EverBank Bump Rate CDs

EverBank Bump Rate CDs APY

	$1.5k & Above
42 months	3.50% APY

Receive 3.50% APY for 42 months EverBank Bump Rate CD

Required minimum opening deposit is $1,500 and maximum deposit is $2500,000

Interest will be compounded daily and will be credited to your account monthly

Rate Increase Option that allows you to increase your Annual Percentage Yield (APY) one time during the term of the CD if applicable interest rates increase during the CD term.  If you choose to exercise the Rate Increase Option, the new APY for the remaining term of your Bump Rate CD will be determined as follow:

(a) if EverBank is offering a Bump Rate CD on the date of your rate increase request, your new APY will be equal to either (i) the APY for their current Bump Rate CD with the same maturity term as your existing Bump Rate CD if they are offering a Bump Rate CD with the same term as your existing Bump Rate CD; or (ii) the APY for their current Bump Rate CD with the next shorter term if they are not offering a Bump Rate CD with the same term as your existing Bump Rate CD;

or (b) if EverBank is not offering a Bump Rate CD on the date of your rate increase request, your new interest rate and APY will be equal to the interest rate and APY for the CD they are offering at that time with a minimum balance requirement corresponding to your Bump Rate CD and a term closest to (but shorter) than the term of your Bump Rate CD

IRA eligible

Following the maturity date, you will have a 10 days grace period that you may make a deposit or withdrawal. Alternatively, EverBank Yield Pledge CD will automatically renew at maturity for an additional term equal to the original term, with unlimited renewals.

Penalty for withdrawal prior to the end of your CD term is 318 days worth of interest that would have been earned on the principal balance of the account, using the interest rate that applied to the account on the first day of its term, if funds had not been withdrawn prior to the maturity date

Click here to go to EverBank website for more details

About EverBank

EverBank is headquartered in Jacksonville, Florida. Physical branches (they call them financial centers) can only be found in Florida. Online banking is available via app or website for all customers.

EverBank can be contacted via email, mail or phone on 1-888-882-3837, 7 days a week, 8am to 11pm ET

EverBank is a member of FDIC which covers the deposits of a depositor to up to US$250,000