I understand the argument of low MM or CD returns vs. inflation, but you have to then ask what the alternative is.
Compared to sitting idle in a 0% checking account 5% isn’t bad. Compared to 10%/yr on stocks it is worse, but there’s normally more risk in that, and in today’s market nothing is guaranteed. My CU has a tenure based 5.75 APY on a 4-month where I just put some money. That’s better than Countrywide.
As far as Everbank, someone else on here had a bad experience with them. JWM, have you had any issues with them?