Franklin Synergy Bank

Overview / Commentary
722 Columbia Avenue
Franklin, TN 37064

Franklin Synergy Bank is headquartered in Franklin and is the 4th largest bank in the state of Tennessee. It is also the 266th largest bank in the nation. It was established in 2007 and as of June of 2019, it had grown to 337 employees at 15 locations. Franklin Synergy Bank's money market rates are 2X the national average, and it has a B+ health rating.

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Reviews (1)

Amazing Customer Service Experience

I was recently traveling cross-country and needed to quickly opened a new savings account.
I'm so glad I went to Franklin Synergy Bank as the customer service and the woman I was helped by were incredibly kind and gracious.
They quickly processed my request for a new account and were excellent, ensuring that my sudden need for a new account would not adversely affect the rest of my vacation. Creating an account can be a complex and sometimes lengthy process, but their customer service really put my mind at ease it made things quick and painless.
I would highly recommend that anyone looking to sign up for a new account use Franklin Synergy as their attitude is simply outstanding and unparalleled.
In the future I plan on making several large purchases and my family hopes to apply for another account later this year and we will definitely be using them.
A friend of mine recently set up a savings account with them and was also very impressed with their great customer service.


Health Grade Components

FDIC Certificate #58714
Year Established2007
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.61%
Return on Equity - YTD5.8%
Annual Interest Income$94.9MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$4.07B$4.16B
LoansQ2 2019vs Q2 2018$2.88B$2.47B
DepositsQ2 2019vs Q2 2018$3.15B$3.40B
Equity CapitalQ2 2019vs Q2 2018$451.4MM$402.8MM
Loan Loss AllowanceQ2 2019vs Q2 2018$27.4MM$22.3MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$4.7MM$3.4MM
Real Estate OwnedQ2 2019vs Q2 2018$0$1.5MM
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Always verify rates and promotions with the bank or credit union. We are not Franklin Synergy Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Franklin Synergy Bank Savings Account Rates

0.45%*$25k*-E-Savings Account
OTHER TIERS: 0.25% $500 - $25k
0.25%$500-Synergy Savings Account
0.25%--Young Savers
0.25%--Christmas Club

Franklin Synergy Bank Money Market Rates

1.08%*$500k*-Synergy Money Market Account
OTHER TIERS: 0.58% $500 - $10k | 0.68% $10k - $50k | 0.78% $50k - $100k | 0.88% $100k - $250k | 0.98% $250k - $500k

Franklin Synergy Bank Checking Account Rates

0.10%*$150k*-Synergy Club Checking
OTHER TIERS: 0.03% $500 - $2.5k | 0.05% $2.5k - $10k | 0.06% $10k - $50k | 0.07% $50k - $100k | 0.08% $100k - $150k
0.10%*$150k*-Pineapple Gold Club Checking
OTHER TIERS: 0.03% $500 - $2.5k | 0.05% $2.5k - $10k | 0.06% $10k - $50k | 0.07% $50k - $100k | 0.08% $100k - $150k

Franklin Synergy Bank CD Rates

1.49%$1k$95k15 Month eCD


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