RateAPY

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

Posted by: RateAPY Bank Rates News
March 9th, 2010

Many Americans choose a money market account as the best place to keep their money safe while earning interest. Money market accounts can be a great vehicle for emergency funds since you can keep this cash separate from your day-to-day fund, yet retain immediate access.

EverBank’s Yield Pledge Money Market Account promises customers to keep their interest rate in the top 5% of competitive accounts. In addition, this account offers a three-month bonus rate of 2.25% for new customers. During the first-year of the account, depositors will earn 1.51% on accounts with less than $50,000. Consumers with larger amounts on deposit will earn 1.25% APY.

The EverBank Yield Pledge Money Market Account requires a minimum opening deposit of $1,500, with no-fee online and mobile banking. All accounts are FDIC-insured and allow up to six withdrawals per month without a fee.

Comparing money market accounts online can help you find the best bank deals and terms.