Frequenty Asked Questions.

Can I write checks on my money market account?

Yes, you can perform up to six transactions, including checks, on a money market account per statement cycle. Contact us if you would like us to order checks for you.

Could I access the funds in my money market with a debit card or ATM Card?

No, we do not offer debit or ATM cards for money market accounts.

Will I get a statement for my money market account?

Yes, a monthly statement will be sent within 30 days of your account being opened. You can also set up eStatements through online banking. Contact us for more details!

Will I get a statement for my Certificate of Deposit?

No, we do not provide statements for Certificates of Deposit (CD). You will receive a renewal notice to remind you of when your CD matures.

How do I set up online banking for my account(s)?

Please contact us by phone at 615-515-2265 or by email at info@insbanktn.com to speak with one of our Private Client Advocates who can help you get your online account set up.

How is the interest compounded on a Certificate of Deposit?

Annually

How is the interest paid on a Certificate of Deposit?

We have several methods for you to choose from on how the interest is paid on a CD: 1. monthly via check 2. Monthly via electronic transfer into another bank account or 3. Every 12 months it will add back into the CD.

How is the interest paid on a money market?

Interest is compounded and credited monthly on money market accounts.

Is there a grace period after my Certificate of Deposit matures?

Yes, the grace period is 10 calendar days.

Do I still earn interest during the 10-day grace period on a Certificate of Deposit?

Yes, if you set up your CD to auto renew, you will accrue interest during the 10-day grace period.

Is there a minimum balance requirement on a money market?

Yes, the minimum balance requirement is $2500 to waive the monthly maintenance fee.