3.5 starsAverage User Rating:
Based on 3 user reviews.

EverBank

501 Riverside Ave.
Jacksonville, FL 32202
888.882.EVER (3837)

Open an Account:
Money Market, IRA, Checking



EverBank is headquartered in Jacksonville and is the 2nd largest bank in the state of Florida. It is also the 92nd largest bank in the nation. It was established in 1998 and as of September of 2011, it had grown to 2,363 employees at 20 locations. EverBank's money market rates are 73% higher than the national average, and it has a 3-star health rating.

Related Posts

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 ...

The Search for Higher Rates - Foreign Currency CDs - 8/25/2011

In this discussion forum thread yesterday I posted a link to an article that gave an overview of 8 investments for those looking for an alternative to bank CDs. These will likely provide higher yields ...

Pros and Cons of Foreign Currency CDs and Bank Accounts - 5/9/2011

For those who are worried about the future of the US dollar, bank accounts denominated in a foreign currency might look appealing. EverBank has long offered foreign currency bank accounts. I can't say ...

Best Rates for Business Checking, Savings and Money Market Accounts - 2/24/2011

In general, banks and credit unions have not been allowed to pay interest on business checking accounts. There are a few exceptions such as for businesses that are sole proprietorships or non-profits. ...

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

EverBank Checking Account Rates

ApyMinMaxProduct
0.76%$1m-Business Interest Checking
0.76%$100k$10mYield Pledge Checking
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EverBank Money Market Rates

ApyMinMaxProduct
0.76%-$10mYield Pledge Money Market
Start SavingAdvertisementSponsored Note: Make deposits from home. Online and mobile banking. Available as IRA.
0.76%$1m-Business Money Market

EverBank CD Rates

ApyMinMaxProduct
1.80%$1,500-5 Year Yield Pledge CD
1.80%$1,500-5 Year Business CD
1.10%$1,500-2.5 Year Yield Pledge CD
1.10%$1,500-3 Year Yield Pledge CD
1.10%$1,500-4 Year Yield Pledge CD
1.10%$1,500-2.5 Year Business CD
1.10%$1,500-3 Year Business CD
1.10%$1,500-4 Year Business CD
1.05%$1,500-2 Year Yield Pledge CD
1.05%$1,500-2 Year Business CD
0.75%$1,500-1 Year Yield Pledge CD
0.75%$1,500-1.5 Year Yield Pledge CD
0.75%$1,500-1 Year Business CD
0.75%$1,500-1.5 Year Business CD
0.50%$1,500-3 Month Yield Pledge CD
0.50%$1,500-6 Month Yield Pledge CD
0.50%$1,500-9 Month Yield Pledge CD
0.50%$1,500-3 Month Business CD
0.50%$1,500-6 Month Business CD
0.50%$1,500-9 Month Business CD
0.49%$10k-3 Year CDARS CD
0.49%$10k-3 Year CDARS Business CD
0.37%$10k-2 Year CDARS CD
0.37%$10k-2 Year CDARS Business CD
0.19%$10k-1 Year CDARS CD
0.19%$10k-1 Year CDARS Business CD
0.07%$10k-6 Month CDARS CD
0.07%$10k-6 Month CDARS Business CD
0.04%$10k-3 Month CDARS CD
0.04%$10k-3 Month CDARS Business CD

EverBank IRA Rates

ApyMinMaxProduct
1.80%$1,500-5 Year Yield Pledge IRA
Start SavingAdvertisementSponsored Note:
1.80%$1,500-5 Year Yield Pledge Roth IRA
Start SavingAdvertisementSponsored Note:
1.10%$1,500-2.5 Year Yield Pledge IRA
Start SavingAdvertisementSponsored Note:
1.10%$1,500-3 Year Yield Pledge IRA
Start SavingAdvertisementSponsored Note:
1.10%$1,500-4 Year Yield Pledge IRA
Start SavingAdvertisementSponsored Note:
1.10%$1,500-2.5 Year Yield Pledge Roth IRA
Start SavingAdvertisementSponsored Note:
1.10%$1,500-3 Year Yield Pledge Roth IRA
Start SavingAdvertisementSponsored Note:
1.10%$1,500-4 Year Yield Pledge Roth IRA
Start SavingAdvertisementSponsored Note:
1.05%$1,500-2 Year Yield Pledge IRA
Start SavingAdvertisementSponsored Note:
1.05%$1,500-2 Year Yield Pledge Roth IRA
Start SavingAdvertisementSponsored Note:
0.75%$1,500-1 Year Yield Pledge IRA
Start SavingAdvertisementSponsored Note:
0.75%$1,500-1.5 Year Yield Pledge IRA
Start SavingAdvertisementSponsored Note:
0.75%$1,500-1 Year Yield Pledge Roth IRA
Start SavingAdvertisementSponsored Note:
0.75%$1,500-1.5 Year Yield Pledge Roth IRA
Start SavingAdvertisementSponsored Note:
0.50%$1,500-3 Month Yield Pledge IRA
Start SavingAdvertisementSponsored Note:
0.50%$1,500-6 Month Yield Pledge IRA
Start SavingAdvertisementSponsored Note:
0.50%$1,500-9 Month Yield Pledge IRA
Start SavingAdvertisementSponsored Note:
0.50%$1,500-3 Month Yield Pledge Roth IRA
Start SavingAdvertisementSponsored Note:
0.50%$1,500-6 Month Yield Pledge Roth IRA
Start SavingAdvertisementSponsored Note:
0.50%$1,500-9 Month Yield Pledge Roth IRA
Start SavingAdvertisementSponsored Note:

Rates updated: 2/8/2012

Data for Q3 2011


Institution Statistics


EverBank
OTS #15115
FDIC Certificate #34775
BankRate ReportView
Year Established1998
Employees2363
Primary RegulatorOCC

Assets and Liabilities

Assets$12.55 billion
Loans$8.02 billion
Deposits$10.22 billion
Equity Capital$1.08 billion
Loan Loss Allowance$83.83 million
Unbacked Noncurrent Loans$332.47 million
Real Estate Owned$139.61 million

Historic Data - September 2010

Assets$11.59 billion
Equity Capital$1.09 billion
Loan Loss Allowance$71.12 million
Unbacked Noncurrent Loans$197.34 million
Real Estate Owned$136.45 million

Profit Margin - Quarterly

Net Interest Margin4.41%
Return on Assets0.44%
Return on Equity4.81%
Interest Income$454.69 million

Institution Health


Overall Score:
3 out of 5
3
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 September 30, 2011 EverBank had $472.07 million in non-current loans and owned real-estate with $1.16 billion in equity and loan loss allowances on hand to cover it. This gives EverBank a Texas Ratio of 40.63% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for EverBank increased slightly from 16.36% as of September 30, 2010 to 40.63% as of September 30, 2011, resulting in a negative change of 148.36%. This indicates that the balance sheet and financial strength for EverBank has declined slightly in recent periods.
Deposit Growth5
In the past year, EverBank has increased its total deposits by $903.34 million, resulting in 9.7% 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 $12.55 billion in assets with $1.16 billion in equity, resulting in a capitalization level of 9.26%, 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.

6

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.

4

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.

4