EverBank Money Market Accounts – guaranteed to be in the top 5%
When looking for investments vehicles that pay more than the average savings account, many people will investigate certificates of deposit, money market accounts and individual retirement accounts. Money market accounts are appealing because of the versatility and security they offer financiers. EverBank has been delivering extraordinary banking services for over 40 years that includes great money market accounts.
Money market accounts are the surge of investors drawn to ventures with little or no risk and a high yield on their return. Countless investors enjoy the benefits of a money market account when compared to certificates of deposit because of the freedom or access to your funds whenever you need them.
Consumers with much cash inflow and outflow activity like businesspersons will find Money Market Accounts useful because they can access their money anytime.
Certificates of deposit will pay a slightly higher yield than money market accounts. However, you only realize your interest or return at maturity. Until maturity of your CD you cannot withdraw any money without a penalty that can sometimes turn out to be substantial. Some lenders will penalize a CD investor interest, portions of the principal along with additional fees for early withdrawal.
EverBank offers a number of products for their customers interested in investing in the money market account area. EverBank money market accounts are some of the best in the industry. Customer reviews have touted EverBank’s Yield Pledge money market as one of the premiere money markets obtainable today.
EverBank’s Yield Pledge money market account provides free online and mobile banking, up to 6 withdrawals or transfers per month free of charge, free paper checks and an APY of .81%. A minimum balance of $1500 is required to open the account. Another great feature that has been added is the option of having Yield Pledge available in an IRA. Many fees are waived with EverBank when a minimum balance is retained in your account. However, there is no minimum balance to earn interest.
Security is a priority with EverBank and they provide bonus security above and beyond industry standards. Added security for money market accounts includes free 6 month credit monitoring from IdentitySecure and free of charge malware and phishing detection software from Trusteer. Customers can be secure in the knowledge their online sensitive banking information is safe.
Trusteer is an award winning web access security service provider.
EverBank has a promise for all customers that any Yield Pledge money market rates will always be in the top 5% of competitive account interest rates in the industry. With this pledge investors will never second guess if they could possibly be getting a higher yield somewhere else.