Banks in Memphis with the Highest Interest Rates Today

Are you looking for the top bank rates near you? Today, Memphis Banking Rates collects interest rate information from a total of 13 banks in Memphis. Below is a look at the average rates and highest rates for deposit accounts among those banks.

Current Average Deposit Rates at Memphis Banks

The following are the average rates for CD and savings accounts in Memphis so you have a benchmark to compare other offers against.
Average 6-Month CD Rate: 0.42% APY
Average 1-Year CD Rate: 0.65% APY
Average 2-Year CD Rate: 0.77% APY
Average Savings Rate: 0.2% APY

Memphis Banks with the Best CD Rates

Below are the banks in and around Memphis with the highest interest rates. Are you currently earning the best possible rates?

6-Month CD

• Citizens Savings Bank and Trust Company Nashville Tennessee: 0.65%
• Tri-State Bank of Memphis: 0.31%
• First Tennessee Bank: 0.3%

12-Month CD

• Citizens Savings Bank and Trust Company Nashville Tennessee: 0.9%
• MAGNA BANK: 0.9%
• Tri-State Bank of Memphis: 0.4%

24-Month CD

• Citizens Savings Bank and Trust Company Nashville Tennessee: 1.06%
• MAGNA BANK: 1%
• Tri-State Bank of Memphis: 0.5%

• Citizens Savings Bank and Trust Company Nashville Tennessee: 0.25%
• Tri-State Bank of Memphis: 0.25%
• First Tennessee Bank: 0.1%

Please note that the above rates are up-to-date as of 7/26/11, but are subject to change at any time in the future. Contact the individual bank to verify rates before opening an account.