EverBank Review 2026
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Edited by
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At a glance
Overview
EverBank is a strong option for customers who want a full-service online bank with solid deposit yields. It offers checking, savings and money market accounts (MMAs) as well as certificates of deposit (CD) accounts.
Highlights:
High APY ATM Fee Refunds Low FeesHighlights:
CDs
Checking
Savings
MMA
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
These are sponsored offers rated highly by us for competitive rates, fees, and minimums.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.4/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
EverBank pros and cons
Pros
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Solid annual percentage yields (APYs) across products.
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Thousands of surcharge-free ATMs.
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Variety of services and products.
Cons
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Doesn't offer IRA or no-penalty CDs.
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High deposit requirement for best MMA yield.
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.
EverBank banking products
EverBank Performance® Savings overview
Pros
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Highly competitive APY.
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No monthly maintenance fee.
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Mobile check deposit available.
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No minimum opening balance.
Cons
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No savings delineation features.
EverBank has a highly competitive savings account. Its rates are competitive, and there are no minimum feels to eat into your balance. You also don't need to have a certain balance to get the best rate possible for its savings account — in fact, the minimum opening deposit is $0.
The only feature you may be missing with EverBank's savings account is a way to partition your account. Some banks and credit unions have special savings features that allow you to set specific savings goals and track your progress — some even allow you to create subaccounts for those goals.
Rate history for EverBank's Savings account
See how rates for this account have changed over time. Interact with the trend lines to view APY by date.
EverBank Performance® Certificates of Deposit overview
Pros
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Solid APYs.
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Terms range from three months to five years.
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Bump-up CD offered.
Cons
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No IRA or no-penalty CDs.
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$1,000 to open.
EverBank has a number of CDs on offer, all with rates that are very close to or in line with the most competitive rates available. There are 13 standard terms on offer and a 3.5-year bump rate CD available.
If you're not able to lock up your funds for long, make sure to choose one of the shorter terms — EverBank doesn't offer any no-penalty CDs. You'll also need at least $1,000 to open a CD with EverBank. While that isn't the highest requirement on the market, you'll be able to find lower ones elsewhere.
Rate history for EverBank's CD accounts
See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.
EverBank Performance® Money Market overview
Pros
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Check-writing privileges and a debit card.
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Out-of-network ATM surcharge reimbursements.
Cons
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Highest APY requires a large minimum balance.
EverBank's money market account is a strong option, especially if you're looking to do much of your banking in one place. It offers both a debit card and checks, along with a number of other benefits. This includes out-of-network ATM surcharges being reimbursed up to $15 per month, while accounts with a minimum balance of $5,000 receive unlimited fee reimbursements.
The biggest drawback is the minimum account balance to receive the best APY. You will need to have at least $10,000 in your account to receive the highest APY. Anything below that and you'll get a rate that's significantly lower.
EverBank Performance® Checking overview
Pros
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No monthly maintenance fee.
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Earns 0.25% APY.
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Large ATM network.
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Reimburses out-of-network ATM fees.
Cons
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Must link accounts for overdraft protection.
Most checking accounts don't come with an APY, which already puts EverBank ahead. Balances from $0 and up earn a 0.25% APY, and there are no monthly maintenance fees to detract from gains made. Similar to its money market account, EverBank also reimburses ATM fees up to $15 per month for balances under $5,000, and unlimited reimbursements for average minimum balances of $5,000 or more.
While you won't be charged an overdraft fee, any attempt to spend more than you have will be declined unless you link another EverBank account. This means you will have to have an additional qualifying account in the event that you need an overdraft transaction to go through.
Customer experience
Customer support
Physical presence. EverBank is a mostly online bank serving customers in all 50 states. It does have some branches, mostly in Florida and California. You get access to nearly 80,000 fee-free ATMs with EverBank, but only for withdrawals. You won’t be able to deposit cash.
Customer service. Customer service is available by phone weekdays 8 a.m. to 10 p.m. ET and Saturdays from 9 a.m. to 7 p.m. Customers can also receive support through email.
Digital experience
Mobile app. The EverBank mobile app can be used to make mobile check deposits, make external transfers and use Zelle and online bill pay. The app receives high review scores on Google Play and Apple’s App Store, with complaints typically revolving around multiple requests for logins and update issues.
Account Homepage
The above images were last updated on August 25, 2025.
How EverBank compares to other banks
Compare different account types offered by EverBank. Annual percentage yields (APYs) shown were updated between Feb. 20, 2026 and Feb. 26, 2026.
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Selected bank
EverBank savings account
Bankrate score
4.5
Bankrate Savings rating = 4.5/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. |
Most comparable
Ally Bank savings account
Bankrate score
4.4
Bankrate Savings rating = 4.4/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. |
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Bankrate score
Bankrate Savings rating Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. |
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APY
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs last updated between Feb. 20, 2026 and Feb. 26, 2026.
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| 3.90% | 3.20% | |
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Minimum balance for APY
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| $0.00 | $0.00 | |
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Estimated earnings
Interest earned calculation based on a $50,000 deposit amount for a period of 1 year and is rounded to the nearest dollar. Exact earnings are dependent on calendar year, balance, and compounding frequency. Minimum deposit rules may apply.
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| $1,950 | $1,600 | |
| 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 strong yield on its Online Savings Account. It’s not usually the absolute highest yield, but it is competitive and there’s no minimum balance requirement and no monthly service fee. The bank offers mobile deposit but you’ll need to transfer money to your checking account or Ally’s money market account if you want to access your savings from an ATM. | |
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APY offering:
3.90%
4/5
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.
Minimum balance for APY:
$0.00
5/5
The lowest deposit amount an account must have before it can earn interest.
Monthly service fee:
$0.00
5/5
A monthly charge a financial institution deducts from an account if certain requirements are not met.
Minimum balance to avoid fee:
$0.00
5/5
The lowest balance an account must maintain in order to avoid a fee.
Access to funds:
Great
5/5
A procedure that allows an individual or organization to access and manage the funds of another account holder.
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APY offering:
3.20%
4/5
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.
Minimum balance for APY:
$0.00
5/5
The lowest deposit amount an account must have before it can earn interest.
Monthly service fee:
$0.00
5/5
A monthly charge a financial institution deducts from an account if certain requirements are not met.
Minimum balance to avoid fee:
$0.00
5/5
The lowest balance an account must maintain in order to avoid a fee.
Access to funds:
Good
4/5
A procedure that allows an individual or organization to access and manage the funds of another account holder.
|
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.
The lowest deposit amount an account must have before it can earn interest.
A monthly charge a financial institution deducts from an account if certain requirements are not met.
The lowest balance an account must maintain in order to avoid a fee.
A procedure that allows an individual or organization to access and manage the funds of another account holder.
Bankrate does not currently track additional product details for this bank.
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Review methodology
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.
