Best Money Market Rates in Franklin, Tennessee (TN) - May 2026
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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 Franklin, Tennessee and the surrounding area money market deposit account rates include Ascend Federal Credit UnionAscend Federal Credit Union3150 Aspen Grove Dr, Franklin, TN 37067 8229A+5.0 ★Texas Ratio: 2.48% Business Money Market at 3.56% APY, TruistTruist201 N College Dr, Franklin, VA 23851A+5.0 ★Texas Ratio: 3.63% Small Business Money Market Account at 3.40% APY, Cornerstone Financial Credit UnionCornerstone Financial Credit Union102 Werthan Cir, Franklin, TN 37064 4019A5.0 ★Texas Ratio: 6.66% Business Money Market at 2.05% APY, Veritas Federal Credit UnionVeritas Federal Credit Union1 Nissan Way, Franklin, TN 37067A5.0 ★Texas Ratio: 9.95% Money Market at 1.50% APY, and Southeast Financial Credit UnionSoutheast Financial Credit Union220 S Royal Oaks Blvd, Franklin, TN 37064 5313A5.0 ★Texas Ratio: 10.03% Money Market Account at 1.50% APY. Money market rates as of May 12, 2026 according to verified data from MonitorBankRates.
Franklin has 7 local institutions in our database, with money market rates as high as 3.56% APY from Ascend Federal Credit Union at 3150 Aspen Grove Dr, Franklin, TN 37067 8229. Use the table below to compare all available offers, including options from institutions serving the broader Tennessee area. Rates are continually updated — we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Franklin, Tennessee and surrounding area. Last Updated and Verified: May 12, 2026
Compare the Best Money Market Rates Today in Franklin, Tennessee & the Surrounding Area
Source: Verified Money Market Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
Ascend Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.48%
3150 Aspen Grove Dr, Franklin, TN 37067 8229
Traditional Money Market
3.56%
$0
▼
Rate3.50%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Ascend Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.48%
3150 Aspen Grove Dr, Franklin, TN 37067 8229
Business Money Market
3.56%
$0
▼
Rate3.50%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Truist
Institution Rating:
A+5.0 ★ Texas Ratio: 3.63%
201 N College Dr, Franklin, VA 23851
Small Business Money Market Account
3.40%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Ascend Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.48%
3150 Aspen Grove Dr, Franklin, TN 37067 8229
High-Yield Money Market
3.14%
$0
▼
Rate3.10%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Cornerstone Financial Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.66%
102 Werthan Cir, Franklin, TN 37064 4019
Wealth Builder MMA
2.05%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Cornerstone Financial Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.66%
102 Werthan Cir, Franklin, TN 37064 4019
Personal Money Market
2.05%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Cornerstone Financial Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.66%
102 Werthan Cir, Franklin, TN 37064 4019
Money Market
2.05%
$250,000
▼
Rate—
Min Deposit$250,000
Min Balance—
UpdatedMay 12, 2026
Details
Cornerstone Financial Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.66%
102 Werthan Cir, Franklin, TN 37064 4019
Business Money Market
2.05%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Southeast Financial Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 10.03%
220 S Royal Oaks Blvd, Franklin, TN 37064 5313
Money Market Account
1.50%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Veritas Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.95%
1 Nissan Way, Franklin, TN 37067
Money Market
1.50%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
Cornerstone Financial Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.66%
102 Werthan Cir, Franklin, TN 37064 4019
Personal Money Market
1.40%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Cornerstone Financial Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.66%
102 Werthan Cir, Franklin, TN 37064 4019
Money Market
1.40%
$100,000
▼
Rate—
Min Deposit$100,000
Min Balance—
UpdatedMay 12, 2026
Details
Cornerstone Financial Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.66%
102 Werthan Cir, Franklin, TN 37064 4019
Business Money Market
1.40%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Cornerstone Financial Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.66%
102 Werthan Cir, Franklin, TN 37064 4019
Wealth Builder MMA
1.40%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Ascend Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.48%
3150 Aspen Grove Dr, Franklin, TN 37067 8229
Business Money Market
1.36%
$0
▼
Rate1.35%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Ascend Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.48%
3150 Aspen Grove Dr, Franklin, TN 37067 8229
Traditional Money Market
1.36%
$0
▼
Rate1.35%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Southeast Financial Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 10.03%
220 S Royal Oaks Blvd, Franklin, TN 37064 5313
Money Market Account
1.35%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Ascend Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.48%
3150 Aspen Grove Dr, Franklin, TN 37067 8229
Business Money Market
1.31%
$0
▼
Rate1.30%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Ascend Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.48%
3150 Aspen Grove Dr, Franklin, TN 37067 8229
Traditional Money Market
1.31%
$0
▼
Rate1.30%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Cornerstone Financial Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.66%
102 Werthan Cir, Franklin, TN 37064 4019
Wealth Builder MMA
1.20%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Cornerstone Financial Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.66%
102 Werthan Cir, Franklin, TN 37064 4019
Business Money Market
1.20%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Cornerstone Financial Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.66%
102 Werthan Cir, Franklin, TN 37064 4019
Personal Money Market
1.20%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Cornerstone Financial Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.66%
102 Werthan Cir, Franklin, TN 37064 4019
Money Market
1.20%
$50,000
▼
Rate—
Min Deposit$50,000
Min Balance—
UpdatedMay 12, 2026
Details
Southeast Financial Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 10.03%
220 S Royal Oaks Blvd, Franklin, TN 37064 5313
Money Market Account
1.20%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Southeast Financial Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 10.03%
220 S Royal Oaks Blvd, Franklin, TN 37064 5313
Money Market Account
1.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Cornerstone Financial Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.66%
102 Werthan Cir, Franklin, TN 37064 4019
Wealth Builder MMA
1.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Cornerstone Financial Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.66%
102 Werthan Cir, Franklin, TN 37064 4019
Personal Money Market
1.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Cornerstone Financial Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.66%
102 Werthan Cir, Franklin, TN 37064 4019
Business Money Market
0.85%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Cornerstone Financial Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.66%
102 Werthan Cir, Franklin, TN 37064 4019
Money Market
0.85%
$10,000
▼
Rate—
Min Deposit$10,000
Min Balance—
UpdatedMay 12, 2026
Details
Cornerstone Financial Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.66%
102 Werthan Cir, Franklin, TN 37064 4019
Personal Money Market
0.85%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Cornerstone Financial Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.66%
102 Werthan Cir, Franklin, TN 37064 4019
Wealth Builder MMA
0.85%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
First Horizon
Institution Rating:
A+5.0 ★ Texas Ratio: 5.08%
231 Public Sq, Franklin, TN 37064
TotalView Money Market Savings
0.75%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Southeast Financial Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 10.03%
220 S Royal Oaks Blvd, Franklin, TN 37064 5313
Money Market Account
0.75%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Cornerstone Financial Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.66%
102 Werthan Cir, Franklin, TN 37064 4019
Wealth Builder MMA
0.70%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Cornerstone Financial Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.66%
102 Werthan Cir, Franklin, TN 37064 4019
Personal Money Market
0.70%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Southeast Financial Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 10.03%
220 S Royal Oaks Blvd, Franklin, TN 37064 5313
Money Market Account
0.60%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
First Horizon
Institution Rating:
A+5.0 ★ Texas Ratio: 5.08%
231 Public Sq, Franklin, TN 37064
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
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
Volunteer State Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.33%
9000 Carothers Pkwy, Franklin, TN 37067
Money Market
0.50%
$0
▼
Rate0.50%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Ascend Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.48%
3150 Aspen Grove Dr, Franklin, TN 37067 8229
Traditional Money Market
0.50%
$0
▼
Rate0.50%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Ascend Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.48%
3150 Aspen Grove Dr, Franklin, TN 37067 8229
Business Money Market
0.50%
$0
▼
Rate0.50%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
First Horizon
Institution Rating:
A+5.0 ★ Texas Ratio: 5.08%
231 Public Sq, Franklin, TN 37064
TotalView Money Market Savings
0.50%
$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
0.40%
$0
▼
Rate0.40%
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
0.35%
$0
▼
Rate0.35%
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
0.25%
$0
▼
Rate0.25%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Ascend Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.48%
3150 Aspen Grove Dr, Franklin, TN 37067 8229
Business Money Market
0.20%
$0
▼
Rate0.20%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Ascend Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.48%
3150 Aspen Grove Dr, Franklin, TN 37067 8229
Traditional Money Market
0.20%
$0
▼
Rate0.20%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
First Horizon
Institution Rating:
A+5.0 ★ Texas Ratio: 5.08%
231 Public Sq, Franklin, TN 37064
Money Market Savings
0.15%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
First Horizon
Institution Rating:
A+5.0 ★ Texas Ratio: 5.08%
231 Public Sq, Franklin, TN 37064
Money Market Savings
0.10%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Southeast Financial Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 10.03%
220 S Royal Oaks Blvd, Franklin, TN 37064 5313
Money Market Account
0.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Beacon Financial Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.50%
DO MORE Money Market Account
4.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
with recurring monthly $500 Direct Deposit
Rate3.78%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
$250,000 and over
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Y-12 Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.14%
Business High Yield Money Market
3.50%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Qualifications Required: maintain a balance of $50,000 in a business checking account or a business loan(s) minimum balance of $250,000; Qualifying balance up to $250,000.00
Nashville Firemens Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 5.11%
Money Market
3.33%
$0
▼
Rate3.33%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Rate3.25%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
$100,000-$249,999
Financial Federal Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.01%
Money Market
3.30%
$5,000
▼
Rate—
Min Deposit$5,000
Min Balance—
UpdatedMay 4, 2026
Details
Qualifying balance up to $100,000.00
Rate—
Min Deposit$20,000
Min Balance—
UpdatedMay 4, 2026
Details
Qualifying balance up to $20,000.00
UNIFY Financial Federal Credit Union
Institution Rating:
B4.4 ★ Texas Ratio: 21.76%
Money Market Plus Account
3.25%
$0
▼
Rate3.20%
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
Financial Federal Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.01%
Money Market
3.20%
$5,000
▼
Rate—
Min Deposit$5,000
Min Balance—
UpdatedMay 4, 2026
Details
Tennessee Valley Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.06%
Money Market Accounts
3.10%
$0
▼
Rate3.06%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Tennessee Valley Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.06%
Business Money Market Accounts
3.10%
$0
▼
Rate3.06%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Tennessee Valley Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.06%
Money Market Accounts
3.05%
$0
▼
Rate3.01%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Tennessee Valley Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.06%
Business Money Market Accounts
3.05%
$0
▼
Rate3.01%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Tennessee Valley Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.06%
Business Money Market Accounts
3.00%
$0
▼
Rate2.96%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Tennessee Valley Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.06%
Money Market Accounts
3.00%
$0
▼
Rate2.96%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Planters Bank & Trust Company
Institution Rating:
A+5.0 ★ Texas Ratio: 3.98%
High Yield Money Market
2.95%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Rate1.74%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Balances of $250,000 or more
Tennessee State Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.56%
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%
Money Market
1.50%
$2,500
▼
Rate1.50%
Min Deposit$2,500
Min Balance—
UpdatedMay 4, 2026
Details
Rate1.24%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
$25,000-$99,999
Rate1.24%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Balances of $100,000 - $249,999
Tennessee State Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.56%
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%
Money Market
1.20%
$2,500
▼
Rate1.20%
Min Deposit$2,500
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 Franklin, 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.
Franklin, TN Money Market Rate Trends
Compare local Franklin, TN 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 15, 2026 • Rate data sourced from 8,500+ monitored institutions
Powered by MonitorBankRates
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Franklin, Tennessee money market rate tables are free for consumers to use, and we do not receive payment from any financial institution to be included or to be ranked in any particular order. Listings are based solely on the rates each institution publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Money Market Rate Data: We aggregate money market deposit account rates for Franklin, 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 Franklin, 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 Franklin, 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 Franklin, 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 Franklin, 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 Franklin, 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 Franklin, 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 Franklin, Tennessee
Here are some of the highest money market account APYs currently available in Franklin, Tennessee and the surrounding area:
- Ascend Federal Credit Union
Business Money Market — 3.56% APY - Truist
Small Business Money Market Account — 3.40% APY - Cornerstone Financial Credit Union
Business Money Market — 2.05% APY - Veritas Federal Credit Union
Money Market — 1.50% APY - Southeast Financial Credit Union
Money Market Account — 1.50% APY
Money Market Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Franklin, Tennessee. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: May 12, 2026
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