RateAPY

EverBank Yield Pledge Money Market Account at 2.25% APY for New Customers

Posted by: RateAPY Bank Rates News
April 30th, 2010

Consumers looking for more ways to increase their savings often choose a money market account because their funds are safe, earn interest–yet are accessible through up to six free withdrawals per statement cycle.

EverBank’s Yield Pledge Money Market Account is currently at 1.51% APY for the first year for new account holders. A special bonus rate of 2.25% APY is in place for the first three months of a new account. These interest rates apply to balances up to $50,000.

The minimum balance to open the account is $1,500. A fee of $8.95 is charged in each month that the account balance is under $5,000.

The Yield Pledge means that EverBank pledges to keep the yield on their money market accounts within the top 5% of competitive money market accounts.

Comparing money market account fees, minimum balances and interest rates online is the fastest way to start building your savings.