CD rates in Memphis, Tennessee

Daily Mortgage blog

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CD rates in Memphis, TN, are pretty low. In fact, rates are low throughout the nation – the Fed is making sure of that. Fortunately, several institutions are offering much better deals. Make sure to check your local credit union as well as online banks for higher rates.

You don’t have to worry about your money being safe in a traditional CD. They are insured up to $250,000 per depositor. Just keep in mind that you’re locking you money up for a specific amount of time when you invest in a certificate of deposit. And most institutions have stiff penalties for withdrawing your money early. Use our research today to find the best CD rates in Memphis, TN, and in other areas of Tennessee.

CD rates in Memphis, Tennessee

Here are the CD rates in Memphis, TN, as of 10:00 a.m. on Friday.

Institution APY Min Deposit
Ally 1.04% $0
BancorpSouth Bank 0.45% $5,000
First Tennessee Bank 0.15% $500
SunTrust Bank 0.1% $2,000
Magna Bank 0.6% $1,000