Featured Savings Rates
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First Tennessee

Popular Accounts at this Bank

0.03%Money MarketMoney Market Savings
0.55%5-year CD60 Month CD
0.06%1-year CD12 Month Rate Climber CD

Overview / Commentary
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 62nd largest bank in the nation. It was established in 1864 and as of September of 2017, it had grown to 4,007 employees at 168 locations. First Tennessee has an A health rating.

Related Posts

First Tennessee Offers $150 Checking Bonus - 6/10/2017

First Tennessee is offering a $150 bonus when opening a new Premier Checking account. Available online and in-branch in AL, AR, GA, KY, MS, NC, TN, and VA.

First Tennessee Bank Promotes Money Market Introductory Rates - 2/13/2017

First Tennessee Bank is offering special rates on its Money Market Savings (1.50%, 6 months, $50k min; 1.00% APY, 4 months, $25k min; 0.75% APY, 3 months, $10k min).

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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

Bank With A Local Feel

I have been a customer at First Tennessee Bank for 12 years. I have always been very pleased with the services for my bank. The mobile banking is convenient and easy to use. I also enjoy the First Tennessee App. It is very easy to use and convenient. I particularly enjoy the ability to do mobile check deposits. This is easy to do and very convenient. The customer service at First Tennessee is excellent. The representatives are easy to talk to and are willing to help in any way possible. While First Tennessee is a rather large bank, it has a very local feel. When you visit the branch, you feel like you are just working with your neighbors. They will work to get the most for your money. My main concern with First Tennessee is the monthly fee. It isn't super high, $12 a month, but I don't feel that this type of fee is necessary. Other than this small issue, I feel First Tennessee Bank is an excellent financial institution. I would recommend them to other looking for a good bank.

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.



Health Grade Components

FDIC Certificate #4977
Year Established1864
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.13%
Return on Equity - YTD11.18%
Annual Interest Income$702.3MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$29.44B$28.25B
LoansQ3 2017vs Q3 2016$20.31B$19.51B
DepositsQ3 2017vs Q3 2016$22.45B$21.81B
Equity CapitalQ3 2017vs Q3 2016$2.97B$2.95B
Loan Loss AllowanceQ3 2017vs Q3 2016$193.9MM$200.6MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$160.2MM$179.4MM
Real Estate OwnedQ3 2017vs Q3 2016$12.5MM$18.9MM
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First Tennessee Savings Account Rates

0.01%--Traditional Savings

First Tennessee Money Market Rates

0.08%*$100k*-Money Market Savings w/ Premier Plus
OTHER TIERS: 0.06% Up to $25k | 0.07% $25k - $100k
0.03%*$100k*-Money Market Savings
OTHER TIERS: 0.01% Up to $25k | 0.02% $25k - $100k

First Tennessee CD Rates

0.55%--60 Month CD
0.40%--48 Month CD
0.30%--36 Month CD
0.15%--24 Month CD
0.10%--12 Month CD
0.06%--180 Day CD
0.06%--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%--30 Day CD
0.02%--60 Day CD
0.02%--90 Day CD