Confident Futures


Savings Accounts

Traditional Savings

Our standard, liquid savings account pays more than most other banks. This account pays an interest on balances with unlimited deposits, ATM and over-the counter withdrawals.

Elite Money Market & Bronze Money Market

Higher balances mean a better return. Enjoy easy access to funds and liquidity with higher interest earning potential.

Certificates of deposit (CDs)

Among the safest investments you can make, our CDs offer a wide range of maturity dates, competitive rates, and the option to automatically renew upon maturity.

Individual Retirement Accounts (IRAs)

Individual Retirement Accounts are tax-advantaged and allow clients to contribute a portion of their earned income to build a secure future. You’ll find all the major retirement accounts with us, and we’ll help you choose which one is best for you.

Health Savings Accounts

Save for qualified current and future medical expenses on a tax-free basis. Funds contributed to an HSA belong to you and move with you through all of life’s changes.

Tax savings
Health Savings Accounts were designed to help individuals save for qualified current and future medical expenses on a tax-free basis. In addition, funds you withdraw from your HSA to pay for qualified medical expenses are tax-free. After-tax contributions you make (or that individuals other than your employer make on your behalf) to your HSA account each year are deductible on your income tax return in the same manner as an Individual Retirement Account (IRA) account regardless of whether you spend it or save it (to the extent that you did not contribute more than permitted for the year).
Balance rolls over
The unused balance in your HSA carries over from one year to the next so you never lose any funds in your account. You can also use your HSA to pay for qualified medical expenses from a previous year, as long as they were incurred after the HSA was established (or as otherwise permitted by applicable law).

Tax-free growth
Funds in the account can grow tax-free.

Funds contributed to an HSA belong to you and are completely portable. A portable HSA provides a long-term consistent account that moves with you through all of life’s changes, including a new job, new health plans, or retirement.

Visit one of our convenient branch locations.
There are certain conditions that must be met prior to opening a Tennessee Bank & Trust Health Savings Account.
You cannot open a Health Savings Account if you:
Can be claimed as a dependent on anyone else’s tax return.
Are currently receiving Medicare benefits.
Are enrolled in any non-qualifying health coverage that does not satisfy the statutory minimum deductible requirements of Internal Revenue Code Section 223 (unless that coverage is limited to certain permitted types of coverage or insurance). If you have a Flexible Spending Account or a Health Reimbursement Arrangement with your employer, or if you are covered under your spouse’s Flexible Spending Account or Health Reimbursement Arrangement, you may not be eligible to open a Health Savings Account. (Your employer’s benefits administrator should be able to help answer whether your Flexible Spending Account or Health Reimbursement Arrangement will allow you to open a Health Savings Account.)

These conditions are subject to change. For more information, go to
Tennessee Bank & Trust offers Health Savings Accounts (“HSA”) as custodian only. The HSA is intended to qualify as a Health Savings Account as set forth in Internal Revenue Code Section 223. However, you are solely responsible for ensuring that you satisfy the HSA eligibility requirements set forth in Section 223. If you establish an HSA and you are not otherwise eligible, you will be subject to adverse tax consequences. We recommend that you contact qualified tax or legal counsel before establishing an HSA.