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 49th largest bank in the nation. It was established in 1864 and as of December of 2018, it had grown to 5,256 employees at 303 locations. First Tennessee's money market rates are 2X the national average, and it boasts an A+ health rating.

Related Posts

1.61 APY MONEY MARKET AND 2.02% APY ON 14 MONTH CD - 4/26/2018

Capital Bank, a division of First Tennessee Bank National Association and part of the First Horizon family of companies, serves families and businesses in Florida, North Carolina, South Carolina and Virginia. https://www.capitalbank-us.com/add-money-market-accounts-and-cds/money-market-savings/ EARN 1.61% APY Fixed rate for one year on a Personal Money Market or Business Money Market Account. Minimum opening deposit of $50,000 must be moved from another financial institution. See other terms and conditions below.* EARN 2.02% APY Fixed rate for 14 months on a Certificate of Deposit (CD). Minimum opening deposit of $500 must be moved from another financial institution. * This 1-year introductory Annual Percentage Yield (APY) is accurate as of April 2, 2018; offer is subject to change at any time without notice. The introductory APY is available for new or existing customers who open a new Personal Money Market Account or Business Money Market Account with at least $50,000. Opening

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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.

First Tennessee Banking Nightmare From Hell

Posted by: cleg | Dec 24, 2017

Stay as far away from these people as possible !!!
I gave one star because it won't let me select zero.

Spent 3 months dealing with First Tennessee trying to get my late mother’s account unfrozen.
They had screwed up the status of the account that my mother had planned to pay her medical and funeral expenses.

They freely admitted that it was their mistake but no one at any level would correct it.
We finally had to go through probate at our own expense to get access to the funds.

The account had been “Payable on death” until 2 years ago my mother set it up as joint with survivorship, in the bank with me there in person to sign the documents.

After her death we discovered they had taken off the POD status and listed me as a check signer, not a joint account so access ended with her death.
They had lost the paperwork of the transaction changing the status of the account and the record of my signature card.

A comedy of errors.

Finally with the legal documents mailed & reviewed they agreed to release the funds through a local branch.

The branch manager closed the accounts then told me their check printer was broken so she would not be able to give me a check today.

Me: “Can you do a direct transfer to my bank?
Her: “No because I just closed the accounts.”

Drove ½ hour to another branch and picked up a check.




Health Grade Components

FDIC Certificate #4977
Year Established1864
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.48%
Return on Equity - YTD12.1%
Annual Interest Income$1.56B
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$40.64B$41.20B
LoansQ4 2018vs Q4 2017$28.03B$28.17B
DepositsQ4 2018vs Q4 2017$33.03B$30.89B
Equity CapitalQ4 2018vs Q4 2017$5.04B$4.91B
Loan Loss AllowanceQ4 2018vs Q4 2017$179.5MM$188.6MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$180.3MM$179.5MM
Real Estate OwnedQ4 2018vs Q4 2017$25.3MM$43.4MM
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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

0.01%--Traditional Savings

First Tennessee Money Market Rates

1.06%*$250k*-Money Market Savings w/ Premier Plus
OTHER TIERS: 0.06% Up to $25k | 0.07% $25k - $50k | 0.50% $50k - $100k | 0.80% $100k - $250k
1.00%*$250k*-Money Market Savings
OTHER TIERS: 0.01% Up to $25k | 0.02% $25k - $50k | 0.45% $50k - $100k | 0.75% $100k - $250k

First Tennessee CD Rates

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


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