Tennessee Commerce Bank is paying 1.95% APY on CDs for 60 months.
Another bank offering the same rate is Intervest National Bank. The minimum balance requirement for the rates at both banks is $2,500.
Savers can get a higher rate at Melrose Credit Union. The financial institution is paying 2.68% APY on 60 month certificates of deposit. The rate, which can be availed by savers across the nation, will require a deposit of at least $5,000.