Jefferson City, Tennessee Savings Rates - August 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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The best savings rates for Jefferson City, Tennessee and the surrounding area include Knoxville TVA Employees Credit UnionKnoxville TVA Employees Credit Union662 E Broadway Blvd, Jefferson City, TN 37760 4900A+5.0 ★Texas Ratio: 3.25%Real return: +0.70%APY minus 2.8% CPI (February 2026) PREMIUM SAVINGS ACCOUNT at 3.50% APY, FirstBank (TN)FirstBank (TN)167 W Broadway Blvd, Jefferson City, TN 37760A5.0 ★Texas Ratio: 6.39%Real return: +0.60%APY minus 2.8% CPI (February 2026) Companion Savings at 3.40% APY, Tennessee State BankTennessee State Bank106 W Broadway Blvd, Jefferson City, TN 37760A+5.0 ★Texas Ratio: 0.56%Real return: -2.65%APY minus 2.8% CPI (February 2026) Commercial Savings at 0.15% APY, Consumer Credit UnionConsumer Credit Union1075 N Chucky Pike, Jefferson City, TN 37760A+5.0 ★Texas Ratio: 0.67%Real return: -2.75%APY minus 2.8% CPI (February 2026) Savings Accounts at 0.05% APY, and FsnbFsnbA5.0 ★Texas Ratio: 12.00%Real return: +4.20%APY minus 2.8% CPI (February 2026) Cents-able Savings at 7.00% APY.
Jefferson City has 18 local institutions in our database, with savings rates as high as 3.50% APY from Knoxville TVA Employees Credit Union at 662 E Broadway Blvd, Jefferson City, TN 37760 4900. 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.
Savings rates reflect recent market quotes and representative offers available to depositors in Jefferson City, Tennessee and the surrounding area. Last Updated and Verified: August 28, 2026
Compare the Best Savings Rates in Jefferson City, Tennessee & Surrounding Communities
New money is money not currently on deposit with Knoxville TVA Employees Credit Union. Rate subject to change. Fees may reduce earnings. Ask for details. Monthly qualification cycle begins on the first day and ends on the last day of the calendar month. Minimum opening deposit of $25,000.00 in new money. PREMIUM RATE of 3.50% APY is earned on balances $250,000.00 or more.
Earn 3.40% APY when you combine Companion Savings with a qualifying FirstBank CD.
PREMIUM RATE of 3.00% APY is earned on balances up to $500.00. Age: Under 18; Fees may reduce earnings. Ask for details.
PREMIUM RATE of 3.00% APY is earned on balances up to $500.00. NON-PREMIUM RATE of 0.15% APY minimum is earned on balances of $500.01 or more. When the account is closed, 0.15% APY applies for the month the account is closed. Some restrictions may apply. Fees may reduce earnings. Ask for details.
New money is money not currently on deposit with Knoxville TVA Employees Credit Union. Rate subject to change. Fees may reduce earnings. Ask for details. Monthly qualification cycle begins on the first day and ends on the last day of the calendar month. Minimum opening deposit of $25,000.00 in new money. On balances between $100,000.00 and $249,999.99, 3.00% APY is earned.
New money is money not currently on deposit with Knoxville TVA Employees Credit Union. Rate subject to change. Fees may reduce earnings. Ask for details. Monthly qualification cycle begins on the first day and ends on the last day of the calendar month. Minimum opening deposit of $25,000.00 in new money. On balances between $25,000.00 and $99,999.99, 2.00% APY is earned.
CENTSIBLE SAVINGS: APY = Annual Percentage Yield. Earns dividends. No minimum balance. Allows withdrawals. Fees may reduce earnings. Available to qualifying Members. Some restrictions may apply. Ask for details.
HEALTH SAVINGS: APY = Annual Percentage Yield. Consult with your tax advisor to determine your specific tax situation. Early withdrawal penalties may apply. Additional terms and conditions may apply. Must be age 18 or older to apply. A Certificate Account can be designated as an IRA Certificate or a Health Savings Account Certificate. All rates and offerings are subject to change. Fees may reduce earnings.
Dividend Compounded: Quarterly
NON-PREMIUM RATE of 0.15% APY minimum is earned on balances of $500.01 or more. Age: Under 18; Fees may reduce earnings. Ask for details.
PREMIUM RATE of 3.00% APY is earned on balances up to $500.00. NON-PREMIUM RATE of 0.15% APY minimum is earned on balances of $500.01 or more. When the account is closed, 0.15% APY applies for the month the account is closed. Some restrictions may apply. Fees may reduce earnings. Ask for details.
REGULAR SAVINGS: APY = Annual Percentage Yield. Available to qualifying Members. Fees may reduce earnings. Some restrictions, conditions, and fees may apply. Ask for details.
VACATION SAVINGS: APY = Annual Percentage Yield. Available to qualifying Members. Some restrictions, conditions, and fees may apply. Ask for details. Fees may reduce earnings. Limits on number of non-signature transactions may be imposed as required by regulation or Credit Union policy. Non-signature transactions may include those made over the phone, via online or telephone banking, or automatically by the Credit Union.
New money is money not currently on deposit with Knoxville TVA Employees Credit Union. Rate subject to change. Fees may reduce earnings. Ask for details. Monthly qualification cycle begins on the first day and ends on the last day of the calendar month. Minimum opening deposit of $25,000.00 in new money.
Minimum Balance to Open Account: $5.00
Dividends Earned Monthly
Dividends Earned Monthly
Balances $1 - $2,500 Earn 4.06% APY. Balances $2,501+ Earn 0.25% APY. Dividends paid Quarterly
Minimum Balance
Any amount over $500 with receive the Regular Savings Rate of .05% APY.
Qualifications Required: At least $500 in total direct deposits per month; Higher dividends are earned when you maintain a UTFCU consumer checking account and receive at least $500 in total direct deposits per month. If qualifications are not met, account earns the regular share rate. Federally insured by NCUA.
compounds quarterly
compounds quarterly
compounds quarterly
compounds quarterly
compounds quarterly
Qualifications Required: Direct deposit to checking account OR minimum of ten (10) debit card transactions during the monthly statement cycle; Balances up to $50,000 receive APY of 3.50%; and balances over $50,000 earn 0.50% interest rate on the portion of balance over $50,000, resulting in a range from 0.50% to 3.50% APY depending on the account's balance. Rates and rewards are variable and may change after account is opened. Fees may reduce earnings. Limit one (1) account per social security number. A TriStar Bank consumer checking account is required to have a High Yield Savings account.
Savings 9X the national average**
Qualifications Required: At least $500 in total direct deposits per month; Higher dividends are earned when you maintain a UTFCU consumer checking account and receive at least $500 in total direct deposits per month. If qualifications are not met, account earns the regular share rate. Federally insured by NCUA.
Qualifications Required: 20 debit card purchases; Log in to online or mobile banking; direct deposit; eStatements enrollment; U Rewards Share Draft*** - up to $25,000; This is a tiered account. The U Rewards dividend rate applies to balances up to and including $25,000. Balances in excess of $25,000 will earn the Premier U rate. This account has a variable dividend rate which is subject to change. ATM fees on qualifying accounts are reimbursed at the end of each month. If you do not meet the monthly U Rewards rate requirements (use your UTFCU debit card at least 20 times, Log in to online or mobile banking, have direct deposit, and maintain enrollment in eStatements), your account will earn the Premier U rate and you will not receive ATM fee refunds for that period. There is no minimum balance requirement. One account per individual taxpayer ID.
Qualifications Required: At least $500 in total direct deposits per month; Higher dividends are earned when you maintain a UTFCU consumer checking account and receive at least $500 in total direct deposits per month. If qualifications are not met, account earns the regular share rate. Federally insured by NCUA.
**
Qualifications Required: Round Up feature on a SouthEast Bank checking account; Enroll and maintain eStatements; Post and settle at least 15 debit card purchases during the statement cycle from any personal SouthEast Bank checking account; Qualifying balance up to $10,000.00; If bonus qualifications are not met during the statement cycle, the account will earn 0.05% APY.
Qualifications Required
Modified: 9/17/2025
Qualifications Required; Balance tiers apply.
Qualifications Required: 1 direct deposit or ACH credit; 12 debit card purchases; e-statements enrollment; online banking enrollment/login
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.
Jefferson City, TN Savings Rate Trends
Compare local Jefferson City, TN savings rate quotes against the statewide average
Daily savings rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
Tennessee high-yield savings rates rose 0.598 points over the past 7 days to 1.188% APY, up from 0.590%.
Tennessee standard savings rates rose 0.162 points over the past 7 days to 1.409% APY, up from 1.247%.
Jefferson City, Tennessee Savings Rate Forecast — Next 12 Months
Savings rates move with Federal Reserve policy. Our model uses the current TN high-yield average and a Fed funds spread to project the likely rate trajectory for 2026–2027.
Savings account rates are variable and move in close correlation with the Federal Reserve’s federal funds rate target. Our 12-month forecast is derived from the current TN high-yield savings average of 1.188% APY and a Fed funds spread model calibrated to the historical relationship between policy rate changes and deposit rate adjustments at banks and credit unions.
Key assumptions: 1–2 Federal Reserve rate cuts of 25 basis points each over the next 12 months, based on current CME FedWatch consensus; savings institutions typically pass through 70–90% of rate cuts to deposit rates within 60–90 days. High-yield online savings rates tend to adjust faster than standard branch-based savings rates.
Important notice: This forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions in Jefferson City, Tennessee.
Savings Account Earnings in Jefferson City, Tennessee
Annual interest earnings at current TN average APYs, based on the high-yield and standard savings averages tracked in our database. Compounding assumed monthly.
| Balance | HY Savings (1.188% APY) | Monthly Earnings | Standard Savings (1.409% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $59.39 / year | $4.95 | $70.44 / year | $5.87 |
| $10,000 | $118.78 / year | $9.90 | $140.87 / year | $11.74 |
| $25,000 | $296.95 / year | $24.75 | $352.18 / year | $29.35 |
| $50,000 | $593.90 / year | $49.49 | $704.35 / year | $58.70 |
| Earnings estimates use daily compounding. Actual earnings depend on exact rate, compounding frequency, and daily balance maintained. Rates are variable and subject to change. Source: Jefferson City, Tennessee savings rate averages as of August 30, 2026. | ||||
About Our Jefferson City, Tennessee Savings Rate Database
MonitorBankRates found 4 institutions with branches in Jefferson City (2 banks, 2 credit unions), plus 17 additional state-chartered and national online institutions available to Jefferson City residents. Our proprietary aggregation system pulls verified rate data directly from each institution’s official website — no estimates, no national averages passed off as real offers.
Every rate listed includes the institution’s Safety Grade (A+ to F), Star Rating (1–5), and Texas Ratio — objective financial health metrics calculated from FDIC and NCUA regulatory data — so you can compare yield and institutional safety in one place.
Current top rate: Knoxville TVA Employees Credit Union offers a savings account at 3.50% APY. Use the rate table above to compare all current offers in Jefferson City, Tennessee.
How to Find the Best Savings Rates in Jefferson City, Tennessee
What to compare when shopping for a savings account in Jefferson City, Tennessee
To find the best savings APYs in Jefferson City, Tennessee, start with credit unions and online-only banks — Jefferson City, Tennessee has 9 credit unions in our database, and they consistently offer some of the highest yields because they are member-owned nonprofits with lower overhead than traditional banks.
Always compare the APY (Annual Percentage Yield), not just the interest rate. APY reflects compounding and is the true measure of what you’ll earn. Savings accounts that compound daily earn slightly more than those compounding monthly at the same stated rate. The current TN high-yield savings average is 1.188% — but top local institutions are offering as high as 3.50%, so shopping around pays off.
Unlike a CD, savings account rates are variable — your rate can change at any time with Federal Reserve policy. Many institutions offer elevated introductory rates that reset after a promotional period. Review your account periodically to ensure your APY remains competitive.
When a High-Yield Savings Account Makes Sense
- Emergency fund: Financial experts recommend 3–6 months of expenses in a liquid, FDIC-insured account. Jefferson City, Tennessee high-yield savings rates currently average 1.188% APY — far above a typical checking account.
- Short-term savings goals (6–24 months): If you may need the money soon, a savings account gives you immediate access without early withdrawal penalties.
- Parking cash between investments: A high-yield savings account at Jefferson City, Tennessee institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally — 21 institutions in Jefferson City, Tennessee report savings rates to our database.
- No rate lock-in risk: Unlike a CD, your rate moves up with the market if rates rise further.
Consider an Alternative If…
- You want a locked-in, guaranteed return → Jefferson City, Tennessee CD rates
- You want check-writing flexibility → Jefferson City, Tennessee money market rates
- You need daily transaction access → Jefferson City, Tennessee checking rates
Tennessee Financial Snapshot
Local demographics and economic context for savers — Source: U.S. Census Bureau (state-level data shown — city data not available)
17.1% of residents are 65 or older, in line with the national average of 17.3%. At today’s TN high-yield savings average of 1.188%, saving 10% of the local median salary ($4,241/year) would earn an additional $50 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Jefferson City, Tennessee Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Jefferson City, Tennessee.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current TN Avg APY | 1.188% | 1.409% | View MMA Rates | View CD Rates |
| Rate Type | Variable | Variable | Variable | Fixed for term |
| FDIC / NCUA Insured | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K |
| Withdraw Anytime | ✓ Yes | ✓ Yes | ✓ Yes | ✗ Penalty applies |
| Check Writing | ✗ No | ✗ No | ✓ Often yes | ✗ No |
| Debit / ATM Card | Some institutions | ✗ Rarely | ✓ Often yes | ✗ No |
| Typical Min Deposit | $0 – $100 | $25 – $100 | $0 – $2,500 | $500 – $1,000 |
| Rate Risk | Rate may fall with Fed cuts | Rate may fall with Fed cuts | Rate may fall with Fed cuts | None — locked for term |
| Best For | Emergency fund, short-term goals, parking cash | Everyday saving, low-balance accounts | Active savers wanting flexibility + check writing | Locking in a rate for a defined period |
APY data reflects Jefferson City, Tennessee averages tracked in our database as of August 30, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Jefferson City, Tennessee
At TN’s top rate of 3.50% from Knoxville TVA Employees Credit Union, a $10,000 deposit earns $350 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Jefferson City, Tennessee earner is roughly $10,600. At 1.188% APY, saving $880/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. High-Yield SavingsTennessee’s high-yield savings average is 1.188% APY — variable and always accessible. A local CD may offer a higher fixed yield in exchange for locking in your deposit. Compare both side-by-side to find the better fit for your timeline.
Budget CalculatorBefore you can grow your savings, you need to know how much you can set aside each month. The median Jefferson City, Tennessee earner makes $42,418/year. Track your income vs. expenses to find your monthly surplus — then put it to work at 1.188% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 1.188% APY grows to roughly $31,659 over 20 years with compounding. See how your current savings trajectory lines up with your retirement income needs.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Jefferson City, Tennessee savings 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 Savings Rate Data: We aggregate savings account rates for Jefferson City, 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 savings 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 Jefferson City, Tennessee. We feature a comprehensive mix of institutions — from neighborhood credit unions and competitive regional banks to large national institutions available to savers in TN.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update savings rates daily. Because savings account yields can fluctuate rapidly, every product listed features its own specific “last updated” date, giving you complete transparency.
Frequently Asked Questions about Savings Accounts in Jefferson City, Tennessee
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Jefferson City, Tennessee safe?
How often do savings rates change in Jefferson City, Tennessee?
Do I need a minimum deposit to open a savings account?
What is the difference between a Savings Account and a Money Market Account?
Are online banks better than local banks in Jefferson City, Tennessee?
How do I open a savings account in Jefferson City, Tennessee?
Best Savings Rates in Jefferson City, Tennessee
- Knoxville TVA Employees Credit Union
PREMIUM SAVINGS ACCOUNT — 3.50% APY - FirstBank (TN)
Companion Savings — 3.40% APY - Tennessee State Bank
Commercial Savings — 0.15% APY - Consumer Credit Union
Savings Accounts — 0.05% APY - Fsnb
Cents-able Savings — 7.00% APY
Jefferson City, Tennessee Rates & Resources
