Tennessee

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Sweetwater, Tennessee CD Rates 2020

Below are the best one-year CD Rates from banks in Sweetwater, 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.

Sweetwater, TN - June 6, 2020

1 Year CD National Average : 0.46% ?

Advertiser Disclosure
Banks APY MIN MILES ?
1.45% $100 5212.65 Learn More
1.25% $1,000 5146.76 Learn More
1.15% $1,000 5075.30 Learn More
1.05% $100,000 5315.46 Learn More
1.01% $500 5314.40 Learn More
1.00% $500 5204.14 Learn More
1.00% $500 5029.42 Learn More
1.00% $1,000 5346.60 Learn More
1.00% $500 5029.35 Learn More
1.00% $1,000 5235.62 Learn More
0.95% $100 5212.65 Learn More
0.95% $500 5350.99 Learn More
0.90% $1,000 5328.31 Learn More
0.85% $100,000 5321.53 Learn More
0.85% $500 5315.46 Learn More
0.85% $1,000 5343.64 Learn More
0.85% $1,000 5331.69 Learn More
0.80% $10,000 5191.73 Learn More
0.80% $2,500 5234.12 Learn More
0.75% $500 5321.53 Learn More
0.75% $1,000 5347.32 Learn More
0.75% $90,000 5198.81 Learn More
0.75% $1,000 5029.80 Learn More
0.75% $1,000 5342.45 Learn More
0.75% $500 5172.70 Learn More
0.75% $1,000 5334.62 Learn More
0.75% $500 5353.94 Learn More
0.75% $500 5141.87 Learn More
0.74% $2,500 5030.51 Learn More
0.71% $1,000 0.00 Learn More
0.70% $1,000 5211.17 Learn More
0.70% $50,000 5080.61 Learn More
0.70% $1,000 5341.50 Learn More
0.65% $1,000 5327.67 Learn More
0.65% $500 5306.06 Learn More
0.65% $1,000 5213.26 Learn More
0.65% $2,500 5073.12 Learn More
0.65% $500 5235.94 Learn More
0.65% $1,000 5197.38 Learn More
0.65% $1,000 5314.87 Learn More
0.65% $2,500 5179.79 Learn More
0.65% $100,000 5157.47 Learn More
0.65% $2,500 5228.57 Learn More
0.61% $1,000 5205.81 Learn More
0.60% $1,000 5335.33 Learn More
0.60% $50,000 5214.09 Learn More
0.60% $2,500 5198.73 Learn More
0.60% $1,000 5177.78 Learn More
0.60% $1,000 5348.73 Learn More
0.60% $1,000 5245.89 Learn More
0.55% $100,000 5198.81 Learn More
0.55% $1,500 5086.81 Learn More
0.55% $1,000 5349.20 Learn More
0.55% $10,000 5210.87 Learn More
0.55% $10,000 5051.42 Learn More
0.55% $500 5332.00 Learn More
0.55% $1,000 5259.18 Learn More
0.55% $2,500 5157.47 Learn More
0.51% $1,000 5129.50 Learn More
0.50% $1,000 5140.65 Learn More
0.50% $500 5174.75 Learn More
0.50% $1,000 5349.44 Learn More
0.50% $500 5344.69 Learn More
0.50% $1,000 5214.09 Learn More
0.50% $1,000 5198.81 Learn More
0.50% $500 5090.29 Learn More
0.50% $1,000 5253.82 Learn More
0.50% $5,000 5234.34 Learn More
0.50% $1,000 5068.10 Learn More
0.50% $500 5279.13 Learn More
0.50% $2,500 5273.54 Learn More
0.50% $1,000 5043.41 Learn More
0.50% $100,000 5171.38 Learn More
0.50% $2,500 5273.19 Learn More
0.50% $1,000 5229.64 Learn More
0.50% $1,000 5348.32 Learn More
0.50% $1,000 5129.03 Learn More
0.50% $1,000 5227.04 Learn More
0.50% $1,000 5347.26 Learn More
0.50% $1,000 5281.31 Learn More
0.50% $99,000 5259.18 Learn More
0.49% $5,000 5179.69 Learn More
0.47% $100 5212.65 Learn More
0.46% $500 0.00 Learn More
0.45% $500 5188.58 Learn More
0.45% $5,000 5080.61 Learn More
0.45% $500 5050.10 Learn More
0.45% $1,000 5171.75 Learn More
0.42% $1,000 5221.14 Learn More
0.40% $1,000 5051.41 Learn More
0.40% $1,000 5198.81 Learn More
0.40% $500 5096.42 Learn More
0.40% $1,000 5118.87 Learn More
0.40% $1,000 5273.42 Learn More
0.40% $1,000 5119.36 Learn More
0.40% $500 5094.90 Learn More
0.40% $2,500 5031.75 Learn More
0.40% $1,000 5061.55 Learn More
0.40% $500 5171.38 Learn More
0.40% $100,000 5355.07 Learn More
0.40% $1,000 5125.02 Learn More
0.39% $1,000 5051.52 Learn More
0.35% $1,000 5146.48 Learn More
0.35% $1,000 5210.93 Learn More
0.35% $500 5292.95 Learn More
0.35% $500 5186.51 Learn More
0.35% $500 5354.88 Learn More
0.35% $1,000 5051.41 Learn More
0.35% $500 5145.58 Learn More
0.35% $100,000 5094.90 Learn More
0.35% $50,000 5074.15 Learn More
0.35% $10,000 5348.73 Learn More
0.35% $1,000 5074.17 Learn More
0.35% $1,000 5067.80 Learn More
0.35% $10,000 5325.03 Learn More
0.30% $2,500 5112.62 Learn More
0.30% $100,000 5234.34 Learn More
0.30% $1,000 5036.74 Learn More
0.30% $1 5125.15 Learn More
0.30% $1,000 5223.36 Learn More
0.30% $1,000 5227.89 Learn More
0.30% $500 5227.82 Learn More
0.30% $500 5213.85 Learn More
0.25% $1,000 5318.61 Learn More
0.25% $500 5156.07 Learn More
0.25% $500 5129.99 Learn More
0.25% $1,000 5129.49 Learn More
0.25% $1,000 5036.74 Learn More
0.25% $2,500 5096.26 Learn More
0.25% $10,000 5074.15 Learn More
0.25% $1,000 5345.82 Learn More
0.25% $1,000 5234.30 Learn More
0.25% $1,000 5327.52 Learn More
0.25% $500 5037.93 Learn More
0.25% $1,000 5033.51 Learn More
0.20% $1,000 5344.15 Learn More
0.20% $500 5206.39 Learn More
0.20% $50,000 5234.48 Learn More
0.20% $10,000 5100.63 Learn More
0.17% $250 5036.74 Learn More
0.15% $1,000 5347.61 Learn More
0.15% $1,000 5173.89 Learn More
0.15% $500 5100.34 Learn More
0.15% $100,000 5129.50 Learn More
0.15% $10,000 5233.99 Learn More
0.10% $10,000 5108.86 Learn More
0.10% $1,000 5051.42 Learn More
0.10% $500 5143.51 Learn More
0.10% $500 5236.42 Learn More
0.10% $1,000 5129.50 Learn More
0.10% $1,000 5355.07 Learn More
0.10% $10,000 5061.12 Learn More
0.10% $500 5105.10 Learn More
0.07% $10,000 5234.41 Learn More
0.05% $10,000 5234.41 Learn More
0.04% $10,000 5234.34 Learn More
0.01% $10,000 5234.48 Learn More
All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

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 2020

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

Find out how much extra money you can earn by moving your bank money into an account that pays more.

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