- Get our 1% pricing advantageHere, you’ll be able to purchase metals at a price that’s no more than 1% over the prices available to us.2
- Choose from gold, silver, platinum, and palladium
- Automatic purchase plans available3
- Storage and delivery options available for coins and bars (fees apply)
Metals Select accounts are not deposit accounts; therefore, they are not FDIC insured.
With an allocated account, you purchase specific types of coins or bars of precious metal, which we can then store for you or ship to you (fees apply for storage and shipping). If we store your allocated account precious metals for you, they are in a secure vault, and you can always request that we deliver your specific type of coins or bars to you.
With an unallocated account, you do not purchase any specific coins or bars, or own any particular piece of physical metal. Instead, with each unallocated purchase, actual physical metal (in the form of bullion, coins, or bars) is added to the pool of other physical metals that other EverBank unallocated account holders own and that we securely store in a vault. You may move from an unallocated account to an allocated account at any time (fabrication and storage/delivery costs will apply).
Yes, the physical metal in your unallocated account is stored by us in a secure vault. Because it is an unallocated account, the metal is part of the pool of physical metals that other EverBank unallocated account holders own, meaning there is no specific coin, bar, or piece of bullion within that pool that is yours. If you would like a specific coin or bar, or would like to take delivery of physical metal, you must open an allocated account.
Yes, in order to purchase precious metals from us, you must open a World Markets portfolio.
With both a Metals Select allocated and unallocated account, you can purchase gold, silver, platinum, and palladium.
Currently, all of our Metals Select allocated coins are IRA eligible, except for the Gold South African Krugerrands. Please note that with a Metals Select IRA, we must store the coins for you.
Yes, you can lose money and a Metals Select account is not FDIC insured, nor is it principal protected. Please see the Account Terms, Disclosures and Agreement Booklet for additional information on the risks associated with Metals Select accounts.
Information to keep in mind
Metals Select® products:
Are Not FDIC InsuredAre Not Bank or Government GuaranteedAre Not DepositsMay Lose ValuePurchasing or owning metals involves degrees of risk that make them unsuitable for certain individuals. You should carefully consider the suitability of such metals before making any decision. Metals Select transactions will not occur until your account is approved and sufficient funds are available. Please refer to the Specific Terms - Metals Select Accounts section in the Account Terms, Disclosures and Agreements Booklet for additional information.
When selling or purchasing metals to or from you, we will offer a Customer Price that is within 1% of the Wholesale Price. The Wholesale Price is the price at which we determine we are able to buy or sell metals at a specific point in time. Exceptions may occur if we agree in our sole discretion to lock in your price before the transaction. The Wholesale Price is determined by us on a transaction-by-transaction basis and varies with the applicable wholesale trading market. Wholesale Prices are not published or publicly available. For more information about our precious metals pricing, please see the Specific Terms - Metals Select® Accounts section in the Account Terms, Disclosures and Agreements Booklet.
We reserve the right to terminate the Automatic Purchase Plan or your involvement in the Automatic Purchase Plan at any time, for any reason, including but not limited to overdrafts of your companion cash management account.
