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Tennessee Commerce Bank 
  ==>  " Tennessee Commerce Bank Best CD Rates with FDIC "   <==
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A survey of current CD rates and terms at Tennessee Commerce Bank  in Franklin, TN. You can often get higher than advertised rates at your local branch if you do your homework. Print out our "Highest CD Rate Survey" and bring it in with you. Print out some of the advertisement of rates advertised on your bank's competing web sites so you have proof.          Contact Information

Bottom line: It never hurts to ask the teller if better rates are available when you do your homework! 
        
==>  " Tennessee Commerce Bank Certificate of Deposit Accounts as of 9/7/09  <==
Minimum $2,500 to open
Rates for Deposits $2,500 to $99,000. Call for Jumbo Rates.

DurationRATEAPY %
3 Months .65 .65
6 Months 1.09 1.10
12 Months 1.88  1.90
18 Months 1.93 1.95
24 Months 2.47 2.50
36 Months 2.57 2.60
48 Months 2.67 2.70
60 Months 2.77 2.80

Savings - Personal & Business Balance Range      Rate APY
Tier 1
($0 to $100,000) 2.28 2.30
Tier 2
(Over $100,000) 1.49 1.50




Article: Beware of Annuities

Contact Info
381 Mallory Station Road, Suite 207
Franklin, Tennessee 37067-8264

Mail:
Tennessee Commerce Bank
381 Mallory Station Road, Suite 207
Franklin, Tennessee 37067-8264

Phone:
Local: (615) 599-2274
Toll Free: (877) 684-2265

Email:
Customer Service: cs@tncommercebank.com
Sales: sales@tncommercebank.com
General Info: info@tncommercebank.com
Investor Relations: ir@tncommercebank.com





It costs money to get new accounts so Banks often give you a deal if you are ready to walk out the door with a chashier's check after you close your CD.  

*APY = Annual Percentage Yield


Definition: 
A Certificate of Deposit or CD is certificate from a bank stating that the named party has a specified sum on deposit, usually for a given period of time at a fixed rate of interest.  Often there is a penalty for early withdrawal (taking your money out before the specified period of time.)

Definition:  A Liquid Certificate of Deposit gives you a CD rate that is usually better than most checking accounts while allowing more fluid access to your money.  That is you can take money out of the CD before it matures.  They usually pay higher rates than the offering bank's money market account but not the top rates of CDs held to the full term.  They are sort of "half and half" and thus offer rates that are inbetween the two.

Rates and terms may change at any time.  Contact the  bank for their current rates.




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