web statistics

TnBank Super Interest Checking – May 2015 Rate 3.05%

TnBank, based in Tennessee, is offering a Super Interest Checking account which has a monthly tiered interest rate topping out at 3.05 percent. Any interest rate on a checking account is rare these days, but a checking account rate above 3.00 percent is even harder to come by.

The Super Interest Checking rate starts out at 1.00 percent APY through the end of March. The rate increases to 2.01 percent APY staring April 1, 2015. For May the rate increases to 3.05 percent APY. After May, the rate reverts back to 1.00 percent through the end of 2015.

TnBank Super Interest Checking RateThese rates are paid on balances up to $25,000. With any promotional deal, you have to meet some requirements to earn the rates.

You must open a account with a minimum balance of $5,000, make ten debit card transactions, have one posted ACH transaction, and enroll in e-statements.

If you go for this deal be sure to meet the requirements, failing to do so will cost you a $15 a month fee.

Overall is it worth it? If you ask me no. Getting a 2.01 percent rate for a month and then a 3.04 percent rate isn’t worth it. The annual rate of 1.00 percent is competitive but not higher than current savings rates or money market rates. The best 1 year CD rates are higher at 1.20 percent. I’d place my $25,000 in a certificate of deposit.

 
Author: Brian McKay
March 3rd, 2015

   MBR on FaceBook    monitorbankrates.com on Twitter    Subscribe to MonitorBankRates.com

MBR In the Press





Banking Articles

Outlook for Higher CD Rates in 2017 is Promising
TAB Bank CD Rates Changed
Astoria Bank Increases Intermediate and Long Term CD Rates
This Past Week’s CD Rate Changes
No Relief for Savers as FOMC Declines Rate Hike
EverBank’s 1 Year CD Rate Now the Best 1 Year Rate in the Database
TriState Capital Bank Increases Short and Intermediate Term Jumbo CD Rates
Live Oak Bank CD Rates and Review
Silvergate Bank Drastically Reduces Short Term CD Rates
Recent CD Rate Changes Are Mostly Lower
1.11% APY – EverBank 2 Year Jumbo CD Rates
E-Loan Changes 2 Year and 5 Year CD Rates
Home Savings Bank Lowers Internet CD Rates
AloStar Bank Still has Highest 6 Month CD Rate Even with Decrease
Highest CD Rates are Offered by AloStar Bank of Commerce
1.35% APY – New Highest 1 Year CD Rate in our Database
First Internet Bank of Indiana CD Rate Changes
More CD Rate Changes at EverBank
Barclays Lowers CD Rates
EH National Bank Increases CD Rates

Certificate of Deposit Calculators

CD Ladder Calculator
Certificate of Deposit Calculator

Mortgage Calculator

Mortgage Calculator


Debt Calculators

Debt Consolidation Calculator
Credit Card Payoff Calculator