[Targeted] EverBank $600 Yield Pledge Checking Bonus For Existing Customers

Offer at a glance

• Maximum bonus amount: $600
• Availability: Nationwide
• Deposit Required: $10,000-$250,000
• APY: Up To 1.11% APY
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: None
• Early account termination fee: None
• Expiration date: November 30th, 2016

The Offer

No direct link

• Some EverBank existing customers have been targeted for a bonus of up to $600 when they deposit new funds and maintain the minimum balance requirement until Feburary, 2017. The bonus you receive is tied to the amount you deposit:
  • Deposit $10,000, get $35
  • Deposit $25,000, get $65
  • Deposit $50,000, get $125
  • Deposit $75,000, get $200
  • Deposit $200,000, get $525
  • Deposit $250,000, get $600

The Fine Print

• This is a targeted offer, you must have been targeted to be eligible. If anybody received the e-mail subject lines:
  • <name>, Don’t Miss Out On Up To $600 Cash.
  • <name>, Last Chance to Get Up to $600 Cash.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

There is no monthly fee or early account termination fee.

Our Verdict

This account has a 1.11% APY for the first year, that drops to 0.61% on the first $100,000 after that introductory rate runs out. You’ll need to have the funds invested for ~3 months to get this bonus, this works out to be an additional APY of ~1% so if you still have the introductory APY it might be worth adding some additional funds but there are other basic savings accounts that offer up to 1.25% APY that might be better options if that introductory period has ended for you. We won’t be adding this to our list of the best saving bonuses due to it’s targeted nature.

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• A Beginners Guide To Bank Account Bonuses
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• Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
• What Banks & Credit Unions Do/Don’t Pull ChexSystems?
• How To Use Our Direct Deposit Page For Bank Bonuses Page
• Common Bank Bonus Misconceptions + Why You Should Give Them A Go
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