EverBank Review 2025: Checking, Savings and CDs
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Overall institution rating
4.6
EverBank, formerly known as TIAA Bank, gives savers some nice options for online customers nationwide. Its CD rates are competitive, as is its high-yield savings account. For customers who want in-person support, the bank has some branches, but they’re restricted to parts of Florida and California.
Best for: Those who want to earn some of the best rates on CDs, have access to a large ATM network and are unlikely to need in-person services.
- No overdraft fees.
- No monthly fees.
- Competitive rate on savings and some certificates of deposit.
- Large, free, nationwide ATM network.
- No minimum opening deposits on savings accounts.
- Limited branch access.
Full review
Full review
EverBank
Savings
EverBank Performance℠ Savings
5.0
/55.0
/5APY
4.30%
With $0 min. balance for APY
Bonus
N/A
APY
4.30%
With $0 min. balance for APY
Bonus
N/A
The EverBank Performance℠ Savings account offers a competitive 4.30% annual percentage yield on all balances. This rate is higher than you’ll find at some big banks, and on par with some of the best rates from other online banks.
There is no minimum deposit needed to open an account, and there is no monthly fee.
» Want more options? Check out NerdWallet’s best high-yield online savings accounts
Checking
EverBank Performance℠ Checking
4.9
/54.9
/5Monthly fee
$0
APY
0.25%
With $0 min. balance for APY
Monthly fee
$0
APY
0.25%
With $0 min. balance for APY
Bonus
N/A
Show details
You need $100 to open an EverBank Performance℠ Checking account, and you’ll earn 0.25% APY on your balance.
EverBank offers more than 80,000 fee-free ATMs, and if your balance is less than $5,000, the bank will reimburse up to $15 in non-network ATM fees. If your daily average balance is more than that, reimbursements are unlimited.
You can deposit money through cash deposits at a branch or ATM, direct deposit, online transfers, wire transfers, mobile check deposits or by sending a check through the mail.
Certificates of deposit
EverBank Performance℠ CD
4.2
/54.2
/51-year APY
3.90%
3-year APY
3.50%
1-year APY
3.90%
3-year APY
3.50%
5-year APY
3.50%
Minimum deposit
$1,000
Show details
The EverBank Performance℠ CD earns 3.90% APY for a one-year term. That's higher than the national average rate for 1-year CDs, 1.82%.
» COMPARE: Best CD rates
A five-year EverBank Performance℠ CD earns 3.50% APY. If you can afford to lock away your money for that long, you can lock into a rate that beats those of regular savings accounts. (Compare how much you’d earn with the best savings accounts.)
To open an EverBank Performance℠ CD, you’ll need at least $1,000, which is a fairly common amount for a minimum opening deposit on a CD.
3-month CD: 3.95% APY.
6-month CD: 4.00% APY.
9-month CD: 3.90% APY.
1-year CD: 3.90% APY.
18-month CD: 3.70% APY.
2-year CD: 3.75% APY.
2.5-year CD: 3.50% APY.
3-year CD: 3.50% APY.
4-year CD: 3.50% APY.
5-year CD: 3.50% APY.
Customer experience
Representatives are available by phone on weekdays from 8 a.m. to 8 p.m. and on the Saturdays from 9 a.m. to 7 p.m. ET.
The mobile app offers check deposit and bill pay, but it doesn’t have very high ratings in either the Google Play store or App Store.
There are only 11 branches, located mostly in Florida and with two in California, but EverBank offers free access to more than 80,000 ATMs, plus the previously mentioned fee reimbursements for out-of-network ATMs.
Overdraft fees
EverBank doesn’t charge an overdraft or nonsufficient funds fee if you overdraw your account. It generally declines transactions that would lead to a negative account balance. Another option is its overdraft protection program, which offers free overdraft transfers from a linked savings account.
How does EverBank compare?
3.80%
$300
4.30%
N/A
Methodology
NerdWallet’s overall ratings for banks and credit unions are weighted averages of several categories: checking, savings, certificates of deposit or credit union share certificates, banking experience and overdraft fees. Factors we consider, depending on the category, include rates and fees, ATM and branch access, account features and limits, user-facing technology, customer service and innovation. The stars represent ratings from poor (one star) to excellent (five stars). The ratings are incremented in tenths of a star.