Best Money Market Rates in Tennessee (TN) - May 2026
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Brian McKay
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Editorial Disclosure
The rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
Current Tennessee money market deposit account rates include Beacon Financial Credit UnionBeacon Financial Credit Union300 Med Tech Pkwy, Johnson City, TN 37604A+5.0 ★Texas Ratio: 3.50% DO MORE Money Market Account Share Accounts at 4.00% APY, U TU T2100 White Ave, Knoxville, TN 37916 2216A+5.0 ★Texas Ratio: 4.31% Business Money Market at 3.85% APY, Your Best Credit UnionYour Best Credit Union26 Century Blvd, Nashville, TN 37214 3683A+5.0 ★Texas Ratio: 0.14% Money Market at 3.56% APY, Y-12 Federal Credit UnionY-12 Federal Credit Union450 N Charles G Seivers Blvd, Clinton, TN 37716 3730A+5.0 ★Texas Ratio: 3.14% High Yield Money Market* at 3.50% APY, and TruistTruist736 Market St, Chattanooga, TN 37402A+5.0 ★Texas Ratio: 3.63% Small Business Money Market Account at 3.40% APY. Money market rates as of May 4, 2026 according to verified data from MonitorBankRates.
Use the tables below to compare money market rates across Tennessee side-by-side. Tennessee money market rates currently reach as high as 4.00% APY from Beacon Financial Credit Union at 300 Med Tech Pkwy, Johnson City, TN 37604. Rates are continually updated — we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Tennessee and surrounding area. Last Updated and Verified: May 4, 2026
Compare the Best Money Market Rates Today in Tennessee
Source: Verified Money Market Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
Beacon Financial Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.50%
300 Med Tech Pkwy, Johnson City, TN 37604
DO MORE Money Market Account Share Accounts
4.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedApr 19, 2026
Details
recurring monthly $500 Direct Deposit
U T
Institution Rating:
A+5.0 ★ Texas Ratio: 4.31%
2100 White Ave, Knoxville, TN 37916 2216
Business Money Market
3.85%
$0
▼
Rate3.78%
Min Deposit$0
Min Balance—
UpdatedMay 2, 2026
Details
Your Best Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.14%
26 Century Blvd, Nashville, TN 37214 3683
Money Market
3.56%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedApr 8, 2026
Details
as high as
Y-12 Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.14%
450 N Charles G Seivers Blvd, Clinton, TN 37716 3730
High Yield Money Market*
3.50%
$0
▼
Rate3.44%
Min Deposit$0
Min Balance—
UpdatedApr 25, 2026
Details
Qualifications Required: High Yield Checking account required; Must maintain a minimum average daily balance of $25,000 and meet High Yield Checking account qualifiers; Dividend Calculated Daily; Frequency of Compounding Quarterly
Truist
Institution Rating:
A+5.0 ★ Texas Ratio: 3.63%
736 Market St, Chattanooga, TN 37402
Small Business Money Market Account
3.40%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
U T
Institution Rating:
A+5.0 ★ Texas Ratio: 4.31%
2100 White Ave, Knoxville, TN 37916 2216
Business Money Market
3.30%
$0
▼
Rate3.25%
Min Deposit$0
Min Balance—
UpdatedMay 2, 2026
Details
Qualifying balance up to $249,999
Financial Federal Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.01%
1715 Aaron Brenner Dr, Memphis, TN 38120
Money Market
3.30%
$5,000
▼
Rate—
Min Deposit$5,000
Min Balance—
UpdatedMay 4, 2026
Details
Qualifying balance up to $100,000.00
UNIFY Financial Federal Credit Union
Institution Rating:
B4.4 ★ Texas Ratio: 21.76%
9525 Apison Pike, Collegedale, TN 37315
Money Market Plus Account
3.25%
$0
▼
Rate3.20%
Min Deposit$0
Min Balance—
UpdatedApr 18, 2026
Details
UNIFY Financial Federal Credit Union
Institution Rating:
B4.4 ★ Texas Ratio: 21.76%
9525 Apison Pike, Collegedale, TN 37315
Money Market Plus
3.25%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedApr 18, 2026
Details
CapStar Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.98%
215 Warren St, Madisonville, TN 37354
Money Market
3.25%
$20,000
▼
Rate—
Min Deposit$20,000
Min Balance—
UpdatedMay 4, 2026
Details
Qualifying balance up to $20,000.00
Financial Federal Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.01%
1715 Aaron Brenner Dr, Memphis, TN 38120
Money Market
3.20%
$5,000
▼
Rate—
Min Deposit$5,000
Min Balance—
UpdatedMay 4, 2026
Details
Ascend Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.48%
520 Airpark Dr, Tullahoma, TN 37388
High-Yield Money Market
3.14%
$0
▼
Rate3.10%
Min Deposit$0
Min Balance—
UpdatedApr 25, 2026
Details
Tennessee Valley Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.06%
535 Chestnut St, Chattanooga, TN 37402
Money Market Accounts
3.10%
$0
▼
Rate3.06%
Min Deposit$0
Min Balance—
UpdatedApr 17, 2026
Details
Tennessee Valley Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.06%
535 Chestnut St, Chattanooga, TN 37402
Business Money Market Accounts
3.10%
$0
▼
Rate3.06%
Min Deposit$0
Min Balance—
UpdatedApr 17, 2026
Details
Tennessee Valley Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.06%
535 Chestnut St, Chattanooga, TN 37402
Money Market Accounts
3.05%
$0
▼
Rate3.01%
Min Deposit$0
Min Balance—
UpdatedApr 17, 2026
Details
Tennessee Valley Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.06%
535 Chestnut St, Chattanooga, TN 37402
Business Money Market Accounts
3.05%
$0
▼
Rate3.01%
Min Deposit$0
Min Balance—
UpdatedApr 17, 2026
Details
Tennessee Valley Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.06%
535 Chestnut St, Chattanooga, TN 37402
Business Money Market Accounts
3.00%
$0
▼
Rate2.96%
Min Deposit$0
Min Balance—
UpdatedApr 17, 2026
Details
Tennessee Valley Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.06%
535 Chestnut St, Chattanooga, TN 37402
Money Market Accounts
3.00%
$0
▼
Rate2.96%
Min Deposit$0
Min Balance—
UpdatedApr 17, 2026
Details
Tennessee Valley Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.06%
535 Chestnut St, Chattanooga, TN 37402
Money Market Accounts
2.95%
$0
▼
Rate2.91%
Min Deposit$0
Min Balance—
UpdatedApr 17, 2026
Details
Tennessee Valley Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.06%
535 Chestnut St, Chattanooga, TN 37402
Business Money Market Accounts
2.95%
$0
▼
Rate2.91%
Min Deposit$0
Min Balance—
UpdatedApr 17, 2026
Details
Planters Bank & Trust Company
Institution Rating:
A+5.0 ★ Texas Ratio: 3.98%
7575 Poplar Ave, Germantown, TN 38138
High Yield Money Market
2.95%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Heritage South Community Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.62%
763 N Main St, Shelbyville, TN 37160 2846
Gold Share Money Market Account
2.78%
$0
▼
Rate2.75%
Min Deposit$0
Min Balance—
UpdatedApr 19, 2026
Details
Tennessee Valley Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.06%
535 Chestnut St, Chattanooga, TN 37402
Business Money Market Accounts
2.70%
$0
▼
Rate2.67%
Min Deposit$0
Min Balance—
UpdatedApr 17, 2026
Details
Tennessee Valley Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.06%
535 Chestnut St, Chattanooga, TN 37402
Money Market Accounts
2.70%
$0
▼
Rate2.67%
Min Deposit$0
Min Balance—
UpdatedApr 17, 2026
Details
Tennessee Valley Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.06%
535 Chestnut St, Chattanooga, TN 37402
Business Money Market Accounts
2.55%
$0
▼
Rate2.52%
Min Deposit$0
Min Balance—
UpdatedApr 17, 2026
Details
Tennessee Valley Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.06%
535 Chestnut St, Chattanooga, TN 37402
Money Market Accounts
2.55%
$0
▼
Rate2.52%
Min Deposit$0
Min Balance—
UpdatedApr 17, 2026
Details
Tennessee Valley Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.06%
535 Chestnut St, Chattanooga, TN 37402
Business Money Market Accounts
2.50%
$0
▼
Rate2.47%
Min Deposit$0
Min Balance—
UpdatedApr 17, 2026
Details
Tennessee Valley Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.06%
535 Chestnut St, Chattanooga, TN 37402
Money Market Accounts
2.50%
$0
▼
Rate2.47%
Min Deposit$0
Min Balance—
UpdatedApr 17, 2026
Details
Beacon Financial Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.50%
300 Med Tech Pkwy, Johnson City, TN 37604
DO MORE Money Market Account Share Accounts
2.50%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedApr 19, 2026
Details
recurring monthly $500 Direct Deposit
Cornerstone Financial Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.66%
1701 21st Ave s, Nashville, TN 37212 3703
Wealth Builder MMA
2.05%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedApr 19, 2026
Details
Cornerstone Financial Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.66%
1701 21st Ave s, Nashville, TN 37212 3703
Money Market
2.05%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedApr 19, 2026
Details
Staley Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.82%
198 Blair Bend Dr, Loudon, TN 37774
Preferred Money Market Accounts
2.02%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 2, 2026
Details
Eastman Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.31%
2021 Meadowview Ln, Kingsport, TN 37660
Individual Money Market Account
2.00%
$0
▼
Rate1.98%
Min Deposit$0
Min Balance—
UpdatedMay 2, 2026
Details
Beacon Financial Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.50%
300 Med Tech Pkwy, Johnson City, TN 37604
DO MORE Money Market Account Share Accounts
2.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedApr 19, 2026
Details
recurring monthly $500 Direct Deposit
EPB Employees Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.81%
1500 McCallie Ave, Chattanooga, TN 37404 2937
Money Markets
2.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 2, 2026
Details
EPB Employees Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.81%
1500 McCallie Ave, Chattanooga, TN 37404 2937
Money Market Account
2.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 2, 2026
Details
Redstone Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.00%
110 Bluff Dr, Fayetteville, TN 37334
Money Market Share Account
2.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedApr 25, 2026
Details
US Community Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.37%
89 Hermitage Ave, Nashville, TN 37210
Money Market Balance
1.81%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedApr 19, 2026
Details
$100,000.00 and Over
Eastman Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.31%
2021 Meadowview Ln, Kingsport, TN 37660
Individual Money Market Account
1.80%
$0
▼
Rate1.79%
Min Deposit$0
Min Balance—
UpdatedMay 2, 2026
Details
Redstone Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.00%
110 Bluff Dr, Fayetteville, TN 37334
Money Market Share Account
1.80%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedApr 25, 2026
Details
Staley Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.82%
198 Blair Bend Dr, Loudon, TN 37774
Preferred Money Market Accounts
1.76%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 2, 2026
Details
ORNL
Institution Rating:
A+5.0 ★ Texas Ratio: 1.71%
1117 N Charles G Seivers Blvd, Clinton, TN 37716 3943
Money Market
1.75%
$0
▼
Rate1.74%
Min Deposit$0
Min Balance—
UpdatedMay 2, 2026
Details
Firefighters First Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.58%
5150 Stage Rd Ste 102, Memphis, TN 38134 3169
Traditional/Roth IRA Money Market
1.75%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 2, 2026
Details
Firefighters First Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.58%
5150 Stage Rd Ste 102, Memphis, TN 38134 3169
Money Market
1.75%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 2, 2026
Details
Nashville Post Office Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.43%
10 Rachel Dr, Nashville, TN 37214
and up Money Market
1.75%
$100,000
▼
Rate1.75%
Min Deposit$100,000
Min Balance—
UpdatedApr 19, 2026
Details
$100,000
FedEx Employees Credit Association Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.11%
50 Fed Ex Pkwy, Collierville, TN 38017 8711
Money Market* or more
1.75%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedApr 27, 2026
Details
$100,000
Tennessee Members 1st Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.71%
112 Administration Rd, Oak Ridge, TN 37830
Money Market
1.75%
$0
▼
Rate1.74%
Min Deposit$0
Min Balance—
UpdatedApr 18, 2026
Details
Firefighters First Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.58%
5150 Stage Rd Ste 102, Memphis, TN 38134 3169
Traditional/Roth IRA Money Market
1.70%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 2, 2026
Details
Firefighters First Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.58%
5150 Stage Rd Ste 102, Memphis, TN 38134 3169
Money Market
1.70%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 2, 2026
Details
US Community Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.37%
89 Hermitage Ave, Nashville, TN 37210
Money Market Balance
1.66%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedApr 19, 2026
Details
$25,000.00 - $99,999.99
Firefighters First Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.58%
5150 Stage Rd Ste 102, Memphis, TN 38134 3169
Money Market
1.65%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 2, 2026
Details
Firefighters First Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.58%
5150 Stage Rd Ste 102, Memphis, TN 38134 3169
Traditional/Roth IRA Money Market
1.65%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 2, 2026
Details
Redstone Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.00%
110 Bluff Dr, Fayetteville, TN 37334
Money Market Share Account
1.60%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedApr 25, 2026
Details
FedEx Employees Credit Association Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.11%
50 Fed Ex Pkwy, Collierville, TN 38017 8711
Money Market*
1.60%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedApr 27, 2026
Details
$50,000 - $99,999.99
Firefighters First Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.58%
5150 Stage Rd Ste 102, Memphis, TN 38134 3169
Money Market
1.60%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 2, 2026
Details
Firefighters First Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.58%
5150 Stage Rd Ste 102, Memphis, TN 38134 3169
Traditional/Roth IRA Money Market
1.60%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 2, 2026
Details
FedEx Employees Credit Association Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.11%
50 Fed Ex Pkwy, Collierville, TN 38017 8711
Money Market*
1.55%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedApr 27, 2026
Details
$25,000 - $49,999.99
Staley Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.82%
198 Blair Bend Dr, Loudon, TN 37774
Preferred Money Market Accounts
1.51%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 2, 2026
Details
Tennessee State Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.56%
2210 Parkway, Pigeon Forge, TN 37863
Commercial Money Market
1.50%
$2,500
▼
Rate1.50%
Min Deposit$2,500
Min Balance—
UpdatedMay 4, 2026
Details
Tennessee State Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.56%
2210 Parkway, Pigeon Forge, TN 37863
Money Market
1.50%
$2,500
▼
Rate1.50%
Min Deposit$2,500
Min Balance—
UpdatedMay 4, 2026
Details
ORNL
Institution Rating:
A+5.0 ★ Texas Ratio: 1.71%
1117 N Charles G Seivers Blvd, Clinton, TN 37716 3943
Money Market
1.25%
$0
▼
Rate1.24%
Min Deposit$0
Min Balance—
UpdatedMay 2, 2026
Details
U T
Institution Rating:
A+5.0 ★ Texas Ratio: 4.31%
2100 White Ave, Knoxville, TN 37916 2216
Business Money Market
1.25%
$0
▼
Rate1.24%
Min Deposit$0
Min Balance—
UpdatedMay 2, 2026
Details
Qualifying balance up to $99,999
Tennessee State Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.56%
2210 Parkway, Pigeon Forge, TN 37863
Commercial Money Market
1.20%
$2,500
▼
Rate1.20%
Min Deposit$2,500
Min Balance—
UpdatedMay 4, 2026
Details
Tennessee State Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.56%
2210 Parkway, Pigeon Forge, TN 37863
Money Market
1.20%
$2,500
▼
Rate1.20%
Min Deposit$2,500
Min Balance—
UpdatedMay 4, 2026
Details
Tennessee State Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.56%
2210 Parkway, Pigeon Forge, TN 37863
Money Market
1.00%
$2,500
▼
Rate1.00%
Min Deposit$2,500
Min Balance—
UpdatedMay 4, 2026
Details
Tennessee State Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.56%
2210 Parkway, Pigeon Forge, TN 37863
Commercial Money Market
1.00%
$2,500
▼
Rate1.00%
Min Deposit$2,500
Min Balance—
UpdatedMay 4, 2026
Details
First Horizon
Institution Rating:
A+5.0 ★ Texas Ratio: 5.08%
668 Nashville Pike, Gallatin, TN 37066
TotalView Money Market Savings
0.75%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
First Horizon
Institution Rating:
A+5.0 ★ Texas Ratio: 5.08%
668 Nashville Pike, Gallatin, TN 37066
TotalView Money Market Savings
0.60%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Volunteer State Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.33%
9000 Carothers Pkwy, Franklin, TN 37067
Money Market
0.60%
$0
▼
Rate0.60%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
First Jackson Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.12%
201 Battlecreek Rd, South Pittsburg, TN 37380
Money Market Tiered
0.60%
$0
▼
Rate0.60%
Min Deposit$0
Min Balance—
UpdatedMay 3, 2026
Details
Volunteer State Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.33%
9000 Carothers Pkwy, Franklin, TN 37067
Money Market
0.55%
$0
▼
Rate0.55%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
First Horizon
Institution Rating:
A+5.0 ★ Texas Ratio: 5.08%
668 Nashville Pike, Gallatin, TN 37066
TotalView Money Market Savings
0.50%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
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MonitorBankRates
The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice. Rates reflect recent market quotes and representative offers available to depositors in Tennessee and the surrounding area.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
Tennessee Money Market Rate Trends
Compare local Tennessee money market quotes against the statewide average
Daily money market rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
High-Yield MMA — TN Avg
3.238%
Unchanged vs 7 days ago
Tennessee high-yield MMA rates currently average 3.238% APY.
Standard MMA — TN Avg
0.485%
Unchanged vs 7 days ago
Tennessee standard MMA rates currently average 0.485% APY.
As of May 5, 2026 • Rate data sourced from 8,500+ monitored institutions
Powered by MonitorBankRates
Methodology & Data Sources
Direct-Sourced & Verified Money Market Rate Data: We aggregate money market deposit account rates for Tennessee directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every money market rate displayed on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available yields in Tennessee. We feature a comprehensive mix of institutions from neighborhood credit unions and mid-sized regional banks to large national institutions available to savers in TN.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update money market rates daily. Because MMA yields can fluctuate rapidly based on market conditions, every product listed features its own specific “last updated” date, giving you complete transparency.
Frequently Asked Questions about Money Market Accounts in Tennessee
What is a Money Market Account (MMA)?
A Money Market Account (MMA), formally known as a money market deposit account (MMDA), is a type of deposit account that often pays higher interest rates than standard savings accounts. They usually come with check-writing privileges and debit card access, offering a balance of growth and liquidity for savers in Tennessee.
Are Money Market accounts in Tennessee safe?
Yes, as long as the institution is FDIC insured (for banks) or NCUA insured (for credit unions). This provides federal protection for your deposits in Tennessee up to $250,000 per depositor, per institution.
How often do MMA rates change in Tennessee?
Money market rates are variable and can change at any time based on market conditions and Federal Reserve decisions. We update our local Tennessee rate tables daily to ensure you see the most current high-yield options.
Can I write checks from a Money Market Account?
Yes, most Money Market Accounts allow you to write a limited number of checks or make debit card transactions each month (typically up to 6), making them more flexible than a standard savings account.
How much do I need to deposit to open a money market account in Tennessee?
Minimum deposit requirements vary widely. Some online money market deposit accounts can be opened with no minimum, while many banks and credit unions in Tennessee require an initial deposit of $1,000 to $2,500 to earn the highest advertised APY. Larger deposits often unlock higher rate tiers, and FDIC or NCUA insurance protects deposits up to $250,000 per depositor, per institution.
Best Money Market Rates in Tennessee
Here are some of the highest money market account APYs currently available in Tennessee:
- Beacon Financial Credit Union
DO MORE Money Market Account Share Accounts — 4.00% APY - U T
Business Money Market — 3.85% APY - Your Best Credit Union
Money Market — 3.56% APY - Y-12 Federal Credit Union
High Yield Money Market* — 3.50% APY - Truist
Small Business Money Market Account — 3.40% APY
Money Market Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Tennessee. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: May 4, 2026
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