Take control of your business finances with Checking, FDIC-insured Money Market, and Certificate of Deposit Accounts for your small business. Offering Web Bill Pay, Online Banking, and a few others are just a start of what you will get from Everbank. EverBank’s flagship free online interest checking account allows you to easily manage your personal banking. The FreeNet Account offers you unlimited, 24/7 access to your account for free online banking, free check writing, optional online bill pay, and a free Visa® CheckCard. If you’re looking for a day-to-day account for paying your bills, buying groceries, and easily managing your finances, while earning one of the highest yields in the nation; take the FreeNet Checking Account tour by clicking on the links below.
Yields pledged to be in the top 5% of competitive accounts found at leading banks
Compare to other high yield savings and checking accounts in your area. Can you earn more interest when you open up a Citi Checking and ESavings Account or an HSBC account?
My recommendation for those interested in Everbank®:
Open an EverBank® account and take advantage of the higher Interest checking for the promotional period of 3 months
After 3 months you may consider moving the money to a CD or another account for a higher rate.
Keep your Everbank account open with a minimum balance of $1500 if you wish to keep earning interest on a small amount of liquid money. Read more about their Freenet checking solution for personal banking.
Things that I did not like with an EverBank® checking account were that the 6.01% interest went down to a lower rate if you only had under $10,000 in your account after the promotional period. Although, 5.01% stayed up in the 3.55% range if you have over $100,000 in your checking but there are higher rates. There is a minimum balance of $1,500 which is not all that much compared to the minimums you get with Bank of America and the bigger banks with interest checking accounts. Finally, my biggest problem with this bank is the fact you have a limit on your daily bill pay amounts.
The positives definitely outweigh the negatives with EverBank®. Coming soon they will have a new enhancement where you can transfer money between outside bank accounts. They also pay a huge sum of interest for the first three months, have great customer service by being more flexible than some banks like ING Direct, and offer World currency offerings. This is a bank that is easy to make transfers to a ING Direct orVirtual Bank account, or even online Emigrant Direct accounts
Everbank® Home Deposit Available Soon?
“Easy as 1,2,3” is what I have to say about the new home deposit feature I tried out on the banks website today. It may not be open to all customers yet. You have to fill out a form to be approved but it is worth a try if you would rather make bank deposits by scanner.
Everbank acquires Florida Bank
EverBank® acquired all the deposits, substantially all of the assets of the Bank of Florida–Southwest, Bank of Florida–Southeast and Bank of Florida–Tampa Bay (collectively “Bank of Florida”) from the FDIC. Though the economic environment has devastated many financial organizations, their proven formula of intelligent banking products combined with disciplined lending practices has not only secured EverBank’s strength and stability—it has positioned the bank to grow to $11.5 billion in assets and $8.9 billion in deposits.
Everbank® to Launch New Website
After years of one of the worst banking websites online they are finally taking in customer advice to unfold a site with easier navigation and better security. EverBank® certainly needed better navigation more than anything along with greater convenience. The new everbank.com which will launch soon will also make it easier to transfer money, which you currently cannot do. Research, Planning, and Customer Service will be integrated in the new design as well. Everbank is asking for feedback on their new site by emailing them at website(@)everbank.com. The online bank has not yet said when the redesign will come out but I am sure it will be sometime next month.