Business Interest Checking is a tiered, variable rate account. All of our current ongoing yields and tiers may change without notice (current tiers and ongoing Annual Percentage Yields are: $100,000 and up 1.26% APY, $50,000 - $99,999.99 1.20% APY, $25,000 - $49,999.99 1.16% APY, $10,000 - $24,999.99 0.70% APY and under $10,000 0.51% APY). EverBank invites first-time Business Interest Checking 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 $100,000. If you have a balance of $100,000 or more: those additional funds will earn the variable ongoing APY for our highest tier (currently 1.26% APY) which may change 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 APYs are $50,000 - $99,999.99 1.46% APY, $25,000 - $49,999.99 1.43% APY, $10,000 - $24,999.99 1.09% APY and under $10,000 0.95%APY. The New Account First-Year APY for balances from $100,000 to $10,000,000 is best expressed as a range: 1.51% to 1.26%; higher balances are accepted. The minimum deposit to open the account is $1,500. Interest rates and APYs mentioned are accurate as of 8/27/2010 12:00:00 AM.
The annual percentage yield (APY) for the account is current as of 8/27/2010 12:00:00 AM is variable and may change after the account is opened. Fees may reduce earnings. A minimum deposit of $1500 is required to open the account. In any month that your average daily balance falls below $5000 a $14.95 monthly fee applies.