EverBank is offering 3.51% rate on high yield money market accounts and high interest cheking accounts for the first three months. After the first three months the APY’s are 2.73% and 2.40% respectively. EverBank promises that these rates are in the top 5% of all available deals – they want their customers to feel like they don’t have to keep shopping rates, just “set it and forget it” (Ron Popeil’s words, not EverBank’s!).
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EverBank backs up their claim with something they call YieldPledge. YieldPledge promises to offer yields that will continuously rank in the top 5% of competitive accounts of leading banks and thrifts, as tracked in the Bankrate.com National Index. EverBank’s competitive rates may be just what you’re looking for in building your CD Laddering strategy.
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