top of page
Finally, a checking account that lets your money work smarter.
We reward you for banking with us, not the other way around.
Located in Brighton, TN
Online Banking
Mobile eCheck Deposit
FDIC Member
Everything you expect from a checking account and then some.
With a competitive rate, no monthly maintenance fee option when selecting e-statements, and tools to amplify your checking, the Brighton Bank Interest Checking Accounts are designed for growth. Join the many who trust Brighton Bank for a brighter financial future.
Start Earning
With Brighton Bank Today
1.00
APY
Interest Checking Account
Earn 14X the national interest checking average for your money.
Compare our Interest Checking APY with other banks.
Annual Percentage Yield
Brighton Bank
1.00%
Capital One 360
0.10%
Wells Fargo
0.05%
Bank of America
0.01%
Chase
0.01%
Citi
0.01%
Interest Checking Account FAQ's
-
Will the old website URL still work?Yes, the old website URL will still work. However, it will automatically redirect you to our new digital address at bankbrighton.com.
-
Will my login credentials remain the same?Absolutely, your login credentials remain unchanged. You can access your account with your current username and password.
-
How do I access my account details on the new site?Accessing your account from anywhere on our new Brighton Bank website is now easier than ever. No matter where you are on the site, the option to log in to your account is always within reach. Here's how: Top Menu Bar As you navigate through our website, you'll notice a constant feature on the top-right corner of your screen: a 'Log In' Call-to-Action button. This button stays visible and accessible regardless of the page you are viewing. Clicking on it will take you directly to the login page, where you can enter your credentials to access your account. See the screenshot below. Home Page Login Alternatively, from the home page of our website, you can find a dedicated 'Login Field.' This field provides you with two button options: 'Log In' for personal accounts and 'Business Account Log In'. Depending on the type of account you hold with us, select the appropriate button, enter your login details, and you're in! We've implemented these options to ensure that accessing your account is always straightforward and hassle-free, no matter where you are on our website. We're committed to making your online banking experience with Brighton Bank smooth and convenient every step of the way.
-
Can I still find and download my bank statements as I used to?Yes, you can still find and download your bank statements. Simply log into your account and go to the 'Statements' section.
-
Can I still use the bank's mobile app?Yes, you can continue using our mobile app as usual. Any changes to our website will not affect the mobile app."
-
Why did the bank change its website?Our commitment to providing the best online banking experience prompted us to upgrade our website. The new design is more user-friendly, efficient, and has added security features for enhanced safety.
-
Is the new website safe and secure?Absolutely. We understand the importance of keeping your personal and financial data secure, which is why we have implemented enhanced security protocols on our updated website. These measures are designed to protect your information from any potential threats or unauthorized access, giving you peace of mind when using our services. We take your privacy seriously and are committed to ensuring the highest level of security for all our users.
-
Are there any differences in how I make payments or transfers on the new website?No. The process of making payments and transfers remains the same.
-
Will my banking activities be disrupted during this transition?No, all your banking activities and transactions will continue as usual during this transition. We've made sure the changeover is seamless for our customers.
-
Will I still be able to access the same features and services on the new website?Yes, all the services and features you are familiar with are available on the new website. In fact, we've added some new features to make your banking experience even better, such as: Improved Navigation: Clearer menus and site map, intuitive layout, and easy-to-find links, making the website more user-friendly. Accessible Menu: Our new website now features a comprehensive accessibility menu, a significant step towards ensuring an inclusive and enjoyable browsing experience for all our clients. We understand the importance of creating a website that's easily navigable and readable for everyone, regardless of any visual, hearing, motor, or cognitive impairments. The accessibility menu is designed with this in mind and includes options such as text size adjustment, high contrast mode, and keyboard navigation. Faster Load Times: Optimized site performance to ensure pages load faster, providing a more efficient browsing experience. Updated Content: Refreshed and updated content, including more detailed information about our products and services and helpful resources such as blog posts and articles on financial education. Responsive Design: The new website design is fully responsive, providing an optimal viewing experience across a wide range of devices (from desktop computer monitors to mobile phone screens). FAQ Section: A comprehensive FAQ section to provide instant answers to common customer queries and concerns.
-
How can I get help if I encounter issues on the new website?We're here to help. If you encounter any issues, you can reach out to our customer service through the 'Contact Us' link on our website or call our helpline number (901) 476-5353.
-
Are there any new features or services that I should know about?Yes, we have introduced some new features to enhance your online banking experience, including: Improved Navigation: Clearer menus and site map, intuitive layout, and easy-to-find links, making the website more user-friendly. Accessible Menu: Our new website now features a comprehensive accessibility menu, a significant step towards ensuring an inclusive and enjoyable browsing experience for all our clients. We understand the importance of creating a website that's easily navigable and readable for everyone, regardless of any visual, hearing, motor, or cognitive impairments. The accessibility menu is designed with this in mind and includes options such as text size adjustment, high contrast mode, and keyboard navigation. Faster Load Times: Optimized site performance to ensure pages load faster, providing a more efficient browsing experience. Updated Content: Refreshed and updated content, including more detailed information about our products and services, and helpful resources such as blog posts and articles on financial education. Responsive Design: The new website design is fully responsive, providing an optimal viewing experience across a wide range of devices (from desktop computer monitors to mobile phone screens). FAQ Section: A comprehensive FAQ section to provide instant answers to common customer queries and concerns.
-
Has the bank's URL or digital address changed?Yes, our digital address has been updated to bankbrighton.com, but if you visit our old website link, you'll be automatically redirected to the new one.
-
How can I access online customer support on the new website?Getting in touch with us at Brighton Bank is straightforward and easily accessible from any page on our website. There are two main ways you can find our 'Contact Us' page: Phone Icon on Top Menu Bar No matter where you are on our website, look towards the top menu bar. You'll notice a phone icon that serves as a quick link to our 'Contact Us' page. Just a single click on this icon will take you directly to our contact page. This page is a treasure trove of useful contact information for all our departments, providing phone numbers and email addresses to ensure you can connect with the appropriate team in a flash. 'About Us' Dropdown Menu An alternative route is also available via our top menu bar. Select 'About Us' from the various options. A drop-down menu will appear; within this menu, you'll find the 'Contact Us' option. Clicking on 'Contact Us' will redirect you to the same comprehensive contact page. Footer Link Alternatively, at the bottom of every page on our website, you'll find a footer with various links. One of these links is labeled 'Contact Us'. Click on this link to directly navigate to the same contact page. We've placed these options strategically to ensure you're never more than a few clicks away from getting the help or information you need. We're here to assist you, and we've made connecting with the right department at Brighton Bank as straightforward as possible.
-
Are there notary services and medallion signature guarantees available?Yes, Brighton Bank provides notary services to its clients.
-
Is there check-writing access on the account?Yes
-
Is there a minimum deposit amount to open a Brighton Bank Interest Checking Account?The minimum deposit amount required to open a new Interest Checking Account and to qualify for the 1.00% APY for Consumer Interest Checking is $1,000.00.
-
Is there a limit on the number of transactions I can make per month?As a client of Brighton Bank, you have no limits on the number of monthly transactions for your interest checking account.
-
How much are monthly service fees for Brighton Banks Interest Checking Accounts?If you have an interest checking account at Brighton Bank, you will only have to pay a monthly service fee if you choose to receive print mail statements. These fees can vary from $10 to $30. However, you can avoid these fees completely by selecting our $0 monthly service e-Statement option.
-
Can I set up direct deposit and automatic payments/transfers?Yes
-
How much money can I have in a Brighton Bank checking account?Typically, there won't be a limit to how much money you can keep in a Brighton Bank checking account. However, the FDIC sets limits for the amount of funds in deposit accounts that are FDIC insured.
-
Does a checking account come with a debit card?After your application for a checking account with Brighton Bank is approved, you will receive your debit card. The Brighton Bank debit card is equipped with a chip for added security and is contactless for ease of use. Simply tap your card to make fast and convenient purchases. You can use your debit card at millions of merchants globally.
-
Is there online banking, mobile banking, and mobile check deposit available?Brighton Bank offers online banking, mobile banking, and mobile check deposits.
-
How do I receive my bank card?Once your account is approved, Brighton Bank will mail you a bank card.
-
Why should I open a checking account?Having a checking account is a convenient option to access your money. With this account, you can deposit your paycheck automatically and make online bill payments. Additionally, it can aid in keeping track of your spending by monitoring account balances online or via the Brighton Bank Mobile app.
-
What is the minimum deposit needed to open the account?To open a new Interest Checking Account, a minimum deposit of $1,000 is required.
-
How do I open a new checking account?To apply, visit our Brighton, Tennessee branch in person. Our team will assist you in selecting the perfect account package, gather necessary personal information like your address and social security number, verify your identity and guide you in choosing a funding option. We look forward to helping you!
-
What is a checking account?A checking account is a type of bank account that allows you to deposit and withdraw money conveniently. It also enables you to make online payments, transfer funds to other accounts, and deposit checks using the Brighton Bank Mobile app. Additionally, with a checking account from Brighton Bank, you can write checks for the funds available in your account.
-
What is the interest rate on the account?The annual percentage yield (APY) for an interest checking account is currently 1.00%. However, please note that the rate is adjustable and subject to change at any time.
-
Are there limits on withdrawals and transfers?There are no limits on withdrawals and transfers through a Brighton Bank checking account.
-
Are there any ATM fees if I use an out-of-network ATM?Brighton Bank does not charge out-of-network ATM fees to our clients. However, it's important to remember that out-of-network ATMs may have separate transaction fees that they may charge.
-
Is there a minimum balance I need to maintain to avoid fees?There is no minimum balance required in order to avoid fees or maintain an account.
-
Can I link multiple accounts together?Yes, multiple bank accounts can be linked together as long as they are under the same Tax ID number.
-
Is the account FDIC insured? What are the coverage limits?Brighton Bank is a member of the FDIC, and the coverage limit is $250,000.
-
What debit card comes with the account?Brighton Bank offers debit cards through Mastercard.
-
Can I access my checking account information online or via a Mobile App?By opening a checking account with Brighton Bank, you can easily access your account information through your computer or mobile browser and through the Brighton Bank Mobile app. With Brighton Bank Online or the Mobile App, you'll have access to the following benefits: Access your account balances quickly wherever you are. Make bill payments. Set up real-time notifications for your account balance and activity. And more …
-
What are the monthly service fees or maintenance fees for the account?Brighton Bank offers zero-cost maintenance fees for clients who choose online banking through eStatements. For clients who choose to receive paper statements in the mail, the minimum monthly maintenance fee is $15
-
What is a checking account?A checking account is a type of bank account that allows you to deposit and withdraw money conveniently. It also enables you to make online payments, transfer funds to other accounts, and deposit checks using the Brighton Bank Mobile app. Additionally, with a checking account from Brighton Bank, you can write checks for the funds available in your account.
-
How much are monthly service fees for Brighton Banks Interest Checking Accounts?If you have an interest checking account at Brighton Bank, you will only have to pay a monthly service fee if you choose to receive print mail statements. These fees can vary from $10 to $30. However, you can avoid these fees completely by selecting our $0 monthly service e-Statement option.
-
Is there a minimum deposit amount to open a Brighton Bank Interest Checking Account?The minimum deposit amount required to open a new Interest Checking Account and to qualify for the 1.00% APY for Consumer Interest Checking is $1,000.00.
-
How do I open a new checking account?To apply, visit our Brighton, Tennessee branch in person. Our team will assist you in selecting the perfect account package, gather necessary personal information like your address and social security number, verify your identity and guide you in choosing a funding option. We look forward to helping you!
-
Can I access my checking account information online or via a Mobile App?By opening a checking account with Brighton Bank, you can easily access your account information through your computer or mobile browser and through the Brighton Bank Mobile app. With Brighton Bank Online or the Mobile App, you'll have access to the following benefits: Access your account balances quickly wherever you are. Make bill payments. Set up real-time notifications for your account balance and activity. And more …
-
Why should I open a checking account?Having a checking account is a convenient option to access your money. With this account, you can deposit your paycheck automatically and make online bill payments. Additionally, it can aid in keeping track of your spending by monitoring account balances online or via the Brighton Bank Mobile app.
-
How much money can I have in a Brighton Bank checking account?Typically, there won't be a limit to how much money you can keep in a Brighton Bank checking account. However, the FDIC sets limits for the amount of funds in deposit accounts that are FDIC insured.
-
Does a checking account come with a debit card?After your application for a checking account with Brighton Bank is approved, you will receive your debit card. The Brighton Bank debit card is equipped with a chip for added security and is contactless for ease of use. Simply tap your card to make fast and convenient purchases. You can use your debit card at millions of merchants globally.
-
How much money can I have in a Brighton Bank Savings account?Typically, there won't be a limit to how much money you can keep in a Brighton Bank Savings account. However, the FDIC sets limits for the amount of funds in deposit accounts that are FDIC insured.
-
How do I track my balance, interest earned, and account activity?You can easily track all savings account details by logging into online banking or using our mobile banking app. Here you can monitor your balance, view all transactions, see interest earned to date, set up alerts, and more.
-
Is there a minimum balance I need to maintain to earn interest?You need to maintain a minimum daily balance of $100 in your savings account to earn the published Annual Percentage Yield (APY). If your balance falls below $100 at any point in the month, you will not earn interest for that month.
-
How often does the interest compound - daily, monthly, or quarterly?The interest earned on Brighton Bank savings accounts compounds daily. This allows your money to grow faster since interest is being calculated on both your initial principal and the interest accrued each day.
-
How do I access my money - ATM, checks, online transfers?You can access money in your Brighton Bank savings account through any of our ATMs, online banking transfers to your linked checking account, or in-person withdrawals at a branch. We do not offer check-writing capabilities on our savings accounts.
-
Is there a monthly maintenance or service fee? How can I avoid it?Brighton Bank offers zero-cost maintenance fees for clients who choose online banking through eStatements. For clients who choose to receive paper statements in the mail, the minimum monthly maintenance fee is $15.
-
Is there a minimum balance I need to maintain to avoid fees?There is no minimum balance required in order to avoid fees or maintain an account.
-
Can I link the savings account to my current checking account?Yes, you can link your new Brighton Bank savings account to your existing checking account. This makes transfers between the two quick and convenient. Just stop by any branch or call customer service to link the accounts.
-
Are debit cards available for the savings account?For added security and to maintain its savings nature, Brighton Bank does not offer debit cards on savings accounts. You can access funds through online transfer to your checking account, ATM withdrawal, or in-person at a branch.
-
Is there a phone number I can call for support with my account?Yes, Brighton Bank has customer service available to assist with any questions about your savings account. You can call (901) 476-5353 for help from one of our U.S.-based service representatives.
-
Are there notary services and medallion signature guarantees available?Yes, Brighton Bank provides notary services to its clients.
-
Is my money FDIC insured by the bank?Yes, all savings accounts at Brighton Bank are FDIC insured up to $250,000 per depositor. This means your money is protected in the event Brighton Bank fails.
-
Is the interest earned on my savings account taxable?The interest you earn on your Brighton Bank savings account is considered taxable income. You will receive a 1099-INT form each year detailing your savings account interest, which you will need to report on your tax return.
-
What is the minimum opening deposit amount?To open an interest savings account at Brighton Bank, you'll need to make a minimum opening deposit of $100. This deposit can be made by cash, check, or transfer from another bank account.
-
Can I set up direct deposit or automate transfers into the account?Absolutely! You can directly deposit your paycheck, Social Security benefits, or other regular income into your Brighton Bank savings account. You can also set up recurring automatic transfers from your checking account into savings on any schedule you choose. Just contact us to get these convenient options established.
-
Are there restrictions on who can be a joint account holder?Brighton Bank allows any two adults to open a joint savings account. Both account holders will have equal access to the account. Simply complete our joint account application at a branch or online to add a joint holder.
-
How do I open a new Savings account?To apply, visit our Brighton, Tennessee branch in person. Our team will assist you in selecting the perfect account package, gather necessary personal information like your address and social security number, verify your identity and guide you in choosing a funding option. We look forward to helping you!
-
What are the different ways I can deposit money into the account?You have many options to deposit funds into your Brighton Bank savings account. You can make a deposit at any of our ATMs, at a branch, through mobile check deposit, by transfer from another Brighton Bank account, direct deposit, or automatic recurring transfer.
-
What is the interest rate and how does it compare to other banks?The annual percentage yield (APY) for an interest savings account is currently 2.00%. However, please note that the rate is adjustable and subject to change at any time
-
Are statements mailed monthly or accessed online only?Brighton Bank offers online eStatements as well as the option to receive paper statements in the mail. You can enroll in eStatements through online banking and access your statements anytime.
-
Can I set up direct deposit or automate transfers into the account?Yes, you can use direct deposit and automatic recurring transfers to and from your Brighton Bank savings account. This allows you to easily contribute to your savings on a regular schedule. Just speak to one of our bank experts to set up these convenient options.
-
Can I manage the account online or only in person?Our savings accounts can be managed by using our online banking and mobile app. This includes monitoring your balance, statements, interest earned, and transaction history.
-
What is a savings account?A savings account is a type of bank deposit account that allows you to earn interest on the money you save over time. With a savings account, you can deposit funds any time and withdraw your money when needed.
-
Is there a minimum balance I need to maintain to avoid fees?There is no minimum balance required in order to avoid fees or maintain an account.
-
How do I open a new Savings account?To apply, visit our Brighton, Tennessee branch in person. Our team will assist you in selecting the perfect account package, gather necessary personal information like your address and social security number, verify your identity and guide you in choosing a funding option. We look forward to helping you!
-
Is there a monthly maintenance or service fee? How can I avoid it?Brighton Bank offers zero-cost maintenance fees for clients who choose online banking through eStatements. For clients who choose to receive paper statements in the mail, the minimum monthly maintenance fee is $15.
-
What is the minimum opening deposit amount?To open an interest savings account at Brighton Bank, you'll need to make a minimum opening deposit of $100. This deposit can be made by cash, check, or transfer from another bank account.
-
What is a savings account?A savings account is a type of bank deposit account that allows you to earn interest on the money you save over time. With a savings account, you can deposit funds any time and withdraw your money when needed.
-
Is my money FDIC insured by the bank?Yes, all savings accounts at Brighton Bank are FDIC insured up to $250,000 per depositor. This means your money is protected in the event Brighton Bank fails.
-
Why do FAQs matter?FAQs are a great way to help site visitors find quick answers to common questions about your business and create a better navigation experience.
-
What is an FAQ section?An FAQ section can be used to quickly answer common questions about your business like "Where do you ship to?", "What are your opening hours?", or "How can I book a service?".
-
Where can I add my FAQs?FAQs can be added to any page on your site or to your Wix mobile app, giving access to members on the go.
-
How do I add a new question & answer?To add a new FAQ follow these steps: 1. Manage FAQs from your site dashboard or in the Editor 2. Add a new question & answer 3. Assign your FAQ to a category 4. Save and publish. You can always come back and edit your FAQs.
-
How do I edit or remove the 'Frequently Asked Questions' title?You can edit the title from the FAQ 'Settings' tab in the Editor. To remove the title from your mobile app go to the 'Site & App' tab in your Owner's app and customize.
-
Can I insert an image, video, or GIF in my FAQ?Yes. To add media follow these steps: 1. Manage FAQs from your site dashboard or in the Editor 2. Create a new FAQ or edit an existing one 3. From the answer text box click on the video, image or GIF icon 4. Add media from your library and save.
-
Do you really need private mortgage insurance in Arkansas?In Arkansas, as in other states, Private Mortgage Insurance (PMI) is typically required by lenders when homebuyers make a down payment of less than 20% of the purchase price. This insurance protects lenders in case borrowers default. While some loans, like VA loans, don't necessitate PMI, others, such as FHA loans, have their distinct insurance prerequisites. PMI can be canceled once the loan-to-value (LTV) ratio reaches 78%, reducing the monthly mortgage cost. However, its initial inclusion can range from 0.3% to 1.5% of the original loan amount annually. Although PMI increases the cost, it allows many buyers to purchase homes without a full 20% down payment. Consulting with a local mortgage specialist can provide clarity on PMI specifics for your situation.
-
What is the average mortgage in Arkansas?The average mortgage amount in Arkansas stands at $129,383.
-
What factors influence the median home price in Arkansas?The median home price in Arkansas is influenced by several intertwined factors. Primary among these is the balance of supply and demand, where increased demand over available homes drives prices up. Economic health, marked by factors such as unemployment rates and wage growth, plays a role, as do mortgage interest rates; lower rates often boost buying power and home prices. The state's population growth, driven in part by its job market, naturally escalates housing demand. Local policies, including development restrictions and zoning laws, can impact housing supply, while the inherent desirability of an area, based on schools, amenities, and infrastructure developments, can elevate prices. External factors like real estate speculation, foreign investment, and environmental considerations, such as Arkansas water availability, also weigh in. These elements collectively shape the dynamics of the Arkansas housing market.
-
Do I have enough cash for a downpayment for a mortgage in Arkansas?To determine if you have sufficient cash for a down payment for a mortgage in Arkansas, first identify your desired home's price range. Traditional mortgages often need a 20% down payment, but some loans may require as little as 3.5%. Calculate the necessary down payment by multiplying the home's price by the down payment percentage. Compare this to your savings. Additionally, factor in closing costs, which can be 2% to 5% of the loan amount, and consider keeping an emergency fund separate from your home expenses. Consulting with a financial advisor or mortgage specialist can provide tailored guidance.
-
What is the average monthly mortgage payment in Arkansas?Homeowners in Arkansas, on average, make a mortgage payment of $984 each month, which is approximately $175 below the national average.
-
How much mortgages can I afford in Arkansas?To determine how much mortgage you can afford in Arkansas, start by calculating your Debt-to-Income Ratio (DTI), aiming for 43% or less. Your monthly income before taxes, along with monthly liabilities like loans and credit card payments, are crucial. When considering a mortgage, remember that monthly payments include the principal, interest, property taxes, homeowner's insurance, possibly Private Mortgage Insurance, and potentially Homeowner Association fees. The size of your down payment, current interest rates, and the loan term (e.g., 15 vs. 30 years) will also influence your affordability. It's wise to use online mortgage calculators for a quick estimate, but for a precise figure, seek pre-approval from a lender. Always factor in Arkansas-specific expenses, such as property taxes and insurance rates, and ensure the mortgage amount aligns comfortably with your budget.
-
How much should I put down for a downpayment?The traditional recommendation for a mortgage down payment is 20% of the home's purchase price, as this often allows borrowers to avoid private mortgage insurance (PMI) and secure better interest rates. However, the actual amount can vary based on the loan type and borrower's financial situation. Some loan programs, like FHA loans or VA loans, may allow for down payments as low as 3.5% or even 0%, respectively. It's essential to weigh the benefits of a larger down payment, like reduced borrowing costs and lower monthly payments, against other financial needs and opportunities.
-
How do I get pre-approved for a mortgage?To get pre-approved for a mortgage, approach a lender or mortgage broker with your financial information, including recent pay stubs, W-2s or tax returns, proof of assets, credit history, and current debts. The lender will assess this data to determine your loan eligibility and provide a pre-approval letter indicating the mortgage amount you qualify for. This pre-approval not only gives you an understanding of your budget but also strengthens your position in the eyes of sellers, signaling that you're a serious and qualified buyer.
-
Private mortgage insurance vs mortgage insurancePrivate Mortgage Insurance (PMI) and mortgage insurance both help protect the lender if you can't pay your mortgage. PMI is offered by private companies and is usually needed if your down payment is less than 20%. Mortgage insurance is a broader term that can also include insurance from government programs like FHA loans. The differences between the two are mainly about who offers the insurance and when you can stop paying for it. PMI usually stops when you have enough equity in your home, but some government-backed insurances last for the life of the loan.
-
What are the different types of mortgages available?Mortgages come in a variety of formats to cater to diverse needs. Fixed-Rate Mortgages offer consistent interest rates throughout the loan term, while Adjustable-Rate Mortgages have interest rates that can vary. Specialized options include FHA Loans for lower down payments, VA Loans for veterans, and USDA Loans for rural homebuyers. Jumbo Mortgages cater to high-priced homes beyond conforming loan limits, and Reverse Mortgages allow seniors to convert home equity into cash. Other types include Interest-Only, Balloon, Home Equity Loans, HELOCs, Piggyback Loans, and Construction Loans. The right mortgage depends on the borrower's financial situation, anticipated time in the home, and market conditions. Each has its benefits and drawbacks, and it's crucial to consult with financial professionals to make an informed choice.
-
How much can I afford to borrow?The amount you can afford to borrow for a mortgage depends on several factors: your monthly income, existing debts, credit score, down payment, current interest rates, and the lender's loan-to-value ratio criteria. As a general rule of thumb, most financial advisors recommend that your monthly mortgage payment (including property taxes, homeowners insurance, and possibly homeowners association fees) should not exceed 28% of your gross monthly income, and your total monthly debt obligations (including the mortgage) shouldn't surpass 36%. However, individual circumstances and lender criteria can adjust these guidelines, so it's essential to consult with a mortgage professional for a precise assessment.
-
What is a good credit score for getting a mortgage?According to Nerdwallet, a FICO credit score above 740 is considered excellent, offering the best mortgage rates and terms. Scores between 700-739 are viewed as very good, often securing competitive rates, while scores from 670-699 are deemed good but might not fetch the most favorable rates. Fair scores range from 580-669, with potential for higher interest rates and limited lending options, 620 is the safe number and scores below 580 are seen as poor, making mortgage approval challenging. However, factors like debt-to-income ratio, employment history, and down payment also influence mortgage decisions beyond just the credit score.
Contact Us
If you have a question that needs answering, you can give us a call or stop by our Brighton, TN, office.
Have more questions?
(901) 476-5353
Let's talk in person.
Send us an email.
THE EXPERIENCE YOU DESERVE
Bank Securely
With FDIC insurance and real-time alerts, you can rest assured knowing your money is safe.
Simplicity
Our team is passionate about making things easy for you, so you can focus on what's important to you.
Commitment
We work tirelessly to provide the best possible service and support, and we are always here to help our clients achieve their goals.
Disclaimer
Interest Chckig Disclaimer
Bank APY
Interest Checking Disclaimer
The following describes the terms that apply to participation in the Brighton Bank Plus Consumer Interest Checking offered by Brighton Bank, Member FDIC.
Rate Information: This Account is an interest-bearing account. The interest rate on the account is 1.00%, with an annual percentage yield of 1.00%.
The interest rate and annual percentage yield may change. Interest begins to accrue on the business day you deposit noncash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly. Closing the account before the designated interest crediting date will result in the forfeiture of any accrued interest. Please be advised that the Institution reserves the right to adjust the account's interest rate as deemed appropriate.
Annual Percentage Yields are current as of 9/1/2023.
Minimum Deposit: The minimum deposit amount required to open a new account and to qualify for the 1.00% APY for Consumer Interest Checking is $1,000.00.
Minimum Balance: The minimum balance amount required to qualify for the 1.00% APY for Consumer Interest Checking is $1,000.00.
Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield.
Limitations: You must deposit $1,000.00 to open this account.
Monthly Account Service Fees: At Brighton Bank, we offer a no-account fee option for clients who choose to receive their account statements electronically. Clients opting for Electronic Statements will not be subject to monthly account service fees. Clients not selecting the Electronic Statements option will be charged a monthly account service fee of $15 if the account's daily balance falls below $1000.00 any day of the month.
This fee covers the additional administrative costs associated with printing, mailing, and delivering paper statements to your designated address.
For members who choose a Non-Electronic Paper Statement option, account fees can influence the total amount of earnings on the account. When fees are applied to your account, they are deducted from your account balance, which can subsequently decrease the amount of money available to earn interest. As a result, the total earnings on your account may be reduced. Our account fee policy is subject to change at any time.
Please note that the Annual Percentage Yields (APYs) stated here are accurate as of 9/1/2023 but are subject to change at any time.
Additional terms, conditions, and third-party fees for internet, messaging, or data plans may apply.
*14x based on FDIC monthly interest checking rates as of August 21st, 2023.
*Brighton Bank is a member of the FDIC and does not provide more than $250,000 of FDIC insurance per legal category of account ownership, as described in the FDIC's regulations.
bottom of page