Everbank Money Market Account
Everbank has emerged as a major financial institution in the United States. It has yet to achieve the financial stability as enjoyed by the major financial institutions of the US but the bank is surely on its steady path to success. It has started offering many new accounts with lucrative offers to lure more customers. Everbank money market account has become the talk of the financial town in recent months. The company is offering a standard annual high yield rate of 1.51%. The account is called Yield Pledge Money Market account and claims to offer one of the highest rates in the financial market.
Everbank money market promises its account holders that their accounts will be kept in the top five percent of the competitive accounts in the Leading Index of national banks and thrifts. It also offers a starting rate of 2.25% as a three month bonus rate but the year long rate remains 1.51%.
The rates for money markets at Everbank are calculated after taking into account the national economic atmosphere and financial conditions. These rates are subject to change and the bank cannot promise the highest rates during extended periods of time. Latest information about rates is available on the company website to help visitors with deciding about their investment strategies. General rules and regulations apply on the high yield account and the bank might deduct some money in case of violations of user agreement or early withdrawals.