Last Updated:
EverBank Review 2026
Quick Summary
Rating
4.5/5 ⭐
Savings APY
3.90%
Checking APY
0.25%
Monthly Fee
$0
Best for: Those seeking both high‑yield savings and a checking account with fee rebates
What is EverBank?
EverBank is a full-service online bank offering competitive rates and modern banking features.
✓ Pros
- High performance savings APY with no minimum deposit and no fees
- Interest‑bearing checking with reimbursed ATM fees
- No overdraft fees and customer service with extended hours
- Physical branches in select states
✗ Cons
- $100 minimum deposit required to open checking
- Limited branch network
- APY on checking is modest compared with high‑yield competitors
Account Details
| Savings APY | 3.90% |
| Checking APY | 0.25% |
| Min Deposit | $0 (savings) / $100 (checking) |
| Monthly Fee | $0 |
| ATM Access | Free at 80,000 ATMs; reimburses up to $15 per month (unlimited with $5k balance) |
| Mobile App | Good |
| FDIC Insured | Yes |
Who Should Choose EverBank?
Best for: Those seeking both high‑yield savings and a checking account with fee rebates