EverBank Money Market Account

EverBank is offering a promotional money market account that has one of the best savings rates around, at least for the first three months. The bonus savings account rate is currently at 3.01 percent.

After the first three months the money market account has an annual percentage yield of 2.15 percent for one year on balances up to $50,000.  Money market account balances over $50,000 earn a lower rate, the savings rate is currently at 1.83 percent.

There is a minimum opening account balance of $1,500. You will be charged an $8.95 monthly fee if your account balance is below $5,000,  so if you open an account be sure to keep more than $5,000 in the account.

The bonus rate and the “New Account First-Year APYs” are available to new EverBank account holders and is limited to one account per household. Federal regulation limits you to six transfers or withdrawals per month.