Certificates of Deposit (CDs)
At National Bank of Tennessee we offer various Certificates of Deposits (CDs). This is different from savings accounts in that a CD has a specific, fixed term and a fixed interest rate. Normally CDs are held until maturity, at which time the money may be withdrawn together with the accrued interest.
By opening a CD and holding it until maturity, our customers can earn a higher interest rate than they do on accounts from which money may be withdrawn on demand (NOW accounts or regular savings accounts.)