EverBank Review 2025

In 2023, TIAA Bank was sold to private investors and renamed EverBank. The bank started operating under a new national charter, but customers were able to continue banking at the institution without any significant impact on their accounts.

Here’s an overview of the personal bank accounts available at EverBank.

ACCOUNT	ANNUAL PERCENTAGE YIELD (APY)	MINIMUM DEPOSIT REQUIREMENT	MONTHLY FEE
EverBank Basic Checking	N/A	$25	$0
EverBank Performance Checking	0.25%	$100	$0
EverBank Performance℠ Savings	4.05%	$0	$0
EverBank Performance Money Market	4.00% (balances of $10,000 or more)	$0	$0
EverBank Performance CD	3.40% to 4.00%	$1,000	$0

For EverBank Performance CD

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EverBank offers two checking accounts: EverBank Basic Checking and EverBank Performance Checking. Both accounts must be opened over the phone or in a financial center.

 EverBank Basic Checking

The EverBank Checking account is a simple everyday checking account with no monthly fee and a low minimum deposit requirement of $25. The account offers reimbursements for ATM fees charged by other banks, the amount of which depends on your minimum daily balance. EverBank itself does not charge any ATM fees.

• Balances under $5,000: $15/month in ATM fee reimbursements
• Balances over $5,000: Unlimited ATM fee reimbursements

 EverBank Performance Checking

EverBank also offers an interest-bearing checking account that earns 0.25%

APY on all balance tiers. The account has no monthly fee but requires a higher opening deposit of $100.

Like the basic EverBank Checking account, accounts with balances of $5,000 or more receive unlimited out-of-network ATM fee reimbursements. Accounts with balances below $5,000 are reimbursed up to $15 per month.

You have one savings option at EverBank, a high-yield savings account with a generous rate for new customers.

EverBank Performance℠ Savings

New EverBank Performance Savings account holders earn 4.05% APY—a highly competitive rate when compared to the best high-yield savings accounts—with no monthly maintenance fee to offset any interest you earn. The account also has no minimum deposit requirement, making it suitable for both beginner and experienced savers.

Unlike EverBank’s checking accounts, the Performance Savings account can be opened online.

The bank’s sole money market product is another high-yield account, though its interest rate is slightly lower than what you get with Performance Savings.

EverBank Performance Money Market

EverBank’s Performance Money Market account earns a competitive rate of 4.00%

APY, but this rate applies only to balances of $10,000 and higher. Balances under $10,000 earn a less impressive 2.02% APY.

The account has no monthly fee or minimum opening deposit. As with most MMAs, this account comes with check-writing privileges and a debit card that can be used to make fee-free withdrawals at over 80,000 ATMs.

EverBank offers unlimited out-of-network ATM fee reimbursements for accounts with balances of at least $5,000, and up to $15 a month in reimbursements for accounts with balances under $5,000.

EverBank Performance Money Market accounts can only be opened at a financial center.

In addition to its high-yield CDs, EverBank also offers one bump-rate CD and another type of CD designed for larger sums.

EverBank Performance CDs

EverBank’s Performance CDs require a minimum deposit of $1,000 and are available in terms ranging from three months to five years. EverBank CD rates are competitive, running from 3.40% to 4.00% APY. Accounts can be opened online.

CDs automatically renew at maturity, unless instructed otherwise. After maturity, you will have a 10-business-day grace period to add or withdraw funds, change your CD term or close your CD without penalty.

CD TERM	APY
3 Months	3.90%
6 Months	3.80%
7 Months	4.00%
9 Months	3.80%
1 Year	3.65%
13 Months
18 Months	3.50%
2 Years	3.50%
25 Months	3.55%
30 Months	3.40%
3 Years	3.50%
4 Years	3.40%
5 Years	3.40%

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EverBank CDARS CDs

EverBank also offers another type of CD designed for individuals who intend to invest large sums of cash. CDARS CDs from EverBank require a minimum deposit of $10,000 and offer FDIC coverage on up to $50 million in deposits. Funds are allocated to CDs from multiple banks within the IntraFi Network.

TERM	FUNDING LIMIT (PER WEEK)	APY
3 Months	$12 million	3.35%
6 Months	$12 million	3.23%
1 Year	$12 million	3.02%
2 Years	$1 million	2.76%
3 Years	$500,000	3.22%

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In addition to the accounts mentioned above, EverBank offers the following banking products and services.

• Investing options
• Credit cards
• SBA Loans
• Commercial financing options
• Treasury, merchant and foreign exchange services
• Business checking accounts
• Business money market accounts
• Business CDs
• Business credit cards
• Foreign currency deposit account

You can reach EverBank customer service by calling 1-888-882-3837. Service hours are Monday through Friday, 8 a.m. to 10 p.m. ET, and Saturday, 9 a.m. to 7 p.m. ET.

EverBank financial centers are only located in Florida and California, but accounts can be managed by using the EverBank desktop platform or mobile app. The EverBank mobile app has poor ratings, however: 2.7 stars on Google Play and 2.3 stars on the App Store, with several reviews citing poor usability.

The app offers the following features and functions to help you manage your accounts.

• Mobile check deposit
• Transfer money between accounts
• Send money with Zelle
• Online Bill Pay
• Review activity and check balances
• Open new accounts
• Update alerts for accounts, transactions and debit card activity
• Report your card lost or stolen

EverBank customers have access to over 80,000 fee-free EverBank, AllPoint and MoneyPass ATMs nationwide.

EverBank charges very few fees, including no monthly fees on its personal banking accounts. Additionally, none of the following fees apply:

• Non-sufficient fees
• Overdraft fees
• ATM fees
• Incoming wire fees
• Returned-item fees
• Account closing fee

The following are some of the few fees that EverBank does charge:

• Outgoing domestic wire transfer: $25
• Outgoing international wire transfer (U.S. currency): $35
• Stop payment: $25

Withdrawal and transaction limits for debit cards are as follows:

• ATM withdrawals $2,020 per day
• PIN-based transactions $5,000 per day
• Non-PIN-based transactions $5,000 per day

EverBank vs. Axos Bank

If scoring the highest APY possible is your top priority, Axos Bank is worth considering. Like EverBank, Axos Bank offers a solid lineup of bank accounts with no monthly fees. While both banks offer competitive yields, rates on the Axos ONE checking and savings accounts are higher than those available at EverBank— 0.51% APY on checking balances and 4.51% APY on savings balances. However, you will need to meet certain criteria to earn these elevated rates.

EverBank vs. Wells Fargo Bank

If you’re looking for a full-service bank with a strong physical presence, Wells Fargo Bank may be a good fit. It has over 5,600 branch locations and a network of 11,000 ATMs. Like most large, national banks, however, rates are much lower than what’s offered by online banks. But if you’re willing to sacrifice higher rates for the opportunity to bank in person, it could be a good fit for you.

Forbes Advisor rates banks based on various factors, including their fees, interest rates and ATM networks, among other characteristics. We assign separate ratings to financial institutions and their individual products, such as checking accounts, savings accounts and certificates of deposit (CDs). We rate banks based on a scale of one to five stars, with one star as the poorest rating and five stars as the best.

To learn more about our rating and review methodology and editorial process, check out our guide on How Forbes Advisor Reviews Banks.