EverBank CD Rates
EverBank, originally from Jacksonville, Florida, has highest CD rates for 1 year CDs at 2.65% APY. This high yield CD has a minimum of 1500 dollars and is a has a much higher interest rate compared to ING CD rates. EverBank calls their normal CD’s Yield Pledge CD.
EverBank also has other types of non standard certificates of deposit:
EverBank MarketSafe CD
The Market Safe CD from Ever Bank is different from a normal certificate of deposit since it pays an unknown return. The “interest” earned at maturity of a MarketSafeCD is based on the performance of a selected reference index. A simpler way to put it is that the investment bank is placing the money in other investments that are subject to market risk. The returns can be greater than a traditional certificate of deposit however a return is not guaranteed therefore one could receive only the initial deposit back at maturity. This MarketSafe CD is FDIC insured so the investment is protected against bank failure. Ever Bank does not currently offer this CD online.
EverBank WorldCurrency CD
EverBank has a bunch of World Currency CDs for investment in foreign banks and funds. There is a wide range of countries to choose from Europe to South Africa. These certificates of deposit are subject to different risks since these CDs deal with international markets.
EverBank Insured Advantage CD
The InsuredAdvantage Certificate of Deposit from Ever Bank is a CDARS CD account that provides FDIC insurance coverage for investments up to 50 million dollars. EverBank’s current CDARS rate is 2.17% APY on a 1-Year CD. This is a particularly high yield interest rate considering the insurance coverage provided. CDARS CD accounts are typically ideal for those with investments over the FDIC coverage limit which is currently 250 thousand dollars per investment account depositor.