RateAPY

EverBank Offers 1.51% APY Money Market Account

Posted by: RateAPY Bank Rates News
November 5th, 2009

While some people automatically keep their money in a checking account so they can easily pay bills, savvy savers know that keeping cash in a money market account can provide some of that same easy access along with a higher interest rate. Comparing bank quotes on money market accounts can be a good way to choose a bank.

Evaluating Accounts

Consumers should compare interest rates on money market accounts and also find out the minimum required balance to decide which bank offers them the best deal.

EverBank Yield Pledge Money Market Account

The EverBank Yield Pledge Money Market Account offers 24-hour access to your cash along with a pledge that the interest rate earned will be within the top 5% of competitive accounts from leading banks. Currently, the interest rate is 1.50%, with an APY of 1.51% for a minimum opening balance of $1,500.

New money market accounts with EverBank earn a bonus interest rate of 2.51% APY for the first 3 months.