CD Review Bank: EverBank FDIC: Insured Last updated: 2026-10-15

EverBank CD Review (2026), The Yield-Pledged Online Bank, Reborn

Quick take: EverBank is the bank formerly known as TIAA Bank (sold by TIAA in 2023 to Sixth Street and Warburg Pincus). $40B in assets, FDIC cert #34775, full 3-month through 5-year CD curve (3.40-4.10% APY on September 25, 2026, best on the 7-month), $1,000 minimum, and the trademark Yield Pledge: a marketing promise to keep money-market rates in the top 5% of competitors. Solid all-around without leading the leaderboard.

At-a-glance · EverBank

APY Range

3.40%-4.10%

FDIC Cert

#34775

Bank Size

~$40B assets

Min Deposit

$1,000

Early-Withdrawal Penalty

22 days interest (3mo); 1.5% (1yr); 2.25% (3yr); 3% (5yr) of principal

EverBank CD rates

The dated rate table at the top of this page is the current sheet (DepositAccounts, September 25, 2026). Confirm current APYs directly with the bank before opening an account.

Who EverBank is today

EverBank, N.A. is a federally chartered savings bank with ~$40 billion in assets, headquartered in Jacksonville, Florida. The bank has roots going back to 1998 (originally Bank of Florida, then EverBank, then TIAA Bank from 2018-2023, now EverBank again).

The current owners, Sixth Street Partners and Warburg Pincus, took control in August 2023 when TIAA divested the bank to focus on its core annuity and retirement business. EverBank remains OCC-regulated, FDIC-insured, and well-capitalized.

What makes EverBank different

Two product features stand out:

Yield Pledge: EverBank publicly commits to keeping its money-market and CD rates in the top 5% of a defined competitor index. This is a marketing promise, not a contractual guarantee, but the bank has consistently delivered, rates rarely drop to the bottom of the pack.
Bump-Up CD: The 3-year Bump-Up CD gives you a one-time option during the term to request a rate increase if EverBank's then-current 3-year CD rate has risen. You start at a slightly lower rate (~4.05%) in exchange for the option. Useful in rising-rate environments.

EverBank also offers WorldCurrency CDs, foreign-currency-denominated CDs (Euro, GBP, Mexican Peso, etc.), but those are NOT FDIC-insured against currency loss. Most retirees should ignore them.

What we like about EverBank CDs

Full term curve (3-month through 5-year) makes laddering easy with one bank
Bump-Up CD adds optionality in a rising-rate environment
Yield Pledge keeps rates competitive over time, not just at promotion launch
FDIC cert #34775 has been continuous through TIAA Bank rebrand, no disruption to legacy customers
Solid mobile + web banking platform inherited from the EverBank-era build

What we don't

5-year rate (4.00%) is uncompetitive vs both top CD peers and 5-year MYGAs
Early-withdrawal penalty on the 5-year (3% of principal, not interest) is harsher than peers
Private-equity ownership (Sixth Street + Warburg Pincus) introduces governance change vs the TIAA era, no operational issues to date, but worth tracking
$1,000 minimum is higher than Quontic ($500) or Marcus ($500)
WorldCurrency CDs are visible in the product menu but are speculative products that don't belong in most retirement portfolios

How EverBank CDs compare vs peers

If this rate is on your shortlist, you should also be pricing (rates checked September 24, 2026):

Competitor	Term	APY
Synchrony Bank	5-year CD	4.35% APY
Marcus by Goldman Sachs	5-year CD	4.35% APY
Top A-rated MYGA carrier	5-year MYGA	5.50-6.05% guaranteed (public carrier rate sheets)

Internal benchmarks: Best 5-Year CD Rates 2026 · Best 1-Year CD Rates 2026 · Online vs Brick-and-Mortar CDs.

When a MYGA beats this EverBank CD

The 5-year is where EverBank gets beat. Compare $250,000 over 5 years (June 2026 rates, shown for illustration; A-rated 5-year MYGAs topped out around 5.50-6.05% on October 14, 2026, public carrier rate sheets):

EverBank 5-yr CD at 4.00%: $250,000 grows to $304,163 (taxable annually)
A-rated 5-yr MYGA at 5.50% (low end of the A-rated range on October 14, 2026, public carrier rate sheets): $250,000 grows to $326,740 (tax-deferred)
Pre-tax delta: $22,577 in favor of the MYGA

On top of the yield gap, the EverBank 5-year EWP is 3% of principal, $7,500 on a $250K break, vs a MYGA's declining surrender schedule (typically 7%, 6%, 5%, 4%, 3% by year). For 5-year money outside an IRA, the MYGA wins on both dimensions.

EverBank CD FAQ

Is EverBank the same as TIAA Bank?

Yes, same legal entity, FDIC cert #34775, rebranded back to EverBank in August 2023 after TIAA sold the bank to Sixth Street and Warburg Pincus.

Is EverBank FDIC insured?

Yes. Deposits are FDIC-insured up to $250,000 per depositor, per ownership category. FDIC cert #34775 has been continuous.

What's the Yield Pledge?

EverBank's public commitment to keep its money-market and CD rates in the top 5% of a defined competitor index. It's a marketing promise, not a contract right, but the bank has consistently delivered.

How does the Bump-Up CD work?

The 3-year Bump-Up CD lets you request a one-time rate bump to the then-current 3-year CD rate at any point during the term. You start at a lower rate (~4.05% vs 4.15% on the standard 3-year) in exchange for the option.

What are WorldCurrency CDs?

EverBank offers CDs denominated in foreign currencies (Euro, GBP, Mexican Peso, etc.). FDIC covers bank failure but NOT currency depreciation, if the dollar strengthens, you lose value. These are speculative products, not a core CD substitute.

What's the early-withdrawal penalty on a 5-year EverBank CD?

3% of the principal amount withdrawn. On a $250,000 break, that's $7,500, harsher than most peers which charge a months-of-interest penalty.

Does EverBank offer IRA CDs?

Yes. EverBank offers traditional and Roth IRA CDs across the same term curve as its taxable CDs. Same APYs apply.

My take

EverBank is a competent full-curve CD provider with two real differentiators: the Yield Pledge and the Bump-Up CD. The 1-year is mid-pack; the 5-year is genuinely weak vs MYGAs. If you want one bank for a full ladder and value the Bump-Up optionality, EverBank earns a spot on your shortlist. If you have 5-year money you don't need to touch, take the MYGA.

About Hans Goldstein: Independent retirement income specialist. CA Life License #4273294. NPN #20602398. Reviews 30+ carriers and tracks bank CD rates weekly. Phone: 213-414-2808. Email: hans@hansgoldstein.com.

Disclosure

This review reflects publicly available bank rate sheets and approximate APYs as of the date stated above. CD rates change frequently, sometimes weekly, and the rates above may be stale by the time you read this. Always confirm current rates and terms against the bank's current rate sheet and disclosure documents before opening an account. FDIC insurance covers $250,000 per depositor, per insured bank, per ownership category; deposits above that amount at a single bank are not insured. This article is general information for educational purposes; it is not personalized financial advice, a solicitation, or an offer of any specific product. Hans Goldstein is an independent licensed insurance producer (NPN 20602398) and is not a bank, deposit broker, or registered investment adviser. CDs are bank deposit products and are not sold by insurance producers; references to CDs are for comparison context only. MYGAs (multi-year guaranteed annuities) are insurance contracts, subject to surrender charges and state guaranty fund coverage rather than FDIC. Early withdrawal of a CD before the maturity date typically results in a penalty that may exceed interest earned. Always read the actual deposit account agreement and consult a licensed advisor before making material financial decisions.

Hans Goldstein is an Enrolled Agent, admitted to practice before the Internal Revenue Service. Not affiliated with or endorsed by the IRS. General education, not tax or legal advice for your situation.