5.25% APY
Annual Percentage Yield

Our High-Yield Online Savings Account is the smart choice for anyone looking to grow their savings and achieve financial stability. Start your journey to financial success today by opening an account with us!

Open in Minutes

Benefits of our High-Yield Online Savings Account

  • Earn more interest on your savings
  • Manage your account anytime, anywhere
  • Simple external transfers
  • Interest compounded daily
  • No monthly maintenance fees
  • Member FDIC

Key Features

  • Competitive Rate
  • Easy Online Opening
  • Your Money's Safe
  • No Monthly Fees
Balance Minimum Deposit to Open Interest Rate APY*
0 to $1,000,000.00 $100 5.12% 5.25%
$1,000,000.01+ $100 0.00% 0.00%

*Annual Percentage Yield

This is a variable rate account; rates may change after account is opened. Fees may reduce earnings. Accurate as of 6/1/2024. Member FDIC.

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Frequently Asked Questions

What is a high-yield online savings account?

A high-yield online savings account is a savings account with a higher interest rate than traditional savings accounts and must be opened online.

In savings accounts, interest is the amount of money you earn for leaving your money deposited with a bank. It’s typically expressed as an Annual Percentage Yield (APY), which is the amount of interest you could earn over a year, assuming that funds are not added or withdrawn. APY accounts for compound interest, which is effectively making money on your money. The more often the interest compounds, the more money you could earn.

What are the benefits of an Evergreen Bank Group High-Yield Online Savings Account?

An Evergreen Bank Group High-Yield Online Savings Account has a competitive rate, no monthly maintenance fees, interest compounded daily, $100 minimum to open, and FDIC insurance up to the maximum allowed by law.

It takes less than 3 minutes to open online. Click here to start the process today!

What are the best ways to use a high-yield online savings account?

High-yield savings accounts are great for short and long-term goals. Create an emergency fund and save for upcoming vacations, purchases, or unexpected bills. This type of account offers both growth and easy access to your money when needed.

Utilize the account for long-term objectives such as home purchases or retirement planning.

What is the best high-yield online savings account?

The best high-yield savings account is the one that best fits your financial goals. Here are a few things to consider:

  • Is the account FDIC insured?
  • Is the APY competitive?
  • How frequently is interest compounded?
  • What is the minimum balance or minimum opening deposit?

How do I fund my Evergreen Bank Group High-Yield Online Savings Account?

To fund your Evergreen Bank Group High-Yield Online Savings Account, you can use the following methods:

  • ACH from an internal/external account
  • Debit Card

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For more Digital Banking information, click here. For other Frequently Asked Questions, click here.

What people are saying

  • “Evergreen Bank has been an amazing partner in the expansion of our family run business. Their commercial loan department really understands our industry and has exceeded all of our expectations to grow our business.”

    FG, Illinois

  • “This financial institution, and the dedicated culture of outstanding customer service it upholds, makes banking an enjoyable as well as rewarding experience because they usually have the best interest rates I can find.”

    MF, Chicago, IL

More Testimonials
Evergreen Free Rewards CalculatorDisclaimer

Use this calculator to determine your projected earnings from our Evergreen Free Rewards account. Move the sliders or type in the numbers to see your potential rewards.

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  • Estimated monthly interest earned* $0
  • Monthly ATM fees refunded**$0
Buy vs. Lease CalculatorDisclaimer

This calculator compares the costs of buying or leasing a vehicle. There are three sections to complete, and you can adjust and experiment with different scenarios.

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CD CalculatorDisclaimer

A fixed-rate, fixed-term CD can earn higher returns than a standard savings account. Use this calculator to get an estimate of your earnings. Move the sliders or type in numbers to get started.

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  • Total interest earned $0
  • Annual Percentage Yield (APY)0.000%
Savings Goal CalculatorDisclaimer

Whether it's a down payment, college, a dream vacation...a savings plan can help you reach your goal. Use the sliders to experiment based on length of time and amount per month.

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Simple Loan CalculatorDisclaimer

This calculator can help you get a general idea of monthly payments to expect for a simple loan. Move the sliders or type in numbers to get started.

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  • Total paid $0
  • Total interest paid $0

80% Combined Loan to Value Program - Single Family and Condominium

Combined Loan to Value: up to 80% Maximum Loan Amount $175,000

Amount Interest Rate (Prime 8.50%) APR* 
$100,000 to $175,000 Prime + .00% to Prime + 1.00% 8.50% to 9.50%
Up to $99,999 Prime + .25% to Prime + 1.25% 8.75% to 9.75%

 

Note: Rates are based on loan amounts, credit qualifications and FICO scores.

Payment examples:

APR (Annual Percentage Rate) based on your combined loan-to-value (CLTV), your approved line amount, and credit criteria, and will range from a variable APR of Prime + .00% to Prime + 1.25%, subject to change with Prime. As of today, the Prime Rate is 8.50%. The 'ceiling' is 19.90%. No discount rate programs or promotions apply. Rates are variable and may increase after consummation. The floor rate is the minimum rate you may be charged on the line of credit. Your rate may never go below the floor rate, regardless of the index + margin rate.

80% Combined Loan to Value Program

If you had an outstanding balance of $10,000, during the draw period the minimum payment at the maximum Annual Percentage Rate of 19.90% would be $169.01, during the repayment period on a balance of $10,000 the minimum payment at the maximum Annual Percentage Rate of 19.90% would be $192.58. Annual Percentage Rate varies based on maximum loan to value 80%, owner-occupied properties, depending upon your commitment amount and credit qualifications.

85% Combined Loan to Value Program - Single Family and Condominium

Combined Loan to Value: 80.01% - 85% Maximum Loan Amount $125,000 (80% when 1st Mortgage Exceeds $1,000,000)

Amount Interest Rate (Prime 8.50%) APR*
$50,000 to $125,000 Prime + .75% to Prime + 1.75% 9.25% to 10.25%
Up to $49,999 Prime + 1.00% to Prime + 2.00% 9.50% to 10.50%

Note: Rates are based on loan amounts, credit qualifications and FICO scores.

Payment examples:

APR (Annual Percentage Rate) based on your combined loan-to-value (CLTV), your approved line amount, and credit criteria, and will range from a variable APR of Prime + .75% to Prime + 2.00%, subject to change with Prime. As of today, the Prime Rate is 8.50%. The the 'ceiling' is 19.90%. No discount rate programs or promotions apply. Rates are variable and may increase after consummation. The floor rate is the minimum rate you may be charged on the line of credit. Your rate may never go below the floor rate, regardless of the index + margin rate.

85% Combined Loan to Value Program

If you had an outstanding balance of $10,000, during the draw period the minimum payment at the maximum Annual Percentage Rate of 19.90% would be $169.01, during the repayment period on a balance of $10,000 the minimum payment at the maximum Annual Percentage Rate of 19.90% would be $192.58. Annual Percentage Rate varies based on maximum loan to value 85%, owner-occupied properties, depending upon your commitment amount and credit qualifications.

90% Combined Loan to Value Program - Single Family and Condominium

Combined Loan to Value: 85.01% - 90% Maximum Loan Amount $100,000

Amount Interest Rate (Prime 8.50%) APR* 
$50,000 to $100,000 Prime + 1.25% to Prime + 2.25% 9.75% to 10.75%
Up to $49,999 Prime + 1.50% to Prime + 2.50% 10.00% to 11.00%

Note: Rates are based on loan amounts, credit qualifications and FICO scores.

Payment examples:

APR (Annual Percentage Rate) based on your combined loan-to-value (CLTV), your approved line amount, and credit criteria, and will range from a variable APR of Prime + 1.25% to Prime + 2.50%, subject to change with Prime. As of today, the Prime Rate is 8.50%. The 'ceiling' is 19.90%. No discount rate programs or promotions apply. Rates are variable and may increase after consummation. The floor rate is the minimum rate you may be charged on the line of credit. Your rate may never go below the floor rate, regardless of the index + margin rate.

90% Combined Loan to Value Program

If you had an outstanding balance of $10,000, during the draw period the minimum payment at the maximum Annual Percentage Rate of 19.90% would be $169.01, during the repayment period on a balance of $10,000 the minimum payment at the maximum Annual Percentage Rate of 19.90% would be $192.58. Annual Percentage Rate varies based on maximum loan to value 90%, owner-occupied properties, depending upon your commitment amount and credit qualifications.

Business Money Market

Minimum Balance to Obtain APY Minimum Deposit to Open Interest Rate APY*
$2,500 $2,500 0.30% 0.30%
$10,000 $2,500 0.40% 0.40%
$25,000 $2,500 0.50% 0.50%
$100,000 $2,500 0.60% 0.60%

Certificates of Deposit (CDs)

These are our most popular terms. These are fixed rate. Additional options are offered. Please call or visit one of our bankers today for the full listing of all our current CD rates and terms.

Term Minimum Deposit to Open Interest Rate APY*
*Special* 7-Month $10,000.00 4.91% 5.00%
3-5 Month $500.00 2.97% 3.00%
6-8 Month $500.00 4.76% 4.85%
9-Month $500.00 4.72% 4.80%
11-12 Month $500.00 4.67% 4.75%
13-Month $500.00 4.62% 4.70%
15-Month $500.00 4.57% 4.65%
17-18 Month $500.00 4.52% 4.60%
19-20 Month $500.00 4.13% 4.20%
23-Month $500.00 4.131% 4.20%
24-Month $500.00 4.14% 4.20%
29-60 Month $500.00 3.94% 4.00%

Penalty for early withdrawal

Cornerstone Money Market

Minimum Balance to Obtain APY Minimum Deposit to Open Interest Rate APY*
$2,500 $2,500 0.30% 0.30%
$10,000 $2,500 0.40% 0.40%
$25,000 $2,500 0.50% 0.50%

Evergreen Free Linked Saver

Balance Minimum Deposit to Open Interest Rate APY*
0 to $100,000 $100 1.98% 2.00%
$100,000+ $100 0.25% 2.00% to 1.12%
All balances if qualifications not met $100 0.05% 0.05%

Easily Qualify For The Higher Rate

Qualifying for your Free Rewards Checking or Free Cash Back rewards automatically qualifies you for the highest Free Linked Saver rate, too. Enrollments must be in place and all of the following transactions and activities must post and settle to your Free Rewards or Free Cash Back account during each Monthly Qualification Cycle:

  • At least 12 debit card purchases
  • Be enrolled in and agree to receive eStatements

That's it. Even if you don't meet your qualifications during the cycle, your Free Rewards accounts are still free. Plus, you'll still earn our base interest rate on Free Linked Saver. And you can get right back to earning your full rewards the very next month!

Evergreen Free Rewards

Balance Minimum Deposit to Open Interest Rate APY*
0 to $25,000 $100 3.93% 4.00%
$25,000+ $100 0.25% 4.00% to 1.00%
All balances if qualifications not met $100 0.05% 0.05%

Easily Qualify For Your Rewards

Enrollments must be in place and all of the following transactions and activities must post and settle to your Free Rewards account during each Monthly Qualification Cycle:

  • At least 12 debit card purchases
  • Be enrolled in and agree to receive eStatements

That's it. Even if you don't meet your qualifications during the cycle, your Free Rewards account is still free. Plus, you'll still earn our base interest rate. And you can get right back to earning your full rewards the very next month!

IRA Certificates of Deposit (CDs)

These are our most popular terms. These are fixed rate. Additional options are offered. Please call or visit one of our bankers today for the full listing of all our current CD rates and terms.

Term Minimum Deposit to Open Interest Rate APY*
*Special* 7-Month $10,000.00 4.91% 5.00%
3-5 Month $500.00 2.97% 3.00%
6-8 Month $500.00 4.76% 4.85%
9-Month $500.00 4.72% 4.80%
11-12 Month $500.00 4.67% 4.75%
13-Month $500.00 4.62% 4.70%
15-Month $500.00 4.57% 4.65%
17-18 Month $500.00 4.52% 4.60%
19-20 Month $500.00 4.13% 4.20%
23-Month $500.00 4.131% 4.20%
24-Month $500.00 4.14% 4.20%
29-60 Month $500.00 3.94% 4.00%

Penalty for early withdrawal

Savings Accounts

Account Minimum Deposit to Open Interest Rate APY*
High-Yield Online Savings $100 5.12% 5.25%**
Statement Savings $100 0.35% 0.35%
Kids Statement Savings $10 0.35% 0.35%
Christmas Club $10 0.35% 0.35%
Business Savings $500 0.35% 0.35%

**On balances up to $1,000,000. Balances over $1,000,000 will receive an interest rate of 0.00%

Vehicle Loans

Type Term APR* Payment Examples
(based on a $10,000.00 loan)
New Car up to 60 months 8.49% $205.12
New Car 61 to 72 months 8.99% $180.21
Used Car up to 60 months 8.49% $205.12
Used Car 61 to 72 months 8.99% $180.21
New Motorcycle up to 60 months 9.99% $212.42
New Motorcycle 61 to 72 months 10.49% $187.74

All annual percentage rates are accurate as of 6/1/2024 and are subject to change at any time.

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