Memphis, Tennessee (TN) Savings Rates - March 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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The best savings rates for Memphis, Tennessee and the surrounding area include FsnbFsnb3950 Austin Peay Hwy, Memphis, TN 38128A5.0 ★Texas Ratio: 12.00% Cents-able Savings at 7.00% APY, FirstBank (TN)FirstBank (TN)3238 Players Club Cir, Memphis, TN 38125A5.0 ★Texas Ratio: 6.39% FirstUp Savings at 3.82% APY, Independent Bank Memphis, TNIndependent Bank Memphis, TN5050 Poplar Avenue, Memphis, TN 38157A5.0 ★Texas Ratio: 9.65% Savings Special at 3.70% APY, U TU T910 Madison Ave, Memphis, TN 38103A+5.0 ★Texas Ratio: 4.31% U Earn Savings at 3.70% APY, and Firefighters First Federal Credit UnionFirefighters First Federal Credit Union5150 Stage Rd Ste 102, Memphis, TN 38134 3169A+5.0 ★Texas Ratio: 1.58% Traditional/Roth IRA Savings at 1.00% APY. Savings rates as of March 26, 2026 according to verified data from MonitorBankRates.
To see how these savings rates in Memphis, Tennessee, and the surrounding area, compare, use our comprehensive tables below for side-by-side comparisons to find the best savings rates available. Rates in Memphis, Tennessee (TN) are continually updated — we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Memphis, Tennessee and the surrounding area. Last Updated and Verified: March 26, 2026
Compare the Best Savings Rates in Memphis, Tennessee & Surrounding Communities
Qualifications Required: recurring monthly transfer totaling $50.00 or more from the FirstBank personal checking or FirstBank personal money market; Qualifying balance up to $25,000.00
New money only. Fees may reduce earnings. Offer applies to personal accounts only.
Higher dividends are earned when you maintain a UTFCU consumer checking account and receive at least $500 in total direct deposits per month.
Qualifications Required; Qualifying balance up to $25,000
Higher dividends are earned when you maintain a UTFCU consumer checking account and receive 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.
up to $2,500
All Balances
$100,000+
Minimum Balance to open account: $5; Minimum balance to earn Interest and obtain APY: $25; Balances $50,000.00 or more
$50,000 to $99,999
$2,500 to $49,999
Minimum Balance to open account: $5; Minimum balance to earn Interest and obtain APY: $25; Balances $5,000.00 to $49,999.99
CB matches 5% of rounded-up savings quarterly
$100,000+
$50,000 to $99,999
Minimum Balance to open account: $5; Minimum balance to earn Interest and obtain APY: $25; Balances less than $5,000.00
Less than $50,000
$.01
over $2,500
Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.; $25 minimum opening deposit
Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.; $25 minimum opening deposit
Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.; $25 minimum opening deposit
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.
Memphis, TN Savings Rate Trends
Compare local Memphis, TN savings rate quotes against the statewide average
Weekly savings rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
Tennessee high-yield savings rates fell 0.188 points this week to 1.294% APY, down from 1.482% last week.
Tennessee standard savings rates rose 0.313 points this week to 0.515% APY, up from 0.202% last week.
Methodology & Data Sources
Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Memphis, 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 Memphis, 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 Memphis, Tennessee
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Memphis, Tennessee safe?
How often do savings rates change in Memphis, 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 Memphis, Tennessee?
How do I open a savings account in Memphis, Tennessee?
Best Savings Rates in Memphis, Tennessee
- Fsnb
Cents-able Savings — 7.00% APY - FirstBank (TN)
FirstUp Savings — 3.82% APY - Independent Bank Memphis, TN
Savings Special — 3.70% APY - U T
U Earn Savings — 3.70% APY - Firefighters First Federal Credit Union
Traditional/Roth IRA Savings — 1.00% APY
