Nashville, Tennessee Savings Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Nashville, Tennessee savings account rates range from 0.01% to 7.00% APY, verified by MonitorBankRates as of October 13, 2026. The best savings rates for Nashville, Tennessee and the surrounding area include FsnbFsnb7044 Charlotte Pike, Nashville, TN 37209A+5.0 ★Texas Ratio: 4.08%Real return: +4.20%APY minus 2.8% CPI (February 2026) Cents-able Savings at 7.00% APY, Finworth, a division of InsBankFinworth, a division of InsBank2106 Crestmoor Rd, Nashville, TN 37215A+5.0 ★Texas Ratio: 2.15%Real return: +1.30%APY minus 2.8% CPI (February 2026) High Yield Savings at 4.10% APY, US Community Credit UnionUS Community Credit Union89 Hermitage Ave, Nashville, TN 37210A+5.0 ★Texas Ratio: 3.93%Real return: +1.26%APY minus 2.8% CPI (February 2026) Kickstart Kids Savings Acct at 4.06% APY, CIT BankCIT Bank1516 16th Ave S, Nashville, TN 37212A5.0 ★Texas Ratio: 7.72%Real return: +0.95%APY minus 2.8% CPI (February 2026) Platinum Savings >= at 3.75% APY, and Resound Credit UnionResound Credit Union1701 21st Ave s, Nashville, TN 37212 3703A+5.0 ★Texas Ratio: 5.03%Real return: +0.80%APY minus 2.8% CPI (February 2026) Christmas Savings at 3.60% APY.
Nashville has 75 local institutions in our database, with savings rates as high as 7.00% APY from Fsnb at 7044 Charlotte Pike, Nashville, TN 37209. 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 Nashville, Tennessee and the surrounding area. Last Updated and Verified: October 13, 2026
Compare the Best Savings Rates in Nashville, Tennessee & Surrounding Communities
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: $5.00 Minimum Balance; 1
Any amount over $500 with receive the Regular Savings Rate of .05% APY.
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
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.
As High As; APY shown on homepage rate carousel
Balance: Balances Through $249,999.99
Earn 3.40% APY when you combine Companion Savings with a qualifying FirstBank CD.
Balance: $25,000 to $299,999
Qualifications Required: 2.96% v; 3.00% v; Balance: When qualifying criteria are met on first $20,000
Balance: $250,000 or more
Share/IRA Accounts; APY as high as
- Oct 5, 20262.02%▲ from 1.87%
- Sep 29, 20261.87%first recorded
Balance: $100,000 to $249,999
- Oct 10, 20261.40%▼ from 2.05%
- Sep 14, 20262.05%first recorded
Balance: $80,001.00 and above
Balance: $50,001.00 to $80,000.00
Balance: $50,000 to $99,999
- Oct 10, 20261.20%▼ from 2.05%
- Sep 14, 20262.05%first recorded
Balance: $20,001.00 to $50,000.00
Balance: $25,000 to $49,999
- Oct 10, 20261.00%▼ from 2.05%
- Sep 14, 20262.05%first recorded
Balance: $1,500.00 to $20,000.00
Balance: $10,000 to $24,999
- Oct 10, 20260.85%▼ from 2.05%
- Sep 14, 20262.05%first recorded
Balances $50,000.00 or more; Tier Three
Balance: $1,000 to $9,999
- Oct 10, 20260.70%▼ from 2.05%
- Sep 14, 20262.05%first recorded
- Oct 2, 20260.69%▲ from 0.20%
- Sep 14, 20260.20%first recorded
Balance: Equal to or greater than $1,000,000
Balance: $100,000.00 and Over
Balance: Equal to or greater than $500,000 but less than $1,000,000
Balance: $25,000.00 - $99,999.99
Balance: Equal to or greater than $250,000 but less than $500,000
Balances $5,000.00 to $49,999.99; Tier Two
Balance: Equal to or greater than $100,000 but less than $250,000
Business Banking; (Share) Savings Accounts; APY as high as
Balance: $1,000.00 - $24,999.99
Balance: Equal to or greater than $50,000 but less than $100,000
Balances less than $5,000.00; Tier One
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: Below $50,000
- Oct 6, 20260.25%▼ from 3.75%
- Sep 24, 20263.75%first recorded
Balance: Minimum to Earn Dividends $5.00; Dividends Credited: Quarterly
Balance: When qualifying criteria are met on amounts over $20,000
Balance: $250,000 AND OVER; Rates effective November 1, 2025
Balance: $250,000 AND OVER
Balance: $20,000 & Up
Balance: $20,000 & Up
Balance: $20,000 & Up
Balance: $50,000 - $99,999
Balance: $0 - $24,999
Balances Through $4,999.99; An interest-bearing savings account with unlimited deposits.
When linked to Premier Checking. Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.
- Oct 7, 20260.05%▲ from 0.01%
- Sep 27, 20260.01%▼ from 0.05%
- Sep 18, 20260.05%first recorded
Balance: $0+
Balances through $99.99; A variable rate, interest-bearing savings account with a low minimum balance required.
When linked to Prime Checking. Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.
- Oct 7, 20260.02%▲ from 0.01%
- Sep 27, 20260.01%▼ from 0.02%
- Sep 18, 20260.02%first recorded
Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.
- Sep 27, 20260.01%▼ from 0.02%
- Sep 18, 20260.02%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.
Nashville, TN Savings Rate Trends
Compare local Nashville, 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 fell 0.027 points over the past 7 days to 2.225% APY, down from 2.252%.
Tennessee standard savings rates rose 0.025 points over the past 7 days to 0.586% APY, up from 0.560%.
Nashville, 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 2.225% 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 Nashville, Tennessee.
Savings Account Earnings in Nashville, 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 (2.225% APY) | Monthly Earnings | Standard Savings (0.586% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $111.23 / year | $9.27 | $29.28 / year | $2.44 |
| $10,000 | $222.45 / year | $18.54 | $58.56 / year | $4.88 |
| $25,000 | $556.13 / year | $46.34 | $146.40 / year | $12.20 |
| $50,000 | $1,112.25 / year | $92.69 | $292.80 / year | $24.40 |
| 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: Nashville, Tennessee savings rate averages as of October 13, 2026. | ||||
About Our Nashville, Tennessee Savings Rate Database
MonitorBankRates found 22 institutions with branches in Nashville (11 banks, 11 credit unions). 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: Fsnb offers a savings account at 7.00% APY with a minimum deposit of $5. Use the rate table above to compare all current offers in Nashville, Tennessee.
How to Find the Best Savings Rates in Nashville, Tennessee
What to compare when shopping for a savings account in Nashville, Tennessee
To find the best savings APYs in Nashville, Tennessee, start with credit unions and online-only banks: Nashville, Tennessee has 11 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 2.225% but top local institutions are offering as high as 7.00%, 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. Nashville, Tennessee high-yield savings rates currently average 2.225% 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 Nashville, Tennessee institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 22 institutions in Nashville, 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 Nashville, Tennessee CD rates
- You want check-writing flexibility Nashville, Tennessee money market rates
- You need daily transaction access Nashville, 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 2.225%, saving 10% of the local median salary ($4,241/year) would earn an additional $94 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Nashville, Tennessee Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Nashville, Tennessee.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current TN Avg APY | 2.225% | 0.586% | 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 Nashville, Tennessee averages tracked in our database as of October 13, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Nashville, Tennessee
At TN’s top rate of 7.00% from Fsnb, a $10,000 deposit earns $700 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Nashville, Tennessee earner is roughly $10,600. At 2.225% 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 2.225% 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 Nashville, Tennessee earner makes $42,418/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 2.225% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 2.225% APY grows to roughly $38,819 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 Nashville, 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 Nashville, 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 Nashville, 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 Nashville, Tennessee
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Nashville, Tennessee safe?
How often do savings rates change in Nashville, 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 Nashville, Tennessee?
How do I open a savings account in Nashville, Tennessee?
Best Savings Rates in Nashville, Tennessee
- Fsnb
Cents-able Savings: 7.00% APY - Finworth, a division of InsBank
High Yield Savings: 4.10% APY - US Community Credit Union
Kickstart Kids Savings Acct: 4.06% APY - CIT Bank
Platinum Savings >=: 3.75% APY - Resound Credit Union
Christmas Savings: 3.60% APY
Nashville, Tennessee Rates & Resources
