About TIAA Bank
In June 2017, TIAA bought EverBank, one of the first internet banks. In June 2018, TIAA announced the launch of TIAA Bank — which brought EverBank and TIAA Direct together under a new name and brand.
TIAA Bank, which is a division of TIAA, is based in Jacksonville, Florida, and it services customers in all 50 states. It offers checking, savings and money market accounts as well as certificates of deposit.
TIAA Bank is good for people who want a full-service online bank with competitive deposit yields, as well as for residents of Florida who prefer branch access. People looking for the highest available rates on online deposit products should look elsewhere.