Since we’ve begun a brand new year, it’s a great chance to scrutinize your finances and discover opportunities to improve them. For instance, it may have been a while since you last looked at your bank accounts. One positive change you can make right now is moving your money to a higher earning investment. CD rates in Knoxville are competitive if you know where to look, so find out if there’s a credit union or bank in the neighborhood offering a great rate. 
| Featured Rate | Bank / Credit Union | Account Type | |
|---|---|---|---|
|
1.18%
As of January 24, 2012
2-Year CD Rate
|
![]() View Rate Details |
Ally Bank | CD Account |
| Highest Rates Recent Rate Changes | |||
| Best Rates (APY) | Bank / Credit Union | Account Type | |
|
1.10%
As of February 3, 2012
|
View Rate Details | Mountain National Bank | CD Account |
|
1.00%
As of January 30, 2012
|
View Rate Details | Etma Credit Union | CD Account |
|
1.00%
As of January 24, 2012
|
View Rate Details | First Trust and Savings Bank, Oneida, Tennessee | CD Account |
|
0.88%
As of February 1, 2012
|
View Rate Details | Community National Bank Dayton, TN | CD Account |
|
0.80%
As of January 23, 2012
|
View Rate Details | Y-12 Credit Union | CD Account |
|
0.75%
As of February 2, 2012
|
View Rate Details | Knoxville Firefighters Credit Union | CD Account |
| Bank / Account Type | Rate Change | Date | |
|---|---|---|---|
| First Trust and Savings Bank, Oneida, Tennessee - 2 Year CD Account | 1.11% to 1.00% | Jan 24, 2012 | |
| First Trust and Savings Bank, Oneida, Tennessee - 12 Month CD Account | 0.70% to 0.65% | Jan 24, 2012 | |
| First Trust and Savings Bank, Oneida, Tennessee - 6 Month CD Account | 0.45% to 0.40% | Jan 24, 2012 | |

You may be aware that a certificate of deposit yields higher interest than a traditional savings account, but do you know why? There are actually very concrete reasons behind why 