Best CD Rates, IRAs and Investments in Tennessee

Tennessee Banking Rates want to help you earn money, save money and put yourself in the best position for your own financial situation. If you have a savings account that you do not need for the rest of this year, it may be a good idea to invest into a 6-12 month CD and take advantage of the higher interest rates. You can earn up to 1% or more in a CD versus a savings account with a $5000 CD over 10 years; that can be over $500-$1000 more in interest payments with the higher CD rate.

Many local Tennessee credit unions offer competitive CD rates, money market accounts and IRAs, as do the larger national banks. If you want to get the highest interest rates, be sure to thoroughly research banks with the best offers before you make your decision. Tennessee Banking Rates has relationships with many banks to maximize the potential of finding the best rates.

Current Tennessee CD Rates News

 

Best Tennessee CD Account Rates

Featured RateBank / Credit UnionAccount Type
1.80%
As of August 30, 2010

View Rate Details
Discover Bank
Discover Bank
CD Account
Highest Rates Recent Rate Changes
Best Rates (APY)Bank / Credit UnionAccount Type
2.28%
As of March 20, 2010
View Rate Details Metropolitan Teachers Credit UnionCD Account
2.25%
As of May 19, 2010
View Rate Details Nashville Bank and Trust CompanyCD Account
2.02%
As of August 27, 2010
View Rate Details Jack Daniels Employees Credit UnionCD Account
2.00%
As of August 27, 2010
View Rate Details Mountain National BankCD Account
2.00%
As of August 24, 2010
View Rate Details Etma Credit UnionCD Account
Bank / Account TypeRate ChangeDate
 United Southeast Credit Union - 2 Year CD Account1.55% to 1.50%Sep 1, 2010
 United Southeast Credit Union - 12 Month CD Account1.30% to 1.25%Sep 1, 2010
 Healthcare Services Credit Union - 2 Year CD Account1.61% to 1.46%Aug 30, 2010
 Healthcare Services Credit Union - 12 Month CD Account1.15% to 1.05%Aug 30, 2010
 Healthcare Services Credit Union - 6 Month CD Account1.00% to 0.95%Aug 30, 2010
 

Is the Highest Tennessee CD Rate the Best Choice?

If you’re looking to open a Tennessee CD account, you’ve already made the best investment choice. But when it comes to picking between two top CD account rates, especially when rates are close to each other, it will pay off for you to investigate the banks further.

There are a few other factors that could come into play and affect your decision on which bank you should work with. For instance, if you’re already a customer or are familiar with one bank and are happy with their services, it would make sense for you to work with them because you know you’re in good hands. Also, you should check to see if either of the CD accounts has maintenance fees or other hidden costs that could really affect your earnings. Finally, make sure you consider the deposit term so you know you can be comfortable. Top rates can have extremely different deposit terms.

Learn more about how the best Tennessee CD rates can boost your financial portfolio as part of a CD laddering strategy today!

Top 3 Reasons Tennessee CDs are the Best Investment

Tennessee certificates of deposit are one of the rare investment types that will offer you many positives without any real drawbacks. The deal is even sweeter if you could find the top CD rates in your area because local banks and credit unions sometimes offer better rates than national banks. If you haven’t looked into opening up a CD account recently, here are 3 good reasons you should.

1. Wealth. Building wealth means accumulating more money without losing it one way or another, which is exactly what will happen with a CD account. You’ll never have to worry about losing your initial investment.

2. Safety. CD accounts are FDIC insured so you have a guarantee from the government that you will not lose your deposit.

3. Interest returns. CDs can offer some truly great rates, and best of all the returns are guaranteed provided you do not touch your initial deposit.

Find out more about how CDs can help you save towards a brighter financial future.

You Can’t Afford to Live Without a Tennessee CD

Tennessee, the Volunteer State, is a wonderful place to raise a family and retire provided you have the necessary means. If your finances are not quite where you want them to be, a solid investment strategy including the best Tennessee CD rates can help. With riskier investments swinging up and down all the time, it’s good to know that a certificate of deposit will continue to provide you with consistent returns.

The median income per household for Tennessee was a little over $38,000, ranking it 41st in the country at the time. But just because the median income ranks lower compared to other state doesn’t mean that savings aren’t high. These days, in order to really save for the future you need to be aggressive with your investment strategy, and CDs are one of the best ways for you to accomplish your goals.

You’ll be surprised at how much more interest your money could be earning with a CD account. Take a look at our CD rate comparison chart and find the top CD rate in your area.

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