Everbank Money Market Rates
Everbank specializes in secure investment-style banking and interest yields. Right now, they’re offering a pledge that money market rates at Everbank will be among the top five in the nation. So obviously we here at Money Market Rates 101 had to give them a look and let you know what those Everbank money market rates are up to.
Currently, Everbank rates for money market accounts have two requirements: either a deposit amount higher than $50,000 for a higher rate and a 3-month bonus rate.
Money market rates at Everbank start at 2.16% annual percentage yield (APY) right now for deposits over the minimum $1,500 to open, but under $50,000. Since these rates are guaranteed to stay in the top five nationally, they will be high for some time, we would think.
For deposits over $50,000 at opening (and held for the first 3 months), a bonus rate of 2.51% APY is paid for three months. That’s a pretty good bonus, we think you’ll agree.
On both Everbank rates money market accounts, there is Internet banking as well as mobile phone access free of charge. Up to six withdrawals or transfers may be conducted per month to hold your money market rates at Everbank and there is no monthly account fee if your balance stays above $1,500.
Everbank money market rates are definitely worth a look and we think you’ll be glad you did. Rates change regularly with the market, of course, so be sure to look at money market rates at Everbank before you open your account. All accounts at Everbank are FDIC insured.