Last April, SouthEast Bank began promoting two CD Specials: 15-month (1.51% APY) and 60-month (2.51% APY). The 60-month is still available, but the 15-month has been replaced by a 24-month CD Special (2.01% APY).
The minimum deposit is $1k, with no stated balance cap. The CD Specials are advertised as limited-time specials, but no specific end-date is stated on the Bank’s website.
SouthEast Bank’s Early Withdrawal Penalty is unique in that it’s based on when the withdrawal is made.
- Within 0-12 months – one month EWP
- Within 13-35 months – three months EWP
- Within 36-60 months – six months EWP
Headquartered in Farragut, Tennessee, SouthEast Bank’s market area is East and Middle Tennessee, stretching from the Kentucky border to the Alabama border.
Opening a CD can be done by phone (844.SEBANKS) or at any of 14 Tennessee branches, located in Athens, Cleveland, Cookeville (2), Dayton, Decatur, Farragut, Jamestown, Knoxville (2), Lenoir City, Ooltewah, Spring City, and Ten Mile.
SouthEast Bank has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 3.12% (excellent), based on June 30, 2017 data. In the past year, SouthEast Bank has increased its total non-brokered deposits by $217.91 million, an excellent annual growth rate of 37.59%. Please refer to our financial overview of SouthEast Bank (FDIC Certificate # 57348) for more details.
SouthEast Bank opened its doors in 2002 and was originally known as SouthEast Bank & Trust. Currently the 11th largest bank in Tennessee, SouthEast Bank has assets in excess of $1.3 billion. The Bank has established the SouthEast Bank Scholars, a scholarship program that rewards outstanding students who plan on attending a Tennessee college or university. Qualified incoming freshmen have their tuition expenses covered by the program. SouthEast Bank Scholars has awarded more than $15 million since the program began.
How the CD Specials Compare
When compared to the 238 similar length-of-term CDs tracked by DepositAccounts.com, which require a similar minimum deposit and are available within the Bank’s market area, SouthEast Bank’s 24-month CD Special APY currently ranks second.
When compared to the 212 similar length-of-term CDs tracked by DepositAccounts.com, which require a similar minimum deposit and are available within the Bank’s market area, SouthEast Bank’s 60-month CD Special APY currently ranks fifth.
The above rates are accurate as of 9/27/2017.
To search for the best CD rates, both nationwide and state specific, please refer to our CD rates table or our new Rates Map page.