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Offer Details: The special 3.50% APY (annual percentage yield) is current as of 3/1/2005 and may change at any time prior to account opening. The introductory APY will apply for 3 months after account opening. The current APY as of 3/1/2005 without this special offer will be the applicable ongoing rate based on the average collected daily balance on your account and may vary after account opening. During the introductory rate period, the special introductory rate will be applied to the first $100,000 in your account and any balance above $100,000 will receive the applicable ongoing rate, based on the average collected daily balance on your account. This is a tiered rate account. Your ongoing interest rate will be determined by the average collected daily balance of your account, as indicated above. Any rate or any tier may change at any time without notice. Fees may reduce earnings. The special APY offer is good for new customers of EverBank’s National Banking Group only, and only one account per household may obtain this special APY. This account is only available through EverBank’s National Banking Group and cannot be obtained through any other division of EverBank.
The full APY is paid monthly, and there is no monthly maintenance fee for the FreeNet Checking Account. The FreeNet Checking Account offers optional Web Bill Paying. The optional Web Bill Paying service is available for no fee when you maintain the minimum average daily balance for the month of at least $1,500; otherwise a $4.95 monthly fee is assessed for this service. Banking services are provided by EverBank’s National Banking Group. As such, your deposits with EverBank’s National Banking Group are combined with any you may hold at any other EverBank division for the purposes of calculating the $100,000 limit on FDIC coverage.