EverBank CD Rates: March 2024

See how EverBank's CD rates compare to other banks

<img src=' alt='

Thomas Barwick / Getty Images

‘ title=”Female financial advisor reviewing data on laptop while meeting with businesswoman in office”>

Thomas Barwick / Getty Images

Fact checked by Hans Daniel Jasperson

EverBank CD Rates

If you’re shopping around for a new CD account, choosing one that aligns with your financial situation and offers a generous rate is important—especially if you want to deposit a large sum of money. One option worth considering for a new CD account is EverBank, which rebranded from TIAA Bank in August 2023. This financial institution offers several CD options suitable for different customers, including a CD that offers expanded FDIC insurance protection of up to $50 million.

Here’s a look at EverBank's CD rates and account features, as well as some account options from competitors and tips for choosing the right CD. 


The APYs listed below are up to date as of the date of publication of this article. We review CD rates every two weeks and update the information below accordingly.

EverBank CD Overview

CD Term APY Minimum Balance
3 months 3.95% $1,000 
6 months  4.00%  $1,000 
9 months  5.05%  $1,000 
1 year  4.85%  $1,000 
18 months  4.40%  $1,000 
2 years  4.50%  $1,000 
30 months  4.10%  $1,000 
3 years  4.20%  $1,000 
4 years  4.00%  $1,000 
5 years  4.00%  $1,000

See the best CD rates today before choosing the CD that is best for you.

CDARS CD Overview

CD Term Funding Limit APY Minimum Balance
3 months $10 million 3.40% $10,000
6 months  $10 million  3.43%  $10,000 
1 year  $10 million  4.27%  $10,000 
2 years  $1 million  3.76%  $10,000 
3 years  $0.5 million  3.22%  $10,000

EverBank CD Rates: Key Features

EverBank CD Key Features

APY Range 3.95%–5.05%
Minimum Balance $1,000 
Term Range 3 months–5 years 
Early Withdrawal Penalty From 22 days of interest to 456 days of interest, depending on CD term
Grace Period for Penalty-Free Withdrawals Not disclosed

The EverBank Standard CD is a straightforward option offering generous APYs and a variety of term lengths. It’s a good option if you want relatively high rates, and its range of maturity dates makes it a good choice for CD laddering as well.

CDARS CD Key Features

APY Range 3.22%-4.27%
Minimum Balance $10,000 
Term Range 3 months – 3 years 
Early Withdrawal Penalty Yes, but details not disclosed 
Grace Period for Penalty-Free Withdrawals Not disclosed

EverBank also offers a CDARS CD, which provides increased FDIC coverage by distributing balances among several FDIC-insured banks. Generally, specific account categories at individual banks are FDIC-insured up to $250,000. But with this CD, your FDIC insurance increases into the millions. Those with significant savings looking for the added protection of higher FDIC insurance may benefit from this CD.


With EverBank's CDARS CD, your money will be in multiple accounts with multiple banks. While this isn’t necessarily a cause for concern, it’s important to note as you compare CDs.

Compare CD Account Rates

How Do You Get a CD With EverBank?

You can open an EverBank CD online. This bank mentions that the online application process takes just five minutes, so it’s fairly simple to open a new CD account.

Are EverBank CDs Worth Investing In?

EverBank offers relatively generous APYs for its CDs, so it could be worth opening a CD account if you can afford to keep your money in it for the full term. Just keep in mind that withdrawing your money early will result in penalties, and take the time to shop around for the highest-yield CDs before making a decision.

How Do You Get the Best CD Rate With EverBank?

EverBank offers different CD rates for different term lengths and account types. To find the best possible home for your money, compare terms and select the option with the highest rate. The best CD for you will be the one that aligns best with your needs (including minimum deposit requirements), so keep this in mind as you compare.

Are EverBank CDs FDIC-Insured?

Yes, EverBank's CDs are FDIC-insured. Its Standard and Bump Rate CDs are insured up to $250,000, while its CDARS CD is insured up to $50 million. Note that the CDARS CD’s balance is distributed across multiple FDIC-insured bank accounts, which is why it has increased FDIC coverage.

Your Guide to CDs

  • What Is a Certificate of Deposit (CD)?
  • What Is a Brokered CD?
  • What Is a CD Ladder?
  • Pros and Cons of CDs
  • How to Invest With CDs
  • How to Open a CD
  • How to Close a CD
  • CDs vs. Annuities
  • CDs vs. Stocks
  • CDs vs. Mutual Funds
  • CDs vs. ETFs
  • CDs vs. Savings Accounts
  • Short-Term vs. Long-Term CDs
  • CD Rates News
  • Best 1-Year CD Rates
  • Best 18-Month CDs
  • Best Jumbo CD Rates
  • Best 6-Month CD Rates
  • Best 3-Month CD Rates
  • Best Bank CD Rates

Read the original article on Investopedia.


Leave a Comment

Your email address will not be published. Required fields are marked *