EverBank 5.51% Intro APY Free Net Savings Account
Published by fanmoney December 8th, 2007 in Money Market Rates 
EverBank, a FDIC insured bank is offering a introduction promotional FreeNet checking account rate of 5.51% APY for the first three months. After the first three month at introductory rates, your interest will follow EverBank’s rate tier. I would suggest people to invest for the first three month to benefit from the 5.36% interest and then maybe withdraw your money and put it into a Certificate of Deposit like the E-Loan 5.00% APY 3 month CD.
To apply, simply fill out an application online, signed it and mail it in. You will then have to wait for EverBank’s confirmation with your account number, once you recieve your confirmation number, you can then link it with your external bank and transfer funds over.
This is a free checking/savings account with no minimum deposit, but if you want the option of BillPay, you will need to keep a minimum balance of $1,500.00 USD. The penalty for going the depoisit limit with BillPay is $4.95.
Even though EverBank doesn’t have their own ATMs across the country, they will however credit you with $6.00 USD every month for your ATM fees if you mail in your ATM reciept.
For more information, please visit EverBank’s homepage at www.everbank.com.
3 Responses to “EverBank 5.51% Intro APY Free Net Savings Account ”
- 1 Trackback on Mar 8th, 2008 at 3:37 pm
WaMu 3.30% Savings Account
E*TRADE 3.15% APY Savings!
FREE $50 Bonus & 3% Cashback
AMEX SimplyCash 5% Cashback
Any plans of opening atm machines in the near futur?
Investing just for the initial 3 month period sounds like a good idea as once the rate falls it will not be such a good prospect. Not all banks allow you to withdraw your money free of charge though so it is worth checking out whether you can do this before you open the account.