Banking Rates & News

Nashville Metro Area

Including Nashville, Franklin, Murfreesboro, Clarksville, Brentwood, Cookeville, Hendersonville, Gallatin, Mount Juliet, Hopkinsville, and 124 other towns.

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Banking in the Nashville Area

Nashville is the second-largest city in Tennessee behind Memphis, with a population of about 660,000. However, it has a large surrounding area, with a metropolitan population of about 1.8 million - the largest in the state. Notable cities in the Nashville area include Franklin, Murfreesboro, Clarksville, Brentwood, Cookeville, Hendersonville, Gallatin, Lebanon, and Mount Juliet.

Though Nashville is known as the home of the Grand Ole Opry and an important city in the country music scene, it actually has a very diversified economy, one in which banking plays a significant role.

There are 86 banks and 48 credit unions with headquarters in the Nashville area. Notable institutions with their headquarters in Nashville or surrounding cities include Pinnacle Bank of Tennessee, FirstBank, Franklin Synergy Bank, Wilson Bank and Trust, and Ascend Federal Credit Union. The oldest institution with headquarters in the area that is still operating today is Elkton Bank & Trust Company, which was established in 1866. In total, including banks headquartered elsewhere that operate in and around the city, Nashville has approximately 139 banks and 60 credit unions with a total of more than 1,140 branches.

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Local Deals & News

First Of The Month CD Rate Increases At PenFed
Deal Summary : Rate increases on all Money Market Certificates/IRAs. Most noteworthy are the 12-month (2.07% APY), 18-month (2.22% APY), and 5-year (2.68% APY). Availability: Easy membership requirement It’s the
Certificates Rates Rise At Penfed
See the new rates for March
Reward Checking Account 4%APY $20K
Estatements, one automatic payment or direct deposit per statement cycle, access online banking, 10 debit card transactions. See for requirements info
2- And 3-Year Brokered Cds
For those interested in possibly taking the plunge into brokered CDs, Wells Fargo has been offering some pretty good non-callable, new issue deals with 2- and 3-year maturities. Today on
Certificate Rate Increases
6 Month 1.30% 1.30%** was 1.00% 12 Month 1.85% 1.87% was 1.61% 15 Month 1.90% 1.92% was 1.71% 18 Month 1.95% 1.97% was 1/77% 2 Year 2.00% 2.02% was 1.87%
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