don't have customer service. Nobody picked up the phone. After three attempts I sent them email that I'm cancelling the application.

7

Excellent Service And Competitive In Every Way
5 stars - SAPete - Friday, February 3, 2012 - 9:19 AM

I have used EverBank since 2009, and never had anything than complete satisfaction. Anytime I phone them, they are very responsive, so polite and easy to work with. High interest rates (relatively) on deposits, pre-paid mail-in deposit slips, ATM fee refunds, all add up to a bank that is the polar opposite of the gouging practices of many of the major banks that I shall leave nameless. Add to that, that they are a pleasure to deal with, I highly recommend this bank.

5

Have Been Using Them For 5 Years, Excellent Service
5 stars - sangre - Wednesday, November 23, 2011 - 11:15 AM

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.

5