EverBank 2.25% APY 3 Month Money Market Account
The EverBank 2.25% APY, 3 month Money Market Account promises to be a high yield money market account that will grow your savings. This means that you can quickly save the funds you need to achieve your short-term goals. This is from an institution that is a diversified financial services company based in Jacksonville, Florida.
EverBank offers first-time Yield Pledge Money Market account holders to benefit from a 3 month Bonus Interest Rate and New Account First Year APY offer on their new account. The minimum deposit to open the account is $1500. The Bonus Interest Rate that is offered at account opening, currently at 2.25%, remains fixed for the first 3 months and applies to balances up to and including $50,000. If you have a balance over $50,000, those additional funds will earn the variable ongoing APY of 1.26%, which may change at anytime, even during the first 3 months.
As required by law, EverBank is disclosing a blended APY that combines the Bonus Interest Rate with the current ongoing rates to provide an estimated annualized figure, the New Account First Year APY, based on your average daily collected balance. However, the blended APY is not the exact APY that you would actually receive because the current ongoing rate will change periodically over the remaining 9 months of the first year. The New Account First Year APY up to $50,000 is 1.51% APY. The New Account First-Year APY for balances from $50,001 to $10,000,000 is best expressed as a range: 1.51% to 1.26%; higher balances are accepted. In any month that your average monthly balance falls below $5000, an $8.95 monthly fee applies. Without the bonus rate, the ongoing yield regardless of balance is 1.26%. Because this is a money market account, you are limited to six transfers or withdrawals per month. Fees may reduce earnings.
These bank rates were posted 3/19/2010 and are still current and effective 3/23/2010. These rates may change without prior notice. With the EverBank 2.25% APY, 3 month Money Market Account, this institution pledges that you will earn a yield in the top 5% of competitive accounts.
For additional resources about money market accounts please view Capital One Money Market Account on this website.
Another resource for financial information of interest can be found at Vanguard California Tax-Exempt Money Market Fund (VCTXX) which is available on our sister website of bestmutualfundsnow.com
We strive to bring you the latest and most accurate data possible from the home sites of the financial institutions we name.
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One Comment on EverBank 2.25% APY 3 Month Money Market Account
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Ab Kr on
Wed, 24th Mar 2010 6:40 am
Well great post….The insurance Police’s terms and conditions are sometimes very complex to understand. In USA there are great mortgages offered by some companies.
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