EverBank Ends Intro 3-Month Bonus Rates
EverBank has stopped offering its three-month introductory rates on its interest checking and money market accounts.
EverBank has decided to discontinue its bonus rates for its Yield Pledge Checking and Yield Pledge Money Market accounts starting July 1.
Previously, both interest-bearing accounts received a promotional rate, which was at 1.26%, during the first 3 months after sign up. After the the bonus rate period, the yield fell to an ongoing APY that remained relatively competitive.
According to an Everbank chat representative, the change will apply only to new customers. Customers who applied for Yield Pledge Checking and Yield Pledge Money Market accounts prior to July 1 will continue to receive the higher rate until the 3-month period ends.
EverBank has offered 3-month bonus rates for years now and the higher introductory rate has been an attractive sign-up incentive for customers.