EverBank $75 Bonus Promotional Offer

EverBank is running a promotion right now for its Yield Pledge Money Market Account and FreeNet Checking Account with up to $75 bonus. The bonus is offered separately for the Money Market Account and Checking Account, which means that in order to get the maximum $75 bonus, you will need to open both a Money Market Account and a Checking Account and meet the following conditions:

  1. Applicant must open and fund a Yield Pledge Money Market Account with a minimum deposit of $20,000 and receive $50 bonus;
  2. Open a FreeNet Checking Account with a minimum deposit of $10,000 and get $25 bonus;
  3. Applicant must maintain an average daily balance for each of the first 4 statement periods equal to or greater than the minimum funding amount for the account.

If you open either a Money Market Account or a FreeNet Checking Account, you will get $50 or $25 bonus, respectively, but no both, once you meet the minimum deposit and account balance requirement. The bonus will be credited to your account (Money Market Account or Checking Account or both) during the 5th statement period after account opening.

EverBank is one of the banks that offers high-yield savings accounts. The Yield Pledge Money Market Account currently has a 2.25% 3-month bonus rate that’s the highest rate among major online savings account. To open a Money Market Account, a minimum deposit of $1,500 is required (however, to get the $50 bonus, the minimum is $20,000) and a monthly account balance of $5,000 is needed to avoid the $8.95 monthly account maintenance fee (the account balance requirement for this bonus offer is also different). The ongoing rate of the Money Market Account is 1.26% APY, which is still higher than most savings account rates. Check out my post on how to open an EverBank Savings Account for details on account opening process.

EverBank’s FreeNet Checking Account is one of the best interest checking accounts out there. The Checking Account has exactly the same bonus rate as the Money Market Account and requires the same amount of minimum deposit to open an account. After the 3-month bonus rate period, the ongoing rate is tiered: $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. You can find more about the account in my EverBank FreeNet Checking Account review post.

Update: This offer has expired. Check out other EverBank promotions.

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