bank rates

EverBank Grabs Lead In 3- And 5-Year CDs

A week ago, EverBank raised its return on 3- and 5-year certificates of deposit to match the best nationally available deals.

Today it nudged both yields up again to take sole possession of the top spots on our CD Rates Leaderboard.

Following a long-held routine of tweaking rates just about every Friday, EverBank bumped its 36-month rate from 1.50% to 1.51% APY and its 60-month return from 2.25% to 2.27% APY.

While the increases are quite modest, they have moved the top national yields out of ruts they’ve suffered in for months.

The top 3-year rate hadn’t moved off 1.50% since January, when EverBank and iGObanking both dropped the 1.70% APY they had been offering.

Five-year yields were similarly stuck, stagnating at 2.25% since February, when EverBank previously held the lead at 2.33% APY.

The Jacksonville-based bank, with more than a dozen branches around Florida and a robust online presence, requires a $1,500 minimum deposit.

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