Tennessee Code Annotated
Tenn. Code Ann. § 45-2-701 (2026)
Interest on accounts
✓ current as of May 2026
Banks shall be invested with the right and power to receive money on deposit, allowing therefor to the depositor, if the corporation chooses so to contract, interest at a rate not in excess of the maximum rate of interest authorized by the laws of the United States or by regulations issued under authority of these laws to be paid on deposits by member banks of the federal reserve system or by nonmember banks whose deposits are insured by the federal deposit insurance corporation, whichever is lower.
Acts 1969, ch. 36, § 1 (3.201); T.C.A., § 45-404.
Notes of Decisions
Cited in 1
case, 2011–2011 · leading case: Clara Jean West, by & through Janet L. Harvey, Conservator & Est. of Robert Stokes West, by & through Janet L. Harvey, Adm'r v. Regions Bank (Tenn. Ct. App. 2011).
Clara Jean West, by & through Janet L. Harvey, Conservator & Est. of Robert Stokes West, by & through Janet L. Harvey, Adm'r v. Regions Bank (Tenn. Ct. App. 2011). “See T.C.A. § 45-2-701, et seq. The statute provides: (a) A bank .”
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