Tennessee Commerce Bank Relationship Savings Rates
Tennessee Commerce Bank (TCB) is always offering very competitive savings rates and CD rates and they just upped the ante on their savings account rates. This month they started offering higher savings rates provided you have a checking account with TCB.
The interest rates on their savings accounts are tiered and naturally, the higher the account balance the higher the interest rate. The best rate of 1.59 percent with an APY of 1.60 percent goes to accounts with balances of $250,00 or more. This is their Tier 4 savings rate.
If you don't have a quarter million to sock away into a savings account, TCB's rates on accounts of $100,000 to $250,000 (Tier 3) are 1.54% with an APY of 1.55%. Other rates include their Tier 2 rate of 1.49% with an APY of 1.50 for account balances of $250 to $99,999.
If you don't want to open a checking account with TCB they are also offering a regular savings account rate of 1.29% with an APY of 1.30%.
You can open a personal savings account at TCB here: TCB Savings Account Application.
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