Best CD Rates in Tennessee, TN

You are viewing rates from banks across Tennessee

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 - July 5, 2025

1 Year CD National Average : 0.55% ^?

Banks	APY	MIN	MILES ^?
InsBank	4.46%	$50,000	-	Learn More
Rate History: 4.90% → 4.70% → 4.55% → 4.30% → 4.46%
judy \| Jul 7, 2022 Insbank 1 yr is 1.5 % 18month is 1.6% 7-7-2022 Read More Reviews (6)
Merrick Bank	4.35%	$25,000	-	Learn More
Warning: Early Withdrawal Penalty is 2% of the account balance. Rate History: 4.10% → 4.35% → 4.25% → 4.05% → 4.35%
Frank M \| Jul 3, 2023 A 2% early withdrawal fee on a 1-year CD is almost equally insane as a 270 day one. Read More Reviews (2)
Seattle Bank	4.10%	$1,000	-	Learn More
Early Withdrawal Penalty is 180 days interest. Rate History: 5.00% → 5.00% → 4.55% → 4.30% → 4.10%
Rob H. \| Nov 21, 2023 A real pain in the *** process to try and get approved! They were unable to match my drivers license photo with my live image after several times trying! Went to limelight bank instead and got approved in ... Read More Reviews (2)
Elizabethton Federal Savings Bank	4.08%	$500	-	Learn More Add Review
Capital One, National Association	4.00%	$0	-	Learn More
Rate History: 5.00% → 4.50% → 4.20% → 4.10% → 4.00%
highstream \| Jan 2, 2024 Like others, I've been with Capital One and its predecessor ING Direct since 2007. I've also been getting cheap bank rates on my savings account and didn't realize that there was something better, although... Read More Reviews (14)
Ivy Bank	4.00%	$1,000	-	Learn More Add Review
Rate History: 5.00% → 4.60% → 4.20% → 4.35% → 4.00%
lrcbob \| Jul 26, 2024 Multiple roadblocks trying to set up a savings account with Ivy Bank and my application was ultimately declined, in spite of my multiple CDs among three banks, stock investments, eleven credit cards, and c... Read More
Forbright Bank	4.00%	$1,000	-	Learn More
Rate History: 5.30% → 5.10% → 5.30% → 4.25% → 4.00%
lrcbob \| Jul 26, 2024 Multiple roadblocks trying to set up a savings account with Forbright and my application was ultimately declined, in spite of my multiple CDs among three banks, stock investments, eleven credit cards, and ... Read More Reviews (2)
First Foundation Bank	3.90%	$2,500	-	Learn More
Rate History: 4.85% → 4.60% → 4.25% → 4.00% → 3.90%
james \| Nov 18, 2023 bank delayed 1-2days to credit into your account, pay less interest. Read More Reviews (32)
Gateway First Bank	3.90%	$500	-	Learn More
Rate History: 4.30% → 3.90%
JohnC \| Oct 11, 2020 You probably thought - as did I - that you were looking at a site that belongs to and was the responsibility of Gateway First. After all it includes their headings, selected financial statements, many pag... Read More Reviews (3)
Bank of Whittier, National Association	3.82%	$1,000	-	Learn More Add Review
Banesco USA	3.80%	$1,000	-	Learn More
Early Withdrawal Penalty is 90 days interest. Rate History: 5.15% → 5.15% → 4.50% → 4.20% → 3.80%
Dkplan \| Dec 27, 2022 They gave a hard time with their cashier's check. They returned my deposited check that was emitted by them. Could you believe? Read More Reviews (8)
Truist Bank	3.75%	$1,000	-	Learn More
Rate History: 3.00% → 3.50% → 4.00% → 3.55% → 3.75%
Customer \| Jul 28, 2022 Not at all happy with Truist compared to BB+T. New transaction policy makes them painfully slow. Paying .01 % interest on money market accounts, 13 week T Bill's are around $2.5%.I hope that they are enj... Read More Reviews (6)
Blue Foundry Bank	3.75%	$1,000	-	Learn More Add Review
Rate History: 4.00% → 4.50% → 4.00% → 3.75%
Hingham Institution for Savings	3.54%	$1,000	-	Learn More Add Review
Rate History: 3.85% → 3.64% → 3.54%
TD Bank, National Association	3.51% 0.05%	$10,000 $10,001	-	Learn More
Rate History: 4.00% → 4.50% → 4.00% → 3.75% → 3.51%
Turonemckinney17@gmail.com \| May 19, 2018 Experience Read More Reviews (1)
Citizens	3.50%	$5,000	-	Learn More
Rate History: 4.50% → 4.25% → 4.00% → 4.35% → 3.50%
Dana E. \| Mar 20, 2016 Good solid bank. Read More Reviews (1)
Fifth Third Bank, National Association	3.49% 0.01%	$5,000 $500	-	Learn More
Rate History: 4.70% → 4.00% → 4.30% → 3.30% → 3.49%
Juan Ricardo \| Nov 12, 2018 Helpful w/$ Read More Reviews (5)
Bank of America, National Association	3.25%	$100,000	-	Learn More
Rate History: 3.75% → 4.25% → 3.75% → 3.51% → 3.25%
Treasure \| Jul 24, 2023 BOFA is a den of people thieves camouflaged as bank operatives. There’s a soon to be uncovered carrel of money laundry there. They took all my money and don’t want to release it to me for no particular... Read More Reviews (7)
Citibank, National Association	3.00%	$0	-	Learn More
Rate History: 2.75% → 2.00% → 4.00% → 2.50% → 3.00%
Azoic \| Feb 25, 2022 I joined Citi with a Costco-VISA card. An Accelerate followed, and then a checking account. Costco-VISA is necessary for using a credit card at Costco, otherwise cash is necessary. Accelerate Savings w... Read More Reviews (11)
City National Bank	2.48%	$10,000	-	Learn More Add Review
Rate History: 3.04% → 2.48%
USAA Federal Savings Bank	2.05%	$1,000	-	Learn More
Rate History: 4.85% → 4.40% → 4.25% → 3.00% → 2.05%
RYAN S \| Nov 28, 2022 While USAA was at one point a great option for all your banking needs, the service has deteriorated so much that I'm currently in the process of changing banks after more than 2 decades. The final straw w... Read More Reviews (2)
JPMorgan Chase Bank, National Association	2.00%	$10,000	-	Learn More
Rate History: 2.00% → 3.50% → 3.25% → 3.00% → 2.00%
Hayley7788d@outlook.com \| Jan 2, 2023 Terrible customer service by investment side. Fees too high , too full of themselves Read More Reviews (18)
Wells Fargo Bank, National Association	2.00%	$25,000	-	Learn More
Rate History: 2.00% → 1.50% → 3.25% → 2.00%
Thy King \| Feb 6, 2023 after over 100k in transactions through this bank in the course of a year not only did i suffer from fraud but this bank closed my accounts and i have been lliable for all the losses and to top it off with... Read More Reviews (7)
Apex Bank	0.95%	$10,000	-	Learn More
jenningsjerome56@gmail.com \| Aug 26, 2020 JeanJennings6 Read More Reviews (4)
Bank of Gleason	0.80%	$100,000	-	Learn More Add Review
Bank of Lincoln County	0.80%	$10,000	-	Learn More Add Review
Bank3	0.75%	$10,000	-	Learn More Add Review
Lawrenceburg Federal Bank	0.75%	$10,000	-	Learn More Add Review
Homeland Community Bank	0.75%	$10,000	-	Learn More Add Review
Citizens Bank	0.75%	$100,000	-	Learn More Add Review
ServisFirst Bank	0.71%	$10,000	-	Learn More Add Review
Greenfield Banking Company	0.70%	$10,000	-	Learn More Add Review
Bank of Gleason	0.70%	$10,000	-	Learn More Add Review
First Commerce Bank	0.70%	$10,000	-	Learn More Add Review
First Peoples Bank of Tennessee	0.70%	$100,000	-	Learn More Add Review
The Citizens Bank	0.65%	$10,000	-	Learn More Add Review
Carroll Bank and Trust	0.65%	$10,000	-	Learn More Add Review
Citizens Savings Bank and Trust Company	0.65%	$10,000	-	Learn More Add Review
Union Bank	0.65%	$100,000	-	Learn More Add Review
The Bank of Fayette County	0.65%	$10,000	-	Learn More Add Review
Bank of Crockett	0.65%	$10,000	-	Learn More Add Review
The Bank of Jackson	0.65%	$10,000	-	Learn More Add Review
First Community Bank of Tennessee	0.65%	$10,000	-	Learn More Add Review
Coffee County Bank	0.60%	$10,000	-	Learn More Add Review
Independent Bank	0.60%	$10,000	-	Learn More Add Review
Volunteer State Bank	0.60%	$10,000	-	Learn More Add Review
CedarStone Bank	0.60%	$100,000	-	Learn More Add Review
BankTennessee	0.60%	$10,000	-	Learn More
Burcalguy \| Nov 4, 2019 So convenient, the branch is right around the corner and the process (paper work) was minimal. I had some extra cash sitting in a very low interest rate savings account in another state that made sense to ... Read More Reviews (1)
Peoples Bank	0.60%	$10,000	-	Learn More Add Review
First Jackson Bank, Inc.	0.60%	$1,000	-	Learn More Add Review
The Farmers Bank	0.55%	$10,000	-	Learn More Add Review
TriStar Bank	0.55%	$10,000	-	Learn More Add Review
Citizens Bank of Lafayette	0.55%	$10,000	-	Learn More Add Review
Union Bank	0.55%	$10,000	-	Learn More Add Review
Citizens Bank and Trust Company of Grainger County	0.55%	$10,000	-	Learn More Add Review
Citizens National Bank	0.55%	$10,000	-	Learn More Add Review
Bank of Halls	0.55%	$10,000	-	Learn More Add Review
INSOUTH Bank	0.55%	$10,000	-	Learn More Add Review
Miners Exchange Bank	0.50%	$1,000	-	Learn More Add Review
One Bank of Tennessee	0.50%	$10,000	-	Learn More
user \| Aug 6, 2021 Can take days to set up internet banking. They won't fax anything for you. Not a customer oriented bank as they claim. Read More Reviews (1)
McKenzie Banking Company	0.50%	$10,000	-	Learn More
Jennifer \| Jan 21, 2022 SC Read More Reviews (1)
Legends Bank	0.50%	$10,000	-	Learn More Add Review
First Financial Bank, National Association	0.50%	$10,000	-	Learn More Add Review
TriStar Bank	0.50%	$100,000	-	Learn More Add Review
Traditions First Bank	0.50%	$10,000	-	Learn More Add Review
Planters Bank, Inc.	0.50%	$10,000	-	Learn More Add Review
CedarStone Bank	0.50%	$10,000	-	Learn More Add Review
Republic Bank & Trust Company	0.50%	$10,000	-	Learn More
JEKuhn \| May 20, 2017 I received a check from them, misplaced it and now have found. Two years old. What now? Read More Reviews (1)
People's Bank and Trust Company of Pickett County	0.50%	$100,000	-	Learn More Add Review
TNBANK	0.50%	$10,000	-	Learn More Add Review
Security Bank	0.50%	$10,000	-	Learn More Add Review
The Lauderdale County Bank	0.50%	$10,000	-	Learn More Add Review
Citizens Bank	0.50%	$10,000	-	Learn More Add Review
CBBC Bank	0.50%	$10,000	-	Learn More Add Review
First Vision Bank of Tennessee	0.49%	$10,000	-	Learn More Add Review
Apex Bank	0.47%	$100	-	Learn More
jenningsjerome56@gmail.com \| Aug 26, 2020 JeanJennings6 Read More Reviews (4)
Bank of Tennessee	0.47%	$10,000	-	Learn More Add Review
First Century Bank	0.47%	$10,000	-	Learn More
Rand \| Mar 1, 2021 And yet again. Two more CD rates offered on this date only on this site not by the bank. Read More Reviews (1)
Citizens Bank	0.45%	$100,000	-	Learn More Add Review
First Farmers and Merchants Bank	0.45%	$10,000	-	Learn More Add Review
First Community Bank of East Tennessee	0.45%	$1,000	-	Learn More Add Review
Security Federal Savings Bank of McMinnville	0.45%	$10,000	-	Learn More Add Review
First Peoples Bank of Tennessee	0.45%	$10,000	-	Learn More Add Review
Southern Bank of Tennessee	0.42%	$10,000	-	Learn More Add Review
First Volunteer Bank	0.40%	$1,000	-	Learn More
GOb \| Dec 18, 2023 They will not cash savings bonds for non-account holders Read More Reviews (5)
First Federal Bank	0.40%	$10,000	-	Learn More
? \| Dec 5, 2018 This bank is telling me that an IRA CD is only 0.90% Read More Reviews (1)
F&M Bank	0.40%	$10,000	-	Learn More Add Review
People's Bank and Trust Company of Pickett County	0.40%	$10,000	-	Learn More Add Review
United Cumberland Bank	0.40%	$10,000	-	Learn More Add Review
Commercial Bank	0.40%	$10,000	-	Learn More Add Review
Citizens Bank	0.40%	$1,000	-	Learn More Add Review
Andrew Johnson Bank	0.40%	$10,000	-	Learn More Add Review
Millennium Bank	0.40%	$10,000	-	Learn More Add Review
Mountain Commerce Bank	0.40%	$10,000	-	Learn More Add Review
Greeneville Federal Bank, FSB	0.40%	$10,000	-	Learn More Add Review
Heritage Community Bank	0.39%	$10,000	-	Learn More Add Review
Tower Community Bank	0.35%	$10,000	-	Learn More Add Review
FirstBank	0.35%	$10,000	-	Learn More Add Review
First Citizens National Bank	0.35%	$10,000	-	Learn More
Customer \| Jan 30, 2020 Rate no longer available Read More Reviews (1)
Highland Federal Savings and Loan Association	0.35%	$10,000	-	Learn More Add Review
Home Federal Bank of Tennessee	0.35%	$10,000	-	Learn More
Sam Love \| Sep 30, 2021 No Read More Reviews (2)
Civis Bank	0.35%	$10,000	-	Learn More
Linda Hutson \| Jan 27, 2022 I closed account today, due to bank closing. I was slow on thinking, I was charged $5 per account for Cashier's Checks. I should of been offered cash with no charge. My feelings is I should have been give... Read More Reviews (1)
Guaranty Bank and Trust Company	0.35%	$100,000	-	Learn More Add Review
CB&S Bank, Inc.	0.35%	$10,000	-	Learn More
Terry \| Jun 7, 2018 Fabulous bank Read More Reviews (1)
Community Bank	0.35%	$10,000	-	Learn More Add Review
Tennessee State Bank	0.35%	$10,000	-	Learn More Add Review
First Community Bank	0.30%	$10,000	-	Learn More Add Review
FIRST STATE BANK OF THE SOUTHEAST, INC	0.30%	$10,000	-	Learn More Add Review
FSNB, National Association	0.30%	$10,000	-	Learn More Add Review
Wilson Bank and Trust	0.30%	$10,000	-	Learn More Add Review
First Freedom Bank	0.30%	$10,000	-	Learn More Add Review
Citizens Bank	0.30%	$1,000	-	Learn More Add Review
UBank	0.30%	$10,000	-	Learn More Add Review
New Peoples Bank, Inc.	0.30%	$10,000	-	Learn More Add Review
Guaranty Bank and Trust Company	0.30%	$10,000	-	Learn More Add Review
Heritage Bank & Trust	0.30%	$10,000	-	Learn More Add Review
Bank of Cleveland	0.30%	$10,000	-	Learn More Add Review
First Community Bank of the Heartland, Inc.	0.26%	$500	-	Learn More Add Review
Renasant Bank	0.25%	$10,000	-	Learn More
rand \| Mar 25, 2019 CDs shown are not offered in Knoxville area Read More Reviews (1)
TruPoint Bank	0.25%	$1,000	-	Learn More Add Review
Security Bank and Trust Company	0.25%	$10,000	-	Learn More Add Review
Pinnacle Bank	0.25%	$10,000	-	Learn More
jchitt@comcast.nrt \| Mar 5, 2019 Pinnacle has not had a 3% CD since Oct of 2018. Read More Reviews (3)
The First Bank and Trust Company	0.25%	$10,000	-	Learn More Add Review
Paragon Bank	0.25%	$10,000	-	Learn More Add Review
Citizens Tri-County Bank	0.25%	$10,000	-	Learn More Add Review
Newport Federal Bank	0.25%	$1,000	-	Learn More Add Review
Home Federal Bank Corporation	0.20%	$10,000	-	Learn More Add Review
Community Bank of Mississippi	0.20%	$10,000	-	Learn More Add Review
First National Bank of Pulaski	0.20%	$10,000	-	Learn More
Tim, In Pulaski TN \| Aug 10, 2022 1st National Bank of Tennessee is not, in my opinion, a mobile friendly bank. Be aware that they do not have a 1-800 number on their cards. So, if it happens to be a weekend and you're out of town trying... Read More Reviews (1)
Volunteer Federal Savings Bank	0.20%	$500	-	Learn More Add Review
First Community Bank	0.17%	$10,000	-	Learn More Add Review
Bank of Bartlett	0.15%	$1,000	-	Learn More Add Review
First National Bank of Tennessee	0.15%	$10,000	-	Learn More Add Review
SouthEast Bank	0.15%	$100,000	-	Learn More
Julian \| Aug 5, 2019 Wonderful new experience both in their personnel and their policies. A fresh approach to personal banking! Read More Reviews (2)
Trustmark National Bank	0.15%	$10,000	-	Learn More
trbf15 \| Nov 4, 2020 Transfer cds to checking. Trustmark Madison ok, Not, 6 figures deposit lost for 6 days they say due to scanner error. Then when we go to branch office mgr. all huffy tht error upset because of their mist... Read More Reviews (1)
Peoples Bank of East Tennessee	0.15%	$10,000	-	Learn More Add Review
First Horizon Bank	0.10%	$1,000	-	Learn More
D R Lineberger \| Dec 30, 2018 Garden14 Read More Reviews (1)
SouthEast Bank	0.10%	$10,000	-	Learn More
Julian \| Aug 5, 2019 Wonderful new experience both in their personnel and their policies. A fresh approach to personal banking! Read More Reviews (2)
Mountain Valley Bank	0.10%	$10,000	-	Learn More Add Review
First Community Bank	0.10%	$10,000	-	Learn More Add Review
KeyBank National Association	0.05%	$2,500	-	Learn More
Seeko \| Mar 28, 2023 On line banking gives a confirmation number when paying bills. But it doesn’t confirm that the bill will be paid only that they have the information. Ridiculous. Read More Reviews (2)
U.S. Bank National Association	0.05%	$500	-	Learn More
Ugg \| Jun 12, 2023 US Bank reported me to dult Protective Services because my husband is 85 and I am63. He got sick and went into a nursing hime for 3 months. My husband always handled the financial affairs. I had to take ov... Read More Reviews (2)
Regions Bank	0.03% 0.01%	$2,501 $2,500	-	Learn More Add Review
PNC Bank, National Association	0.03%	$25,000	-	Learn More
GAM \| May 18, 2019 Had checking and savings for years when living in Philly. Went into PNC 2.35 APY high yield savings. They have thus far maintained rate. Easy web site and great customer phone service. Still maintain check... Read More Reviews (1)
First-Citizens Bank & Trust Company	0.01%	$500	-	Learn More
MrBond \| Feb 25, 2023 I have been working for this company more than 5 years. I would not recommend any investment with First Citizens Bank. They are the worst performer on the market based on the customer and employee reviews... Read More Reviews (3)

All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

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BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

PRODUCT INFORMATION

Certificates of Deposit - Branch Banks 2025

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. In stable rate environments, CDs that are over 12 months in length can enable depositors to pick up a slight premium over savings accounts.

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. Please see those rates here.

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, please visit the FDIC website.

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

SAVINGS & CD CALCULATOR

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PRODUCT INFORMATION

Certificates of Deposit - Branch Banks 2025

CD Terms

CD Risk

How Interest is Paid

Interest Rate

ADVANTAGES AND DISADVANTAGES

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

The disadvantages of branch-based CDs are:

SAVINGS & CD CALCULATOR

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