Everbank raised the rates on several of its Certificates of Deposit and now has the best 3 month CD rate and the best 6 month CD rate according to the BestCashCow rate tables. The 3 month cd is paying 4.02% APY and 6 month CD is paying 4.23% APY.
Everbank also offers a competitive savings account and checking account rates.
- Yield Pledge Money Market Account that currently pay a 4.65% 3-month Bonus Rate on the first $50,000 deposited and then 3.51% APY. Blended this generates a 3.82% First-year APY (up to $50K).
- FreeNet Checking Account that currently pay a bonus 3-month rate of 4.65% APY and then 3.45% APY on deposits over $50,000 for a first year blended APY of 3.60% APY.
Everbank appears to be in good financial health. Bauer financial gives it 3 1/2 stars for safety and soundness out of 5. In the second quarter of 2008, the bank reported record earnings from continuing operations of $18.5 milion, a 8% increase from the period last year.
Related Articles:
CD and Savings Rates Poised to Drop Further by BestCash Admin - Sep 18, 2007
October 19 CD Rate Update - Some Banks Increasing Rates by BestCash Admin - Oct 19, 2007
Corus Bank Raises Rate on 6 Month and 12 Month CDs to 4.25% APY and 4.75% APY by BankMan - Aug 26, 2008
Washington Mutual 1 Year CD 4.50% APY, 8 Month 4.25% APY by BankMan - Aug 13, 2008
ING Raises Rates on CDs, One Year at 4% APY by BankMan - Aug 27, 2008
iGObanking.com Offering 9 Month CD at 4.15% APY by BankMan - Nov 08, 2008.
October 19 CD Rate Update - Some Banks Increasing Rates by BestCash Admin - Oct 19, 2007
Corus Bank Raises Rate on 6 Month and 12 Month CDs to 4.25% APY and 4.75% APY by BankMan - Aug 26, 2008
Washington Mutual 1 Year CD 4.50% APY, 8 Month 4.25% APY by BankMan - Aug 13, 2008
ING Raises Rates on CDs, One Year at 4% APY by BankMan - Aug 27, 2008
iGObanking.com Offering 9 Month CD at 4.15% APY by BankMan - Nov 08, 2008.
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