Everbank is paying savers 1.25% APY on its checking account for 6 months – after the bank recently upgraded its rate from 1.05% APY.
Called Yield Pledge Checking Account, it requires savers to make a deposit of $1,500 minimum. This is only to open the account, not for availing the rate. Balances up to $100,000 will earn 1.25% APY, but those exceeding it will get only 0.76% APY.
