Best Banks & Checking Accounts in Memphis, Tennessee - June 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 Firefighters First Federal Credit UnionFirefighters First Federal Credit Union5150 Stage Rd Ste 102, Memphis, TN 38134 3169A+5.0 ★Texas Ratio: 1.51% Ready Checking at 0.05% APY, Nucor Employees Credit UnionNucor Employees Credit Union3601 Paul R Lowry Rd, Memphis, TN 38109 3007A+5.0 ★Texas Ratio: 1.70% Share Draft (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: 5.77% Basic Checking at 0.03% APY, LG&W Federal Credit UnionLG&W Federal Credit Union1616 Whitten Rd, Memphis, TN 38134A+5.0 ★Texas Ratio: 0.43% Share Draft/Checking at 0.00% APY, and Owensboro Federal Credit UnionOwensboro Federal Credit Union2650 Thousand Oaks Blvd Ste 1120, Memphis, TN 38118 2449A+5.0 ★Texas Ratio: 0.78% Checking at 0.00% APY. Checking account rates as of June 9, 2026 according to verified data from MonitorBankRates.
Memphis has 5 local institutions in our database, with checking rates as high as 0.05% APY from Firefighters First Federal Credit Union at 5150 Stage Rd Ste 102, Memphis, TN, 38134 3169. 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: June 9, 2026
Compare Checking Account Rates Today in Memphis, Tennessee & the Surrounding Area
Memphis Checking Account Rates
Memphis, TN 38134 3169
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Memphis, TN 38109 3007
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Memphis, TN 38125
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Memphis, TN 38125
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Memphis, TN 38134
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Memphis, TN 38134 3169
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Memphis, TN 38118 2449
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Memphis, TN 38134 3169
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Qualifying balance up to $10,000.00
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Qualifications Required; Earns rewards.
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Memphis High Yield Checking Rates
Qualifying balance up to $10,000.00
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Qualifications Required; Earns rewards.
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Earns rewards. $3 monthly fee if average daily balance falls below $300
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Memphis Rewards Checking Rates
Qualifying balance up to $10,000.00
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Memphis Free Checking Rates
Memphis, TN 38125
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No monthly fees or minimum balance
Memphis Student Checking Rates
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Memphis Business Checking Rates
Memphis, TN 38134 3169
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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 0.023 points over the past 7 days to 2.317% APY.
Tennessee free checking rates fell 0.064 points over the past 7 days to 0.670% APY.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Memphis, Tennessee checking 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 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 sourcing this data 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?
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What is a Rewards Checking account?
Best Checking Rates in Memphis, Tennessee
- Firefighters First Federal Credit Union
Ready Checking — 0.05% APY - Nucor Employees Credit Union
Share Draft (Checking) — 0.05% APY - FedEx Employees Credit Association Federal Credit Union
Basic Checking — 0.03% APY - LG&W Federal Credit Union
Share Draft/Checking — 0.00% APY - Owensboro Federal Credit Union
Checking — 0.00% APY
