EverBank Performance CD

EverBank, the former TIAA Bank, sells one retail CD line called the Performance CD. There is no product named the EverBank Basic CD any more. Performance CDs need $1,000 to open, charge no monthly maintenance fee, and compound interest daily. The CD page lists 13 terms. As of October 9, 2026, the date EverBank states on its page, the 24 month term pays 4.35% APY and the 13 month term pays 4.10%. The other terms pay 3.65% or less: the 25 month term pays 3.65%, the 3 month, 6 month and 7 month terms pay 3.60%, the 12 month term pays 3.50%, and the 9, 18, 30, 36, 48 and 60 month terms pay a flat 3.40%. EverBank prices two terms well above the rest, which is why this page tracks the 24 month term. EverBank's own Performance Savings account pays 4.20% APY on all balances for new accounts (variable rate), above every EverBank CD except the 24 month one. The fine print on the special terms matters. EverBank flags the 7, 13 and 25 month terms as automatically renewing into a 6, 12 and 24 month CD at maturity, not into the same term, so the rate does not repeat unless you intervene. Today the 6 month CD pays the same 3.60% as the 7 month, but the 12 month pays 3.50% against 4.10% on the 13 month, and the 24 month pays 4.35% against 3.65% on the 25 month. You get a 10 business day grace period after maturity to change instructions, and you can set or edit those instructions online any time up to 5 p.m. ET the business day before maturity. EverBank's CD page does not state early withdrawal penalty amounts, so read the CD disclosure before you open one. This works for someone who wants a defined lock of about two years at a $1,000 minimum and will set maturity instructions on day one rather than at maturity. Interest can be withdrawn if you elect that option at opening. Skip the 3 to 5 year terms, which pay 3.40% APY against 4.35% on the 24 month term, and be careful if you let CDs roll: the 7, 13 and 25 month terms renew into a different term, which may pay a different rate. If you want to compare against a no lock option, EverBank's Performance Savings pays 4.20% APY (variable) for new accounts.