EverBank Review 2025
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At a glance
CDs
Checking
Savings
MMA
About Bankrate Score
Overview
EverBank is good for customers who want a full-service online bank with competitive deposit yields. It offers checking, savings and money market accounts as well as certificates of deposit (CD) accounts.
Highlights
- High APY
- ATM Fee Refunds
- Low Fees
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
These are sponsored offers rated highly by us for competitive rates, fees, and minimums.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.4/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate CD rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Checking rating = 5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Overall
EverBank is an institution that operates primarily online, offering deposit accounts with competitive rates and low minimum balances, and customers have access to almost 100,000 fee-free ATMs. The bank maintains a limited number of branches, mainly in Florida.
Pros
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EverBank offers competitive yields on its savings account and certificates of deposit (CDs).
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The bank provides access to thousands of surcharge-free ATMs.
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It offers a variety of services and products.
Cons
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EverBank doesn’t offer no-penalty or IRA CDs.
EverBank banking products
EverBank Performance Savings overview
Pros
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The Performance℠ Savings account earns a highly competitive APY.
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Like many other offerings from online banks, this account has no monthly maintenance fee.
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You can deposit checks into the account via a mobile device.
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The Performance℠ Savings account doesn’t have a minimum opening balance requirement.
Cons
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There's no option to set up savings buckets or categories, which is a feature provided by some other banks.
Rate history for EverBank's Savings account
See how rates for this account have changed over time. Interact with the trend lines to view APY by date.
EverBank Performance Certificates of Deposit overview
Pros
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EverBank’s Performance℠ CDs offer competitive APYs.
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A variety of CD terms are offered, ranging from three months to five years.
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The minimum opening deposit is typical, though you could find similar APYs with no minimum opening deposit at all.
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EverBank also offers a bump-up CD (which enables you to increase your APY once during the term if rates increase) as well as CDs with expanded Federal Deposit Insurance Corporation (FDIC) coverage.
Cons
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EverBank doesn’t offer IRA or no-penalty CDs.
Rate history for EverBank's CD accounts
See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.
EverBank Performance Money Market overview
Pros
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The account comes with check-writing privileges and a debit card.
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Surcharges for out-of-network ATM use are reimbursed up to $15 per month, while accounts with a minimum balance of $5,000 receive unlimited fee reimbursements.
Cons
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You need at least $10,000 to earn a competitive APY with this account. Anything below that will earn a paltry 1 percent APY.
EverBank Performance Checking overview
Pros
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The Performance℠ Checking account doesn’t charge a monthly maintenance fee and earns 0.25 percent APY, which is more than many checking accounts.
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Fee-free access to nearly 100,000 ATMs, including through the Allpoint and MoneyPass networks.
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ATM fee reimbursements for out-of-network ATMs.
Cons
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No overdraft program available. You won’t be charged a fee, but you also likely won’t get your transaction through.
Bank fees
| Fee | Charged? |
|---|---|
| Overdraft fee | None |
| Non-sufficient funds fee | None |
| Monthly maintenance fee | None |
| Out-of-network ATM fee | $0 |
| Excessive transaction fee | None |
Customer experience
Customer support
Physical presence. EverBank is a mostly online bank serving customers in all 50 states. It does have some branches, mostly in Florida. You get access to nearly 100,000 fee-free ATMs with EverBank, but only for withdrawals. You won’t be able to deposit cash.
Customer service. Customer service is available by phone weekdays 8 a.m. to 8 p.m. Eastern time and Saturdays from 9 a.m. to 7 p.m. Customers can also receive support through email.
Digital experience
Mobile app. The EverBank mobile app can be used to make mobile check deposits, make external transfers and use Zelle and online bill pay. The app receives mixed reviews on Google Play and Apple’s App Store with some users reporting trouble logging on and accessing their accounts
The above images were last updated on June 5, 2024.
Bankrate staff insights
“My spouse and I previously had our savings in an account earning just 0.25 percent APY,” said a Bankrate staff member who uses EverBank personally. “But we want that money to be earning money for us, instead of sitting there losing value due to inflation. We chose EverBank's Performance Savings account for its impressive APY and lack of fees.”
Disclosure: To enhance our product reviews, Bankrate employees often open accounts and provide feedback. They may have been compensated for their time and account maintenance, but this does not affect the integrity of their review.
How EverBank compares to other banks
Compare different account types offered by EverBank. Annual percentage yields (APYs) shown were updated between Jan. 11, 2025 and Jan. 17, 2025.
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Selected bank
EverBank savings account
Bankrate score
5.0
Bankrate Savings rating = 5.0/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. |
Most comparable
Ally Bank savings account
Bankrate score
4.4
Bankrate Savings rating = 4.4/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. |
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Bankrate score
Bankrate Savings rating Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. |
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APY
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs last updated between Jan. 11, 2025 and Jan. 17, 2025.
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| 4.40% | 3.80% | |
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Minimum balance for APY
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| $0.00 | $0.00 | |
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Estimated earnings
Interest earned calculation based on a $50,000 deposit amount for a period of 1 year and is rounded to the nearest dollar. Exact earnings are dependent on calendar year, balance, and compounding frequency. Minimum deposit rules may apply.
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| $2,200 | $1,900 | |
| The EverBank Performance℠ Savings account earns a competitive yield on all balances. The account comes without monthly fees or minimum balance requirements. There is also no minimum opening requirement, making the account highly accessible to everyone. | Ally Bank consistently offers a competitive yield on its Online Savings Account. The online bank doesn’t have the absolute highest yield, but it offers a competitive one and doesn’t have a minimum balance requirement or a monthly service fee. The bank offers mobile deposit, but you’ll need to transfer money to the Ally checking account or money market account if you want to access money in your savings from an ATM. | |
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APY offering:
4.40%
5/5
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.
Minimum balance for APY:
$0.00
5/5
The lowest deposit amount an account must have before it can earn interest.
Monthly service fee:
$0.00
5/5
A monthly charge a financial institution deducts from an account if certain requirements are not met.
Minimum balance to avoid fee:
$0.00
5/5
The lowest balance an account must maintain in order to avoid a fee.
Access to funds:
Great
5/5
A procedure that allows an individual or organization to access and manage the funds of another account holder.
|
APY offering:
3.80%
4/5
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.
Minimum balance for APY:
$0.00
5/5
The lowest deposit amount an account must have before it can earn interest.
Monthly service fee:
$0.00
5/5
A monthly charge a financial institution deducts from an account if certain requirements are not met.
Minimum balance to avoid fee:
$0.00
5/5
The lowest balance an account must maintain in order to avoid a fee.
Access to funds:
Good
4/5
A procedure that allows an individual or organization to access and manage the funds of another account holder.
|
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.
The lowest deposit amount an account must have before it can earn interest.
A monthly charge a financial institution deducts from an account if certain requirements are not met.
The lowest balance an account must maintain in order to avoid a fee.
A procedure that allows an individual or organization to access and manage the funds of another account holder.
Bankrate does not currently track additional product details for this bank.
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Review methodology
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.
EverBank customer reviews
EverBank has 23 reviews
Dive into community reviews below and see what others think about EverBank.
In July 2024, Bankrate collaborated with a third-party vendor to survey 1,200 bank account holders nationwide. Bankrate and our vendor collected and summarized account holder responses to five rating questions on a 5-point scale as well as open-ended reviews of the banking experience. Responses are based on individual account holder product details, and therefore cannot be verified for accuracy. Reviewers received an incentive for their feedback. Their ratings are unedited and have not been reviewed or approved by the associated bank or credit union, nor do these responses reflect Bankrate's own expert review of these banking products.
Community Reviews
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