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Earn 7.50% APY on your dollars in Tennessee

Start earning in Tennessee See all pools
No state income tax Withdraw anytime Min. deposit $10

$10,000 saved for one year in Tennessee

US national average bank savings rate
+$45
0.45% APY · after 0% state tax
Coinstancy
Dollar Savings (USDC)
+$750
7.50% APY · after 0% state tax

Illustrative example over one year at the current fixed APY (reinvested interest is already included in the APY), assuming both rates stay unchanged. Rates can change. State-level tax shown; federal taxes apply in all states. Not tax advice.

Savings pools available in Tennessee

USDC
Dollar Savings
USDC
7.50%
APY · USDC

Earn a fixed APY on USDC through on-chain strategies selected and monitored by Coinstancy.
ETH
Ethereum Savings
ETH
3.80%
APY · ETH

Generate yield on your ETH exposure through audited liquid staking and lending strategies.
BTC
Bitcoin Savings
BTC
0.90%
APY · BTC

Put your BTC exposure to work with lending-based yield strategies, while keeping your Bitcoin exposure.
SOL
Solana Savings
SOL
4.70%
APY · SOL

Earn yield on SOL through Solana-native liquid staking and selected DeFi protocols.

Why Tennessee savers choose Coinstancy

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No state income tax

Tennessee has no state income tax on wages or investment income.

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Licensed on-ramp in Tennessee

USD deposits and withdrawals are processed by Coinme, licensed under the Tennessee Department of Financial Institutions. Coinme handles the on-ramp and off-ramp only; Savings and its yield are managed by Coinstancy.

TN

Built for the Volunteer State

Nashville is booming, and Tennessee’s zero income tax makes it one of the best states to earn yield on your dollars.

Serving all of Tennessee

NashvilleMemphisKnoxvilleChattanooga

Tennessee FAQ

Is Coinstancy available in Tennessee?
Yes. Tennessee residents can open a Coinstancy account today. Deposits in US dollars are handled by our on-ramp partner Coinme, which is licensed in 48 US states including Tennessee.
How much can I earn on my savings in Tennessee?
Our Dollar Savings pool currently pays 7.50% APY on USDC, versus a national average of about 0.45% for traditional savings accounts. The APY shown is the fixed rate currently in force. It may be revised as market conditions evolve; a new rate applies to existing balances as well as new deposits.
How is yield taxed in Tennessee?
Tennessee has no state income tax on wages or investment income. Yield is generally treated as ordinary income at the federal level. Because Tennessee has no state income tax, you only owe federal tax on what you earn.
Who regulates crypto and money transmission in Tennessee?
Money transmission in Tennessee is overseen by the Tennessee Department of Financial Institutions (TDFI). Our on-ramp partner Coinme holds the required state licenses for USD deposits and withdrawals; it does not manage Savings or its yield. Your USDC first enters a secure multisignature wallet operated by Coinstancy before being deployed into the selected on-chain strategies.
Can I withdraw to my Tennessee bank account?
Yes. You can withdraw USD to any US bank account, or cash out at thousands of Coinme locations across Tennessee, including in Nashville, Memphis, Knoxville. You can request a withdrawal at any time. Complete requests are normally settled within 48 calendar hours; final network confirmation may take longer.
What is the minimum deposit?
You can start with as little as $10. There are no lock-ups and no withdrawal penalties.

Coinstancy near Tennessee

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Start earning 7.50% in Tennessee today

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