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EverBank Increases CD Rates, 1 Year Bank CD Rates at 1.10% APY

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Another bank has increased their CD rates this month and now is tied for the best 1 year rate available. EverBank has increased their 1 year bank CD rates to 1.09 percent with an APY of 1.10 percent. EverBank joins GE Captial Retail Bank with the top 1 year rate available in our database. EverBank also increased their rates on other certificates of deposit they are offering.

The recent increase in EverBank's CD rates also puts them on top of our 3 month and 4 year rate lists. The bank's 3 month CD rate of 0.45 percent ties them with AloStar Bank of Commerce for the best 3 month rate. The bank's 4 year rate is at 1.77 percent with an APY of 1.79 percent, tying them with Virtual Bank for the highest 4 year rate. Following is a current list of the bank's Yield Pledge CD rates.



EverBank CD Rates

  • 3 Month Rate 0.45% APY 0.45%

  • 6 Month Rate 0.33% APY 0.33%

  • 9 month Rate 0.34% APY 0.34%

  • 1 Year Rate 1.09% APY 1.10%

  • 1.5 Year Rate 1.16%APY  1.17%

  • 2 Year Rate 0.90% APY 0.90%

  • 2.5 Year Rate 1.13% APY 1.14%

  • 3 Year Rate 1.38% APY 1.39%

  • 4 Year Rate 1.77% APY 1.79%

  • 5 Year Rate 2.21% APY 2.23%


To give you a little perspective on how these rates compare with other bank CD rates, listed below are the FDIC's current average rates.

FDIC Average CD Rates

  • 1 Month Rate 0.05%

  • 3 Month Rate 0.08%

  • 6 Month Rate 0.12%

  • 1 Year Rate 0.20%

  • 2 Year Rate 0.33%

  • 3 Year Rate 0.45%

  • 4 Year Rate 0.58%

  • 5 Year Rate 0.75%


As you can see, EverBank's current CD rates are well above the FDIC's average CD rates at banks.
 
Author: Brian McKay
May 30th, 2014