Everbank Offers 3-month Special Bonus Money Market Rate at 2.51%
The Everbank through their Yield Pledge Money Market account offers a bonus rate of 3.51% for new money market account holders for their first three months. The first year APY is 2.16%.
The bonus rate is offered for the first $50000 of the account but the 2.16% APY represents the total annual yield. The bonus best money market rate is combined with the 9 months of current rates to get the yearly gain of the account.
Interested individuals can open this money market account for a minimum deposit of $1500. A service charge of $4.95 is collected if the balance of the money market account drops below the $1500 requirement.
This account comes with free online banking.
Everbank is one of the larger online banks with a good asset base of around $6 billion.
The bank is insured with the FDIC through certificate # 34775.











THIS IS A MISTAKE. THE ARTICLE MENTIONS THAT THE BONUS RATE IS 3.51%, BUT IT IS ACTUALLY 2.51%.
Comment by Joe — May 14, 2009 @ 12:44 pm