Why is finding the best CD rate in Tennessee so important? If you don’t need to access your money for a while, depositing in a CD could yield you higher interest rates.
Don’t worry if you don’t know how to find the best CD rates. Tennessee Banking Rates exists to bring you current CD rates information from our huge database of banks and credit unions so locating the most competitive CD rates in Tennessee is easy.

As we start off the New Year with our savings goals in mind, now is a great time to invest in a Tennessee certificate of deposit account because the interest rates offered by various financial institutions in Tennessee are exceeding the current state rate averages.
To help you take advantage of the these rates,  we have filtered through our database of 3,000 banks and credit unions to bring you the most competitive rates in your area.

Whether you’re looking for a short-term CD of only six months, or a longer investment period of one to two years, the interest rate you earn greatly determines whether you made a wise investment choice. Not all bank CD rates are competitive with the current national or state average, so thoroughly research your options before committing your funds to an account.

Average Tennessee CD Rates

Currently, the average 6-month CD rate in Tennessee is .96% APY. One and two year CDs are not a whole lot better at 1.18% APY and 1.50% APY, respectively. That doesn’t mean you can’t obtain a better interest rate on your certificate of deposit, though; you just have to know where to look.

Banks and Credit Unions with the Best Tennessee CD Rates

The following are the top TN banks and credit unions offering the best CD rates in the state:

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.

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.

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.

Tennessee Banking Rates wants 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.