Highest CD Rates Info

First Tennessee Bank offers three kinds of CD products and they are Regular CD, Add-On CD and RateClimber CD. The regular CD has flexible payment options and the period of investment can vary from 1 month to 60 months. The interest is compounded annually and the interest is paid out monthly, quarterly, semi-annually or yearly.

The RateClimber CD is a new product that allows users to increase their rate once during the period of investment. It comes with other benefits such as low opening amount and no fees. They offer three maturity periods – 12 months, 24 months and 36 months for this product. The third kind of CD is the Add-On CD in which users can add unlimited amount of money to their existing deposit from time to time and each deposit can be as low as $25. It also comes with one penalty-free withdrawal every six months and the interest is added back to the CD.

The current CD rates are 0.15% for 30 or 60 days and this increases to 0.20% for 90 days. For 180 days, the First Tennessee Bank CD rates are 0.30% and for 270 days , it is 0.50%. The First Tennessee CD rates are 1% for 24 months, 1.40% for 36 months, 1.80% for 48 months and 2.25% for 60 months respectively. These are one of the highest CD rates available in the market. All deposits are insured by FDIC for up to $250,000. These different options and the good interest rates make it a very attractive option for investors.