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Your money needs to be within arm's reach

Money Market Accounts

Easy access to your cash doesn't mean you have to sacrifice earning a great rate on your money. Open an EverBank® Yield Pledge® Money Market Account and earn a yield that we pledge will remain within the top 5% of competitive accounts available from leading banks.1 Or, take the opportunity to globally diversify your funds and potentially earn high yields at foreign rates. Our money market accounts can serve a wide range of financial needs—from the saver seeking to safeguard cash for the future to the investor willing to accept some market risk in return for a potentially better yield.

Yield Pledge® Money Market Account

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An excellent choice if you want to keep your money liquid and earn one of the highest money market account rates offered by the leading banks.1

Features:

  • Yields pledged to be in the top 5% of competitive accounts found at leading banks1
  • Free check writing (within legal limitations)2
  • Low $1,500 initial deposit requirement
  • No monthly maintenance charge when minimum balance is maintained (otherwise $8.95 monthly fee)
  • FDIC Insured against bank insolvency

WorldCurrency® Access Deposit Account

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This unique money market deposit account offers you an opportunity to diversify your portfolio with major foreign currencies—providing potentially better rates and currency appreciation with some degree of market risk.

Features:

  • Low $2,500 initial deposit requirement ($10,000 minimum to earn interest)
  • Earn yields at foreign rates
  • Ability to quickly and easily transfer between global markets
  • Potential for gains (provided the currency value increases; loss of principal could be experienced if currency value decreases)
  • Currency conversion rate within 1% of the wholesale spot price EverBank pays for your currency—among the lowest in the nation3
  • No monthly fees
  • FDIC Insured against bank insolvency4

I'm interested in opening a money market account, what's my next step?

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  2. EverBank, the EverBank Infinity Sphere and EverBank logo, along with Yield Pledge and WorldCurrency are proprietary service marks of EverBank. All rights reserved.
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Important Disclosures

  1. EverBank pledges to keep the yield on your account in the top 5% of competitive accounts as tracked in Bankrate Monitor, a weekly national survey of large banks and thrifts, surveyed by Bankrate.com.

  2. Because this is a money market account, you are limited by Federal regulation to six transfers or withdrawals per month. See Terms and Conditions for details. Withdrawals or transfers in excess of these limits are subject to a fee.

  3. If you request funds in this account be denominated in a currency other than the currency you deposit with EverBank, we will convert your currency using a then current Exchange Rate. The Exchange Rate you pay will be within 1% of the available Market Rate for the selected foreign currency. Exceptions may occur when a specific conversion rate is agreed upon between you and EverBank or when an Exchange Rate is limited by conditions beyond our control (including government restrictions, wars, insurrections, economic conditions in the country whose currency you select or in the United States, and/or other "Acts of God"). The Market Rate is a market price available on the Interbank currency market and is not published in any newspaper, on any website or in any other publicly available source. Published exchange rates or spot rates may not accurately reflect rates on the Interbank Market or the Exchange Rate available to you. You are not obligated to conduct Exchange Transactions with EverBank. Please see the Foreign Currency Deposit Account Disclosure for more information about EverBank's Exchange Rates.

  4. EverBank is an FDIC insured federal savings association. The standard FDIC insurance limit of $250,000 applies per depositor, per insured depository institution for each account ownership category. FDIC insurance covers against loss due to the failure of the institution, but not fluctuations in currency values. Due to the nature and volatility of the foreign exchange market, the values of currencies are subject to wide fluctuations against the U.S. dollar and investments in foreign currency denominated instruments will entail significant risk exposure to adverse movements of the foreign currency relative to the U.S. dollar. The amount of deposit insurance available for funds denominated in foreign currency will be determined and paid in the United States dollar equivalent of the foreign currency on the institution's date of default. As with all investments, you can lose money, including principal, due to currency fluctuations, over the term that you own it. Please only invest with money that you can afford to risk, and as part of a broadly diversified investment strategy.

  5. Interest rates and Annual Percentage Yields mentioned are accurate as of 8/27/2010 12:00:00 AM. This is a variable rate account. Interest rates and APYs are subject to change without notice. EverBank invites first-time Yield Pledge Money Market account holders to enjoy a three month Bonus Interest Rate and New Account First-Year APY offer on their new account. The Bonus Interest Rate that is offered at account opening (currently 2.25%) remains fixed for the first three months and applies to balances up to and including $50,000. If you have a balance over $50,000: those additional funds will earn the variable ongoing APY of 1.26%, which may change at anytime even during the first three months. As required by law, we are disclosing a blended APY that combines the Bonus Interest Rate with the current ongoing rates to provide an estimated annualized figure, the New Account First Year APY, based on your average daily collected balance. However, this blended APY is not the exact APY that you would actually receive because the current ongoing rate will change periodically over the remaining 9 months of the First Year. Our New Account First-Year APY up to $50,000 is 1.51% APY. The New Account First-Year APY for balances from $50,001 to $10,000,000 is best expressed as a range: 1.51% to 1.26%; higher balances are accepted. Without the bonus rate, the ongoing yield regardless of balance is 1.26%. Required minimum opening deposit is $1,500. For any month in which the account's average daily balance falls below $5,000, an $8.95 monthly fee applies. Fees may reduce earnings.