EverBank (formerly TIAA Bank) Review 2023
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At a glance

CDs
Checking
Savings
MMA
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.
Highlights
- ATM Fee Refunds
- High APY
- Low Fees
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.

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 = 5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

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.

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 = 4.9/5
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 by our partners, which impacts how, where, and in what order the products appear.
Overall
EverBank is an online institution offering deposit accounts with competitive rates and low minimum balances, and customers have access to thousands of fee-free ATMs. While the bank maintains branches, only a limited number are available, mainly in Florida.
Pros
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EverBank offers competitive yields on CDs.
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The bank provides access to thousands of surcharge-free ATMs.
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It offers a variety of services and products.
Cons
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The bank has a limited network of full-service branches.
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The bank doesn’t offer a no-penalty CD.
EverBank banking products
FEATURES
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY as of 12/10/2023
EverBank savings overview
During Bankrate’s review, all balances were earning the same competitive yield.
Pros
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All balances earn a very high APY.
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There’s no monthly account fee.
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You can deposit checks via a mobile device with this account.
Cons
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The highest yield is only available during the first year of the account’s opening; the yield might decrease after a year.
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See how rates for this account have changed over time. Interact with the trend lines to view APY by date.
EverBankAPYAPYNational average APYHow do we get this data?
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.

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 = 5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
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 |
About EverBank
TIAA Bank is now operating as EverBank as of Aug. 1, 2023.
It is an online bank available to customers in all 50 states.
Conveniences EverBank offers include a user-friendly mobile app, access to more than 80,000 no-fee ATMs nationwide, low minimum balance requirements and peer-to-peer payment capability through Zelle.
Bank experience
EverBank serves customers in all 50 states. Its mobile app is highly rated by both iOS and Android users.
EverBank provides access to thousands of surcharge-free ATMs. The bank also automatically reimburses customers up to $15 a month for any fees that ATMs in the U.S. charge for access. For accounts with balances of $5,000 or more, the bank reimburses an unlimited amount of ATM fees.
Customers can send and receive funds using Zelle through EverBank online banking or the EverBank mobile app.
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.
How does EverBank compare to other banks?
EverBank vs. Ally Bank
You’ll get a similar experience at both EverBank and Ally banks.
EverBank and Ally banks offer just about every consumer deposit product you could think of, with high yields to boot. With both banks, you’ll get a mostly online-only experience, but the large ATM networks hosted by both Ally and EverBank — and often no fees for using out-of-network ATMs — bring you physical access to your cash across the country.
That noted, EverBank offers a couple more standard CDs when compared to Ally, and those 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.
EverBank FAQs
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.
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