You are viewing rates across Tennessee


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 - February 11, 2016

1 Year CD National Average : 0.37% ?

Bank APY MIN MILES ?
First Advantage Bank 1.12% $5,000 - Learn MoreShow Less
Peoples State Bank Of Commerce 0.96% $100,000 - Learn MoreShow Less
Peoples State Bank Of Commerce 0.95% $1,000 - Learn MoreShow Less
Peoples Bank Of Middle Tennessee 0.90% $500 - Learn MoreShow Less
Southern Community Bank 0.75% $1,000 - Learn MoreShow Less
People's Bank And Trust Company Of Pickett County 0.75% $100,000 - Learn MoreShow Less
Sumner Bank & Trust 0.75% $10,000 - Learn MoreShow Less
First Century Bank 0.75% $1,000 - Learn MoreShow Less
Farmer's And Merchants Bank 0.70% $100,000 - Learn MoreShow Less
Traditions First Bank 0.70% $1,000 - Learn MoreShow Less
Evolve Bank & Trust 0.70% $1,000 - Learn MoreShow Less
First Commerce Bank 0.70% $1,000 - Learn MoreShow Less
Banktennessee 0.65% $1,000 - Learn MoreShow Less
Citizens Savings Bank And Trust Company 0.65% $500 - Learn MoreShow Less
People's Bank And Trust Company Of Pickett County 0.65% $500 - Learn MoreShow Less
Union Bank 0.65% $100,000 - Learn MoreShow Less
Citizens Bank 0.65% $100,000 - Learn MoreShow Less
Tristar Bank 0.65% $1,000 - Learn MoreShow Less
Mckenzie Banking Company 0.60% $100,000 - Learn MoreShow Less
First South Bank 0.60% $1,000 - Learn MoreShow Less
First Jackson Bank, Inc. 0.60% $1,000 - Learn MoreShow Less
Farmer's And Merchants Bank 0.60% $500 - Learn MoreShow Less
Insbank 0.60% $2,500 - Learn MoreShow Less
Tristar Bank 0.60% $99,000 - Learn MoreShow Less
Sumner Bank & Trust 0.60% $1,000 - Learn MoreShow Less
Civic Bank & Trust 0.60% $100,000 - Learn MoreShow Less
Citizens Bank 0.60% $1,000 - Learn MoreShow Less
Commerce Union Bank 0.55% $1,000 - Learn MoreShow Less
Greenfield Banking Company 0.55% $1,000 - Learn MoreShow Less
Citizens Bank 0.55% $90,000 - Learn MoreShow Less
Capstar Bank 0.55% $100,000 - Learn MoreShow Less
Bank Of Frankewing 0.55% $500 - Learn MoreShow Less
First National Bank Of Pulaski 0.55% $10,000 - Learn MoreShow Less
Union Bank 0.55% $2,500 - Learn MoreShow Less
Coffee County Bank 0.55% $100,000 - Learn MoreShow Less
Franklin Synergy Bank 0.55% $1,000 - Learn MoreShow Less
Peoples Bank & Trust Company 0.51% $100,000 - Learn MoreShow Less
First Alliance Bank 0.51% $1,000 - Learn MoreShow Less
First Citizens National Bank 0.50% $500 - Learn MoreShow Less
Citizens Bank Of Lafayette 0.50% $1,000 - Learn MoreShow Less
Heritage Bank Usa, Inc. 0.50% $1,000 - Learn MoreShow Less
Pinnacle Bank 0.50% $1,000 - Learn MoreShow Less
Foothills Bank & Trust 0.50% $1,000 - Learn MoreShow Less
Bank Of Ripley 0.50% $1,000 - Learn MoreShow Less
Farmers Bank And Trust Company 0.50% $2,500 - Learn MoreShow Less
Planters Bank, Inc. 0.50% $2,500 - Learn MoreShow Less
Home Federal Bank Of Tennessee 0.50% $500 - Learn MoreShow Less
First Federal Bank 0.50% $500 - Learn MoreShow Less
The Bank Of Fayette County 0.50% $1,000 - Learn MoreShow Less
Newport Federal Bank 0.50% $1,000 - Learn MoreShow Less
Patriot Bank 0.50% $1,000 - Learn MoreShow Less
The Lauderdale County Bank 0.50% $1,000 - Learn MoreShow Less
Clayton Bank And Trust 0.50% $500 - Learn MoreShow Less
Carroll Bank And Trust 0.50% $500 - Learn MoreShow Less
National Bank Of Tennessee 0.50% $1,000 - Learn MoreShow Less
Tri-state Bank Of Memphis 0.50% $5,000 - Learn MoreShow Less
Bank Of Halls 0.50% $1,000 - Learn MoreShow Less
Citizens First Bank 0.50% $1,000 - Learn MoreShow Less
Cumberland Bank And Trust 0.50% $1,000 - Learn MoreShow Less
Insouth Bank 0.50% $500 - Learn MoreShow Less
Civic Bank & Trust 0.50% $5,000 - Learn MoreShow Less
Triumph Bank 0.46% $1,000 - Learn MoreShow Less
Community First Bank & Trust 0.46% $1,000 - Learn MoreShow Less
Trisummit Bank 0.45% $1,000 - Learn MoreShow Less
First Community Bank Of Bedford County 0.45% $1,000 - Learn MoreShow Less
Coffee County Bank 0.45% $1,000 - Learn MoreShow Less
Commercial Bank & Trust Co. 0.45% $1,000 - Learn MoreShow Less
Bank Of Lincoln County 0.45% $10,000 - Learn MoreShow Less
Peoples Bank & Trust Company 0.45% $10,000 - Learn MoreShow Less
Legends Bank 0.45% $2,500 - Learn MoreShow Less
Smartbank 0.45% $1,000 - Learn MoreShow Less
Security Bank 0.45% $1,000 - Learn MoreShow Less
Volunteer State Bank 0.45% $1,000 - Learn MoreShow Less
The Farmers Bank 0.45% $1,000 - Learn MoreShow Less
First Citizens National Bank 0.45% $500 - Learn MoreShow Less
Tennessee State Bank 0.45% $1,000 - Learn MoreShow Less
First Vision Bank Of Tennessee 0.45% $5,000 - Learn MoreShow Less
First Advantage Bank 0.45% $1,000 - Learn MoreShow Less
Community Bank 0.45% $100,000 - Learn MoreShow Less
The Bank Of Jackson 0.45% $1,000 - Learn MoreShow Less
F&m Bank 0.45% $1,000 - Learn MoreShow Less
American Patriot Bank 0.45% $1,000 - Learn MoreShow Less
The Farmers & Merchants Bank 0.45% $1,000 - Learn MoreShow Less
Mckenzie Banking Company 0.45% $500 - Learn MoreShow Less
The First National Bank Of Manchester 0.45% $2,500 - Learn MoreShow Less
American City Bank Of Tullahoma 0.42% $500 - Learn MoreShow Less
American Trust Bank Of East Tennessee 0.41% $1,000 - Learn MoreShow Less
Apex Bank 0.40% $100 - Learn MoreShow Less
Citizens National Bank 0.40% $2,500 - Learn MoreShow Less
Community Trust & Banking Company 0.40% $1,000 - Learn MoreShow Less
Citizens Bank Of Lafayette 0.40% $2,500 - Learn MoreShow Less
Cedarstone Bank 0.40% $50,000 - Learn MoreShow Less
Reelfoot Bank 0.40% $1,000 - Learn MoreShow Less
First Freedom Bank 0.40% $500 - Learn MoreShow Less
Citizens Bank Of Blount County 0.40% $500 - Learn MoreShow Less
Sevier County Bank 0.40% $1,000 - Learn MoreShow Less
Heritage Community Bank 0.40% $1,000 - Learn MoreShow Less
Security Federal Bank 0.40% $500 - Learn MoreShow Less
Citizens Bank 0.40% $1,000 - Learn MoreShow Less
Community Bank 0.35% $500 - Learn MoreShow Less
First Bank Of Tennessee 0.35% $500 - Learn MoreShow Less
Andrew Johnson Bank 0.35% $1,000 - Learn MoreShow Less
New Peoples Bank, Inc. 0.35% $500 - Learn MoreShow Less
Greeneville Federal Bank, Fsb 0.35% $1,000 - Learn MoreShow Less
Security Federal Savings Bank Of Mcminnville 0.35% $1,000 - Learn MoreShow Less
Cb&s Bank, Inc. 0.35% $1,000 - Learn MoreShow Less
The First Bank And Trust Company 0.35% $500 - Learn MoreShow Less
Truxton Trust Company 0.35% $10,000 - Learn MoreShow Less
Bank Of Bartlett 0.35% $1,000 - Learn MoreShow Less
Firstbank 0.35% $500 - Learn MoreShow Less
Homeland Community Bank 0.35% $500 - Learn MoreShow Less
First Farmers And Merchants Bank 0.35% $10,000 - Learn MoreShow Less
Southern Heritage Bank 0.35% $1,500 - Learn MoreShow Less
Miners Exchange Bank 0.35% $1,000 - Learn MoreShow Less
Citizens Bank And Trust Company Of Grainger County 0.35% $1,500 - Learn MoreShow Less
The Peoples Bank 0.35% $50,001 - Learn MoreShow Less
Pinnacle Bank 0.35% $1,000 - Learn MoreShow Less
Simmons First National Bank 0.35% $500 - Learn MoreShow Less
Community Trust Bank, Inc. 0.34% $100,000 - Learn MoreShow Less
Heritage Bank & Trust 0.33% $1,000 - Learn MoreShow Less
United Cumberland Bank 0.32% $1,000 - Learn MoreShow Less
First Community Bank Of The Heartland, Inc. 0.31% $500 - Learn MoreShow Less
Elizabethton Federal Savings Bank 0.30% $500 - Learn MoreShow Less
Trupoint Bank 0.30% $1,000 - Learn MoreShow Less
Brighton Bank 0.30% $500 - Learn MoreShow Less
Highlands Union Bank 0.30% $500 - Learn MoreShow Less
Community National Bank 0.30% $500 - Learn MoreShow Less
The Peoples Bank 0.30% $1,000 - Learn MoreShow Less
Volunteer Federal Savings Bank 0.30% $500 - Learn MoreShow Less
Community Bank & Trust 0.30% $1,000 - Learn MoreShow Less
Citizens Bank 0.30% $1,000 - Learn MoreShow Less
First State Financial, Inc. 0.30% $1 - Learn MoreShow Less
Bank Of Putnam County 0.30% $500 - Learn MoreShow Less
Cedarstone Bank 0.30% $1,000 - Learn MoreShow Less
Citizens Bank 0.30% $1,000 - Learn MoreShow Less
The Fort Sill National Bank 0.30% $500 - Learn MoreShow Less
Paragon Bank 0.30% $1,000 - Learn MoreShow Less
Cumberland County Bank 0.30% $500 - Learn MoreShow Less
First Farmers & Commercial Bank 0.30% $500 - Learn MoreShow Less
Security Bank And Trust Company 0.30% $50,000 - Learn MoreShow Less
Ubank 0.30% $1,000 - Learn MoreShow Less
Cadence Bank, N.a. 0.30% $500 - Learn MoreShow Less
Cornerstone Community Bank 0.25% $1,000 - Learn MoreShow Less
Southern Bank Of Tennessee 0.25% $1,000 - Learn MoreShow Less
Civis Bank 0.25% $1,000 - Learn MoreShow Less
Highland Federal Savings And Loan Association 0.25% $500 - Learn MoreShow Less
Iberiabank 0.25% $100,000 - Learn MoreShow Less
Bancorpsouth Bank 0.25% $1,000 - Learn MoreShow Less
Republic Bank & Trust Company 0.25% $10,000 - Learn MoreShow Less
Security Bank And Trust Company 0.25% $1,000 - Learn MoreShow Less
Citizens Tri-county Bank 0.25% $500 - Learn MoreShow Less
Tnbank 0.25% $1,000 - Learn MoreShow Less
Progressive Savings Bank 0.25% $1,000 - Learn MoreShow Less
First Peoples Bank Of Tennessee 0.25% $50,000 - Learn MoreShow Less
Citizens Bank 0.25% $5,000 - Learn MoreShow Less
Bank Of Tennessee 0.25% $500 - Learn MoreShow Less
Firstbank 0.25% $10,000 - Learn MoreShow Less
Commercial Bank 0.25% $500 - Learn MoreShow Less
Citizens Bank 0.25% $1,000 - Learn MoreShow Less
Community Trust Bank, Inc. 0.24% $1 - Learn MoreShow Less
Renasant Bank 0.22% $1,000 - Learn MoreShow Less
Iberiabank 0.20% $1,000 - Learn MoreShow Less
Union Bank & Trust Company 0.20% $2,500 - Learn MoreShow Less
Independent Bank 0.20% $1,000 - Learn MoreShow Less
Home Federal Bank Corporation 0.20% $2,500 - Learn MoreShow Less
First Peoples Bank Of Tennessee 0.20% $5,000 - Learn MoreShow Less
First Volunteer Bank 0.20% $1,000 - Learn MoreShow Less
The Citizens National Bank Of Athens 0.20% $1,500 - Learn MoreShow Less
Athens Federal Community Bank 0.20% $500 - Learn MoreShow Less
Hometrust Bank, National Association 0.20% $50,000 - Learn MoreShow Less
Renasant Bank 0.20% $1,000 - Learn MoreShow Less
Wilson Bank And Trust 0.20% $500 - Learn MoreShow Less
Bank Of Cleveland 0.16% $2,500 - Learn MoreShow Less
First Community Bank 0.15% $1,000 - Learn MoreShow Less
First Community Bank Of East Tennessee 0.15% $1,000 - Learn MoreShow Less
Trustmark National Bank 0.15% $1,000 - Learn MoreShow Less
Fifth Third Bank 0.15% $10,000 - Learn MoreShow Less
Peoples Bank Of East Tennessee 0.15% $500 - Learn MoreShow Less
Southeast Bank 0.15% $100,000 - Learn MoreShow Less
Hometrust Bank, National Association 0.15% $10,000 - Learn MoreShow Less
Patriot Bank 0.15% $1,000 - Learn MoreShow Less
Citizens State Bank 0.15% $1,000 - Learn MoreShow Less
Southeast Bank 0.10% $1,000 - Learn MoreShow Less
Mountain Valley Bank 0.10% $500 - Learn MoreShow Less
First Tennessee Bank, National Association 0.10% $10,000 - Learn MoreShow Less
U.s. Bank National Association 0.10% $10,000 - Learn MoreShow Less
Branch Banking And Trust Company 0.10% $10,000 - Learn MoreShow Less
First-citizens Bank & Trust Company 0.10% $10,000 - Learn MoreShow Less
United Community Bank 0.10% $500 - Learn MoreShow Less
Suntrust Bank 0.10% $10,000 - Learn MoreShow Less
Synovus Bank 0.10% $5,000 - Learn MoreShow Less
Tri-state Bank Of Memphis 0.10% $1,000 - Learn MoreShow Less
Bank Of America, National Association 0.07% $10,000 - Learn MoreShow Less
Wells Fargo Bank, National Association 0.05% $10,000 - Learn MoreShow Less
Bank Of America, National Association 0.05% $10,000 - Learn MoreShow Less
Fifth Third Bank 0.05% $100,000 - Learn MoreShow Less
Regions Bank 0.05% $500 - Learn MoreShow Less
Metropolitan Bank 0.05% $2,500 - Learn MoreShow Less

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.

  • 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?

  • Stephen C

    August 06, 2015

    It would be nice if you would include an option for all terms e.g., up to 10 years. Also it would help if you could select all banks and credit unions. It has been my experience that some bank and CU's will change their policy of being regional to national.

  • David H. 7/10/15

    July 10, 2015

    Union Savings Bank doesn't have a one year cd for 1.15%

  • Alan Platt

    November 24, 2014

    So stupid that you cannot vote "yes". The only thing that registers is "no".

  • Darren

    September 16, 2014

    Union County Savings Bank in Cranford is offering a 1.3% Jumbo CD Rate for 1 year.

  • Alan Platt

    August 25, 2014

    Why did you stop listing information about DORAL BANK?

  • Allen

    April 11, 2014

    Rate is wrong on "Investar Bank 0.75% $1,000 0.92 +Learn More"

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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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