Tiaa Bank / Everbank
Online Savings Account - 5.05% APY

• The required minimum opening deposit is $25.
• For any month in which the account's average daily balance is below $25, a $5 fee applies.
• The minimum opening deposit requirement and monthly account fee are waived for residents of Rhode Island.
• No monthly account fee with minimum balance.
• Mobile check deposits.
• TIAA Bank does not charge its clients ATM fees at TIAA Bank or other financial institution ATMs.
• Automatically reimburse to the clients for other financial institution ATM fees on U.S. ATM transactions during any month that the average daily balance for the account is at least $5,000. For balances under $5,000, it will reimburse to the clients up to $15 in ATM fees monthly.


Fee and Feature Guide

Savings Account
Interest Rate
APY 5.05%
Minimum deposit amount $0.00
Maximum deposit amount $250,000.00
Balance Requirements
Minimum Opening Deposit $25.00
Minimum Balance to Avoid Fees $0.00
Minimum Required Balance $0.00
Minimum To Earn $0.00
Fees
Monthly Maintenance Fee N/A
Foreign ATM Fees N/A
Insufficient Funds Fee $30.00
Incoming Wires N/A
Statements
Paper Statements Yes
Online Statements Yes
Online and Telephone Banking
Online Banking Yes
Telephone Banking Yes
Mobile Banking Yes
Deposit Checks with Mobile Device Yes
Free Bill Pay Yes
Online Bill Payments Required Yes
Account Opening
Open Online Yes
Insured by F.D.I.C.


Pros

  • A recognized institution that was formed by the merger of an average online bank and the Teachers Insurance and Annuity Association of America.

Cons

  • Savings and CD rates are ordinarily not competitive.
  • Website is very weak.
  • Customer service is inaccessible and very poor.

Recent Rate Changes



Date APY
June 10, 2024 5.05%
December 5, 2023 5.15%
August 20, 2023 4.75%


Customer Reviews for TIAA Bank / Everbank (42)


  • October 29, 2024 |

    Online Savings Rates

    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.

  • July 26, 2024 |

    Online Savings Rates

    Easy to set up a new account with Everbank, unlike other banks posting high interest rates of this site. I currently have a CD and a savings account with them.

  • November 12, 2023 |

    This was terrible as Everbank. Then it was terrible as TIAA. Now it is terrible as Everbank again. Not sure where they are going with the branding, but still terrible. (Bestcashcow's system is forcing me to give it one-half star but it should be zero).

  • January 9, 2023 |

    Online Savings Rates

    TIAA stole money from university professors and staff and mismanaged assets so badly that a generation of people in academia were denied a comfortable retirement.

  • July 15, 2021

    Online Savings Rates

    I finally closed my account. Was great back in the day as everbank but now it is a joke in every way.


Add Your Review


or use your BestCashCow account

or