TIAA Bank


Overview / Commentary
855-842-2372
501 Riverside Ave.
Jacksonville, FL 32202

TIAA Bank serves consumer, commercial and institutional clients nationwide, providing a wide range of products and services online, by phone and at financial centers located throughout Florida. The bank was created by the merger of TIAA Direct and EverBank, which was acquired in 2017 by TIAA, a leading financial services provider.
With nearly 60 years of experience serving clients, TIAA Bank strives to help clients meet their financial goals at each stage of life. From savings to homebuying to managing day-to-day finances, the bank and its parent, TIAA, offer a suite of services that make financial wellness a priority for each client.
TIAA Bank is the largest bank based in Florida and is headquartered in Jacksonville, serving clients in all 50 states and the District of Columbia. The bank’s legal entity name is TIAA, FSB.

Related Posts

TIAA Bank Yield Pledge® Money Market Has 1 Year Rate Guarantee - 4/8/2020

TIAA Bank's Yield Pledge® Money Market offers a competitive introductory rate on balances up to $250k. The rate guarantee lasts for one year.

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11/12/17 - Upto $500 Bonus For MMA Account At TIAA Direct
9/15/17 - 12-Month CD, 1.62% APY
7/3/17 - TIAA Direct's CD Rates Upped To Competitive Levels
6/26/17 - TIAA Direct Syncs CD Rates With EverBank Following Acquisition
6/14/17 - TIAA Direct Has Acquired Everbank
2/17/17 - Another $100 Bonus For TIAA Direct High Yield Savings Account
11/17/16 - TIAA Direct Offers $250 Bonus For New High Yield Savings Account
11/16/16 - $250 Bonus For TIAA Direct Savings Account With $15,000 Deposit
11/6/16 - $100 Bonus For TIAA Direct High Yield Savings Account
8/15/16 - TIAA Direct Advertising $150 Checking Account Bonus
8/1/15 - $150 Checking Account Bonus
2/18/14 - TIAA Direct Finally Accepting New Customers But Rates Are Disappointing
12/19/13 - Another Rate Drop
10/27/13 - Stating The Status Of Backup Withholding
10/17/13 - TIAA Direct Dropped MM Yield From 0.76% To 0.60%
5/20/13 - Frozen Accounts Due To Account Inactivity
4/25/13 - TIAA Direct Drops Rates AGAIN To 0.76% APY
3/16/13 - TIAA Direct Rate Drops From 0.99% To 0.91%
1/12/13 - TIAA Direct Cuts Rates and Announces New Limits on ACH Withdrawals
10/8/12 - Update on TIAA Direct and Its Online Savings Accounts
9/14/12 - TIAA Direct- FDIC? Bank Title Trust/Pod How Long?
9/2/12 - Thisis The Notice On Their Website In Regard To Deposit Accounts
7/23/12 - TIAA Direct Stops Accepting New Customers
4/17/12 - Confirming that TIAA Direct Accounts Are FDIC Insured
4/10/12 - Update on TIAA Direct and Its Savings Account
3/17/12 - TIAA Direct Statement Shows Lower Interest Rate?
2/20/12 - TIAA-CREF Launches New Internet Bank with Top Savings Account Rate

Excellent Experience.

Posted by: |

TIAA has offered some of the higher CD rates which is what I seek. One of my CDs matured over the weekend and they walked me through the transfer process. They added a couple of days accrued interest to the balance due to the weekend maturity and everything went smoothly. Their representatives have always been professional and thoroughly answer any questions. I hope to do more business with them soon.

Uh Oh...Warning Signs

Posted by: |

As good as my experiences have been with TIAA, my initial exposure to TIAA BANK has me worried. They did offer a better IRA CD rate so i took a chance. Website is WEAK as when one looks up account status/activity, etc. BUT - my MAIN COMPLAINT IS - when i needed to speak to Customer Service 2x, they DEMANDED i tell them my "security code" VERBALLY and i had other people in the room, use this code elsewhere AND CANNOT BELIEVE IT CANNOT BE INPUTTED ON THE PHONE OR OTHER METHOD as every i bank i work with has as procedure.

Bank Has Really Declined Since TIAA Bought It

Posted by: |

This bank just ok when it was Everbank but I put up with it for the great interest rates. Ever since TIAA bought it the web interface has only gotten worse. The past few months the bill pay options have stopped working correctly and now I don't even have the option of paying a bunch of my credit cards automatically. The missed payments led to late fees because TIAA never notified me that they wouldn't be making these payments any more.
Customer Service acts like there's nothing wrong and they've been completely useless.
Also, their wire transfer service is terrible and expensive. TIAA is driving this place into the ground.

Terrible Experience

Posted by: |

I tried for almost a month to transfer my traditional IRA from a New Jersey bank to TIAA. The experience was absolutely horrendous. I completed all the required forms and was told the transfer request form had been forwarded to my bank. It was not despite multiple requests. Then they said they could fax the form to my bank because I was nearing the point where I would incur a penalty for not transferring my IRA within the 7 day time period. The fax was never received by my bank despite several calls to TIAA and being told someone in the IRA account department had taken care of faxing the form. I kept being told that everyone could understand my frustration but that did not help too much. I finally gave up and found a New Jersey bank that had the exact same rate for a 13 month IRA CD. I would never attempt to do business with TIAA again.

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Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. TIAA Bank has a negative return on equity.

Health Grade Components

Overall
FDIC Certificate #34775
Year Established1998
Employees2521
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD-4.31%
Return on Equity - YTD-50.33%
Annual Interest Income$373.3MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$42.37B$38.03B
LoansQ1 2020vs Q1 2019$35.87B$31.64B
DepositsQ1 2020vs Q1 2019$30.02B$24.25B
Equity CapitalQ1 2020vs Q1 2019$3.30B$3.88B
Loan Loss AllowanceQ1 2020vs Q1 2019$174.9MM$149.3MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$175.2MM$198.6MM
Real Estate OwnedQ1 2020vs Q1 2019$31.5MM$29.6MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not TIAA Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

TIAA Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%--Basic Savings
0.65%--Basic Savings IRA

TIAA Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*-$250kYield Pledge Money Market - 1st Year Intro Rate
OTHER TIERS: 0.70% $250k - $10m
0.75%*-$250kYield Pledge Money Market IRA - 1st Year Intro Rate
OTHER TIERS: 0.70% $250k - $10m
0.70%*$100k*$10mYield Pledge Money Market - Ongoing Rates
OTHER TIERS: 0.50% Up to $10k | 0.55% $10k - $25k | 0.60% $25k - $50k | 0.65% $50k - $100k
0.70%*$100k*$10mYield Pledge Money Market IRA - Ongoing Rates
OTHER TIERS: 0.50% Up to $10k | 0.55% $10k - $25k | 0.60% $25k - $50k | 0.65% $50k - $100k
0.45%*$1m*-Business Money Market
OTHER TIERS: 0.25% Up to $10k | 0.35% $10k - $100k | 0.40% $100k - $1m

TIAA Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*-$250kYield Pledge Checking - 1st Year Intro Rate
OTHER TIERS: 0.25% $250k - $10m
0.40%*-$250kSmall Business Checking - 1st Year Intro Rate
OTHER TIERS: 0.25% $250k - $10m
0.40%*$1m*-Business Interest Checking
OTHER TIERS: 0.15% Up to $10k | 0.25% $10k - $100k | 0.35% $100k - $1m
0.25%*$50k*$10mSmall Business Checking - Ongoing Rates
OTHER TIERS: 0.15% Up to $25k | 0.20% $25k - $50k
0.25%*$50k*$10mYield Pledge Checking - Ongoing Rates
OTHER TIERS: 0.15% Up to $25k | 0.20% $25k - $50k
0.25%*$50k*-Non-Profit Checking
OTHER TIERS: 0.15% Up to $25k | 0.20% $25k - $50k

TIAA Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$1k-5 Year CD
0.90%$1k-4 Year CD
0.80%$1k-3 Year CD
0.80%$1.5k$250k3.5 Year Bump Rate CD
0.75%$1k-2 Year CD
0.70%$1k-1.5 Year CD
0.65%$1k-1 Year CD
0.65%$1k-2.5 Year CD
0.55%$1k-9 Month CD
0.45%$1.5k$100kBusiness 1 Year CD
0.45%$1.5k$100kBusiness 1.5 Year CD
0.45%$1.5k$100kBusiness 2 Year CD
0.45%$1.5k$100kBusiness 2.5 Year CD
0.45%$1.5k$100kBusiness 3 Year CD
0.45%$1.5k$100kBusiness 4 Year CD
0.45%$1.5k$100kBusiness 5 Year CD
0.40%$1k-6 Month CD
0.40%$1.5k$100kBusiness 6 Month CD
0.40%$1.5k$100kBusiness 9 Month CD
0.32%$10k$12.5m1 Year CDARS
0.30%$10k$2.5m2 Year CDARS
0.30%$1.5k$100kBusiness 3 Month CD
0.25%$1k-3 Month CD
0.25%$10k$12.5m3 Month CDARS
0.25%$10k$12.5m6 Month CDARS
0.25%$10k$1m3 Year CDARS
0.25%$10k$12.5mBusiness 3 Month CDARS
0.25%$10k$12.5mBusiness 6 Month CDARS
0.25%$10k$12.5mBusiness 1 Year CDARS
0.25%$10k$2.5mBusiness 2 Year CDARS
0.25%$10k$1mBusiness 3 Year CDARS

TIAA Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$1k-5 Year IRA
0.90%$1k-4 Year IRA
0.80%$1k-3 Year IRA
0.80%$1.5k$250k3.5 Year Bump Rate IRA
0.75%$1k-2 Year IRA
0.70%$1k-1.5 Year IRA
0.65%$1k-1 Year IRA
0.65%$1k-2.5 Year IRA
0.55%$1k-9 Month IRA
0.40%$1k-6 Month IRA
0.25%$1k-3 Month IRA
Locations

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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.