Best CD Rates in Tennessee
Vikram Singh
Best 6-Month CD Rates in Tennessee

Bank or Credit Union Name: Bask Bank
Minimum Amount: $1000.00
APY / Rate: 4.45% APY
Pros:
- FDIC Approved Bank
- Terms available from 6-24 months
- Top-tier APY rate with secured return guaranteed
- Customer-friendly terms
Rules:
- New customers have to open an account with the bank before investing in Bask Bank’s CDs.
- CDs can be opened at the bank as well as online
- The minimum deposit amount of $1000 must be deposited to the account within 10 days of account opening
- Early withdrawal is subject to a penalty.
- Investors can withdraw the interest credited to the account without any penalty.
- There is a 10 days grace period after maturity to make additional deposits to the CD.

Bank or Credit Union Name: First Internet Bank of Indiana
Minimum Amount: $1000.00
APY / Rate: 4.39% APY
Pros:
- Online-only CD options are available
- Highly competitive CD rates in a 1-year term
- Early withdrawal penalties are decent
- FDIC-insured bank with investment covered to the max
- Terms ranging from 3 months to 5 years
Rules:
- Interest on CDs is compounded monthly and added to the account at the month’s end.
- Early withdrawal incurs a penalty amounting to:
1- 90 days interest for a 3-month term
2- 180 days interest for a 6-18 month term
3- 365 days interest for 24-60 month term
Best 12-Month CD Rates in Tennessee

Bank or Credit Union Name: CFG Community Bank
Minimum Amount: $500.00
APY / Rate: 5.00% APY
Pros:
- The high yield rate of interest
- A decent minimum amount required
- FDIC-insured banking option
- Strong customer support system
Rules:
- To open a CD an investor can approach the bank online or in-branch.
- The minimum deposit allowed in a CD is $500 and the maximum limit is set at $250,000.
- The interest on the CD is compounded monthly.
- Premature withdrawal from the CD is subject to a penalty.

Bank or Credit Union Name: Navy Federal Credit Union
Minimum Amount: $1000
APY Rate: 4.40% APY
Pros:
- Certificates at competitive prices
- Most savings and checking accounts have no monthly fees.
- A large network of fee-free ATMs
Rules:
- Five CD options available through Navy Federal
- Standard certificate rates are based on both term length and balance amount.
Best 3 Years CD Rates in Tennessee

Bank or Credit Union Name: CFG Community Bank
Minimum Amount: $500.00
APY / Rate: 4.60% APY
Pros:
- The high yield rate of interest
- A decent minimum amount required
- FDIC-insured banking option
- Strong customer support system
Rules:
- To open a CD an investor can approach the bank online or in-branch.
- The minimum deposit allowed in a CD is $500 and the maximum limit is set at $250,000.
- The interest on the CD is compounded monthly.
- Premature withdrawal from the CD is subject to a penalty.

Bank or Credit Union Name: BMO Harris
Minimum Amount: $1000
APY / Rate: 4.50%
Pros:
- Competitive CD rates
- Decent minimum balance requirement
- Easy CD withdrawal methods
- 3-months to 60-month term available
Rules:
- A CD can be opened via mobile, online,, or telephone.
- The interest on the CD is compounded monthly and added to the account on a fixed date every month.
- There is a penalty for early withdrawal which depends on the term and amount of the CD.
- Any changes to the CD regarding the amount or term can be made within the grace period of penalty days post maturity.
Best 5 Years CD Rates in Tennessee

Bank or Credit Union Name: Popular Direct
Minimum Amount: $10000.00
APY / Rate: 4.55% APY
Pros:
- Highly competitive rates for 6-month CDs
- 24/7 access to the bank account
- No hidden fees or charges
- Customer support for all sorts of queries and concerns
- FDIC-insured bank up to maximum
Rules:
- APY can be earned assuming the interest and the principal remains on deposit until maturity.
- Interest is compounded monthly and added to the account at the end of the month.
- Early withdrawal fetches a penalty and there is a grace period after maturity to add additional funds to the CD

Bank or Credit Union Name: First Internet Bank of Indiana
Minimum Amount: $1000.00
APY / Rate: 4.39% APY
Pros:
- Online-only CD options are available
- Highly competitive CD rates in a 1-year term
- Early withdrawal penalties are decent
- FDIC-insured bank with investment covered to the max
- Terms ranging from 3 months to 5 years
Rules:
- Interest on CDs is compounded monthly and added to the account at the month’s end.
- Early withdrawal incurs a penalty amounting to:
1- 90 days interest for a 3-month term
2- 180 days interest for a 6-18 month term
3- 365 days interest for 24-60 month term