Everbank CD Rates: Competitive APYs & Terms

01 May, 2025

Looking for a secure place to park your cash and earn competitive returns? Certificates of Deposit (CDs) offer a predictable, low-risk path to grow your savings. Everbank, formerly TIAA Bank, presents a compelling case for CD investors with its diverse range of terms and attractive Annual Percentage Yields (APYs).

Navigating the CD landscape can be daunting, but Everbank simplifies the process. With terms ranging from three months to five years, you can tailor your investment to your specific financial goals. Whether youre saving for a down payment, building a CD ladder, or simply seeking a safe haven for your funds, Everbank offers options to suit your needs. The transition from TIAA Bank to Everbank in 2023 brought a renewed focus on competitive CD offerings, providing savers with a reliable platform for their financial aspirations. Accessing CD rates and information is straightforward through the TIAA brokerage account online platform. By logging in and navigating to the fixed-income resources, you can explore the full spectrum of available CDs and their corresponding APYs.

Institution Name (Previous)	Everbank (TIAA Bank)
CD Terms Offered	10 terms (3 months to 5 years)
APY Range (as of article date - information would be updated to reflect current rates)	3.50% - 4.15%
Minimum Deposit (for standard CDs - bump-up CDs have different requirements)	$1,000 (can vary)
Bump-Up CD Option	Available (one bump per CD)
CDARS Eligibility	Yes (through IntraFi Network)
Website	www.everbank.com (This link would need to be checked and potentially updated to the appropriate successor institution website if Everbank no longer exists independently).

Everbank's commitment to competitive rates is a significant draw for savers. Their CD APYs often rival or exceed those offered by major competitors like Capital One, ensuring your money works hard for you. Furthermore, Everbank's modest minimum deposit requirements make CD investing accessible to a broader range of individuals. Building a CD ladder, a strategy involving staggering CD maturities, becomes remarkably simple with Everbank's diverse term options. This approach allows you to access a portion of your funds at regular intervals while still benefiting from the higher yields of longer-term CDs.

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Everbanks bump-up CDs offer an intriguing feature for those concerned about rising interest rates. With a bump-up CD, you have the opportunity to raise your interest rate once during the CD term if market rates increase. This feature offers flexibility and potential for greater returns in a dynamic interest rate environment. However, it's essential to note that only one bump-up CD can be held at a time, and the minimum deposit is typically higher than standard CDs.

The CDARS (Certificate of Deposit Account Registry Service) program, available through Everbank in conjunction with IntraFi Network, provides additional security for large deposits. CDARS allows for FDIC insurance coverage on balances up to $50 million by distributing funds across multiple banks in increments below the standard $250,000 FDIC limit. This feature offers peace of mind for those with substantial savings. TIAA, Everbank's predecessor, had a strong reputation for providing competitive CD rates, and this tradition continues. While the name has changed, the core values remain, delivering customers a range of CD options with attractive APYs and user-friendly features. Whether you're a seasoned investor or just starting your savings journey, Everbank's CDs deserve serious consideration.

Everbank also provides additional services for brokerage account holders. Cash sweep options allow uninvested cash in your account to accumulate interest, maximizing your returns. Interest typically accrues daily and is paid monthly. Details on current interest rates and cash sweep programs can be found on the Everbank website.

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When opening a CD, it's crucial to understand the terms and conditions. Your CD will be officially opened on the day your initial deposit is credited, and the interest rate effective on that day will apply for the duration of the term. With Everbank's performance CDs, you benefit from daily compounding interest, maximizing your earnings. Furthermore, there are no monthly maintenance fees, ensuring your returns aren't eroded by unnecessary charges.

Everbank recognizes the importance of customer satisfaction and strives to deliver a positive banking experience. Their commitment to providing competitive rates, flexible terms, and helpful online resources underscores their dedication to helping customers achieve their financial goals. As you explore your CD options, consider Everbank's offerings. Their blend of competitive APYs, diverse terms, and user-friendly features makes them a strong contender in the CD market.

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