Dedicated to Deposits: Deals, Data, and Discussion
Commercial Bank and Trust1.60%-$15kChoice Checking
Commercial Bank and Trust0.05%--Choice Checking
Accounts mentioned in this post. Rates as of August 21, 2014

High-Yield Reward Checking Account at Commercial Bank and Trust Company in TN - Local Only


Commercial Bank and Trust

Commercial Bank and Trust Company is offering a reward checking account called Choice Checking with a rate that's currently much better than what you can get from nationally available reward checking accounts. Choice Checking has the following rates if certain monthly requirements are met (as of 12/03/2010):

  • 4.09% APY on balances up to $25,000
  • 0.80% APY on balances over $25,000
  • 0.05% base rate if requirements are not met

Monthly requirements include:

  • 12 debit card purchases
  • One ACH debit/credit
  • Access NetTeller at least once
  • Receives e-statements

There is no monthly maintenance fee. Also, there are unlimited foreign ATM refunds, and this doesn't appear to be conditional with meeting the monthly requirements.

It appears that a branch visit is required to open an account. Branches are located in the Tennessee cities of Memphis, Jackson, Paris and Union City.

The bank has an overall health score at of 4 out of 5 with a Texas Ratio of 7.43% (excellent) based on September 2010 data. Please refer to our financial overview of Commercial Bank and Trust for more details. The bank has been a FDIC member since 1934 (FDIC Certificate # 8660).

Other High-Yield Reward Checking Accounts

To find reward checking accounts in your state or to find those available nationwide, please refer to the reward checking section of

  Tags: Commercial Bank and Trust, Tennessee, reward checking account, checking account

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