EverBank review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
EverBank suits US businesses and savers who want easy access to their money without a branch visit, and it is run entirely online with round the clock app access. Deposit cover is FDIC up to USD 250,000, the monthly fee is $0, and the variable headline rate reads 3.9%.
Key facts
- Best for
- A US business holding cash in an easy-access, FDIC insured account with no monthly charge.
- Headline rate
- 3.9%↗
- Rate type
- Variable↗
- Minimum deposit
- $0↗
- Deposit protection
- FDIC up to USD 250,000↗
- Access terms
- Online and by phone only, with 24/7 online and mobile access↗
- Monthly fee
- $0↗
- Account kind
- Easy access↗
- Legal entity
- EverBank, National Association↗
- Headquarters
- United States↗
- Founded
- 1998↗
- Support channels
- Phone, Help-centre↗
- Pricing model
- No monthly fee
- Official website
- everbank.com
Pros and cons
Pros
- Deposit protection is FDIC up to USD 250,000 and the banking licence reads FDIC cert 34775.
- Built for business, with from 20 currencies available for conversion.
- An easy-access account run online or by phone, with round the clock app access for moving money in and out.
- Interest checking includes free ATM withdrawals alongside the savings account.
Cons
- Support runs on phone and help centre only, so live chat and email are not part of the setup.
- The account is opened and run online and by phone, with round the clock online and mobile access, so managing money happens from the app.
- The rate is variable, so the 3.9% headline can move either way.
Who it suits
- US businesses that need business banking and a variable return on idle balances.
- Businesses paying and receiving across several currencies, with from 20 available for conversion.
- Savers who want FDIC deposit cover and easy access rather than a term commitment.
Who should look elsewhere
- Savers chasing the highest headline rate, since AXI Card Tarjeta y Credito shows 21.59% and Plazo ES shows 24.19%, though both read as credit products.
- People who would rather hold savings inside a digital wallet, where PayPal Colombia lists 3.3%.
Fees and FX
The savings account carries a monthly fee of $0 and a minimum deposit of $0, so holding a balance costs nothing and you can open it with whatever you have. There is no account keeping charge to budget for, which keeps running costs at the bottom of the range among savings accounts compared here.
How EverBank compares
9.2 vs 8.6
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9.2 vs 9.1
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9.2 vs 8.7- 9.2 vs 8.0
9.2 vs 9.0
9.2 vs 8.1
9.2 vs 8.7
9.2 vs 8.0
9.2 vs 9.5
9.2 vs 9.4
9.2 vs 9.3
9.2 vs 9.2
9.2 vs 9.0
9.2 vs 8.7
9.2 vs 8.5
9.2 vs 8.5
9.2 vs 8.5
9.2 vs 8.4
9.2 vs 8.3
9.2 vs 9.0
Where EverBank is available
- Available
- United States
- Licence in United States
- FDIC (FDIC cert 34775), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What rate does EverBank pay on savings?+
The account pays a variable headline rate of 3.9%, so the figure can move as the bank changes it rather than being locked for a term. That reads above the median headline rate of 3% across the savings accounts compared here, though where it sits depends on when you look.
Are there fees or a minimum deposit?+
The monthly fee is $0 and the minimum deposit is $0, so there is nothing to pay for keeping the account open and no balance you must reach before you start. Interest checking adds free ATM withdrawals, and online bill pay and overdraft transfers are free as well.
Is my money protected?+
EverBank, National Association is a US bank and its licence record reads FDIC cert 34775. Deposit protection is FDIC up to USD 250,000, so the balance is insured to that limit rather than sitting as an unprotected wallet balance. The cover is a US deposit insurance scheme, so it applies to US deposits.
How do I open and manage the account?+
Opening and running it happens online or by phone, with round the clock online and mobile access, so balances, transfers and interest are handled from the app rather than in person. The account kind is easy access, which suits working money you want available rather than a balance locked away.
Is it aimed at businesses and foreign currency use?+
The audience is business, and the bank holds from 20 currencies with a currency conversion fee of up to 1%. Payments run over US ACH, which fits paying US suppliers and receiving customer transfers, and the easy-access balance keeps reserves withdrawable as invoices clear.
How do I get help?+
Support channels are phone and help centre, so you reach the bank by phone or through the help centre rather than at a counter. Because access is online and by phone only, a phone call is the quickest route for anything urgent, and the help centre covers written questions.
Can I withdraw cash from an ATM?+
Interest checking carries a free ATM feature, and the ATM allowance is $0, so cash withdrawals do not eat into the balance while you hold the savings account. The savings side is run online, so the ATM benefit sits with the checking account rather than the savings balance.
Sources
- banks.data.fdic.gov/bankfind-suite/bankfind/details/34775 checked September 26, 2026
Backs: Deposit protection, Headquarters, Legal entity, Licences
“CERT=34775; NAME=EverBank, National Association; WEBADDR=www.everbank.com; ACTIVE=1”
- en.wikipedia.org/wiki/EverBank checked September 26, 2026
Backs: Founded
“Founded October 1, 1998; 27 years ago (1998-10-01) in Jacksonville, Florida, U.S.”
- everbank.com checked September 26, 2026
Backs: Local account details
“Routing numbers ACH: 063092110 Wire transfer: 063000225 SWIFT: EVBKUS3M”
- everbank.com/about checked September 26, 2026
Backs: Audience
“We can help meet even your most complex business banking needs”
- everbank.com/banking/interest-checking checked September 26, 2026
Backs: Free ATM withdrawals, Features, Transfer fee
“EverBank Performance® Checking: $0 EverBank ATM fees ... We don't charge ATM fees, and we'll even pay you back when other banks do”
- everbank.com/banking/performance-savings checked September 26, 2026
Backs: Access terms, Account kind, Minimum deposit, Pricing model, Monthly fee, Rate type
“Available exclusively online and by phone”
- everbank.com/diversified-investing/foreign-currencies checked September 26, 2026
Backs: Currencies, Currency conversion fee
“Over 20 currencies available”
- everbank.com/rates checked September 26, 2026
Backs: Headline rate
“EverBank Performance® Savings ... All Balances 3.90% ... Annual Percentage Yields (APYs) are accurate as of 09/18/2026”
- everbank.com/support/contact checked September 26, 2026
Backs: Support channels
“Get in touch with our client solutions team ... 1.888.882.3837 ... Introducing the EverBank Help Center”
Compiled from 9 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Term.
Related by the facts
EverBank
A US business holding cash in an easy-access, FDIC insured account with no monthly charge.