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Because Tennessee Commerce Bank is a different kind of bank, a true "business bank," we have built-in cost efficiencies that translate into better rates for our customers. Check our rates against the competition and we think you'll find that TCB takes care of you…and your business.
Week of May 13, 2008 -
May 19, 2008
DEPOSIT PRODUCTS
| Account Type |
Balance Range |
Rate Paid |
Rate |
APY |
| Savings - Personal & Business |
|
|
|
|
Tier 1
|
($0 to $100,000) |
|
1.98 |
2.00 |
Tier 2
|
(Over $100,000) |
|
1.49 |
1.50 |
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| TCB Checking & Business NOW |
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|
Tier 1
|
($0 to $25,000) |
13 Wk T-Bill Rates less 2.50% |
0.00 |
0.00 |
Tier 2
|
($25,000 - $75,000) |
13 Wk T-Bill Rates less 2.00% |
0.00 |
0.00 |
Tier 3
|
(Over $ 75,000) |
13 Wk T-Bill Rates less 1.00% |
0.80 |
0.80 |
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| Money Fund |
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Tier 1
|
($ 0 to $25,000) |
13 Wk T-Bill Rates less 1.75% |
0.05 |
0.05 |
Tier 2
|
($25,000 - $75,000) |
13 Wk T-Bill Rates less 1.25% |
0.55 |
0.55 |
Tier 3
|
(Over $75,000) |
13 Wk T-Bill Rates less 0.75% |
1.05 |
1.06 |
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| Market Watch Money Fund |
($10,000 - $1,000,000) |
6 month T-Bill Rates |
1.86 |
1.88 |
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| Investor's Money Fund |
($250,000 -$1,000,000) |
6 month T-Bill Rates plus 0.50% |
2.36 |
2.39 |
(Rates based on Bloomberg.com website)
CERTIFICATES OF DEPOSIT and IRAs
Minimum $5,000 to open
| Duration |
RATE |
APY |
| 3 Months |
2.91 |
2.95 |
| 6 Months |
3.44 |
3.50 |
| 12 Months |
3.78 |
3.85 |
| 18 Months |
3.65 |
3.71 |
| 24 Months |
3.65 |
3.71 |
| 36 Months |
3.65 |
3.71 |
| 48 Months |
3.44 |
3.50 |
| 60 Months |
3.44 |
3.50 |
*Annual Percentage Yields (APY) for deposit instruments with no maturities or maturities of less than one year assume reinvestment at the current rate for original term. Interest is accrued daily and compounded monthly. Interest rates are subject to change without notice. An interest penalty is required on early withdrawal of time deposits. Regular fees or other conditions could reduce the yield. For details, please review the
Deposit Account Agreement and Disclosure.
A Substantial Penalty is imposed on premature withdrawals from certificates of deposits.
Depositors are insured for up to $100,000 by the Federal Deposit Insurance Corporation (FDIC). Fees may reduce earnings. For complete details on any of our deposit products contact a Customer Service Representative for assistance at (615) 599-2274 or 1-877-684-2265.
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