When EverBank offered that teaser rate of 4.65% APY for three months, followed by an equally impressive 3.60% APY afterwards, I was impressed. That’s a pretty competitive rate for a checking account. Unfortunately, that rate wasn’t guaranteed (no savings rate is guaranteed) and it recently fell to a more pedestrian 3.93% APY promo with a 3.18% APY follow up on balances over $50,000 (blended, that’s 3.40% APY).
That being said, EverBank was still worth a look after the rate drop. I didn’t open an account at the time but I did want to poke around the site to see what else they offered in addition to the high yield FreeNet Checking Account.
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