TIAA Bank / Everbank
Analysis
Written by 
Edited by General
Everbank is a Jacksonville, Florida-based bank with an extensive presence online.
Advantages
- The bank offers moderately competitive online savings and CD products, and has access to a large ATM network nationwide. The bank also offers other products that should be avoided.
Disadvantages
- Prior to and around the time of the financial crisis, Everbank offered foreign currency CD products, including products that were as esoteric as Iceland Krona CDs. These products were sold without meeting regulatory requirements and EverBank's brand was heavily damaged.
- After its acquisition by TIAA, the online bank was rebranded. Once it was discovered that TIAA is a contaminated brand, the bank was rebranded as EverBank.
- Customer service has always been considered very poor and there remains a large pool of depositors who were duped into their products years ago.
Savings Fees
| Fee Type | |
|---|---|
| Non Sufficient Funds | $0.00 |
| Maintenance | $0.00 |
| Out-of-network ATM | $0.00 |
| Excessive Transaction | $0.00 |
| Incoming Wires | $0.00 |
TIAA Bank / Everbank Reviews
redstate jeff
October 29, 2024 |
Same ole Neverbank. They changed the name and then changed it back but nothing has changed in 20 years. First they loop you in to some sort of teaser rate (now it is 5.05%, but it has been lower). Then they tell you that you don't really qualify for the rate so you are earning some lower rate (now it is 4%). I went through this nonsense years ago, but was eager to do business with a Jacksonville, FL bank again (I leave here). I got fooled again. Don't be a red state fool like red state Jeff and stay away. Jeff.
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