Everbank has such an appealing first year rate. They will give you a 2.51% three month bonus rate and 1.77% APY thereafter up to $50,000. The 2.51%% rate beats all others and then the follow on rate helps keep the first year APY ahead of competitors. Everbank is FDIC insured, has been since 1998 (FDIC Cert. #34775), and they have one of the best rates available.

You may not have heard of Everbank before but they’ve been around for quite some time. They were named “Best of the Breed” by Money Magazine, “Best Checking Account” by Kiplinger’s Personal Finance with a yield that is 10 times the average account, and was even named “Best of the Web” by Forbes.com five years in a row. This isn’t a bank that popped up in the middle of the night, they have been around the block and proven themselves to be a reliable place to store your money (and a great place to earn above average interest).