bank rates

EverBank Offers Top Nationally Available Deals on 2- and 4-Year CDs

EverBank is showcasing some very worthwhile CD rates this month. The bank has recently bumped up its rates on a number of terms.

Those increases push the Jacksonville-based bank into the lead for the best nationally available 2- and 4-year returns.

It’s currently paying:

  • 2.35% APY on 24-month CDs.
  • 2.60% APY on 48-month CDs.

The minimum deposit for all of those deals is $5,000.

If you can’t swing that minimum, look for other great deals from banks like PenFed and Synchrony Bank, which are offering comparable deals on those terms with less of a minimum requirement.

The online application process at EverBank is relatively straightforward. You can open a CD online here.

While it’s always good to see banks offering higher rates, we need to see them doing more than simply vying to pay these historically low yields.

Now that the Federal Reserve is committed to pushing interest rates higher, we need banks to start moving yields back toward the reasonable returns we enjoyed before the financial crisis and recession.

As always, before you purchase a CD, it’s crucial to comparison shop. Use our CD rates comparison tool to find the best deals in your area of the nation.

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