Dedicated to Deposits: Deals, Data, and Discussion

4.00% Money Market Account Until 3/31/09 at BankEast in TN


BankEast is advertising a 4.00% APY money market account with the yield guaranteed through 3/31/09. The minimum initial deposit is $5,000. There's a $15 per month service charge if balance falls below $5,000. This special doesn't seem to be listed at the bank's website. It was advertised in today's Knoxville News Sentinel. The ad is available online here. The ad also lists a 4% APY 13-month CD special.

A branch visit appears to be required to open accounts. Branches are located in the Tennessee cities of Knoxville, Maryville, Townsend, Gainesboro, Seymour and Sevierville.

The bank has a 3.5 star rating (good) at BauerFinancial and a 2 star rating (below peer group) at Both are based on 3/31/08 data.

BankEast has been FDIC insured since 1968 (FDIC Certificate # 19869).

Other Money Market Account Specials

I have a list of several money market promotions with a 4%+ yield guaranteed for 3 to 6 months at the top of my weekly rate summary. I've seen several banks around the nation offering similar deals. These are local deals, and require a branch visit. Below is a list of the recent ones. Please check with the bank to ensure the offer is still available.

  Tags: money market accounts, Tennessee, BankEast

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