small buiness owner

MMDA Money Market Tier

Bigger is better. In this case, it really is that simple.

You're looking for a good way to grow your money. Nothing complicated, nothing risky. A Money Market might just be the answer. This federally insured account earns higher returns than traditional savings accounts, while providing you with easy access to your funds.

Features:

  • Interest Bearing
  • Tiered interest rates
  • Free Online Banking and Bill Pay
  • Free e-statements / online statements
  • Free Mobile Banking

Details:

  • $1,000 minimum deposit to open
  • No monthly fee on daily balances of $1,000 or more ($15 monthly fee if your balance falls below $1,000)
  • Deposits up to $250,000 insured by Federal Deposit Insurance Corp. (FDIC)

Service Charges:

  • $15 if daily balance falls below $1,000

Interest Tiers:  The interest rate and annual percentage yield (APY) for your account depend on the applicable rate tier. 

Tier 1:  Balances of $.01 - $50,000 earn an interest rate of .65% with an APY of .65%

Tier 2:  Balances of $50,001 - $100,000 earn an interest rate of 1.50% with an APY of 1.51%

Tier 3:  Balances of $100,001 - $250,000 earn an interest rate of 3.00% with an APY of 3.04%

Tier 4:  Balances of $250,001 - $500,000 earn an interest rate of 4.00% with an APY of 4.07%

Tier 5:  Balances of $500,001 - $1MM earn an interest rate of 4.50% with an APY of 4.59%

Tier 6:  Balances greater than $1MM earn an interest rate of 5.00% with an APY of 5.12%

The interest rate(s) and Annual Percentage Yield (APY) are accurate as of 10/01/2023.  Rates are subject to change after the account is opened.  Fees may reduce earnings.
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About Us

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WEALTH MANAGEMENT

Meet Our Wealth Management Team

The First National Bank of Middle Tennessee is a full-service financial institution with branches in Warren, Bedford, Davidson and Rutherford counties, as well as a mortgage office in Murfreesboro, Tenn.