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Compare CD Rates & Fixed Deposits: EverBank vs Bank of America (2026)

EverBank VS Bank of America

Alex Parker, CFA

Senior Banking Editor

November 2, 2026

Bank of America vs EverBank: Overview & Banking Footprint

When comparing Bank of America and EverBank in the CD Rates & Fixed Deposits market, both financial institutions offer distinct advantages across interest rates, fee transparency, digital banking tools, and customer rewards.

Bank of America has built a reputation around consistent financial reliability and broad account servicing, while EverBank emphasizes competitive yields, low maintenance fees, and streamlined mobile account management across its CD Rates & Fixed Deposits lineup.

Interest Rates, APY/APR & Fee Structures Compared

Choosing between Bank of America and EverBank comes down to your personal financial priorities: annual percentage yields (APY), borrowing APRs, monthly fee waivers, ATM/branch convenience, and welcome bonuses. Reviewing each bank's specific aspect ratings below provides deeper insight into where each institution leads.

Pros & Cons Comparison

Bank of America

Established regulatory protection and deposit security
Comprehensive suite of CD Rates & Fixed Deposits options
Strong customer satisfaction and dispute support

EverBank

Competitive rate structure and low everyday account fees
Intuitive mobile app and fast digital onboarding
Attractive loyalty rewards and account perks

Final Verdict: Which Bank Should You Choose?

For customers who prioritize full-service relationship banking and established institutional reach, Bank of America is a standout choice. Conversely, if you are looking to maximize rates while minimizing monthly fees in CD Rates & Fixed Deposits, EverBank delivers a highly compelling value proposition.

Bank of America CD Rates & Fixed Deposits Overview

When evaluating Bank of America for CD Rates & Fixed Deposits, our financial analysts examined interest rates, annual and monthly fees, customer satisfaction scores, and digital banking tools.

Bank of America is one of the world's largest financial institutions, serving approximately 68 million consumer and small business clients with 3,800 retail financial centers and 15,000 ATMs. Its standout Preferred Rewards program boosts credit card cashback bonuses by 25% to 75% and reduces mortgage origination fees for clients who maintain qualifying balances across Bank of America and Merrill investment accounts.

EverBank CD Rates & Fixed Deposits Overview

When evaluating EverBank for CD Rates & Fixed Deposits in 2026, our financial analysts examined interest rates (4.75% - 5.05% APY), monthly maintenance fees, deposit insurance, and digital banking tools.

EverBank (formerly TIAA Bank) is a premier national direct bank delivering the Yield Pledge promise on its Performance Savings (5.05% APY), high-yield CDs, ATM-fee-reimbursed checking, and nationwide mortgages.

Key Highlights for CD Rates & Fixed Deposits:

5.05% APY on EverBank Performance Savings with $0 minimum opening deposit
No monthly maintenance fees on Performance Savings or Yield Pledge Checking
Unlimited nationwide ATM fee reimbursements with qualifying balance
Full suite of CDs, WorldCurrency deposits, residential mortgages, and commercial banking

EverBank vs Bank of America: Key Banking Specifications

Bank

Overall Rating

4.8

4.7

Savings APY / AER

4.75% - 5.05% APY

0.04% - 4.15% APY

Deposit Insurance

FDIC / NCUA Insured ($250k+)

FDIC Insured ($250k)

Official Site

Visit EverBank ↗

Visit Bank of America ↗

Aspect-by-Aspect Rating & Analysis (CD Rates & Fixed Deposits)

Overall

EverBank

8.9 / 10.0

EverBank scores 8.9/10 for Overall in CD Rates & Fixed Deposits, backed by 4.75% - 5.05% APY rates and transparent digital terms.

Bank of America

9.1 / 10.0

Bank of America performance in Overall for CD Rates & Fixed Deposits.

Comparing Bank of America and EverBank across Overall in CD Rates & Fixed Deposits provides crucial perspective for savers and borrowers deciding between two leading financial institutions. Bank of America combines broad institutional resources with dependable account servicing, while EverBank delivers agile digital features and competitive everyday terms.

Interest Rates & APY

EverBank

8.9 / 10.0

EverBank scores 8.9/10 for Interest Rates & APY in CD Rates & Fixed Deposits, backed by 4.75% - 5.05% APY rates and transparent digital terms.

Bank of America

9.0 / 10.0

Bank of America performance in Interest Rates & APY for CD Rates & Fixed Deposits.

Comparing interest rates and annual percentage yields (APY/APR) between Bank of America and EverBank in CD Rates & Fixed Deposits highlights how each institution structures returns for savers and borrowing costs for credit customers. Bank of America focuses on competitive relationship tiers and promotional intro periods, while EverBank emphasizes consistent everyday rate competitiveness across standard account balances.

Before applying, compare both the headline introductory APR/APY and the ongoing standard variable rate to ensure your CD Rates & Fixed Deposits account remains rewarding over the long term.

Fees & Minimums

EverBank

9.2 / 10.0

EverBank scores 9.2/10 for Fees & Minimums in CD Rates & Fixed Deposits, backed by 4.75% - 5.05% APY rates and transparent digital terms.

Bank of America

8.9 / 10.0

Bank of America performance in Fees & Minimums for CD Rates & Fixed Deposits.

Fee transparency and minimum balance thresholds are crucial when evaluating Bank of America versus EverBank for CD Rates & Fixed Deposits. Bank of America offers clear fee waiver pathways through qualifying direct deposits or combined relationship balances, whereas EverBank focuses on keeping monthly maintenance fees, overdraft charges, and foreign transaction costs to a minimum.

Customers who prefer zero-hurdle banking with $0 / £0 monthly maintenance requirements should weigh each bank's fee schedule against their typical monthly balance.

Customer Service

EverBank

8.6 / 10.0

EverBank scores 8.6/10 for Customer Service in CD Rates & Fixed Deposits, backed by 4.75% - 5.05% APY rates and transparent digital terms.

Bank of America

9.2 / 10.0

Bank of America performance in Customer Service for CD Rates & Fixed Deposits.

Customer service quality in CD Rates & Fixed Deposits reflects how effectively Bank of America and EverBank handle fraud alerts, billing disputes, and account inquiries. Bank of America backs its accounts with dedicated 24/7 telephone specialists and in-person branch advisors, while EverBank provides rapid in-app live chat support and streamlined digital dispute resolution.

Both institutions maintain strong satisfaction scores among account holders and provide full zero-liability fraud protection.

Mobile App & Digital Banking

EverBank

8.9 / 10.0

EverBank scores 8.9/10 for Mobile App & Digital Banking in CD Rates & Fixed Deposits, backed by 4.75% - 5.05% APY rates and transparent digital terms.

Bank of America

9.1 / 10.0

Bank of America performance in Mobile App & Digital Banking for CD Rates & Fixed Deposits.

Digital banking capabilities play a central role in managing CD Rates & Fixed Deposits with Bank of America and EverBank. Both banks deliver highly rated iOS and Android mobile apps featuring biometric authentication, instant card lock/unlock controls, mobile check deposit, and real-time transaction notifications.

Bank of America excels in comprehensive wealth and multi-account dashboards, while EverBank stands out for automated savings tools, credit score monitoring, and intuitive everyday navigation.

Rewards & Perks

EverBank

9.2 / 10.0

EverBank scores 9.2/10 for Rewards & Perks in CD Rates & Fixed Deposits, backed by 4.75% - 5.05% APY rates and transparent digital terms.

Bank of America

9.2 / 10.0

Bank of America performance in Rewards & Perks for CD Rates & Fixed Deposits.

When comparing rewards, welcome bonuses, and account perks in CD Rates & Fixed Deposits, Bank of America and EverBank cater to slightly different spending and saving habits. Bank of America emphasizes flexible points, travel protections, and relationship bonus multipliers, whereas EverBank focuses on straightforward flat-rate cashback, merchant offers, and fee rebates.

Matching your monthly spending categories and redemption preferences to each bank's loyalty ecosystem will maximize your annual return.

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