What is the current EverBank CD rate?

As of June 2026, EverBank CD rates range from approximately 4.00% to 4.50% APY, with the 12-month term typically offering the best rate. EverBank requires a minimum deposit of $1,000 to open a CD. Rates change frequently — verify the current rate at everbank.com before opening an account.

What is the minimum deposit for an EverBank CD?

EverBank requires a $1,000 minimum deposit to open a CD. This is higher than some online banks (Ally and Capital One have no minimum) but lower than traditional banks that require $2,500 or more. If you have at least $1,000 ready to invest, EverBank's rates are competitive with top-tier online banks.

What is the early withdrawal penalty on EverBank CDs?

EverBank's early withdrawal penalty is approximately 90 days of interest for CDs with terms of 24 months or less, and 180 days for longer terms. Breaking a CD early reduces your effective yield substantially. EverBank does not offer a no-penalty CD, so plan to hold any CD to its maturity date.

Is EverBank the same as TIAA Bank?

Yes. EverBank was previously known as TIAA Bank. The institution rebranded back to the EverBank name in 2023 after its acquisition by a private equity group. The bank is FDIC insured and operates as a full-service online bank. All TIAA Bank accounts transitioned to EverBank — if you previously had a TIAA Bank CD, it is now held under the EverBank name.

EverBank CD Rates 2026 — Terms, APYs, and How They Compare

EverBank CD rates range from approximately 4.00% to 4.50% APY in June 2026, positioning it consistently among the more competitive online banks for certificates of deposit. Formerly known as TIAA Bank, EverBank operates as a fully online institution with a $1,000 minimum deposit — higher than Ally and Capital One’s no-minimum CDs, but well within reach for most savers with an existing savings buffer.

Rates shown are as of June 2026 and change frequently. Verify the current rate at everbank.com before opening an account.

EverBank CD Rates by Term (June 2026)

Term	Approximate APY
3 months	4.00–4.15%
6 months	4.10–4.30%
12 months	4.25–4.50%
18 months	4.10–4.30%
2 years	3.90–4.10%
3 years	3.75–4.00%
5 years	3.50–3.75%

EverBank’s 12-month CD typically offers the best rate in the lineup. The rate structure reflects the broader online bank pattern where mid-length terms offer the highest yields in the current rate environment.

How Much Can You Earn?

On a $10,000 deposit at EverBank’s approximate 12-month rate of 4.38% APY:

After 12 months: ~$10,438 ($438 in interest)
After 2 years (2-year CD at 4.00% APY): ~$10,816 ($816 in interest)
After 5 years (5-year CD at 3.63% APY): ~$11,958 ($1,958 in interest)

At the national average 12-month CD rate of approximately 1.85% APY, the same $10,000 earns just $185 — less than half of what EverBank’s current rate produces.

Early Withdrawal Penalties

Term	Penalty
24 months or less	90 days of interest
More than 24 months	180 days of interest

Example: Break a 12-month CD at 4.38% APY after 3 months with $10,000. You’ve earned approximately $109 in interest but forfeit 90 days’ worth — the same ~$109. Net return: $0 for 3 months. The penalty is most punishing in the early months. Always plan to hold an EverBank CD to maturity.

EverBank vs. Ally and Marcus

	EverBank	Ally Bank	Marcus by Goldman Sachs
Best 12-month APY	~4.38%	~4.50%	~4.45%
Minimum deposit	$1,000	$0	$500
No-penalty CD	No	Yes (11 months)	No
Early withdrawal (12-mo)	90 days interest	60 days interest	90 days interest
FDIC insured	Yes	Yes	Yes

EverBank is competitive on rate but trails Ally on both the minimum deposit requirement and the no-penalty CD option. For savers with $1,000 or more who want a competitive rate and are comfortable without penalty-free access, EverBank is a solid choice. The $1,000 minimum is a barrier for smaller savers — in that case, Ally or Capital One 360 are better starting points.

EverBank’s Yield Pledge

EverBank has historically marketed a “Yield Pledge” — a commitment that its rates will remain in a competitive tier relative to top online banks. While marketing language, it signals the institution’s intent to maintain above-average rates rather than leading with a teaser rate that collapses at renewal.

CD Renewal at EverBank

EverBank CDs automatically renew into the same term at the prevailing rate at maturity. The grace period is 10 calendar days after maturity — you can withdraw, change the term, or add funds without penalty within that window. Review your renewal options 30 days before maturity, especially if you’re comparing EverBank’s renewal rate against current online bank offers.

Who Should Open an EverBank CD?

Best for:

Savers with $1,000 or more who want a competitive online rate without maintaining a full banking relationship elsewhere
Former TIAA Bank customers already familiar with the platform
Anyone comparing top-tier online bank CD rates alongside Ally and Marcus

Consider alternatives if:

You have less than $1,000 to invest (Ally or Capital One have no minimum)
You need penalty-free access before maturity (Ally’s no-penalty CD)
You want the absolute highest rate at the time of opening — compare all three at once

Written by WealthVieu

WealthVieu researches and writes data-driven personal finance guides using primary sources including the IRS, Bureau of Labor Statistics, Federal Reserve, and Census Bureau.

The content on Wealthvieu is for informational purposes only and should not be considered financial, tax, or investment advice. Consult a qualified professional before making financial decisions. Full disclaimer · Editorial policy