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Everbank Money Market Rate to 4.76% intro APY and 3.51% Ongoing

Article Submitted by: BestCash Admin
Savings - Checking - CDs


Everbank raised the rates on its money market and savings accounts today, continuing a general bank trend of rising rates.

 

Submitted: Jul 2, 2008    Views: 689    Comments: 0    Likes: 2   


Everbank raised the rates on its money market and savings accounts today, continuing a general bank trend of rising rates.  The Money Market intro rate increased from 4.01% APY to 4.76& APY.  This is a three month guaranteed intro rate.  After that, the rate falls to 3.51% APY, which is still pretty competitive and puts it at the top half of the BestCashCow savings and money market rate tables.

The balance on their FreeNet Checking Account also increased from 4.01% APY to 4.76% 3 month intro APY with a continuing rate currently at 3.51% APY.  

As we've mentioned before, the three month guaranteed rate is a great alternative to a 3 month CD.  The money is liquid and it rolls over to a competitive rate.  


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