The EverBank checking account promotions is for the bank’s online checking account or Yield Pledge checking account. The EverBank checking account is already one of the highest yielding checking accounts available and EverBank is running a checking account promotion that adds a three month bonus rate to the account.
The current checking account rates are based on tier balance structure. For online checking account deposit balances less than $10,000.00, the current checking account rate is 0.51%. For checking account balances of $10,000.00 up to $24,999.99 the interest rate earned on the account is 0.70%. Checking account balances of $25,000.00 to $49,999.99 earn a rate of 1.16%. And EverBank checking account balances of $50,000.00 to $99,999.99 has an interest rate of 1.20%.
The checking account bonus is an increased interest rate of 2.25% that applies to all deposit amounts for the first three months. This increased rate boosts the annual percentage yield for the first year on the bottom tier checking account balances to 0.95%, the next tiers first year APY rises to 1.09%, for checking account balances of $25,000.00 to $49,999.00 will have an annual percentage rate of 1.43% on the first year with the bonus rate and the next tier of $50,000.00 to $99,999.99 will see an increase to 1.46% with the added checking account promotion.
The EverBank online checking account has very few account fees or costs. There is no monthly account or maintenance fee. Online bank bill pay access will have a fee of $8.95 but only on checking account balances below $5,000.00.
EverBank offers a diversified array of online banking products along with the checking account that include high yield savings accounts, bank money markets accounts, high yielding certificates of deposit, mortgage loans, credit cards and other bank products.
A new checking account with EverBank can be opened online. All EverBank checking accounts, savings accounts, money market accounts, and bank CDs are FDIC insured.
EverBank provides banking, investing and lending products nationwide directly to consumers and through a variety of businesses. EverBank Financial Corp is a bank holding company headquartered in Jacksonville, Florida.
To compare EverBank savings accounts and money market account rates with the top rates in the nation see savings accounts rates or money market account rates. For those consumers looking for low rate mortgages, see 30 year mortgage rates or 15 year mortgage rates.
All bank rates are current as of this publication date but are not guaranteed. October 14, 2010.
Tags: checking account promotion, checking account rates, credit cards, EverBank, EverBank checking account, EverBank savings accounts, high yielding certificates of deposit, money market account rates, mortgage loans, online checking account
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