Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.

Summary: EverBank (formerly TIAA) is a bank that operates primarily online. It offers personal, business, and commercial banking products, including high-yield savings accounts and certificates of deposit (CDs), checking accounts, money market accounts, and more.

EverBank’s performance savings account is a high-yield savings account with no monthly maintenance fees and no minimum balance requirement. Currently, account holders can earn 3.9% APY on all balances with daily compounding interest.

The EverBank Performance Money Market Account offers tiered interest rates based on the account balance:

$10,000 and up: 3.8% APY

$9,999 and under: 2.02% APY

There is no minimum opening deposit requirement and no monthly maintenance fees. This account also comes with a debit card and checks.

EverBank’s money market account ranks among our best high-yield money market accounts available today.

EverBank’s Performance Checking account currently earns 0.25% APY on all balances with no monthly maintenance fees. There's a minimum opening deposit requirement of $100.

CD terms range from three months to five years, with rates as high as 4% APY. A minimum opening deposit of $1,000 is required.

Note that these CDs come with steep early withdrawal penalties that range from 22 to 456 days’ worth of simple interest, depending on the term length. Even so, some of EverBank’s CDs made our list of the best CD accounts and rates available today.

Savers who need extra FDIC coverage can take advantage of EverBank’s CDARS CD, which offers up to $50 million in federal insurance. Terms range from three months to three years and accounts require a minimum deposit of $10,000.

EverBank offers investors the opportunity to diversify their portfolios through exposure to precious metals, coins, foreign currencies, and index-based CDs.

EverBank offers business checking accounts, money market accounts, CDs, and more. It also offers Treasury services, merchant services, and foreign exchange services.

In addition to its personal and business products, EverBank offers commercial financing and lending solutions.

Here’s a breakdown of the fees you might encounter as an EverBank customer:

Read more: What are bank fees, and how do I avoid them?

Here are some of the pros and cons to consider before becoming an EverBank customer:

Pros:

No monthly service fees: EverBank does not charge monthly fees for account maintenance.

Competitive interest rates for CDs and savings products: EverBank offers rates as high as 4% APY for its savings accounts and CDs.

ATM fee reimbursement: EverBank does not charge a fee for using its in-network ATMs and reimburses customers up to $15 per statement cycle for any out-of-network ATM fees incurred. Customers with account balances of $5,000 or higher get unlimited ATM fee reimbursements.

Cons:

Only a handful of physical branches: EverBank operates a few physical branches across the state of Florida, but otherwise, it operates primarily online.

High opening deposit for CDs: EverBank requires a minimum opening deposit of $1,000 for CDs, which is higher than many similar accounts from other financial institutions.

High early withdrawal penalty for CDs: EverBank’s early withdrawal penalty can be as high as 456 days' worth of interest for longer CD terms.

EverBank customer service representatives are available at (888) 882-3837,

Monday through Friday, between 8:00 a.m. and 8:00 p.m. ET, as well as Saturday, from 9:00 a.m. to 7:00 p.m. ET.

For general correspondence, you can reach EverBank at the following address:

EverBankPO Box 44060Jacksonville, FL 32231

EverBank’s mobile app is available for download on the App Store and Google Play. The app has a rating of 4.7 and 4.6 stars, respectively. Customers can use the app to check their account balances, transfer funds between accounts, pay bills, and more.

EverBank is committed to giving back to the communities it serves through its EverBank Builds program. Through this initiative, EverBank encourages its associates to volunteer by providing regular opportunities for involvement and 24 hours of paid time off for its associates. The bank has also set out to impact 1 million students through financial education by 2030.

Yes. EverBank is an FDIC-insured financial institution.

EverBank’s routing number is 063092110.

Early withdrawal penalties range from 22-456 days’ worth of simple interest, depending on your CD term.

EverBank and SoFi both offer fee-free accounts with high rates, as well as loans, investments, and more. Here's a closer look at EverBank vs. SoFi and which bank may be better for you.

A 6-month CD allows you to lock in a guaranteed rate on your savings without tying up your money for an extended period. See which banks have the best 6-month CD rates today.

CIT Bank is an online-only bank and division of First Citizens Bank. It's known for offering fee-free accounts and competitive interest rates. Learn more about CIT Bank with this in-depth expert review.

Ally Bank is an online bank known for its no-fee model and competitive interest rates on deposit accounts. So is Ally a good bank? Learn more with this in-depth expert review.

Barclays Bank offers high-yield online savings accounts and CDs. Learn more about Barclays' interest rates, fees and more with this in-depth expert review.

First Internet Bank offers a wide range of deposit accounts, loans, credit cards, and more. Is First Internet Bank a good bank? Find out in this in-depth expert review.