What is the current EverBank CD rate?

EverBank's CD rates vary by term, with the 12-month term historically offering a competitive rate in its lineup. Rates change frequently — verify the current rate directly at everbank.com before opening an account, as figures published elsewhere (including this page) may be out of date.

What is the minimum deposit for an EverBank CD?

EverBank has historically required a $1,000 minimum deposit to open a CD — higher than some online banks with no minimum (Ally, Capital One) but lower than some traditional banks that require $2,500 or more. Confirm the current minimum directly at everbank.com before opening, since requirements can change.

What is the early withdrawal penalty on EverBank CDs?

EverBank's early withdrawal penalty has historically been around 90 days of interest for CDs with terms of 24 months or less, and around 180 days for longer terms. Confirm the exact current penalty schedule for your specific term at account opening, since it can change. EverBank has not historically offered a no-penalty CD.

Is EverBank the same as TIAA Bank?

Yes. EverBank was previously known as TIAA Bank. The institution rebranded back to the EverBank name in August 2023 after its acquisition by a private equity group. The bank is FDIC insured, headquartered in Jacksonville, Florida, and operates both online and through a small network of staffed financial center branches (roughly a dozen in Florida, about 27 in California, and one in Flushing, NY). 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’s CD rates change frequently and are not independently re-verified as of this update — confirm current rates directly at everbank.com before opening a CD. Formerly known as TIAA Bank, EverBank is headquartered in Jacksonville, Florida, and operates primarily as an online/phone bank with a small network of staffed financial center branches (roughly a dozen in Florida, about 27 in California, and one in Flushing, NY) alongside its digital account opening. It has historically required a $1,000 minimum deposit for CDs — higher than some online banks with no minimum (Ally, Capital One) but within reach for most savers with an existing savings buffer.

Rates shown change frequently. Verify the current rate at everbank.com before opening an account.

How EverBank CD Pricing Typically Works

EverBank does not publish one fixed nationwide rate that stays constant — actual APYs vary by term and change with market conditions. The 12-month term has historically been among the more competitive terms in its lineup. Confirm current rates directly at everbank.com before opening a CD.

How Much Can You Earn? (Illustrative Only)

On a $10,000 deposit at an illustrative 12-month rate of 4.00% APY:

After 12 months: ~$10,400 ($400 in interest)

This figure is illustrative only and is not a confirmed current EverBank rate. Confirm the actual rate offered on your specific CD before calculating expected earnings, and compare against current rates at Ally, Marcus, and other online banks before deciding.

Early Withdrawal Penalties

Term	Typical Penalty (confirm current terms)
24 months or less	~90 days of interest
More than 24 months	~180 days of interest

Confirm your CD’s exact penalty terms at account opening — this schedule can change. Always plan to hold an EverBank CD to maturity given the penalty structure.

EverBank vs. Ally and Marcus

Before choosing between EverBank and another online bank’s CD, compare each bank’s currently advertised rate, minimum deposit, and penalty terms directly on their own sites — rates move often enough that a comparison made even a few weeks ago may be stale. EverBank has historically required a $1,000 minimum deposit, higher than Ally’s $0 minimum; confirm current minimums for all banks you’re comparing.

EverBank’s Yield Pledge

EverBank has historically marketed a “Yield Pledge” — a stated commitment to keep its rates in a competitive tier relative to top online banks. This is marketing language, not a guaranteed rate; confirm the current specific rate rather than relying on the pledge alone.

CD Renewal at EverBank

EverBank CDs have historically renewed automatically into the same term at the prevailing rate at maturity. Confirm the current grace period directly with EverBank, since it can change. Review your renewal options 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 (confirm current minimum) 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 EverBank’s current minimum deposit (Ally or Capital One have historically had no minimum)
You need penalty-free access before maturity
You want the absolute highest rate at the time of opening — compare current rates at multiple banks

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