Interest Rates

Certificate of Deposit (CD), Individual Retirement Account (IRA) and Deposit Rates
Effective Date 4/17/2018 through 4/23/2018
All rates Subject to Change Without Notice.


CD Rates

TERM 3 MO 6 MO 9 MO 18 MO 1 YR 2 YR 3 YR 4 YR 5 YR
INTEREST CREDITED MONTHLY

RATE1

0.25% 0.40% 0.40% 0.60% 0.60% 0.85% 1.00% 1.24% 1.24%
APY2 0.25% 0.40% 0.40% 0.60% 0.60% 0.85% 1.00% 1.25% 1.25%
INTEREST CREDITED AT MATURITY
RATE1 0.25% 0.40% 0.60%
APY2 0.25% 0.40% 0.60%
PENALTY 2 MO 3 MO 3 MO 6 MO 6 MO 6 MO 6 MO 6 MO 6 MO

Jumbo CD Rates

 RATE1 APY2 TERM
0.25% 0.25% 14-59 DAYS
0.25% 0.25% 60-89 DAYS
0.25% 0.25% 90-179 DAYS
0.40% 0.40% 180-269 DAYS
0.50% 0.50% 270-365 DAYS

Penalty: 3 MO Interest on All Jumbo Accounts

PENALTY (WHETHER EARNED OR NOT) based on simple interest rate in effect on early withdrawal date.
Penalty will be waived under certain circumstances.

  • Withdrawal of principal not permitted before maturity without penalty. Interest may be withdrawn after it is credited.
  • CD rates are fixed for term of account. Automatic Renewal.
  • Interest is compounded monthly and paid monthly; payable at maturity on terms to one year if requested.
  • APY based on monthly compounding until maturity. APY assumes interest remains on deposit until maturity; a withdrawal will reduce earnings.
  • Additions may only be made during the 10 day grace period and do not adjust the maturity date.
  • Accounts closed before interest is credited will receive accrued interest.
  • A minimum balance of $500.00 is required to open the account and to obtain the APY. (The minimum to open a Jumbo CD is $100,000.00).
  • Withdrawals reducing the balance below the required minimum are treated as an account closeout.
  • The daily balance method is used to calculate interest; applies a daily periodic rate to the principal each day.
  • Interest begins to accrue on the business day you deposit noncash items (e.g. checks).
  • 1RATE=Interest Rate
  • 2APY=Annual Percentage Yield

IRA Rates

(See Retirement Accounts under Personal Banking for special Terms & Conditions)

IRA Money Market Investment3

RATE1 APY2 Min to Earn APY2
0.20% 0.20% $0.00 - $9,999.00
0.20% 0.20% $9,999.01--$24,999.00
0.20% 0.20% $24,999.01--$49,999.00
0.20% 0.20% $49,999.01--$99,999.00
0.35% 0.35% $99,999.01--$249,999.00
0.35% 0.35% $249,999.01--$499,999.00
0.35% 0.35% $499,999.01--$999,999.00
0.45% 0.45% Over $999,999.00

Minimum to Open $100.00

IRA CDs

ACCOUNT TYPE RATE1 APY2 MIN TO OPEN MIN TO EARN APY2
IRA 3MO TERM 0.25% 0.25% $100.00 $1.00
IRA 6MO TERM 0.40% 0.40% $100.00 $1.00
IRA 9MO TERM 0.40% 0.40% $100.00 $1.00
IRA 18MO TERM 0.60% 0.60% $100.00 $1.00
IRA 1YR TERM 0.60% 0.60% $100.00 $1.00
IRA 2YR TERM 0.85% 0.85% $100.00 $1.00
IRA 3YR TERM 1.00% 1.00% $100.00 $1.00
IRA 4YR TERM 1.24% 1.25% $100.00 $1.00
IRA 5YR TERM 1.24% 1.25% $100.00 $1.00

PENALTY (WHETHER EARNED OR NOT) based on simple interest rate in effect for the account on early withdrawal date.
Penalties are the same as disclosed above for CD rates.  Withdrawals (distributions) and additions (contributions) are subject to the IRA Trust Agreement.

  • Withdrawals from an IRA prior to age 59 1/2 may be subject to an IRS 10% premature distribution penalty in addition to the bank penalty.
  • Bank penalty will be waived under certain circumstances.
  • IRA CD rates are fixed for term of account. IRA Money Market rates may change at the bank's discretion at any time.
  • Interest is compounded daily and paid monthly. Additionally, Money Markets are paid the stated interest rate that corresponds to the applicable tier on the full balance in the account.
  • APY based on daily compounding until maturity. APY assumes interest remains on deposit until maturity. A withdrawal will reduce earnings.
  • Automatic renewal.
  • Accounts closed before interest is credited will receive accrued interest.
  • The daily balance method is used to calculate interest; applies a daily periodic rate to the principal each day.
  • Interest begins to accrue on the business day you deposit non-cash items (e.g. checks).
  • 1RATE=Interest Rate
  • 2APY=Annual Percentage Yield
  • 3IRA Money Market accounts are limited to six preauthorized transfers each statement cycle.  Preauthorized transfers include automatic distributions from your account.

Deposit Rates

ACCOUNT TYPE RATE1 APY2 MIN TO OPEN MIN BALANCE TO EARN APY2 MIN BALANCE TO AVOID MONTHLY MAINTENANCE FEE MIN BALANCE TO AVOID DORMANT FEES6
STATEMENT SAVINGS4,5 0.20% 0.20% $100.00 $50.00 $50.00 or $2.00 per month $500.00
CHRISTMAS CLUB SAVINGS4,5 0.20% 0.20% $1.00 $1.00 NONE $500.00
REGULAR CHECKING 0.00% 0.00% $100.00 N/A $100.00
or $2.00 per month and .25 per check processed regardless of balance
$100.00
STUDENT CHECKING
For students under the age of 23
0.00% 0.00% $100.00 N/A .25 per check processed after 10th check regardless of balance $100.00
HOMEFREE CHECKING 0.00% 0.00% $100.00 N/A NONE $700.00
NOW ACCOUNT CHECKING
Only available to Consumers
0.15% 0.15% $100.00 $1.00 $700.00 or $7.00 per month $700.00
OVER 55 CHECKING
NOW account available to Seniors 55 or older
0.15% 0.15% $100.00 $1.00 NONE $700.00
HOMEPLUS PLATINUM/DIAMOND CHECKING
Diamond account available to Seniors 55 or older
0.10% 0.10% $100.00 $0.00-$2,499.00 $10.00 / mo. Platinum
$5.99 / mo. Diamond both accounts charged regardless of balance
$700.00
0.20% 0.20% $2,499.01-$24,999.00
0.20% 0.20% $24,999.01-$99,999.00
0.30% 0.30% $99,999.01-$999,999.00
0.40% 0.40% Over $999,999.00
MONEY MARKET INVESTMENT4 0.20% 0.20% $100.00 $0.00-$2,499.00 $100.00 or $2.00 per month $1,000.00
0.20% 0.20% $2,499.01-$24,999.00
0.20% 0.20% $24,999.01-$99,999.00
0.35% 0.35% $99,999.01-$999,999.00
  0.45% 0.45%   Over $999,999.00    
Health Savings Account (HSA) 0.15% 0.15% $1.00 $0.00-$4,999.00 NONE $500.00
  0.25% 0.25%   $4,999.01-$9,999.00    
  0.25% 0.25%   $9,999.01-$24,999.00    
  0.40% 0.40%   $24,999.01-$99,999.00    
  0.50% 0.50%   Over $99,999.00    
  • Interest is compounded daily and paid monthly, except Christmas Club accounts.
  • Christmas Club--Interest is compounded daily and paid with the annual club payout or at account closure.
  • The daily balance method is used to calculate interest; applies a daily periodic rate to the principal each day.
  • Fees may reduce earnings.
  • Accounts closed before interest is credited will receive accrued interest.
  • Interest may be withdrawn after it is credited, excluding Health Savings Accounts.
  • Rates are determined at the bank's discretion. APYs and rates may change any time after the account is opened.
  • Tiered rate accounts are paid the stated interest rate that corresponds to the applicable tier on the full balance in the account.
  • 1RATE=Interest Rate
  • 2APY=Annual Percentage Yield
  • 4Statement Savings, Christmas Club Savings, and Money Market accounts are limited to six preauthorized transfers each statement cycle. Preauthorized transfers include Online/Mobile Banking transfers, debit card transactions, automatic transfer debits, telephone transfers and automatic drafts from your account. Additionally, for Money Market accounts, preauthorized transfers include checks paid to third parties and Online/Mobile Banking bill payments.
  • 5Interest begins to accrue on the business day you deposit noncash items (e.g. checks). All other accounts, interest begins to accrue no later than the business day we receive credit for the deposit of noncash items.
  • 6$2.00 monthly dormant fee if date of last activity is after: Checking types-1yr, Money Market-2yrs, Savings & HSA types-3yrs.
For More Information Call: (865) 546-0330.
Member FDIC

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Mortgage Rates

Last update: 4/20/2018
10:00 a.m.
Lock Period: 45 days
Origination Fee: .00%
Program Name Interest Rate/ Payment Discount Points/AMT APR
30 Year Fixed

4.250%
$811.71

1.00%
$1,650.00

4.3700

20 Year Fixed

3.875%
$989.04

1.00%
$1,650.00

4.0390

15 Year Fixed

3.375%
$1,169.46

1.00%
$1,650.00

3.5820

30 Year Jumbo

4.875%
$2,397.85

0.75%
$3,398.26

4.9550

15 Year Jumbo

4.750%
$3,524.37

0.75%
$3,398.26

4.8880

 

 

 

 

5/1 ARM
(APR based on
30 yr. amortization)

3.500%
$740.93

1.00%
$1,650.00

4.4940

7/1 ARM
(APR based on
30 yr. amortization)

3.750%
$764.15

1.00%
$1,650.00

4.4550

  • Rates and APRs are based on amounts of $165,000 for Conforming Loans and $453,101 for Jumbo Loans. Rates are for owner-occupied single family dwellings. ARM Mortgages contain a variable-rate feature, and interest rates may increase over the term of the loan.
  • Above listed rates are for purchase and refinance transactions with 740+ credit scores and LTV's less than or equal to 80% with no subordinate financing.
  • Loans up to 97% LTV are available with PMI. FHA, VA, THDA and other type loans are available. Please contact us for rates. Rates, points and programs cannot be guaranteed and are subject to change without notice. Maximum Loan amount for a conforming loan is $453,100. Jumbo is a loan amount in excess of $453,100.
  • Note: Monthly payments shown do not include amounts for property taxes and insurance premiums; if included, actual payment obligation will be greater.

Information That Will Be Needed to Process Your Application

Mortgage Loan Department

Douglas F. Byrd
Vice President / Manager
NMLS# - 1649809

West Knoxville Office

1700 Downtown West Boulevard
Knoxville, TN 37919
Phone: (865) 691-0935 

Officers:
Colleen Robinson--(NMLS# - 519860)
Barry Sharp--(NMLS# - 461572)

North Knoxville Office

105 E. Emory Road
Powell, TN 37849
Phone: (865) 689-2104

Officers:
Susan Bradley--(NMLS# - 519836)
Charles Martin--(NMLS# - 722128)

Sevierville Office

307 Parkway
Sevierville, TN 37862
Phone: (865) 453-7545

Officer:
Leslie Atchley--(NMLS# - 519831)