4.00% Savings Account for 6 Months at First Tennessee Bank

First Tennessee Bank has a savings account special with a 4.00% APY guaranteed for 6 months. An initial deposit of $10,000 and a checking account are required. An initial deposit of $5,000 will guarantee 4.00% APY for 3 months.

The Relationship First Savings Page has the details of this account. The standard rates are low. There's a $9 monthly fee if you have less than $5,000 in combined balances. The account does have limited check writing.

It appears a branch visit is required to open new accounts. Branches are located mostly in Tennessee, but there are also branches in Georgia, Virginia, Arkansas and Mississippi. The bank has been FDIC insured since 1934 (FDIC Certificate # 4977).

Tags: money market accounts, Virginia, Tennessee, Mississippi, Georgia, First Tennessee Bank, National Association, Arkansas, savings account