Get the Highest Interest Online

EverBank is offering a great first year APY of 1.77% with 3-month bonus rate of 2.51% on their money market accounts. Everbank also has a fantastic high interest rate checking account for balances above $50,000 which is described in detail below.

This is a great opportunity to ditch your traditional checking account and make some extra money with a bank that always guarantees a yield within the top 5% of competitive accounts!

The Best Money Market

This money market account currently pays the highest interest in the banking industry, but requires you to maintain a $5,000 minimum balance to avoid a monthly fee $8.95. It’s also important to remember that you can only make the standard 6 transfers/withdrawls per month with any money market account, but this is workable for a good rate.

So, what is the big deal? This is just a promo rate for 1 year… Even if there was no promotional APY, Everbank would still pay you one of the highest interest rates available (1.51% APY 11/23/09). You might as well take advantage of the promotion, but they want your money and you want better interest rates. It’s a win-win for everyone!

Best Interest Checking

If you have a good sum of money sitting around, then Everbank clearly has the best high interest checking available! On balances from 100K to 10M you will get the same deal as their money market with unlimited transactions and all of the other nice perks you would expect in a free checking account. The rate for balances above 50K is also the best I’ve seen (currently 1.45% 11/23/2009)!

National Recognition

EverBank has just received the highest possible rating from VeriBank for 2009 and has been recognized by national publications like Forbes, Money Magazine, and Kiplinger’s for their outstanding checking and savings products. They also have excellent mortgage rates and foreign currency products available for diversification. EverBank has some great products that are worth a look!

Avoided Sub-Prime Lending

Per their website, “EverBank avoided offering sub-prime or exotic lending products” so they are able to offer some of the best investment and savings products in the industry. If you have at least $5000, this is the first place you should take a look at to accelerate your savings and get and interest rate that you deserve!