Tennessee Commerce Bank’s certificate of deposit rates
Recently, Tennessee Commerce Bank has been showing some very competitive rates with their savings accounts and certificate of deposit products, so we figured we give you a run-down of their current offerings. Currently they have an online savings account that is yielding 2.30% APY for balances up to $100k. This account has a second tier which accommodates balances of $100k and above and it only yields an APY of 1.50%.
A Note From Tennessee Commerce Bank: We are a different kind of bank, a true “business bank,” we have built-in cost efficiencies that translate into better rates for our customers. Check our rates against the competition and we think you’ll find that TCB takes care of you…and your business
Tennessee Commerce Bank CD Rates:
(as seen on their rates page)
| Duration | RATE | APY |
| 3 Months | .70 | .70 |
| 6 Months | 1.14 | 1.15 |
| 12 Months | 1.88 | 1.90 |
| 18 Months | 2.08 | 2.10 |
| 24 Months | 2.23 | 2.25 |
| 36 Months | 2.47 | 2.50 |
| 48 Months | 2.72 | 2.75 |
| 60 Months | 2.81 | 2.85 |
Terms and Conditions:
A minimum deposit amount of $2,500 is required to open. Annual Percentage Yields (APY) for deposit instruments with no maturities or maturities of less than one year assume reinvestment at the current rate for original term. Interest is accrued daily and compounded monthly. Interest rates are subject to change without notice. An interest penalty is required on early withdrawal of time deposits. Regular fees or other conditions could reduce the yield
