EverBank review: Everything you need to know

EverBank is a US-based bank known for its competitive yields on savings and CDs, plus its checking accounts, which have few fees. It’s an online-first bank, which means you’ll do most of your money management digitally, although it still provides customer support by phone and online chat.

In this EverBank review, we’ll cover what you need to know about its accounts, interest rates, fees, and customer experience, so you can decide if it’s the right fit for your finances.

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EverBank: general overview

EverBank is an online-focused bank that offers a range of accounts designed to keep fees low while paying competitive rates on deposits. Customers can manage everything digitally, and the bank has a handful of physical branches in Florida, California, and New York.

Here are the main products you can open with EverBank:

• Performance® Checking account
• Performance® Savings account
• Performance® Money Market account
• Certificates of Deposit (CDs), including bump-up options

EverBank doesn’t provide credit cards or a wide variety of loan products, but it’s built for people who want reliable deposit accounts with FDIC insurance. Customers also have access to more than 80,000 fee-free ATMs nationwide through the Allpoint® and MoneyPass® networks.¹

EverBank checking account reviews

EverBank’s Performance® Checking account is built for everyday use, with no monthly fees and interest on your balance. You’ll need $100 to open the account, and once funded, it earns 0.25% APY with no minimum balance requirement.²

Depositing funds is straightforward, with options like direct deposit, mobile check deposit, transfers, wire payments, or cash at select ATMs and branches. These options make the account a practical choice for those who want the flexibility to access and move money in different ways.

EverBank Savings account reviews

The EverBank Performance® Savings account is the bank’s flagship savings product. It’s designed to keep things simple while offering a market-leading APY. New accounts currently earn 4.30% APY on all balances, with no monthly fees and no minimum deposit required to open.³

Everything can be managed online or through the EverBank mobile app. You can fund the account via transfer, direct deposit, or mobile check deposit, making it easy to move money in and out.

This account is only available online or by phone, so you won’t be able to open it at a physical branch. For most customers, the draw is straightforward: a competitive yield with none of the extra fees you might see at bigger banks.

EverBank CD

EverBank’s Performance® CDs let you lock in a fixed rate for terms ranging from 3 months to 5 years. You’ll need at least $1,000 to open an account, and APYs vary depending on the term you choose.⁴ Rates are competitive, with shorter promotional terms offering some of the highest returns.

Like most CDs, early withdrawals trigger penalties, so it’s best to commit money you won’t need until maturity. Accounts are FDIC-insured up to the standard limits, and CDs renew automatically unless you make changes during the 10-day grace period.

EverBank also gives customers access to CDARS® CDs, which allow for FDIC coverage in the millions if you’re managing larger balances.

EverBank customer experience

EverBank is primarily an online bank, so most people manage their accounts through the website or mobile app. The app supports mobile check deposits, online bill pay, and Zelle transfers, giving you the same tools you’d expect from a bigger national bank.

If you prefer in-person service, EverBank operates a limited number of branches in Florida, California, and New York.⁵ Phone support is available six days a week, and customers can also reach out by email.⁶

For everyday use, you’ll also get access to fee-free ATMs nationwide, plus monthly reimbursements for out-of-network ATM fees if your balance qualifies.

EverBank overdraft fees

EverBank doesn’t charge overdraft fees. If you try to spend more than your available balance, the transaction is usually declined rather than pushing your account into the negative.

This setup can help you avoid surprise charges, but it also means there’s no overdraft line of credit or linked account transfer to cover shortfalls. If you need extra flexibility, you’ll have to move money in from another account before making a purchase.

EverBank comparison

Trying to decide if EverBank is the right place for your money? Here’s a quick look at how it compares to other well-known US banks. Check the details below and follow the provider links if you want to dig deeper into specific amounts.

EverBank pros and cons

EverBank can be a solid option if you want competitive savings rates and digital-first banking. Like any provider, though, there are some trade-offs to think about.

Pros

• High APYs on savings accounts and CDs compared to many big banks
• No monthly maintenance fees on checking or savings
• Wide fee-free ATM access with reimbursements for out-of-network charges
• FDIC insurance on eligible deposits up to $250,000 per depositor, per account type
• Easy account opening online or by phone

Cons

• Limited physical branches, mostly in Florida and California
• No no-penalty CDs available
• Mobile app reviews are mixed compared to some competitors
• Cash deposits can only be made at select ATMs and branches

Frequently asked questions about EverBank

Here are answers to some of the most common questions people have about banking with EverBank.

Is EverBank a good bank?

EverBank is often seen as a good choice for customers who want high-yield deposit accounts and digital convenience. It offers competitive rates on savings and CDs, plus nationwide access to over 80,000 fee-free ATMs.

The downside is a limited branch presence, so it’s best suited for those who are comfortable banking mostly online.

What is the rating for EverBank?

EverBank scores well in independent reviews. Bankrate rated it 4.7 out of 5 overall in 2025, with its savings accounts earning a full 5.0 out of 5 for competitive yields.¹⁴

NerdWallet also gave its Performance Checking account high marks, noting tlack of no monthly fees and interest on balances.

Is EverBank a safe bank?

Yes. EverBank is FDIC-insured, which means deposits are protected up to $250,000 per depositor, per account type. The bank also applies security measures like fraud monitoring and encryption to help protect your accounts.¹⁵

EverBank stands out for its strong savings rates, fee-free checking, and wide ATM access. It’s a good fit if you want to earn more interest on deposits without dealing with monthly fees or high balance requirements.

The trade-off is that branch access is limited, so most of your banking will be done online or through the mobile app.

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Sources

1. NerdWallet – Checking account review
2. EverBank – Everyday checking with exceptional benefits
3. EverBank – Superior performance, serious savings
4. EverBank – Various terms with impressive growth
5. EverBank – Locations
6. EverBank – Support Contact
7. Bank of America – Account details and fees
8. Chase – Account details include
9. Chase – Checking accounts & Savings accounts
10. Chime – Chime account vs. national banks
11. Citibank – Everyday features and benefits include
12. PNC Bank – Fees & requirements
13. TD Bank – Open a TD savings account online
14. Bank Rate – EverBank rating
15. EverBank – Keeping your accounts and money safe

Sources checked 09/23/2025