The average national one-year CD rate actually bounced back from last week’s record low, moving up one basis point to 0.31 percent – a basis point is one-hundredth of a percentage point. Several institutions are offering rates well above the national average; you’ll just have to do some shopping in order to find them. You can use our rates survey to find the best CD rates in Nashville, TN, and in other areas of Tennessee.
Traditional CDs are undoubtedly a safe investment. They are insured up to $250,000 per depositor. But they aren’t liquid. Most institutions have stiff penalties for withdrawing your money early. Use our research to find CD rates in Nashville, TN.