Everbank is offering a 6-Month Bonus rate of 1.40% APY on their Yield Pledge Money Market Account up to $50K, Yield Pledge Checking up to $100K, and Small Business Checking up to $100K. This high yield interest promotion is available nationwide for new customers of the bank.
After the 6-month intro rate, your rate will be the ongoing standard rate of 0.93% APY (Updated April 27). However, the standard rate can fall or rise at any time. This is a great offer that outshines that of Ally Bank, Barlays Online Savings Account, Sallie Mae’s Money Market Account, Synchrony Bank’ Optimizer+plus High Yield Savings Account, and Personal Savings from American Express. Mainly because you get a similar high 1st-year APY with all these at near 1% but a special 1.40% for the first 6 months of Everbank.
[Read more…]