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Tennessee CD Rates

Below are the best one year CD Rates from banks in Tennessee. One year CDs are usually the most popular term and offer a decent yield without having to lock-up money for an extended period of time. One year CD Rates are generally comparable to or a little higher than their savings and money market counterparts.

TN - April 29, 2016

1 Year CD National Average : 0.38% ?

Bank APY MIN MILES ?
Clayton Bank And Trust 1.20% $500 -
Clayton Bank And Trust 1.12% $1 -
First Advantage Bank 1.12% $5,000 -
Peoples State Bank Of Commerce 0.96% $100,000 -
Peoples State Bank Of Commerce 0.95% $1,000 -
Peoples Bank Of Middle Tennessee 0.90% $500 -
Southern Community Bank 0.75% $1,000 -
People's Bank And Trust Company Of Pickett County 0.75% $100,000 -
First Century Bank 0.75% $1,000 -
Farmer's And Merchants Bank 0.70% $100,000 -
Traditions First Bank 0.70% $1,000 -
Evolve Bank & Trust 0.70% $1,000 -
First Commerce Bank 0.70% $1,000 -
Banktennessee 0.65% $1,000 -
Citizens Savings Bank And Trust Company 0.65% $500 -
People's Bank And Trust Company Of Pickett County 0.65% $500 -
Union Bank 0.65% $100,000 -
Citizens Bank 0.65% $100,000 -
Tristar Bank 0.65% $1,000 -
Mckenzie Banking Company 0.60% $100,000 -
Southern Heritage Bank 0.60% $1,500 -
First South Bank 0.60% $1,000 -
First Jackson Bank, Inc. 0.60% $1,000 -
Farmer's And Merchants Bank 0.60% $500 -
Insbank 0.60% $2,500 -
Citizens Bank Of Lafayette 0.60% $100,000 -
Tristar Bank 0.60% $99,000 -
Sumner Bank & Trust 0.60% $1,000 -
Civic Bank & Trust 0.60% $100,000 -
Citizens Bank 0.60% $1,000 -
Franklin Synergy Bank 0.59% $1,000 -
First Farmers And Merchants Bank 0.55% $10,000 -
Commerce Union Bank 0.55% $1,000 -
Greenfield Banking Company 0.55% $1,000 -
Citizens Bank 0.55% $90,000 -
Bank Of Frankewing 0.55% $500 -
Union Bank 0.55% $2,500 -
Coffee County Bank 0.55% $100,000 -
Peoples Bank & Trust Company 0.51% $100,000 -
First Alliance Bank 0.51% $1,000 -
Heritage Bank Usa, Inc. 0.50% $1,000 -
Pinnacle Bank 0.50% $1,000 -
The First Bank And Trust Company 0.50% $500 -
Foothills Bank & Trust 0.50% $1,000 -
Bank Of Ripley 0.50% $1,000 -
Farmers Bank And Trust Company 0.50% $2,500 -
Planters Bank, Inc. 0.50% $2,500 -
Home Federal Bank Of Tennessee 0.50% $500 -
First Federal Bank 0.50% $500 -
The Bank Of Fayette County 0.50% $1,000 -
Newport Federal Bank 0.50% $1,000 -
The Lauderdale County Bank 0.50% $1,000 -
Clayton Bank And Trust 0.50% $500 -
Bank Of Crockett 0.50% $1,000 -
Carroll Bank And Trust 0.50% $500 -
National Bank Of Tennessee 0.50% $1,000 -
Citizens Bank Of Lafayette 0.50% $2,500 -
Bank Of Halls 0.50% $1,000 -
Citizens First Bank 0.50% $1,000 -
First Citizens National Bank 0.50% $1,000 -
Cumberland Bank And Trust 0.50% $1,000 -
Insouth Bank 0.50% $500 -
Citizens Bank 0.50% $1,000 -
Civic Bank & Trust 0.50% $5,000 -
Triumph Bank 0.46% $1,000 -
Community First Bank & Trust 0.46% $1,000 -
Trisummit Bank 0.45% $1,000 -
First Community Bank Of Bedford County 0.45% $1,000 -
Coffee County Bank 0.45% $1,000 -
Commercial Bank & Trust Co. 0.45% $1,000 -
Bank Of Lincoln County 0.45% $10,000 -
Peoples Bank & Trust Company 0.45% $10,000 -
Legends Bank 0.45% $2,500 -
Smartbank 0.45% $1,000 -
Security Bank 0.45% $1,000 -
Volunteer State Bank 0.45% $1,000 -
The Farmers Bank 0.45% $1,000 -
First Citizens National Bank 0.45% $500 -
Tennessee State Bank 0.45% $1,000 -
First Vision Bank Of Tennessee 0.45% $5,000 -
Community Bank 0.45% $100,000 -
The Bank Of Jackson 0.45% $1,000 -
F&m Bank 0.45% $1,000 -
American Patriot Bank 0.45% $1,000 -
The Farmers & Merchants Bank 0.45% $1,000 -
Mckenzie Banking Company 0.45% $500 -
First Advantage Bank 0.45% $2,500 -
First National Bank Of Pulaski 0.45% $10,000 -
The First National Bank Of Manchester 0.45% $2,500 -
Synovus Bank 0.43% $100,000 -
American City Bank Of Tullahoma 0.42% $500 -
American Trust Bank Of East Tennessee 0.41% $1,000 -
Apex Bank 0.40% $100 -
Citizens National Bank 0.40% $2,500 -
Community Trust & Banking Company 0.40% $1,000 -
Cedarstone Bank 0.40% $50,000 -
Sevier County Bank 0.40% $1,000 -
Reelfoot Bank 0.40% $1,000 -
First Freedom Bank 0.40% $500 -
Citizens Bank Of Blount County 0.40% $500 -
Patriot Bank 0.40% $1,000 -
Heritage Community Bank 0.40% $1,000 -
Security Federal Bank 0.40% $500 -
New Peoples Bank, Inc. 0.40% $500 -
Community Bank 0.35% $500 -
First Bank Of Tennessee 0.35% $500 -
Greeneville Federal Bank, Fsb 0.35% $1,000 -
Security Federal Savings Bank Of Mcminnville 0.35% $1,000 -
Cb&s Bank, Inc. 0.35% $1,000 -
Truxton Trust Company 0.35% $10,000 -
Bank Of Bartlett 0.35% $1,000 -
Firstbank 0.35% $500 -
Homeland Community Bank 0.35% $500 -
Andrew Johnson Bank 0.35% $1,000 -
Commercial Bank 0.35% $500 -
Miners Exchange Bank 0.35% $1,000 -
Citizens Bank And Trust Company Of Grainger County 0.35% $1,500 -
Civis Bank 0.35% $1,000 -
The Peoples Bank 0.35% $50,001 -
Simmons First National Bank 0.35% $500 -
Community Trust Bank, Inc. 0.34% $100,000 -
United Cumberland Bank 0.32% $1,000 -
First Community Bank Of The Heartland, Inc. 0.31% $500 -
Heritage Bank & Trust 0.31% $1,000 -
Elizabethton Federal Savings Bank 0.30% $500 -
Trupoint Bank 0.30% $1,000 -
Brighton Bank 0.30% $500 -
Highlands Union Bank 0.30% $500 -
Community National Bank 0.30% $500 -
The Peoples Bank 0.30% $1,000 -
Volunteer Federal Savings Bank 0.30% $500 -
Community Bank & Trust 0.30% $1,000 -
Citizens Bank 0.30% $1,000 -
First State Financial, Inc. 0.30% $1 -
Bank Of Putnam County 0.30% $500 -
Cedarstone Bank 0.30% $1,000 -
Citizens Bank 0.30% $1,000 -
The Fort Sill National Bank 0.30% $500 -
Paragon Bank 0.30% $1,000 -
Cumberland County Bank 0.30% $500 -
First Farmers & Commercial Bank 0.30% $500 -
Security Bank And Trust Company 0.30% $50,000 -
Ubank 0.30% $1,000 -
Cadence Bank, N.a. 0.30% $500 -
Southern Bank Of Tennessee 0.25% $1,000 -
Citizens Bank 0.25% $1,000 -
Highland Federal Savings And Loan Association 0.25% $500 -
Bancorpsouth Bank 0.25% $1,000 -
Republic Bank & Trust Company 0.25% $10,000 -
Security Bank And Trust Company 0.25% $1,000 -
Citizens Tri-county Bank 0.25% $500 -
Progressive Savings Bank 0.25% $1,000 -
First Peoples Bank Of Tennessee 0.25% $50,000 -
Citizens Bank 0.25% $5,000 -
Bank Of Tennessee 0.25% $500 -
Firstbank 0.25% $10,000 -
Tnbank 0.25% $1,000 -
Community Trust Bank, Inc. 0.24% $1 -
Renasant Bank 0.22% $1,000 -
Iberiabank 0.20% $1,000 -
Union Bank & Trust Company 0.20% $2,500 -
Independent Bank 0.20% $1,000 -
Home Federal Bank Corporation 0.20% $2,500 -
First Peoples Bank Of Tennessee 0.20% $5,000 -
First Volunteer Bank 0.20% $1,000 -
The Citizens National Bank Of Athens 0.20% $1,500 -
Athens Federal Community Bank 0.20% $500 -
Synovus Bank 0.20% $5,000 -
Hometrust Bank, National Association 0.20% $50,000 -
Renasant Bank 0.20% $1,000 -
Wilson Bank And Trust 0.20% $500 -
Bank Of Cleveland 0.16% $2,500 -
First Community Bank 0.15% $1,000 -
First Community Bank Of East Tennessee 0.15% $1,000 -
Trustmark National Bank 0.15% $1,000 -
Fifth Third Bank 0.15% $10,000 -
Peoples Bank Of East Tennessee 0.15% $500 -
Southeast Bank 0.15% $100,000 -
Hometrust Bank, National Association 0.15% $10,000 -
Patriot Bank 0.15% $1,000 -
Citizens State Bank 0.15% $1,000 -
Southeast Bank 0.10% $1,000 -
Mountain Valley Bank 0.10% $500 -
First Tennessee Bank, National Association 0.10% $10,000 -
U.s. Bank National Association 0.10% $10,000 -
Branch Banking And Trust Company 0.10% $10,000 -
First-citizens Bank & Trust Company 0.10% $10,000 -
United Community Bank 0.10% $500 -
Suntrust Bank 0.10% $10,000 -
Synovus Bank 0.10% $5,000 -
Tri-state Bank Of Memphis 0.10% $1,000 -
Bank Of America, National Association 0.07% $10,000 -
Wells Fargo Bank, National Association 0.05% $10,000 -
Bank Of America, National Association 0.05% $10,000 -
Fifth Third Bank 0.05% $100,000 -
Regions Bank 0.05% $500 -
Metropolitan Bank 0.05% $2,500 -

BestCashCow strives to maintain the most accurate rates. If you find a rate that is not accurate, please let us know by commenting below so that we can update it. Thank you for your help.

  • Tammie H.

    April 19, 2016

    Hello,

    I was just wondering if the rates posted on this site were current?

    I noticed at the top it does have todays date.

    Thank you.

  • boo

    April 13, 2016

    rates suck

  • Dan

    March 14, 2016

    The local offerings are there. Just put in your zip code. Click the link that says: Change zip.

  • F Jamees

    March 14, 2016

    Where are the local offerings of 71913. They use to be for local banks, we miss them. F James

  • Larry Triemer (ltriemer@yahoo.com)

    March 02, 2016

    I stopped receiving my weekly bank rates and wanted you to resume sending them. I registered today, again, using my work e-mail and would like for you to send them to the abovementioned e=mail address.

    Thank you,

    Larry Triemer+

  • jim

    February 12, 2016

    bank of Ontario (Ontario wi) offering 1 year ira cd for 1.9%

  • mike

    February 07, 2016

    Why can banks 100 miles away offer rates 5 to 6 time higher on a one year CD , seems banks and or there management in this area simply refuse to be competitive and show no respect for the people , neighbors and area they live and work in.

  • Braun

    December 30, 2015

    @Brian. Click the tabs at the top. You can choose the rate term you want.

  • Brian

    December 30, 2015

    Where are the 60 month CD rates?

  • won't say

    November 05, 2015

    where are the local banks?

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Certificates of Deposit - Branch Banks

A certificate of deposit (CD) is a savings product offered by a bank in which a depositor (someone who has money to put into the bank) agrees to commit a certain amount of money for a set period of time, in return for a fixed rate of interest. While it is possible to withdraw the money earlier (breaking the CD) doing so comes with high interest penalties and is generally not advised.

CD Terms

The time period in which money is held in a certificate of deposit is called the term. Terms can run for any period of time but in general, banks use the following terms: 3 months, 6 months, 12 months, 18 months, 24 months, 36 months, 48 months, and 60 months. Terms can either be described in months or years. The term that is right for each individual depends on their goals, the rate they which to earn, and their future plans for the money. In general, if rates are going up, savers should avoid putting the money into a long-term CD. If rates are going down, then the opposite is true, and savers should try and lock into a good rate for an extended period of time.

CD Risk

Almost all banks provide CDs to their consumers and they have been a mainstay of savers and retirement accounts for years. If FDIC insured, the CD represents a safe place to put money that will generate a predictable return.

Inflation is the main risk of a CD. Inflation can often run higher than the inflation adjusted return on a CD, thus eroding the value of the money stored in the CD over time. This is especially true for longer-term CDs opened in low interest rate environments.

How Interest is Paid

The method of distributing the interest earned on a CD varies by bank. Some banks pay interest monthly, other semi-annually, and others at the maturity of the CD. One advantage of a branch-based bank is that a depositor can walk into the bank and receive their interest that day in the form of a check. Online banks tend to use electronic funds transfer or check via mail.

Interest Rate

Since the financial crisis in 2008, CDs have become less popular because the yields they offer have dropped precipitously, making it difficult for retirees and savers to generate sufficient income. But investors looking for a place to stash some cash might still find CDs an attractive place for some of their savings. Online banks generally offer better rates on six month CDs but the accounts must be opened online. View online bank rates.

When interest rates are falling, it is often preferable to lock in high rates for an extended period of time with a longer-term CD. When interest rates are rising, depositors should avoid committing their money for long periods of time. To see interest rate trends, visit the BestCashCow rate analysis page.

Advantages and Disadvantages

The advantages of a Certificate of Deposit from a branch bank are:

 · 

Funds deposited in FDIC banks and within insurance limits are protected by the full faith and credit of the United States government.

 · 

CDs provide a predictable, set rate of return.

 · 

Depositors can walk into a local branch and open the CD and fund it that day. Question and inquiries can also be handles in-person.

The disadvantages of branch-based CDs are:

 · 

The deposited money is committed for a certain period of time and can only be withdrawn with substantial penalties.

 · 

One year CDs from branch banks often pay less interest than from online banks.

All banks listed on BestCashCow are FDIC insured; BestCashCow.com strongly recommends that you stay within FDIC insurance limits and that if you are unsure of how the limits affect you, you visit the FDIC website.

To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.

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