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Money market account and rates in Memphis, Tennessee

By Mitch Strohm · Bankrate.com
Wednesday, April 9, 2014
Posted: 3 pm ET

The average money market account rate is currently at 0.11 percent. Yet, there are still some banks and credit unions offering decent deals. Use our research to shop for a money market account and rates in Memphis, TN, today.

Money market accounts are very liquid. And they are also very safe, insured up to $250,000 per depositor. But it's important to compare the minimums and fees for each account before you settle.

Our tools can help you compare a money market account and rates in Memphis, TN, and in other areas of Tennessee.

Money market account and rates in Memphis, Tennessee

Here are the money market account rates in Memphis, TN, as of 10 a.m. on Wednesday.

Bank Institution Intro Rate Intro Months Rate After Intro APY Min. Bal. Open Min. Bal. Avoid Fees Monthly Fees
BancorpSouth Bank 0% 0 0.05% 0.05% $1,000 $1,000 $10
Bank of America 0% 0 0.03% 0.03% $25 $2,500 $12
First Tennessee Bank 0% 0 0.01% 0.01% $100 $5,000 $9
Regions Bank 0% 0 0.01% 0.01% $100 $2,500 $12
SunTrust Bank 0% 0 0.01% 0.01% $100 $5,000 $15

Calculate your money market account rate with our savings calculator.

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