Mountain Commerce Bank (TN) Celebrates 100 Years With Savings Rate Guarantee


Availability: Market area is defined as East Tennessee, including Knox, Washington, and Unicoi Counties.

In celebration of its 100th anniversary, Mountain Commerce Bank (MCB) is offering its Century Gold Savings account (1.05% APY) with a rate guarantee through December 31, 2016.

1.05%$100-Mountain Commerce BankMCB Century Gold Savings
Accounts mentioned in this post. Rates as of October 23, 2016.

This promotional offer is for new MCB Century Gold Savings account customers and requires a minimum opening deposit of $100 that must be new money. The fine print on the promotion page states, "Funds deposited must be new money to MCB," but I confirmed with CSR that the new money restriction applies only to the $100 minimum opening deposit.

The Century Gold Savings account has no monthly service fees, but a $2 fee will be applied if there are more than six debits per quarter. Interest is compounded daily and posted quarterly.


Headquartered in Knoxville, Mountain Commerce Bank’s market area is defined as East Tennessee, including the counties of Knox, Washington, and Unicoi.

Opening a Century Savings Gold account (or any other MCB account) must be done in person at any of five Tennessee branches, located in Erwin, Johnson City, Knoxville (2), and Unicoi.

At this time, MCB’s online platform is devoted to bill payment services and account management.

Bank Overview

Mountain Commerce Bank (FDIC Certificate # 4931) has an overall health grade of "B" at, with a Texas ratio of 24.77% (average) based on December 31, 2015 data. In the past year, MCB has increased its total deposits by $78.48 million, an excellent annual growth rate of 22.12%. Please refer to our financial overview of Mountain Commerce Bank for more details.

In 1910, the privately owned Erwin National Bank (ENB) opened its doors in the small mountain town of Erwin, near the Tennessee-North Carolina border. ENB maintained its position as the premier local bank for nearly 100 years. In 2006, Mountain Commerce Bancorp acquired ENB, recapitalized the Bank, and changed the name to Mountain Commerce Bank. The new Mountain Commerce Bank began an expansion that increased its assets from $83 million to more than $300 million in just over a year. Today, MCB is Tennessee’s 35th largest bank with assets in excess of $495 million.

How The Century Gold Savings Account Compares

When compared to the 175 Savings Accounts tracked by that are available to residents of East Tennessee, Mountain Commerce Bank’s Century Gold Savings Account APY currently ranks in the top four, with the rate guarantee increasing its intrinsic value.

The above rates are accurate as of 5/20/2016.

To look for the best nationwide Savings Account rates and the best Savings Account rates in your state, please refer to our Savings Account rates table or our new Rates Map page.

Anonymous   |     |   Comment #1
XCeed Credit Union is offering 1.25% on 14 month CD and 14 month IRA CD. It is a new special.
Carpline   |     |   Comment #3
I don't see it on Xceed's website.  Where did you find it?  Thanks!