First Tennessee


Overview / Commentary
901-523-4883
165 Madison Avenue
Memphis, TN 38101

First Tennessee is headquartered in Memphis and is the largest bank in the state of Tennessee. It is also the 50th largest bank in the nation. It was established in 1864 and as of June of 2019, it had grown to 5,057 employees at 301 locations. First Tennessee's money market rates are 36% higher than the national average, and it has an A health rating.

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The Best Bank In Tennessee

First Tennessee is awesome. They are banking Angels, it seems like they are always looking out for me and my banking short comings

Great bank with friendly customer service

I was drawn to First Tennessee due to a limited time promotion they offered on their money market and checking accounts. I struggled to create and fund an account initially, so I spent a fair amount of time on the phone with their customer service department. Over a couple days, I talked with several different representatives - all were very kind, courteous and helpful. In the end, I did get my accounts successfully opened and everything has been running smoothly.

I'm very pleased with both my money market and checking accounts. First Tennessee was prompt in payment of the initial sign up bonus, and has delivered on the other terms of the signup promotion. They have done some significant improvements to their website and mobile app over the last few months, which are now pretty good - but still need a little bit of work to be more aligned to most of the other more technologically advanced online banks.

A very good local bank

I opened one of my very first bank accounts at First Tennessee, and continued to bank with them for about five years. They were a great bank to work with, I didn't have to pay any monthly fees, because I was a student. They had convenient locations all over the area where I lived and always had the friendliest staff. One time I accidentally over drew my account, and was hit with a thirty dollar fee, and I went in to ask about it, and they removed it, right away, and told me I just needed to be careful. I really enjoyed my experience banking with them, and only ended up moving bank accounts because I was going to spend a year traveling and needed to have an account with a bank that had more locations across the U.S. that I could easily access. It was when I switched to one of the national brand banks that I really came to a full appreciation of just how good First Tennessee was.

Wish There Were Negative Starts

Posted by: LandJ | May 20, 2019

First Tennessee bought the bank we had been with for years (and were very happy) . The change has been AWFUL. Terrible mobile online banking. Bank mistakes (wrong check numbers). No photos of checks on monthly statements. The final straw - opened a debit card to use with a vendor who gives special deals with debit cards. The debits I made showed pending for days. I called and after the manager called headquarters, he embarrassingly informed me they wouldn't honor the debits because they "don't do business" with that vendor. This is not an illegal, pornographic or any other such site - it is Coinbase.

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Health

Health Grade Components

Overall
FDIC Certificate #4977
Year Established1864
Employees5057
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.2%
Return on Equity - YTD9.71%
Annual Interest Income$817.1MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$41.99B$40.87B
LoansQ2 2019vs Q2 2018$29.97B$28.21B
DepositsQ2 2019vs Q2 2018$32.69B$31.22B
Equity CapitalQ2 2019vs Q2 2018$5.17B$4.93B
Loan Loss AllowanceQ2 2019vs Q2 2018$191.8MM$184.5MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$228.0MM$160.8MM
Real Estate OwnedQ2 2019vs Q2 2018$19.3MM$29.7MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not First Tennessee; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First Tennessee Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%--Traditional Savings

First Tennessee Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%*$250k*-Money Market Savings w/ Premier Plus
OTHER TIERS: 0.06% Up to $25k | 0.07% $25k - $50k | 0.45% $50k - $100k | 0.55% $100k - $250k
0.60%*$250k*-Money Market Savings
OTHER TIERS: 0.01% Up to $25k | 0.02% $25k - $50k | 0.40% $50k - $100k | 0.50% $100k - $250k

First Tennessee CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%$1k-60 Month CD with Checking Account
0.55%$1k-60 Month CD
0.55%$1k-48 Month CD with Checking Account
0.45%$1k-36 Month CD with Checking Account
0.40%$1k-48 Month CD
0.30%$1k-36 Month CD
0.30%$1k-24 Month CD with Checking Account
0.25%$1k-12 Month CD with Checking Account
0.15%$1k-24 Month CD
0.10%$1k-12 Month CD
0.06%$1k-180 Day CD
0.06%$1k-270 Day CD
0.06%*$25k*-180 Day Add On CD
OTHER TIERS: 0.02% Up to $25k
0.06%--12 Month Rate Climber CD
0.02%$1k-30 Day CD
0.02%$1k-60 Day CD
0.02%$1k-90 Day CD
Locations

Availability



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.