Everbank Priority Club Points Promotion

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Are you a Priority Club member? If so, Priority Club and EverBank are running a promotion where you can get up to 10,000 points by opening accounts at EverBank. EverBank is probably one of the best banks out there because they have four stars from BankRate’s Safe & Sound ratings system, are FDIC insured, and offer a very good interest rate. The current interest rate offering is 3.51% 3-month Bonus Rate followed by a 2.73% 1st year APY up to balances of $50k – among the best of online banks. A great rate plus a 10,000 point bonus offer equals a solid promotion.

You can earn the maximum 10,000 points by opening all three accounts, here’s how it breaks down:

  • Yield PledgeSM Money Market Account – 5,000 points
  • FreeNet® Checking Account – 2,500 points
  • Yield Pledge Certificate of Deposit – 2,500 points

Read the terms and conditions carefully because you need to meet some conditions before you get the points. With the Money Market Account, you need to open with a minimum of $1500 and then maintain an average monthly balance above $5,000 for at least one statement period during the first three statement periods after the account opening. The conditions are very straight forward and very easy to accomplish, just be sure to check them out.

Curious what 10,000 points can get you? It varies from locale but you can look it up on the Priority Club Redeem points page.

Thanks Matt, for clueing me onto this promotion in the first place!

{ 7 comments, please add your thoughts now! }

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7 Responses to “Everbank Priority Club Points Promotion”

  1. Scott says:

    Everbank might be great, but IMO Priority Club stinks. You just need way too many points to actually get anything you want (like a free hotel night).

    • Jim says:

      That’s the downside with promotions like these, you can say 10,000 points it might be “worth” only $10. I’m not a member so I didn’t know how much those points were worth.

  2. Alan says:

    I started the application and got a warning that the funds involved in the promotion are not FDIC approved.

    • BrewCrewFan says:

      Are you sure about that? Looking at the promotion website in footnote 3, it indicates the following:
      “EverBank is an FDIC insured federal savings association. Your EverBank deposits are insured against bank insolvency for up to $250,000 (through December 31, 2009).”

      What did the application speficially say?

  3. BrewCrewFan says:

    Effective March 1, the bonus rate for the Money market account is now down to 2.51%.

  4. Carolyn Hamilton says:

    I have been not able to join Priority Club. Is it because I’m not a Corp. just a regular person with Family all over. 7 Grandkids different areas. I do not have a world wide corp number. Does that mean I can’t join ???? carolyn Hamilton

    • AJSpark says:

      Anyone can join Priority Club. Just leave all the business fields blank. I am a regular person that enjoys traveling and joined Priority Club long ago.

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