u/jacksmellsdotcom

I am 18 years old and will be heading to college in a few months. Last year I had my parents open me an account at EverBank, as they had a 4.3% (I think) APY. It also was attractive to me because they have brick and mortar locations where I live (Florida). However, they ended up dropping their rate down to 3.9%, so I decided to switch to PiBank. They had a 4.6% APY, so it felt like a no-brainer. However, now their rate has dropped down to 4.1%. And, when I check my EverBank account (I’m still in process of moving money to PiBank), it says my APY is 3.45%.

Here’s what I have as the pros and cons for each one:

EverBank:
Pros: ACH transfers, can visit brick and mortar locations, can access on computer
Cons: Lower APY

PiBank:
Pros: Higher APY
Cons: App only (glitchy), can only transfer out via wire (my receiving banks charge fees)

What do you guys think is best? I’m leaning towards going back to EverBank because of ACH transfers and physical locations, but it would kinda suck getting less money. Thank you!

Update: I've decided to send my money back to Everbank.

I was planning on using the free score send to send in my AP scores to UCF, but I will be attending orientation before scores for this year are released (so presumably before my previous scores are sent as well). Should I pay the $15 to send in my previous scores before orientation or is it fine if I just wait for the free score send? Thanks.