bank rates

EverBank Raises 3- And 5-Year CD Rates

EverBank boosted its return on 3- and 5-year certificates of deposit today, matching the top nationally available deals on our CD Rates Leaderboard.

The Jacksonville-based bank with more than a dozen branches across Florida, and a prominent online operation, raised its:

  • 60-month yield from 2.02% APY to 2.25% APY, bringing it into a three-way lead with Barclays Bank and Synchrony Bank.
  • 36-month yield from 1.46% APY to 1.50% APY, which is enough to make EverBank a co-leader of the term with four other banks – American, Barclays, CIT and Synchrony.

EverBank is known for making almost weekly changes to its rate sheet, so it’s impossible to know how long these returns will be available.

Indeed, the yield on EverBank’s 36-month CDs has yoyo’d up and down between 1.26% and 1.70% APY over the last six months, while its 60-month rate has ranged all the way from 1.85% to 2.33% APY.

EverBank requires a $1,500 minimum deposit on all of its certificates of deposit.

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