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EverBank Review 2024

Updated June 3, 2024
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At a glance

4.8
Rating: 4.8 stars out of 5
Bankrate Score
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CDs

Rating: 4.1 stars out of 5

Checking

Rating: 4.7 stars out of 5

Savings

Rating: 5 stars out of 5

MMA

Rating: 5 stars out of 5

About Bankrate Score

Overview

EverBank is good for customers who want a full-service online bank with competitive deposit yields. It offers checking, savings and money market accounts as well as certificates of deposit (CD) accounts.

Highlights

  • High APY
  • ATM Fee Refunds
  • Low Fees
Sponsored offers
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These are sponsored offers rated highly by us for competitive rates, fees, and minimums.

Bank logo
Member FDIC
Savings Account
4.75
%
APY
APY
Info Icon
As of 12/11/2024
Rating: 5 stars out of 5
$0
Min. balance for APY
View offer Arrow Right Icon
Promoted offer: No monthly maintenance fee, $0 to open, easily grow your money
Bank logo
Member FDIC
Savings Account
3.90
%
APY
APY
Info Icon
As of 12/11/2024
Rating: 4.4 stars out of 5
$0
Min. balance for APY
View offer Arrow Right Icon
Promoted offer:
Bank logo
Member FDIC
Savings Account
4.80
%
APY
APY
Info Icon
As of 12/11/2024
Rating: 4.7 stars out of 5
$0
Min. balance for APY
View offer Arrow Right Icon
Promoted offer: No fees. Easy deposits and quick withdrawals.

Overall

EverBank is an institution that operates primarily online, offering deposit accounts with competitive rates and low minimum balances, and customers have access to almost 100,000 fee-free ATMs. The bank maintains a limited number of branches, mainly in Florida.

EverBank earned the Best Savings Account honor in the 2024 Bankrate Awards.

Pros

  • Checkmark Icon

    EverBank offers competitive yields on its savings account and certificates of deposit (CDs).

  • Checkmark Icon

    The bank provides access to thousands of surcharge-free ATMs.

  • Checkmark Icon

    It offers a variety of services and products.

Cons

  • EverBank has a limited network of full-service branches.

  • It doesn’t offer a no-penalty CD.

EverBank Logo

We want to know what you think about EverBank

Do you have experience with EverBank? Let us know your thoughts.

EverBank banking products

5.0
/5
Rating: 5 stars out of 5
SCORE BREAKDOWN
APY offering:
4.75%
Rating: 5 stars out of 5
5/5
Info Icon
Minimum balance for APY:
$0.00
Rating: 5 stars out of 5
5/5
Info Icon
Monthly service fee:
$0.00
Rating: 5 stars out of 5
5/5
Info Icon
Minimum balance to avoid fee:
$0.00
Rating: 5 stars out of 5
5/5
Info Icon
Access to funds:
Great
Rating: 5 stars out of 5
5/5
Info Icon
FEATURES
Invest Rate Icon
4.75% APY
Info Icon
Savings Icon
$0 minimum balance for APY
Loan Icon
$0 minimum deposit to open

EverBank savings overview

The EverBank Performance℠ Savings account earns a highly competitive APY, and there’s no minimum opening deposit or monthly maintenance fee.

Pros

  • Checkmark Icon

    The account earns a highly competitive APY.

  • Checkmark Icon

    There’s no monthly maintenance fee.

  • Checkmark Icon

    You can deposit checks into the account via a mobile device.

  • Checkmark Icon

    The Performance℠ Savings account doesn’t have a minimum opening balance requirement.

Cons

  • Some savings accounts offer slightly higher yields.

  • See how rates for this account have changed over time. Interact with the trend lines to view APY by date.

    EverBank
    APY
    APY
    Info Icon
    National average APY
    How do we get this data?
    Info Icon

Bank fees

Fee Charged?
Overdraft fee None
Non-sufficient funds fee None
Monthly maintenance fee None
Out-of-network ATM fee $0
Excessive transaction fee None

Customer experience

Customer support

Physical presence. EverBank serves customers in all 50 states, although the majority of its branches are located in Florida. The bank provides access to nearly 100,000 surcharge-free ATMs.

Customer service. Customer service is available by phone weekdays 8 a.m. to 8 p.m. Eastern time and Saturdays from 9 a.m. to 7 p.m.

Digital experience

Mobile app. In August 2023, TIAA Bank started operating as EverBank. While the TIAA mobile app is highly rated and still available for download, EverBank plans to introduce a new mobile app in 2024, according to its website.

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Bankrate staff insights

“My spouse and I previously had our savings in an account earning just 0.25 percent APY,” said a Bankrate staff member who uses EverBank personally. “But we want that money to be earning money for us, instead of sitting there losing value due to inflation. We chose EverBank's Performance Savings account for its impressive APY and lack of fees.”

Disclosure: To enhance our product reviews, Bankrate employees often open accounts and provide feedback. They may have been compensated for their time and account maintenance, but this does not affect the integrity of their review.

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The above images were last updated on June 5, 2024.

How EverBank compares to other banks

Compare different account types offered by EverBank. Annual percentage yields (APYs) shown were updated between Dec. 4, 2024 and Dec. 10, 2024.

Selected bank
EverBank savings account
EverBank Logo
Member FDIC
Bankrate score
Rating: 5 stars out of 5
5.0
Info Icon
Most comparable
Ally Bank savings account
Ally Bank Logo
Member FDIC
Bankrate score
Rating: 4.4 stars out of 5
4.4
Info Icon
Read review
Search for or select a bank:
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Bankrate score
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Read review
APY
Info Icon
4.75% 3.85%
Minimum balance for APY
$0.00 $0.00
Estimated earnings
Info Icon
$2,375 $1,925
The EverBank Performance℠ Savings account earns a competitive yield on all balances. The account comes without monthly fees or minimum balance requirements. There is also no minimum opening requirement, making the account highly accessible to everyone. Ally Bank consistently offers a competitive yield on its Online Savings Account. The online bank doesn’t have the absolute highest yield, but it offers a competitive one and doesn’t have a minimum balance requirement or a monthly service fee. The bank offers mobile deposit, but you’ll need to transfer money to the Ally checking account or money market account if you want to access money in your savings from an ATM.
  • The Performance℠ Savings account offers a robust yield on all balances.
  • There are no monthly maintenance fees or minimum balance requirements.
  • Ally Bank offers a competitive yield on its Online Savings Account.
  • Ally Bank has savings tools, such as Surprise Savings where Ally Bank looks at your linked checking account for savings opportunities.
    N/A
  • The account doesn’t come with an ATM card, so banking for this account must be done online or the bank’s mobile app.
  • Ally Bank doesn’t offer ATM access directly from its savings account.
  • Some other online banks offer a higher yield than Ally Bank.
    N/A
APY offering:
4.75%
5/5
Info Icon
Minimum balance for APY:
$0.00
5/5
Info Icon
Monthly service fee:
$0.00
5/5
Info Icon
Minimum balance to avoid fee:
$0.00
5/5
Info Icon
Access to funds:
Great
5/5
Info Icon
APY offering:
3.80%
4/5
Info Icon
Minimum balance for APY:
$0.00
5/5
Info Icon
Monthly service fee:
$0.00
5/5
Info Icon
Minimum balance to avoid fee:
$0.00
5/5
Info Icon
Access to funds:
Good
4/5
Info Icon
Info Icon
Info Icon
Info Icon
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Bankrate does not currently track additional product details for this bank.

EverBank vs. Ally Bank

You’ll get a similar experience at both EverBank and Ally Bank.

EverBank and Ally both offer just about every consumer deposit product you could think of, with high yields to boot. EverBank operates primarily online, whereas Ally is an entirely online bank. Both offer large ATM networks and often no fees for using out-of-network ATMs.

That noted, EverBank offers a few more standard CDs than Ally does, and EverBank’s CD yields tend to be higher, too. Likewise, you’ll earn higher yields when you park your money in EverBank’s savings and money market accounts.

Review methodology

With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.

We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.

EverBank customer reviews

CTA EverBank has 23 reviews

EverBank has 23 reviews

Dive into community reviews below and see what others think about EverBank.

4.1 Star Icon
23 ratings
Info Icon
Score breakdown
5 stars
48%
4 stars
35%
3 stars
4%
2 stars
4%
1 star
9%
Score by category
Overall Rating 4.1 / 5
Competitiveness of APY 4 / 5
Amount of fees 4 / 5
Customer support 4.1 / 5
Website / Mobile app 4.2 / 5
Verified Badge Icon Bankrate methodology disclosure

In July 2024, Bankrate collaborated with a third-party vendor to survey 1,200 bank account holders nationwide. Bankrate and our vendor collected and summarized account holder responses to five rating questions on a 5-point scale as well as open-ended reviews of the banking experience. Responses are based on individual account holder product details, and therefore cannot be verified for accuracy. Reviewers received an incentive for their feedback. Their ratings are unedited and have not been reviewed or approved by the associated bank or credit union, nor do these responses reflect Bankrate's own expert review of these banking products.

Community Reviews

See what users like you are saying about EverBank.
Search Icon
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Anonymous account holder
September 13, 2024
So far my experience has been great. Customer service, fees, rewards.
Score by category
Amount of fees 4 / 5
Competitiveness of APY 4 / 5
Customer support 5 / 5
Website / Mobile app 4 / 5
Anonymous account holder
September 13, 2024
It has free checking for those who qualify. They give heat customer service and they are always willing to helpe with any banking transactions I need help with.
Score by category
Amount of fees 5 / 5
Competitiveness of APY 5 / 5
Customer support 4 / 5
Website / Mobile app 5 / 5
Anonymous account holder
September 13, 2024
It’s a good bank with good customer service. Customer service Reviews And interest rates.
Score by category
Amount of fees 3 / 5
Competitiveness of APY 3 / 5
Customer support 3 / 5
Website / Mobile app 3 / 5
Anonymous account holder
September 13, 2024
They help you save and they help you with a secure account. It's amazing.
Score by category
Amount of fees 1 / 5
Competitiveness of APY 1 / 5
Customer support 1 / 5
Website / Mobile app 1 / 5
Anonymous account holder
September 13, 2024
It has been extremely good because they are easy to deal with. The costumer service it’s excellent.
Score by category
Amount of fees 5 / 5
Competitiveness of APY 5 / 5
Customer support 4 / 5
Website / Mobile app 4 / 5
Anonymous account holder
September 13, 2024
That this bank really helps you out a lot if you’re new to the banking thing. My experience was amazing really great service and everyone was helpful.
Score by category
Amount of fees 1 / 5
Competitiveness of APY 1 / 5
Customer support 2 / 5
Website / Mobile app 3 / 5
Anonymous account holder
September 13, 2024
It's very convenient to use there online banking and there customer service is great. There fees are smaller. Have great customer service.
Score by category
Amount of fees 4 / 5
Competitiveness of APY 4 / 5
Customer support 4 / 5
Website / Mobile app 5 / 5
Anonymous account holder
September 13, 2024
Love this bank. Closeness, friendly, history.
Score by category
Amount of fees 5 / 5
Competitiveness of APY 5 / 5
Customer support 5 / 5
Website / Mobile app 5 / 5
Anonymous account holder
September 13, 2024
The customer service is good. My overall experience was good.
Score by category
Amount of fees 3 / 5
Competitiveness of APY 3 / 5
Customer support 4 / 5
Website / Mobile app 5 / 5
Anonymous account holder
September 13, 2024
They are very reliable , they also have identity protection and fraud. There advertisments , watching I've always seen there advertisment andvwas always interested.
Score by category
Amount of fees 4 / 5
Competitiveness of APY 4 / 5
Customer support 5 / 5
Website / Mobile app 5 / 5