Everbank Increase Checking Bonus Rate to 3.01% APY

everbank-logo

EverBank just increase their initial 3 month bonus rate to 3.01% APY from 2.51% APY.  For the first 3 months, the interest rate on your deposit will be 3.01%.  After 3 months, the rate will be tiered depending on your deposit amount.   For deposits under $10,000 the yield will be 1.52%, still very competitive rates. Minimum of $1,500 deposit is required.

For Onlne Bill Pay or ATM usage, no fee for accounts over $5,000.  Click here to open an account.

everbank-checking-rates

Online Everbank increasing Fee on FreeNet Checking

everbank-logo

If you’re a Everbank customer you probably received their email today regarding fee changes affecting their FreeNet checking account.  Before the minimum balance needed for no monthly maintenance charge was $1,500.  Now they bump the minimum required amount to $5,000.  The new monthly fee will be between $4.95 to $8.95.  If your deposit is under $5,000 in Everbank maybe now is a good time to switch your online banking company.