Alcoa, Tennessee Savings Rates - October 2026
Brian McKay
Brian McKay
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Alcoa, Tennessee savings account rates range from 0.05% to 7.00% APY, verified by MonitorBankRates as of October 13, 2026. The best savings rates for Alcoa, Tennessee and the surrounding area include Knoxville TVA Employees Credit UnionKnoxville TVA Employees Credit Union1113 Hunters Xing, Alcoa, TN 37701 1852A+5.0 ★Texas Ratio: 2.34%Real return: +1.48%APY minus 2.8% CPI (February 2026) Educational Savings Plan at 4.28% APY, U TU T1858 Pauling St, Alcoa, TN 37701 3000A+5.0 ★Texas Ratio: 1.55%Real return: +0.45%APY minus 2.8% CPI (February 2026) U Earn Savings at 3.25% APY, CBBC BankCBBC Bank214 N Calderwood St, Alcoa, TN 37701A+5.0 ★Texas Ratio: 0.09%Real return: -1.80%APY minus 2.8% CPI (February 2026) Silver Savings at 1.00% APY, First HorizonFirst Horizon112 S Hall Rd, Alcoa, TN 37701A+5.0 ★Texas Ratio: 5.76%Real return: -2.55%APY minus 2.8% CPI (February 2026) Traditional Savings at 0.25% APY, and Alcoa Tenn Federal Credit UnionAlcoa Tenn Federal Credit Union124 N Hall Rd, Alcoa, TN 37701 2648A+5.0 ★Texas Ratio: 4.23%Real return: -2.65%APY minus 2.8% CPI (February 2026) Business Share/Savings at 0.15% APY.
Alcoa has 35 local institutions in our database, with savings rates as high as 4.28% APY from Knoxville TVA Employees Credit Union at 1113 Hunters Xing, Alcoa, TN 37701 1852. Use the table below to compare all available offers, including options from institutions serving the broader Tennessee area. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Alcoa, Tennessee and the surrounding area. Last Updated and Verified: October 13, 2026
Compare the Best Savings Rates in Alcoa, Tennessee & Surrounding Communities
Must be open for a minimum of three years and pays out on your child's college entrance date or 18th birthday, whichever comes first. Fees could reduce the earnings on the account. Available to qualifying Members. Some restrictions may apply. Ask for details. APY effective as of September 2026. Receive a paper statement in the mail for $2.00 per month or enroll in free eStatements (electronic statements). Members under the age of 18, Senior Member Accounts, and department SSI excluded. Ask for details.
Must be open for a minimum of three years and pays out on your child's college entrance date or 18th birthday, whichever comes first. Fees could reduce the earnings on the account. Available to qualifying Members. Some restrictions may apply. Ask for details. APY effective as of September 2026. Receive a paper statement in the mail for $2.00 per month or enroll in free eStatements (electronic statements). Members under the age of 18, Senior Member Accounts, and department SSI excluded. Ask for details.
Must be open for a minimum of three years and pays out on your child's college entrance date or 18th birthday, whichever comes first. Fees could reduce the earnings on the account. Available to qualifying Members. Some restrictions may apply. Ask for details. APY effective as of September 2026. Receive a paper statement in the mail for $2.00 per month or enroll in free eStatements (electronic statements). Members under the age of 18, Senior Member Accounts, and department SSI excluded. Ask for details.
Balance: $250,000.00 or more; New money is money not currently on deposit with Knoxville TVA Employees Credit Union. Rate subject to change. Some restrictions may apply. Fees may reduce earnings. Ask for details. Members under the age of 18, Senior Member Accounts, and department SSI excluded.
Qualifications Required: UTFCU consumer checking account maintained; At least $500 in total direct deposits per month; U Earn Savings*** - $100,000 - $249,999; 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.
Qualifications Required: 20 debit card transactions; Log in to online or mobile banking; direct deposit; enrollment in eStatements; U Rewards Share Draft*** - up to $25,000; Balance: $0.00 - $25,000.00
PREMIUM RATE of 3.00% APY is earned on balances up to $500.00. Jump Start Savings is a tiered-rate account for minors under 18 years of age. Must have a parent or legal guardian on the account. Monthly qualification cycle begins on the first day and ends on the last day of the calendar month. Terms and conditions may apply. APY = Annual Percentage Yield. Rate effective September 2026 and subject to change. 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.
Balance: $100,000.00 - $249,999.99; New money is money not currently on deposit with Knoxville TVA Employees Credit Union. Rate subject to change. Some restrictions may apply. Fees may reduce earnings. Ask for details. Members under the age of 18, Senior Member Accounts, and department SSI excluded.
Qualifications Required: UTFCU consumer checking account maintained; At least $500 in total direct deposits per month; U Earn Savings*** - $25,000 - $99,999; 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.
Balance: $25,000.00 - $99,999.99; New money is money not currently on deposit with Knoxville TVA Employees Credit Union. Rate subject to change. Some restrictions may apply. Fees may reduce earnings. Ask for details. Members under the age of 18, Senior Member Accounts, and department SSI excluded.
Balance: $10,000 - $499,999
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.
up to $2,500
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.
Quarterly service charge is refunded within 3 business days when linked to Essential Checking account or Advantage Checking account or if the daily balance is at least $250. Otherwise a $5 quarterly service charge will be applied. Interest is compounded daily and posted quarterly. An account can be linked to a First Horizon Bank checking account to provide 24-hour access to funds through the ATM. FDIC insured up to $250,000 * . Link to checking for overdraft protection . Accessible via Digital Banking . Convenient Automatic Savings Service with recurring transfers between accounts via Digital Banking. APY ** Annual Percentage Yield effective 9/28/26. APY is variable and subject to change. Fees may reduce earnings.
Balance: $1,000 - $9,999; Average daily balance to avoid fee: $300
Balance: $50,000 - $99,999
Rates current as of October 11, 2026 | Fee Schedule | Dividends calculated daily, compounded quarterly. Fees could reduce earnings. Share Savings APY is accurate as of the last dividend declaration date.
Rates current as of October 11, 2026 | Fee Schedule | Dividends calculated daily, compounded quarterly. Fees could reduce earnings. Share Savings APY is accurate as of the last dividend declaration date.
Dividends accrue daily; compound quarterly. $5.00 minimum balance. Available to qualifying Members. Some restrictions may apply. Fees 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.
PREMIUM RATE of 3.00% APY is earned on balances up to $500.00. Jump Start Savings is a tiered-rate account for minors under 18 years of age. Must have a parent or legal guardian on the account. Monthly qualification cycle begins on the first day and ends on the last day of the calendar month. Terms and conditions may apply. APY = Annual Percentage Yield. Rate effective September 2026 and subject to change. 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.
Balance: Balances of $100,000 -$249,000
Balance: $0 - $24,999
Balance: $100 & over; Average daily balance to avoid fee: $300
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.
Balance: Balances of $50,000 to $99,999
$.01
Rates current as of October 12, 2026. Dividends calculated daily, compounded monthly. Fees could reduce earnings. No monthly service fees. No minimum balance requirement. Visa Debit Card with optional savings round-up. Apple Pay, Google PayTM, and Samsung PayTM. Overdraft Protection available. Shared Branching.
Balance: Balances Less than $2,500
Annual Percentage Yield effective as of 10/17/2024. Rate may change after the account is opened. An interest rate of 0.05% will be paid only for that portion of your daily collected balance that is greater than $3,000.00. Interest will accrue on transferred funds during the cycle and will be credited to the account at the end of the 12-month cycle.
Balance: $1.00 - $2,500.00
4.10% Annual Percentage Yield (APY) is accurate as of 09/10/2026 and may change at any time. The maximum account balance is $250,000.
Balance: $0 to $2,500; Qualifying balance up to $2,500.00; Only one Brighter Day Savings account allowed per member; Membership required
Balance: $5.00 Minimum Balance; 1
Any amount over $500 with receive the Regular Savings Rate of .05% APY.
Balance: $500,000.00 and above; Rate moves with the Wall Street Journal Prime Rate. APY is accurate as of 9/21/2026.
Qualifications Required: At least one direct deposit, ACH credit, or ACH payment transaction (each a minimum of $1 or more); At least 12 debit card purchases post and settle; Be enrolled in and review eStatements; 4.00% to 1.50% APY on balances over $50,000 depending on balance in account.
Balance: $250,000+
Balance: $100,000.00 - $249,999.99
Balance: $50 average daily balance; APY as high as
Balance: $300,000 or more
Balance: $100 average daily balance; APY as high as
Balance: $50 average daily balance; APY as high as
Earn up to 3.50% APY when you are an account owner of a Bank Smartly Checking, Safe Debit account, or Bank SmartlyTM Visa Signature Card and a CQB of at least $25,000. APYs may vary by location and are accurate for accounts opened on today's date. Restrictions apply.
Qualifications Required: Direct deposit to checking account OR minimum of ten (10) debit card transactions during the monthly statement cycle; 3.50% APY* on balances up to and including $50,000; 0.50% APY on balances over $50,000 depending on balance in account
Balance: over $100,000; Rates effective September 24, 2026.
Balance: over $100,000; Rates effective September 24, 2026.
Balance: Balances Through $249,999.99
Earn 3.40% APY when you combine Companion Savings with a qualifying FirstBank CD.
Balance: $5,000 - $100,000; Rates effective September 24, 2026.
Balance: $5,000 - $100,000; Rates effective September 24, 2026.
Balance: $250,000.00 to $499,999.99; Rate moves with the Wall Street Journal Prime Rate. APY is accurate as of 9/21/2026.
Balance: $200,000 and above
Balance: $50,000.00 - $99,999.99
Balance: $100,000.00 to $249,999.99; Rate moves with the Wall Street Journal Prime Rate. APY is accurate as of 9/21/2026.
Balance: $50,000.00
Qualifications Required; Balance: 0 - $150,000
Balance: $50,000.00 to $99,999.99; Rate moves with the Wall Street Journal Prime Rate. APY is accurate as of 9/21/2026.
Balance: $100,000 - $199,999.99
Balance: $0 - $25,000
Balance: $25,000.00 - $49,999.99
- Oct 7, 20260.85%▲ from 0.40%
- Sep 14, 20260.40%first recorded
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.
Alcoa, TN Savings Rate Trends
Compare local Alcoa, 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 0.032 points over the past 7 days to 2.224% APY, up from 2.192%.
Tennessee standard savings rates fell 0.008 points over the past 7 days to 0.579% APY, down from 0.587%.
Alcoa, 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 to 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 2.224% 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: the Federal Reserve holds the federal funds rate at its current level over the next 12 months, with the possibility of one 25 basis point increase; deposit rates at banks and credit unions track policy-rate changes within 60 to 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 Alcoa, Tennessee.
Savings Account Earnings in Alcoa, 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 (2.224% APY) | Monthly Earnings | Standard Savings (0.579% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $111.19 / year | $9.27 | $28.95 / year | $2.41 |
| $10,000 | $222.38 / year | $18.53 | $57.91 / year | $4.83 |
| $25,000 | $555.95 / year | $46.33 | $144.77 / year | $12.06 |
| $50,000 | $1,111.90 / year | $92.66 | $289.55 / year | $24.13 |
| 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: Alcoa, Tennessee savings rate averages as of October 14, 2026. | ||||
About Our Alcoa, Tennessee Savings Rate Database
MonitorBankRates found 6 institutions with branches in Alcoa (2 banks, 4 credit unions), plus 21 additional state-chartered and national online institutions available to Alcoa 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 to 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 4.28% APY. Use the rate table above to compare all current offers in Alcoa, Tennessee.
How to Find the Best Savings Rates in Alcoa, Tennessee
What to compare when shopping for a savings account in Alcoa, Tennessee
To find the best savings APYs in Alcoa, Tennessee, start with credit unions and online-only banks: Alcoa, Tennessee has 8 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 2.224% but top local institutions are offering as high as 4.28%, 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 to 6 months of expenses in a liquid, FDIC-insured account. Alcoa, Tennessee high-yield savings rates currently average 2.224% APY, far above a typical checking account.
- Short-term savings goals (6 to 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 Alcoa, Tennessee institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 27 institutions in Alcoa, Tennessee report savings rates to our database.
- You’re among Alcoa, Tennessee’s 18.6% of residents aged 65+ for whom liquid, accessible savings complement fixed-income holdings.
- 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 Alcoa, Tennessee CD rates
- You want check-writing flexibility Alcoa, Tennessee money market rates
- You need daily transaction access Alcoa, Tennessee checking rates
Alcoa, Tennessee Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
18.6% of residents are 65 or older, in line with the national average of 17.3%; a low unemployment rate of 2.0% reflects a strong local economy with solid savings capacity. At today’s TN high-yield savings average of 2.224%, saving 10% of the local median salary ($3,845/year) would earn an additional $86 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Alcoa, Tennessee Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Alcoa, Tennessee.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current TN Avg APY | 2.224% | 0.579% | 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 to $100 | $25 to $100 | $0 to $2,500 | $500 to $1,000 |
| Rate Risk | Variable, moves with Fed policy | Variable, moves with Fed policy | Variable, moves with Fed policy | 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 Alcoa, Tennessee averages tracked in our database as of October 14, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Alcoa, Tennessee
At TN’s top rate of 4.28% from Knoxville TVA Employees Credit Union, a $10,000 deposit earns $428 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Alcoa, Tennessee earner is roughly $9,600. At 2.224% APY, saving $800/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 2.224% 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 Alcoa, Tennessee earner makes $38,458/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 2.224% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 2.224% APY grows to roughly $38,813 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 Alcoa, 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 Alcoa, 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 Alcoa, 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 Alcoa, Tennessee
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Alcoa, Tennessee safe?
How often do savings rates change in Alcoa, 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 Alcoa, Tennessee?
How do I open a savings account in Alcoa, Tennessee?
Best Savings Rates in Alcoa, Tennessee
- Knoxville TVA Employees Credit Union
Educational Savings Plan: 4.28% APY - U T
U Earn Savings: 3.25% APY - CBBC Bank
Silver Savings: 1.00% APY - First Horizon
Traditional Savings: 0.25% APY - Alcoa Tenn Federal Credit Union
Business Share/Savings: 0.15% APY
Alcoa, Tennessee Rates & Resources
