EverBank is a bank that has been recognized for service and high rates. It provides business and personal banking online and in their several northeastern Florida branches.
EverBank, headquartered in Jacksonville, Florida, has grown to serve more than 700,000 customers and has 2,000 employees. The bank has more than $11.5 billion in assets and more than $6.3 billion in deposits. Since EverBank’s parent company started in 1961 with the purchase of Commander Corporation by the Pearce-Uible Company, EverBank has aligned itself with other financial industry companies with experience and a reputation for good service.
EverBank provides community banking service in Northeastern Florida and online services for customers across the country.
Ratings and reputation
The Better Business Bureau gives EverBank an “A” rating, and IDC Financial Publishing has given EverBank a “Superior” rating every year since 2007. Bauer Financial gave the bank a 4-star rating in 2008 and Money magazine gave EverBank a “Best of the Breed” award in 2007 for their checking account and money market account.
Customers online give EverBank a satisfactory rating in customer service, bank rates, fees and charges, online experience and overall satisfaction. Many customer reviews are highly complimentary about the great interest rates they earned on their funds, the customer service they received and the ease of using the website to transfer money and access their account information.
EverBank offers a variety of personal financial products along with products for small businesses and commercial clients. Consumers can open an interest-earning checking account or a high-interest money market account. EverBank does not offer a traditional savings account, but there is a traditional certificate of deposit (CD).
A rarity among U.S. banks, EverBank offers CDs denominated in a variety of global currencies, from the Australian dollar to the Swiss franc. This set of banking products is for depositors who want more diversification in their portfolio. EverBank offers educational resources and guidance for consumers who want to learn more about investing in global currencies before diving in, including a Guide to Currency Investing and the Daily Pfennig newsletter authored by a top EverBank executive.
EverBank also offers IRAs, brokerage services, precious metal accounts, retirement planning services and investment advice. A rewards Visa credit card is also available.
Customers in Florida can make use of this bank’s local branches, while direct banking customers have 24-hour access online or can handle many transactions by phone.
Safety in deposits
Both local customers in Florida and the thousands of online customers who use EverBank’s accounts for their personal finances can be reassured that their funds are safe–all deposit accounts are FDIC-insured to the maximum amount of $250,000 per depositor. Savings exceeding FDIC insurance limits for an individual can be extended by opening a jointly owned account in the same bank or by opening an account at another financial institution.