Tennessee CD Rates: Highest 12 Month Rates at 1.40%, Best 3 Month Rate at 0.70%

The current national average 12 month CD interest rate is 0.68 percent this morning. Of course there are rates from banks and credit unions that are higher than the national average. We searched our 12 month rate tables in the State of Tennessee and found Bank of Internet is offering 12 month rates double the national average rate. The bank's current 1 year CD rate is 1.40 percent with a CD yield of 1.41 percent.

Next on our list of the top 12 month rates in TN is from Discover Bank and Sallie Mae Bank. Both banks are offering 1 year bank CD rates at 1.29 percent with a yield of 1.30 percent.

Moving onto the best 3 month TN CD rates. The highest 3 month rates on our CD list are from Cornerstone Community Bank and Bank of Bartlett. Both banks are offering 3 month rates at 0.70 percent with yields at 0.70 percent. The current national average 3 month rate is only 0.27 percent.

Ally Bank is close behind with the second best 3 month rate. Ally Bank's current rate is 0.64 percent with a CD yield of 0.64 percent. Although Ally's rate is the second best rate on our list their rate is still more than double the average 3 month CD rates at banks and credit unions.

Top 12 month CD Yields in Tennessee

• Bank of Internet USA 1.41% Min $1000 

• Discover Bank 1.30% Min $2500 

• Sallie Mae 1.30% Min $ 1 

• Ally Bank 1.29% Min $ 1 

• Pentagon Federal Credit Union 1.26% Min $1000

• Nationwide Bank 1.25% Min $10,000

Top 3 Month CD Yields in Tennessee

• Cornerstone Community Bank 0.70% Min $1000 

• Bank of Bartlett 0.70% Min $1000 

• Ally Bank 0.64% Min $ 1 

• Discover Bank 0.60% Min $2500 

• Giantbank.com 0.60% Min $2500 

• Nationwide Bank 0.60% Min $10,000 

• Tennessee Commerce Bank 0.55% Min $2500 

• EverBank 0.55% Min $1500