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You are viewing rates from banks across Sparta
Below are the best one-year CD Rates from banks in Sparta, 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.
Sparta, TN - July 17, 2025
1 Year CD National Average : 0.55% ?
| Banks | APY | MIN | MILES ? | |
|---|---|---|---|---|
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4.40% |
$10,000 |
- |
Learn More
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Warning: Early Withdrawal Penalty is 270 days interest. |
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Neil | Dec 18, 2023 I submitted a CD application 18 months 5.50 APY over a week ago and my application was declined no reason was given, I have the funds in another bank for transfer, credit score over 800. I think the reason... Read More |
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4.25% |
$25,000 |
- |
Learn More
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Early Withdrawal Penalty is 6 months interest. |
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79Thru | Mar 21, 2023 Parent seems to be owned by a large Chilean bank. Not saying this is good or bad, but it is complication, especially in the current environment. Read More |
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4.25% |
$1,000 |
- |
Learn More
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Early Withdrawal Penalty is 90 days interest. |
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Savvysaver | Jun 26, 2020 Rate not current Read More |
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4.20% |
$2,500 |
- |
Learn More
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Early Withdrawal Penalty is 90 days interest. |
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HAL1975 | Aug 2, 2023 Sallie mae is just a horrible institution. We've done business with them before and swore on the holy bible not to go near there again, but a 18 mos cd at 5.55% brought us back. Read More |
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4.00% |
$0 |
- |
Learn More
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Early Withdrawal Penalty is 3 months interest. |
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NS123 | Mar 15, 2023 Thank you for the reviews above. I was wondering why I was only getting 0.3% when interest rates have gone up. Why CapitalOne360 is putting loyal and long time customers at a disadvantage is beyond me. ... Read More |
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3.85% |
$500 |
- |
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Rate History: 4.20% → 4.00% → 4.15% → 4.00% → 3.85% |
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Jim S | Dec 21, 2023 Very easy to setup 6 month 5.35% CD from cornerstone account Read More |
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3.00% |
$0 |
- |
Learn More
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Early Withdrawal Penalty is 180 days interest. |
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Jenny Kingston | Jun 10, 2024 I guess customer service is in the US (not sure). I'd rather that someone in the Philippines answered though. These people are so poorly trained and ill informed that I do not trust them with my personal... Read More |
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0.75% |
$10,000 |
24.49 |
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0.75% |
$100,000 |
14.85 |
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0.55% |
$10,000 |
19.21 |
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0.50% |
$10,000 |
17.77 |
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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 |
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0.50% |
$10,000 |
14.85 |
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0.45% |
$100,000 |
14.85 |
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0.45% |
$10,000 |
24.29 |
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0.40% |
$1,000 |
15.15 |
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GOb | Dec 18, 2023 They will not cash savings bonds for non-account holders Read More |
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0.40% |
$10,000 |
16.15 |
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0.35% |
$10,000 |
14.47 |
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0.30% |
$1,000 |
- |
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RTN1949 | Jun 2, 2022 I've been a customer since CIT emerged from the financial crisis as a real competitor in this space (14 years or so). Zero complaints about anything over this time ... until today. Now they are offering a... Read More |
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0.30% |
$10,000 |
24.56 |
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0.30% |
$10,000 |
15.21 |
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0.30% |
$10,000 |
15.00 |
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0.30% |
$1,000 |
14.85 |
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0.25% |
$10,000 |
- |
Learn More
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Early Withdrawal Penalty is 181 days interest. |
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UtahJazz1 | Jun 10, 2022 This bank hasn't raised their rates! Maybe I was sleeping but I need to get out of here fast. Read More |
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0.25% |
$10,000 |
24.89 |
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0.20% |
$1,000 |
- |
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wertlkgt | Mar 28, 2022 Vaporware. Was approved to open an account. I logged in on several different browsers with differing rendering codes--each time got nothing but 3 circles running left to right for up to a half hour when I ... Read More |
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0.15% |
$500 |
- |
Learn More
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The Duffster | May 21, 2018 I wish I had never heard of or seen BBVA. It has been a disaster. Came to this site to find something else. Read More |
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0.15% |
$10,000 |
14.85 |
Learn More
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0.15% |
$100,000 |
14.61 |
Learn More
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Julian | Aug 5, 2019 Wonderful new experience both in their personnel and their policies. A fresh approach to personal banking! Read More |
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0.10% |
$1,000 |
15.08 |
Learn More
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D R Lineberger | Dec 30, 2018 Garden14 Read More |
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0.10% |
$10,000 |
14.61 |
Learn More
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Julian | Aug 5, 2019 Wonderful new experience both in their personnel and their policies. A fresh approach to personal banking! Read More |
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0.05% |
$500 |
24.48 |
Learn More
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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 |
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0.03% 0.01% |
$2,501 $2,500 |
19.21 |
Learn More
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| Branch | Street | City | State |
|---|---|---|---|
|
Homeland Community Bank Homeland Community Bank Branch |
900 North Chancery Street | Mcminnville | TN |
|
Citizens Bank Cookeville Branch |
51 East Jackson Avenue | Cookeville | TN |
|
Citizens Bank of Lafayette Alexandria Branch |
100 North Public Square | Alexandria | TN |
|
One Bank of Tennessee Baxter Branch |
404 Main Street | Baxter | TN |
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Citizens Bank Cookeville Branch |
51 East Jackson Avenue | Cookeville | TN |
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Citizens Bank Cookeville Branch |
51 East Jackson Avenue | Cookeville | TN |
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Security Federal Savings Bank of McMinnville Mcminnville Branch |
1017 Smithville Hwy | Mc Minnville | TN |
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Builtwell Bank Cookeville Branch |
351 South Willow Avenue | Cookeville | TN |
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F&M Bank Cookeville Branch |
900 N. Washington Avenue | Cookeville | TN |
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FirstBank Cookeville Branch |
851 South Willow Avenue | Cookeville | TN |
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FSNB, National Association Fsnb - Mcminnville Branch |
915 N. Chancery St | Mc Minnville | TN |
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Wilson Bank and Trust Cookeville Office Branch |
320 South Jefferson Avenue | Cookeville | TN |
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First Freedom Bank Jackson Street Branch |
376 West Jackson Street | Cookeville | TN |
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Citizens Bank Cookeville Branch |
51 East Jackson Avenue | Cookeville | TN |
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Citizens Tri-County Bank Warren Branch |
101 West Main Street | Mcminnville | TN |
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First National Bank of Tennessee Cookeville Branch |
412 South Jefferson Avenue | Cookeville | TN |
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SouthEast Bank Cookeville Branch |
744 South Willow Avenue | Cookeville | TN |
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First Horizon Bank West Cookeville Branch |
389 West Jackson Street | Cookeville | TN |
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SouthEast Bank Cookeville Branch |
744 South Willow Avenue | Cookeville | TN |
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U.S. Bank National Association Mcminnville Branch |
601 North Chancery Street | Mcminnville | TN |
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Regions Bank Smithville Branch |
120 S. Public Square | Smithville | TN |
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Regions Bank Smithville Branch |
120 S. Public Square | Smithville | TN |
BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.
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.
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.
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.
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.
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.
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.
Find out how much extra money you can earn by moving your bank money into an account that pays more.
Use or Change these Amounts And Rates