EverBank CD Rates 2024 | The Motley Fool (2024)

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page.APY = Annual Percentage Yield. APYs are subject to change at any time without notice.

EverBank Performance℠ CD rates are among the highest we've seen. If you're interested in putting your money to work for you, EverBank Performance℠ CDs may interest you. These CDs require a minimum deposit, unfortunately, so they're not right for everyone. In this EverBank Performance℠ CD review, you'll learn more about EverBank Performance℠ CD rates, see how they rank compared to the competition, and find out whether an EverBank Performance℠ CD is right for you.

EverBank Performance℠ CD rates for 2024

Rates as of June 7, 2024

APY = Annual Percentage Yield

EverBank CD Rates 2024 | The Motley Fool (1)

EverBank Performance℠ CD

Bottom Line

EverBank offers the typically available CD term lengths, and APYs on shorter ones are decent. But unless you've got at least $1,000 to open one, EverBank Performance℠ CDs won't be a fit.


6 Mo. APY9 Mo. APY1 Yr. APY1.5 Yr. APY2 Yr. APY30 Mo. APY3 Yr. APY4 Yr. APY5 Yr. APY

Compare EverBank Performance℠ CD rates

EverBank Performance℠ CD rates consistently rank towards the top of our best CDs list for several term lengths. Compare CD rates below to find the right CD account for your needs.

Rates as of June 7, 2024

Bank & CD OfferAPYTermMin. DepositNext Steps

Discover® Bank CD

Member FDIC.

APY:4.70%Term:1 YearMin. Deposit:$2,500

Open Account for Discover® Bank CD

Western Alliance Bank CD

APY:5.05%Term:1 YearMin. Deposit:$1

Open Account for

Western Alliance Bank CD

APY:5.15%Term:9 MonthsMin. Deposit:$1

Open Account for

Overview of EverBank Performance℠ CD rates

If you want to build a long and fruitful CD ladder, EverBank can offer you plenty of terms with competitive rates. Below are some important details about EverBank Performance℠ CDs that might help you make a decision.

Minimum Deposit$1,000
Range of Term Lengths3 months - 5 years
Compounding ScheduleCompounded daily and credited to account monthly
Early Withdrawal PenaltyA penalty equal to a specific days' worth of simple interest:. 3-month CD (22 days); 6-month CD (45 days); 9-month CD (68 days); 1-year CD (91 days); 1.5 year CD (136 days); 2-year CD (182 days); 2.5 year CD (228 days); 3-year CD (273 days); 4-year CD (365 days); 5-year CD (456 days)
Grace Period20 days

Data source: EverBank

EverBank Performance℠ CD pros and cons

EverBank Performance℠ CDs may be a good fit for your long-term savings. Below, we'll review the details you need to know to find out if this is the right option for you.


  • Competitive rates
  • No monthly fees
  • Multiple term lengths


  • High minimum deposit

EverBank Performance℠ CDs pack in the trifecta of CD essentials, including competitive rates, no monthly fees, and a diverse range of terms from three months to five years. But keep in mind that EverBank Performance℠ CDs do require a $1,000 minimum deposit to open. If you're just starting out with CDs, you may want to consider one of the many banks that offers a no-minimum CD.

How much can you earn with an EverBank Performance℠ CD?

Like other savings accounts, CD rates can fluctuate due to economic conditions and the Federal Reserve's financial policy. What makes CDs different, however, is that banks can't change your CD rate after you open an account and lock it in. This makes CDs a nifty investment, as you can calculate in advance how much your CD will generate. To give you an idea of how much you could earn at today's rates, here's what $1,000 would turn into when invested in each EverBank Performance℠ CD term.

The numbers in the table below may not be accurate to current APYs and are for example purposes only.

3 months3.95%$9
6 months4.00%$19
9 months5.05%$37
1 year4.85%$48
18 months4.40%$66
2 years4.50%$91
30 months4.10%$105
3 years4.20%$131
4 years4.00%$169
5 years4.00%$216

Data source: Author's calculations.

Is an EverBank Performance℠ CD safe?

Yes, your money is safe in an EverBank Performance℠ CD. EverBank provides up to $250,000 per depositor per account (per ownership category) in FDIC insurance, so your money will be covered up to that limit if the bank were to fail.

How to open an EverBank Performance℠ CD

You can open an EverBank Performance℠ CD online in a few simple steps.

1. Select an EverBank Performance℠ CD

You'll see a list for different deposit accounts, including savings, checking, and CDs. Select the CD type you want (EverBank, CDARS, or Bump Rate) and click "start application."

2. Select your CD term

On the next page, you'll decide your opening deposit (minimum of $1,000) and your term length.

3. Create your EverBank account

If you already have an EverBank account, great. You can skip this step. Otherwise, you'll provide some crucial information, such as your name, address, Social Security, and employment status.

4. Make your deposit

Once you read through and sign the disclosures, you'll successfully open your account. You can then transfer money into your CD and let it grow.

Other EverBank Performance℠ CD accounts

EverBank also offers the following CD accounts:

  • Bump Rate CDs

Who is an EverBank Performance℠ CD right for?

An EverBank CD is perfect for people with at least $1,000 to deposit into a CD account to earn high-yield interest. It's also a good option for people who prefer online and mobile banking access since EverBank is a full-service online bank.

Bottom line: EverBank Performance℠ CD rates

EverBank Performance℠ CD

  • 6 APY: 4.00%
  • 9 APY: 5.05%
  • 12 APY: 4.80%
  • 18 APY: 4.30%
  • 24 APY: 4.30%
  • 30 APY: 4.00%
  • 36 APY: 4.10%
  • 48 APY: 3.90%
  • 60 APY: 3.90%

Show All Rates [+]Hide All Rates [-]

Rates as of June 7, 2024

APY = Annual Percentage Yield


EverBank Performance℠ CD

6 Mo.

9 Mo.

1 Yr.

1.5 Yr.

2 Yr.

30 Mo.

3 Yr.

4 Yr.

5 Yr.










Bottom line: EverBank Performance℠ CD rates

EverBank Performance℠ CDs have competitive rates and come in a variety of terms. The minimum deposit isn't low, but it's on par with other CD providers. Pay close attention to the early withdrawal penalties, as they can be steeper than the industry average for certain terms.

Keep reading about EverBank:

  • EverBank
  • EverBank Performance℠ Savings
  • EverBank Yield Pledge® Checking
  • EverBank Yield Pledge Money Market Account

Our CDs methodology

At The Motley Fool Ascent, certificates of deposit (CDs) are rated on a scale of one to five stars, primarily focusing on annual percentage yield (APY) and early withdrawal penalty fees. Our highest-rated CDs generally include competitive APYs without complex qualification tiers, low withdrawal fees, reliable brand trust and reputation, and ease of use.

Learn more about how The Motley Fool Ascent rates bank accounts.


  • EverBank Performance℠ CDs offer competitive interest rates at most term lengths regardless of CD type. EverBank has a CD to match almost every customer's needs.

  • EverBank Performance℠ CDs have a minimum deposit of $1,000.

  • EverBank Performance℠ CDs don't have any monthly service fees. Like other CDs, however, you'll pay an early withdrawal penalty if you liquidate your CD before its maturity date.

  • Yes, but you'll likely pay an early withdrawal penalty. The penalty will be equal to a certain days' worth of simple interest, and you'll pay it whether you've earned that much interest or not. For example, a 3-month CD has a penalty equal to 22 days' worth of simple interest. You'll pay this even if you closed your CD account after 18 days. In other words, you can lose money if you close your CD too early.

EverBank CD Rates 2024 | The Motley Fool (2024)


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