EverBank Increases Intro Rate on FreeNet Checking Account and Yield Pledge Money...

EverBank Increases Intro Rate on FreeNet Checking Account and Yield Pledge
Money Market Account to 4.76% APY

JACKSONVILLE, Fla., July 7 /PRNewswire/ -- EverBank(R) announced today rate
increases on their high-interest checking and money market accounts. Intro
rates for FreeNet Checking and Yield Pledge Money Market accounts rose to
4.76% APY, with top tier rates increasing to 3.51% APY for deposits over
$100,000.

"EverBank continues to see significant growth in its award-winning checking,
savings and WorldCurrency(SM) accounts," stated Frank Trotter, President of
EverBank Direct. "Our exclusive Rate Pledgex means that EverBank always
provides top values to our clients nationwide, and with the rise in the
introductory rate we wanted to show more customers about EverBank. Saving
money is easy in our Yield Pledge Money Market account and earning high rates
on a full featured FreeNet checking account is an obvious choice," continued
Trotter.

EverBank reported first-quarter net income of $10.2 million, compared to $9.8
million in the fourth quarter and $8.0 million in the first quarter of 2007.
This increase in net income represents 5 percent and 29 percent growth over
the fourth and first quarters of 2007, respectively. The company's balanced
mortgage banking and deposit banking platforms provide diverse revenue streams
with proven success in a variety of market conditions. As of March 31, 2008,
the company has over $5.9 billion in assets and over $3.9 billion in deposits.
For more information on the EverBank Family of Companies, log on to
EverBank.com.

EverBank Financial Corp is a private financial services holding company
headquartered in Jacksonville, Florida. With approximately $5.7 billion in
assets, over 1,600 employees, and over 450,000 customers nationwide, EverBank
is one of the industry's fastest growing, high performing financial service
firms.

EverBank provides national banking and lending products directly to consumers
and through a variety of business partners. EverBank has received numerous
awards including Forbes and Online Banking Report's "Best of the Web,"
Kiplinger's Personal Finance magazine's "Best Checking Account" as well as
other servicing, banking, and technology honors.

EverBank, the EverBank Infinity Sphere and the EverBank logo are proprietary
service marks of EverBank. All rights reserved.

The introductory 4.76% annual percentage yield (APY) on EverBank's FreeNet
Checking Account is current as of 7/4/200812:00:00 AM and will apply to the
first $100,000 on deposit for the first three months after account opening,
and may change at any time prior to account opening.

During the three-month period after account opening, the introductory yield
will be applied to the first $100,000 in your account and a 3.51% APY will
apply on any balance over $100,000. This corresponds to a blended APY for the
12 month period after the account is opened for funds up to $100,000, based on
our current ongoing yield, the current introductory yield and the average
collected daily balance on your account, as follows: $50,000 - $100,000,
3.59%; $25,000 - $49,999, 3.29%, $10,000 - $24,999, 3.06%, and under $10,000,
2.87%. This is a tiered, variable rate account and any of the rates may change
at any time without notice. This introductory APY offer is available to
first-time EverBank account holders only and is limited to one account per
household. Minimum opening deposit of $1,500 is required.

The introductory 4.76% annual percentage yield (APY) on EverBank's Yield
Pledge Money Market Account is current as of 7/4/200812:00:00 AM and will
apply to the first $50,000 on deposit for the first three months after account
opening, and may change at any time prior to account opening. During the
three-month period after account opening, the introductory yield will be
applied to the first $50,000 in your account and a 3.51% APY will apply on any
balance over $50,000. The current APY without this introductory offer will be
the applicable ongoing yield based on the average collected daily balance on
your account, currently 3.51% APY as of 7/4/200812:00:00 AM. This corresponds
to a blended APY for the 12 month period after the account is opened for funds
up to $50,000, based on our current ongoing yield, the current introductory
yield, and the average collected daily balance on your account, of 3.82%. This
rate is variable and may change at any time without notice.

Fees may reduce earnings. This introductory APY offer is available to
first-time EverBank account holders only and is limited to one account per
household. Minimum opening deposit of $1,500 is required. In any month that
your average daily balance falls below $1,500, a $4.95 monthly fee applies.

SOURCE EverBank

Peter Robbio (ext. 116), or Kari Scott (ext. 128), +1-703-683-5004, both for
EverBank