Best Banks & Checking Accounts in Memphis, Tennessee - April 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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The best checking rates for Memphis, Tennessee include FsnbFsnb3950 Austin Peay Hwy, Memphis, TN 38128A5.0 ★Texas Ratio: 12.00% Advanced Checking at 0.05% APY, Nucor Employees Credit UnionNucor Employees Credit Union3601 Paul R Lowry Rd, Memphis, TN 38109 3007A+5.0 ★Texas Ratio: 1.73% Everyday Shares Share Draft (Checking) at 0.05% APY, Firefighters First Federal Credit UnionFirefighters First Federal Credit Union5150 Stage Rd Ste 102, Memphis, TN 38134 3169A+5.0 ★Texas Ratio: 1.58% Ready Checking at 0.05% APY, FedEx Employees Credit Association Federal Credit UnionFedEx Employees Credit Association Federal Credit Union3670 Hacks Cross Rd, Memphis, TN 38125A5.0 ★Texas Ratio: 6.11% Extras Checking at 0.03% APY, and LG&W Federal Credit UnionLG&W Federal Credit Union1616 Whitten Rd, Memphis, TN 38134A+5.0 ★Texas Ratio: 0.44% Share Draft/Checking at 0.00% APY. Checking account rates as of April 27, 2026 according to verified data from MonitorBankRates.
Memphis has 6 local institutions in our database, with checking rates as high as 0.05% APY from Fsnb at 3950 Austin Peay Hwy, Memphis, TN, 38128. Use the tabs below to compare all available checking account types. Rates are continually updated — we recommend checking back frequently.
Checking account rates reflect recent market quotes and representative offers available to depositors in Memphis, Tennessee. Checking Account Rates Last Updated and Verified: April 27, 2026
Compare Checking Account Rates Today in Memphis, Tennessee & the Surrounding Area
Memphis, TN 38128
Minimum Balance to Open Account: $5.00
Memphis, TN 38109 3007
No additional details provided.
Memphis, TN 38134 3169
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Memphis, TN 38125
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Memphis, TN 38125
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Memphis, TN 38134 3169
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Memphis, TN 38134
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Memphis, TN 38118 2449
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Qualifying balance up to $10,000.00
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$0 - $15,000; Dividend Calculated Daily; Frequency of Compounding Daily
based on qualifying criteria**
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Qualifications Required
Qualifying balance up to $250,000.00
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Qualifying balance up to $10,000.00
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$0 - $15,000; Dividend Calculated Daily; Frequency of Compounding Daily
based on qualifying criteria**
No additional details provided.
Qualifications Required
Qualifying balance up to $250,000.00
No additional details provided.
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$50,000
$100,000.00 and above
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$2,000
$10,000
Qualifying balance up to $10,000.00
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Memphis, TN 38109 3007
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Memphis, TN 38125
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No monthly fees or minimum balance
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Memphis, TN 38134 3169
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Balance below $2,500
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$5,000; Subject to Change Monthly
$5,000; Subject to Change Monthly
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$0-$4,999; Subject to Change Monthly
$1,500-$4,999; Subject to Change Monthly
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Memphis, TN Checking Rate Trends
Compare local Memphis, TN checking rate quotes against the statewide average
Daily checking rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
Tennessee high-yield checking rates fell 0.008 points over the past 7 days to 1.834% APY.
Tennessee free checking rates currently average 0.932% APY.
Methodology & Data Sources
Direct-Sourced & Verified Checking Rate Data: We aggregate checking account rates for Memphis, Tennessee directly from the official websites of banks and credit unions using a combination of our proprietary rate aggregation technology and a dedicated team of rate updaters. By pulling this data straight from the institutions’ own digital properties and manually verifying the yields daily, we ensure that every checking rate displayed on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems and team constantly monitor the market to provide a complete picture of available yields in Memphis, Tennessee. We feature a comprehensive mix of financial institutions, allowing you to easily compare localized checking rates from neighborhood credit unions, competitive offers from mid-sized regional banks, and high-yield checking accounts available to account holders in TN.
Daily Updates & Time-Stamped Accuracy: To maintain the highest level of data integrity, our rate updaters verify and update checking rates daily. Because checking account yields can fluctuate based on market conditions, every single checking product listed on our platform features its own specific “last updated” date.
Frequently Asked Questions
Do checking accounts in Memphis, Tennessee earn interest?
Are banks in Memphis, Tennessee FDIC insured?
What fees should I watch out for?
What is a Rewards Checking account?
Best Checking Rates in Memphis, Tennessee
- Fsnb
Advanced Checking — 0.05% APY - Nucor Employees Credit Union
Everyday Shares Share Draft (Checking) — 0.05% APY - Firefighters First Federal Credit Union
Ready Checking — 0.05% APY - FedEx Employees Credit Association Federal Credit Union
Extras Checking — 0.03% APY - LG&W Federal Credit Union
Share Draft/Checking — 0.00% APY
