Tennessee Commerce Bank is offering a Savings Account that currently has an annual percentage yield of 2.30 percent. This high interest savings account is well above the national average savings account rate.

The savings rate is for balances between $250 to $100,000. The rate for savings account balances above $100,000 currently has an annual percentage yield of 1.50 percent.

There is a minimum $250 deposit to open account. You also have to maintain a minimum balance of $250 to avoid a $2.50 monthly fee. The downside to this account is there is a $2.50 charge for more than one withdrawal per month.