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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 product overview

Performance Savings

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 4.30% APY on all balances with daily compounding interest.

Performance Money Market Account

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

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 10 best high-yield money market accounts available today.

Performance Checking

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.

Performance CDs

CD terms range from three months to five years, with rates as high as 4.10% APY. A minimum opening deposit of $1,000 is required.

Note that these CDs come with steep early withdrawal penalties that range from 28 to 900 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 .

CDARS CD

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.

Diversified investing

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

Business banking products and services

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

B2B solutions

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

EverBank fees

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?

Up Next

EverBank pros and cons

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

Pros:

Cons:

Customer service and mobile banking experience

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:

EverBank

PO Box 44060

Jacksonville, FL 32231

EverBank’s mobile app is still listed as the TIAA App and is available for download on the App Store and Google Play. The app has a rating of 4.6 and 3.8 stars, respectively. Customers can use the app to check their account balances, transfer funds between accounts, pay bills, and more.

Social and environmental impact

EverBank is committed to giving back to the communities it serves through its EverBank Builds program. Through this initiative, EverBank has contributed more than $10 million to over 100 organizations in its CRA assessment areas to promote affordable housing, financial education, and community and economic development. EverBank also encourages its associates to volunteer by providing regular opportunities for involvement and 24 hours of paid time off for its associates.

Frequently asked questions

Is EverBank FDIC insured?

Yes. EverBank is an FDIC-insured financial institution.

What is EverBank’s routing number?

EverBank’s routing number is 063092110.

What is the penalty for early withdrawal from an EverBank CD?

Early withdrawal penalties range from 28-900 days of simple interest, depending on your CD term.