EverBank is offering the highest money market rate at 4.50% APY. The minimum deposit is $1,500, and the maximum is $50K. This rate is available for new EverBank customers only.
The introductory rate is good for 3 months, after it will drop to the ongoing rate of 3.51% APY. Membership application is available online. Once the account is open, you can fund it by check or wire transfer. Everbank doesn’t allow ACH transfer for the initial deposit, the account needs to be set up and funded before ACH transfer can be used.
The account doesn’t have ATM fee reimbursements, but EverBank will issue you a set a checks every month to write against the account. ACH transfers from the account into your personal checking is another option if you need the money.
EverBank is FDIC insured (Certificate # 34775) with all four branches located in Jacksonville, Florida.
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