Centennial Bank savings and money market rates
Centennial Bank's Rewards Savings advertises 1.00% APY on balances of $25,000 or less, and 0.40% on larger balances. That is 0.62 percentage points above the national savings average of 0.38% (FDIC, Oct 2026).
The rate needs a linked account at the bank.
Ranked #812 of 3134 tracked savings rates by advertised APY. For a $10,000 balance it would rank #559.
Centennial Bank at a glance
| Savings | |
|---|---|
| Top savings APY | 1.00% · Rewards Savings · $25,000 or less only · needs a linked account at the bank |
| Minimum to open | $25 · Rewards Savings |
| Against the national average | 0.62 percentage points above the 0.38% FDIC savings average (Oct 2026) |
| Money market | |
| Top money market APY | Up to 3.75% · Money Market Account · needs at least $250,000 |
| Minimum to open | $2,500 · Money Market Account |
| Against the national average | 3.12 percentage points above the 0.63% FDIC money market average (Oct 2026) |
| FDIC certificate | 8439 · Trezevant, TN |
|---|---|
| Website | www.mycentennial.bank |
| Branches | 17 branches in TN |
| Availability | Available in TN |
Centennial Bank savings and money market rates
How the rate applies
How the rate applies
How the rate applies
How the rate applies
Rates are annual percentage yields (APY). A variable rate may change after the account is opened. Fees could reduce the earnings on the account.
The national savings average is 0.38% (FDIC, Oct 2026). The top tracked savings rate on Banksparency is 12.00%. Across 59 savings accounts from 58 banks in the Banksparency core savings index, the median advertised rate is 3.66%, and one account in ten advertises 4.20% or more. See the highest savings rates.
Interactive Tool
Calculate Savings for Centennial Bank
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$236.00(1.7%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$14,236.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What Centennial Bank pays on deposits
FDIC call report data
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced the savings and money market deposits it already holds, over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
The two figures answer different questions, so they sit side by side and are not combined. The 1.00% applies to balances of $25,000 or less. A larger balance earns 0.40% on the whole amount.
In Q2 2026, Centennial Bank paid a higher average rate on savings and money market deposits than 92% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
- Centennial Bank, savings and money market
- All-bank median
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers savings accounts and money market deposit accounts, personal and business, at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years. The FDIC line does not separate consumer accounts.
The second figure. The scale row also shows the average across all interest-bearing deposits: savings, interest checking, money market accounts, CDs, personal and business. That figure covers the whole deposit book. The two are shown separately and are not combined.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older savings balances at the rates of earlier years, money market balances that were priced in a different rate environment, and business accounts. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rates paid on savings and money market deposits, and on all interest-bearing deposits, quarterly. The FDIC line for savings includes money market deposit accounts and business savings deposits and does not separate consumer accounts. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated. The percentile counts the banks that paid strictly less on savings and money market deposits, one vote per bank, among the banks that reported a figure for the quarter.
So what is the catch?
| Product | APY | Min to open | Min to earn | Balance cap | Monthly fee | Requirements | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|---|---|
| Christmas Club | Up to 2.27% | $10 | $0 | $5,000 | not stated | not stated | Tiered | |
| Fine print: The stated APY applies to balances up to $5,000. Balances above $5,000 earn a lower rate. The balance with earnings is transferred out automatically on November 1 each year. | ||||||||
| Vacation Club | Up to 2.27% | $10 | $0 | $5,000 | not stated | not stated | Tiered | |
| Fine print: The stated APY applies to balances up to $5,000. Balances above $5,000 earn a lower rate. Two withdrawals are allowed each calendar year with no penalty. | ||||||||
| Rewards Savings | 1.00% | $25 | $0 | $25,000 | $5 per quarter if the minimum daily balance falls below $100; not assessed for primary account holders under the age of 24 | Linked account at the bank | Tiered | |
| Fine print: Requires a linked Rewards Star or Rewards Star Cash Back checking account. The stated rate is paid in a month when that checking account has at least one ACH credit or ACH payment and at least 12 debit card purchases; in other months the account earns a base rate. The stated rate applies to balances up to $25,000, and balances above $25,000 earn a lower rate. A $5 quarterly fee applies when the daily balance falls below $100, except for primary holders under age 24. | ||||||||
| Savings Account | 0.40% | $25 | $0 | None | $5 per quarter if the minimum daily balance falls below $100; not assessed for primary account holders under the age of 24 | not stated | One rate | |
| Fine print: A $5 quarterly fee applies when the daily balance falls below $100, except for primary holders under age 24. Each withdrawal above 6 in a quarter costs $5. | ||||||||
| Money Market Account | Up to 3.75% | $2,500 | $2,500 | None | not stated | not stated | Tiered | |
| Fine print: The account may earn no interest for a statement cycle in which the $2,500 minimum daily balance is not maintained. | ||||||||
Rate type: one rate applies at every balance. A tiered rate changes with your balance. A promotional rate changes after the period shown. A balance cap is the largest balance the highest rate applies to.
The 12-month trend shows the highest advertised rate observed each day and includes promotional tiers where one applied.
Opening and using the account
| Availability | Available in TN |
|---|---|
| Footprint | 17 branches in TN |
| Eligibility | not stated |
How Centennial Bank behaves over time
Every observation of the advertised Rewards Savings rate in the last 12 months was 1.00% (observed through Nov 12, 2026). The series includes promotional tiers where one applied.
Recent rate changes, as observed
- Obs. Nov 2, 2026Christmas ClubRaise:2.26%to2.27%
- Obs. Nov 2, 2026Vacation ClubRaise:2.26%to2.27%
- Rewards Savings
- The same as 30 days ago.
$10,000 at the 1.00% APY Centennial Bank advertises on Rewards Savings grows to $10,100 in a year. Prices rose 3.7% in the year to September 2026 (Consumer Price Index (CPI)). After a year of prices rising at that pace, it buys as much as $9,736 does today. See how the federal funds rate shapes savings rates.
Who is Centennial Bank?
| Headquarters | Trezevant, TN |
|---|---|
| Founded | 1916 |
| Scale | $1.1B assets · $940M deposits, $776M of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 8439 |
| Charter state | Tennessee · one of 109 insured banks chartered there (Q2 2026, FDIC) |
| Size | 934th-largest by deposits of 4,238 insured banks (Q2 2026, FDIC) |
Financial detail is in What Centennial Bank pays on deposits above.
Common questions about Centennial Bank
Is Centennial Bank FDIC insured?
Yes. Centennial Bank is FDIC insured under certificate 8439, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at Centennial Bank?
Centennial Bank requires a minimum deposit of $25 to open its Rewards Savings account, as observed on Nov 12, 2026. Check the bank's current terms before you open an account.
Does the 1.00% apply to my whole balance?
The 1.00% applies to balances of $25,000 or less. A larger balance earns 0.40% on the whole amount. The rate needs a linked account at the bank. Rates are as observed on Nov 12, 2026.
Does Centennial Bank have branches?
Yes. Centennial Bank operates 17 branches according to FDIC branch records, in addition to its website and mobile apps.
Centennial Bank against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| Centennial Bank | 1.00% | 2.89% | $25 | 17 branches in TN |
| American Bank & Trust Company, Inc. | 1.00% | 2.87% | $100 | 6 branches in KY |
| American State Bank | 1.00% | 2.47% | $100 | 5 branches in TX |
| Anahuac National Bank | 1.00% | 0.88% | $50 | 5 branches in TX |
Each savings APY is the top rate of the account the bank's own page leads with. Alternatives are the three tracked banks whose savings APY is closest to Centennial Bank's.
Similar banks and related pages
Banks in the same rate band with the same product mix:
Other banks chartered in Tennessee, nearest to Centennial Bank in deposits:
Rate hubs: today's highest savings rates, and money market rates.
State pages: savings rates in Tennessee, money market rates in Tennessee, and banks in Tennessee.