EverBank, Member FDIC, offers strong certificate of deposit (CD) rates when compared to its competitors. These rates compound on a daily basis. One of the bank's popular accounts is its CD, which still has higher rates than many of EverBank's competitors. There are also plenty of different terms to choose from, giving EverBank account holders the ability to customize their choices and even build a CD ladder.
To calculate how much interest you could earn with a CD, try using SmartAsset's CD calculator.
EverBank CD Rates and Terms
EverBank's CD account is similar to its higher-yield counterparts. You have term options from three months to five years, which means you can use these CDs to create a CD ladder if you’d like.
The CDs' APYs are somewhere between 3.65% and 4.90%, depending on the term length you select. Plus, you only need a minimum of $1,000 to open these CD accounts.
| CD Term | Minimum Deposit | APY |
| 3 Month | $1,000 | 3.95% |
| 6 Month | $1,000 | 4.00% |
| 9 Month | $1,000 | 4.90% |
| 1 Year | $1,000 | 4.70% |
| 1.5 Year | $1,000 | 4.00% |
| 2 Year | $1,000 | 4.00% |
| 2.5 Year | $1,000 | 3.80% |
| 3 Year | $1,000 | 3.75% |
| 4 Year | $1,000 | 3.70% |
| 5 Year | $1,000 | 3.65% |
Overview of EverBank CDs
EverBank has one of the most extensive sets of certificate of deposit offerings out of the dozens of banks SmartAsset has reviewed. You have a range of term lengths to choose from, ranging from three months and five years. These multiple options allow you to open the CD that best fits with your savings goals. Plus, none of these accounts charge a monthly maintenance fee.
As always with a CD, you’ll want to be careful about making early withdrawals. These are withdrawals of any part of the account’s principal balance before the account’s maturity date. If you do this, you’ll face a penalty of a certain amount of interest earned, depending on the type of EverBank CD you own and your term length. This often makes early withdrawals almost useless since you’re losing the money you earned with the account.
How Much You Earn With EverBank CDs Over Time
Since EverBank offers so many CD accounts, how much you earn will depend on the account you choose and your initial deposit size. For example, you can only open a CD if you have $1,000 to deposit, with longer terms offering higher rates.
The amounts below reflect what your final balances would look like with each given account and initial deposit.
| Initial Deposit | 6-Month CD | 60-Month CD |
| $2,500 | $2,549.51 | $2,990.79 |
| $5,000 | $5,099.02 | $5,981.59 |
| $10,000 | $10,198.04 | $11,963.18 |
Compare EverBank to Other Competitive Offers
How EverBank CDs Rates Compare to Other Banks
EverBank outperforms other banks and their CD offerings simply by having so many CD options to choose from. You can open a CD with $1,000, or if you have multi-million dollar deposits, you can take advantage of the bank’s participation in CDARS®.
In terms of rates, EverBank's CD rates come pretty close to its competitors, even outperforming many Capital One rates.
| CD Account | EverBank | Barclays | Capital One | Marcus by Goldman Sachs |
| 1 Year | 4.70% | 3.75% | 4.25% APY (as of 9/10/24) | 4.75% |
| 3 Year | 3.75% | 3.00% | 3.70% APY (as of 9/10/24) | 4.15% |
| 5 Year | 3.65% | 3.25% | 3.60% APY (as of 9/10/24) | 4.00% |
Should You Get an EverBank CD Account?
While EverBank offers a wide range of CDs, it’s important to know that each account requires a fairly high minimum deposit. So if you don’t have at least $1,000 to deposit upfront, EverBank won’t be the right choice for you. With 10 different terms, you can also easily ladder these accounts, opening multiple accounts at a time with varying maturity dates.
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