Business Savings Account in EverBank
Business Savings Account at EverBank
Grow your company’s cash with confidence. The EverBank Business Savings Account is designed for small and medium enterprises, startups, and nonprofit organizations seeking a secure, high-yield place to park operating reserves, tax funds, payroll float, or strategic savings. It combines competitive interest rates, straightforward account management, and the stability of a reputable banking partner to help you maximize returns while keeping liquidity and control.
Why choose EverBank Business Savings?
- Competitive interest rates that compound daily and are credited monthly, helping your idle cash work harder without additional effort.
- Flexible access to funds — transfer to checking, request withdrawals, or link multiple business accounts for seamless cash management.
- Low fees and transparent pricing — clear fee schedule with options to avoid common maintenance fees when minimum balance or activity requirements are met.
- Business-focused service with dedicated support, online and mobile banking tools, and treasury features tailored to company needs.
- Security and compliance — FDIC insurance up to applicable limits and robust fraud protection systems to safeguard your business funds.
Key features
- Tiered interest structure — earn higher rates as balances grow; ideal for companies that maintain rolling reserves or accumulate funds for future investments.
- Daily compounded interest — boosts effective yield compared with monthly compounding alternatives.
- Online & mobile access — full account management, balance alerts, statements, and internal transfers from your phone or desktop.
- Linked account transfer — instant or same-day transfers to EverBank business checking accounts for payroll and payments.
- Multiple signers and permissions — configure user roles so the right people can view or transact on the account without compromising control.
- Automated sweep options — set rules to sweep excess funds into the savings account or move cash out to cover payroll.
Benefits for businesses
Whether you’re optimizing working capital or building a reserve fund, the EverBank Business Savings Account is crafted to support operational flexibility and financial discipline. Benefits include:
- Improved cash efficiency: Earn interest on balances that would otherwise sit idle in a non-interest-bearing account.
- Better forecasting: Transparent statements and easy reporting make month-end reconciliation and cash forecasting faster.
- Reduced banking complexity: Consolidate deposits, invest surplus cash, and manage disbursements from one trusted provider.
- Peace of mind: FDIC insurance and enterprise-grade security help protect business assets from unforeseen events.
Who it’s best for
EverBank Business Savings is ideal for:
- Small and medium enterprises that want to earn yield on operating reserves.
- Startups with runway management needs and a focus on capital preservation.
- Nonprofits and associations managing restricted funds, grants, or contingency reserves.
- Professional service firms, retail businesses, and e-commerce operations with seasonal cash flow cycles.
Rates, fees and minimums
EverBank offers a tiered interest schedule so higher balances receive higher rates. Fees and minimum balance requirements vary by account package — many clients avoid monthly maintenance fees by maintaining a modest daily balance or linking to an EverBank business checking account. For the latest APY, fee schedule, and tier thresholds, please consult the official rate sheet or speak with an EverBank business representative.
How to open an account
- Collect your business documentation: EIN or tax ID, formation documents (LLC, corporation, partnership agreement), and IDs for authorized signers.
- Complete the online application or schedule a meeting with a business banker at your convenience.
- Fund the account by ACH, wire, or check to activate your benefits and begin earning interest.
Security and service
EverBank employs multi-layered security protocols, including encryption, multi-factor authentication, fraud monitoring, and account alerts to protect your funds and data. Business clients receive access to dedicated support teams who understand company cash flow needs and can recommend solutions such as sweep programs, treasury services, and merchant processing integrations.
Common questions
Can I link multiple checking accounts? Yes — you can link and transfer funds between eligible EverBank accounts to streamline payroll and payments.
Are there limits on withdrawals? Transaction limits may apply under federal regulations for certain types of withdrawals; your banker can explain current limits and business-friendly workarounds.
Is my deposit insured? Yes — deposits are eligible for FDIC insurance up to applicable limits when held in insured accounts.
Get started
Open an EverBank Business Savings Account today to start earning more on your idle cash without sacrificing accessibility or control. Contact an EverBank business specialist for a personalized rate quote, tailored account structure, and assistance with paperwork and setup.
EverBank — where strategic savings meet business-minded banking.
Address Bank: EverBank Plaza 301 W Bay St Jacksonville, Florida, U.S.
Bank: EverBank
Headquarters: Jacksonville, Florida
Products: Deposit Accounts
Type: Business Savings Account
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