Volunteer State Bank


Overview / Commentary
615-325-9257
101 Highway 52 West
Portland, TN 37148

Volunteer State Bank is headquartered in PORTLAND and is the 25th largest bank in the state of Tennessee. It is also the 925th largest bank in the nation. It was established in 1977 and as of March of 2024, it had grown to 151 employees at 15 locations. Volunteer State Bank's CD rates are 4X the national average, and it has an A health rating.

Reviews (2)

Great Bank - But Refuses To Get With The Times

Posted by: |

They refuse to get Apple Pay. It’s like having a bank that is run by your grandpa who is afraid of technology. It’s 2018 and I’m the only one of my friends that can’t pay from their phone cause I have a bank that won’t get the service. If they’d just do that they’d be an overall great bank.

TERRIBLE Experience With This Bank

We are a high deposit customer and while the people here are GREAT, the service is not. Their app crashes often. One minute they say you can use debit card on/off features, then it doesn't work. We rarely have to chargeback something and one time we do, they are very, very mean about it not working to the best interest of the customer. Its sad really.



Health

Health Grade Components

Overall
FDIC Certificate #22451
Year Established1977
Employees151
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.62%
Return on Equity - YTD5.05%
Annual Interest Income$13.7MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$1.11B$1.05B
LoansQ1 2024vs Q1 2023$702.4MM$670.7MM
DepositsQ1 2024vs Q1 2023$911.6MM$893.1MM
Equity CapitalQ1 2024vs Q1 2023$135.2MM$141.3MM
Loan Loss AllowanceQ1 2024vs Q1 2023$7.3MM$7.7MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$7.9MM$349K
Real Estate OwnedQ1 2024vs Q1 2023$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Volunteer State 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.

Volunteer State Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$0$50kKasasa Saver
OTHER TIERS: 0.05% $50k+
0.20%$100-Savings Account
0.20%$0-IRA Savings

Volunteer State Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%*$1m*-Premium Market
OTHER TIERS: 0.35% $0 - $50k | 0.45% $50k - $100k | 0.50% $100k - $250k | 0.60% $250k - $500k | 0.65% $500k - $1m

Volunteer State Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.50%*$0$15kKasasa Cash
OTHER TIERS: 0.05% $15k+

Volunteer State Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.65%$1k-7 Month CD Special
4.25%$1k-15 Month CD Special
3.45%$1k-180 Day CD
3.30%$1k-90 Day CD
3.20%$1k-12 Month CD
2.85%$1k-18 Month CD
2.50%$1k-2 Year CD
2.50%$1k-3 Year CD
2.50%$1k-4 Year CD
2.50%$1k-5 Year CD

Volunteer State Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.65%$1k-7 Month IRA Special
4.25%$1k-15 Month IRA Special
3.45%$1k-180 Day IRA
3.20%$1k-12 Month IRA
2.85%$1k-18 Month IRA
2.85%$1k-18 Month Variable IRA
2.50%$1k-2 Year IRA
2.50%$1k-3 Year IRA
2.50%$1k-4 Year IRA
2.50%$1k-5 Year IRA
Locations

Availability



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