Featured Savings Rates
Featured Accounts

First Tennessee

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.00%Money MarketMoney Market Savings
0.55%5-year CD60 Month CD
0.06%1-year CD12 Month Rate Climber CD

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 March of 2018, it had grown to 5,527 employees at 352 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.

NEVER - NEVER - NEVER AGAIN!!!!!

VIEW MORE REVIEWS

Health
A+

Health Grade Components

Overall
FDIC Certificate #4977
Year Established1864
Employees5527
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.08%
Return on Equity - YTD8.91%
Annual Interest Income$366.0MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$40.25B$29.42B
LoansQ1 2018vs Q1 2017$27.83B$18.99B
DepositsQ1 2018vs Q1 2017$31.05B$23.73B
Equity CapitalQ1 2018vs Q1 2017$4.96B$2.91B
Loan Loss AllowanceQ1 2018vs Q1 2017$186.3MM$201.0MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$182.7MM$170.4MM
Real Estate OwnedQ1 2018vs Q1 2017$35.7MM$15.1MM
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

1.61 APY MONEY MARKET AND 2.02% APY ON 14 MONTH CD

leemd   |  
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 deposit must be funds from a financial institution other than First Tennessee Bank National Association (“Bank”), which operates as First Tennessee Bank and Capital Bank, or its affiliates. APY only available at branches operating as Capital Bank in South Florida. APYs in other markets may vary. Accounts opened online are not eligible. You must have a new or existing personal checking account with Capital Bank to take advantage of this offer. We reserve the right to revoke the introductory APY if subsequent transfers from any account at Bank or its affiliates are made into this new account. In that case, your account will earn the standard APY. Your account will also earn the standard APY after the introductory period. As of 04/09/2018, the standard, variable APYs for the Personal Money Market Account in Capital Bank’s South Florida market were: 0.05% for balances of $0-$9,999; 0.10% for balances of $10,000-$49,999; 0.15% for balances of $50,000-$99,999; 0.20% for balances of $100,000-$249,999; 0.25% for balances of $250,000-$499,999; and 0.30% for balances of $500,000 and greater. For the Business Money Market Account, the standard, variable APYs were: 0.05% for balances of $0-$9,999; 0.10% for balances of $10,000-$49,999; 0.15% for balances of $50,000-$99,999; 0.15% for balances of $100,000-$249,999; 0.20% for balances of $250,000-$499,999; 0.25% for balances of $500,000-$1,000,000; and 0.25% for balances of $1,000,000 and greater. Service charges may reduce earnings. Not available to institutional investors. Cannot be combined with other offers. For either Money Market Account, federal regulations limit preauthorized transfers to third parties or to another account of yours to 6 per month (including debit transactions, ACH transfers, telephonic transfers or similar order). In-person withdrawals and transfers including at an ATM, and internal transfers to make loan payments are not limited. An additional $5 fee will be assessed for each withdrawal in excess of six per month. A $10 monthly account service charge is waived if you maintain a $2,500 average daily balance during the statement cycle.

** Annual Percentage Yield (APY) is accurate as of April 2, 2018; offer is subject to change at any time. $500 minimum opening deposit. Opening deposit must be funds from a financial institution other than First Tennessee Bank National Association (“Bank”), which operates as First Tennessee Bank and Capital Bank, or its affiliates. Transfers from any type of account at Bank or its affiliates do not qualify. You must have a new or existing Capital Bank consumer checking account to take advantage of this CD rate. You must present this offer at a Capital Bank branch. CDs opened online are not eligible. Not available as an IRA; available to individuals and businesses (not available for public funds). The APY assumes principal and interest remain on deposit for the term of the certificate. A withdrawal of interest will reduce earnings. Early withdrawals are subject to penalty.

Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%--Traditional Savings

First Tennessee Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.06%*$100k*-Money Market Savings w/ Premier Plus
OTHER TIERS: 0.06% Up to $10k | 0.07% $10k - $25k | 0.50% $25k - $50k | 0.80% $50k - $100k
1.00%*$100k*-Money Market Savings
OTHER TIERS: 0.01% Up to $10k | 0.02% $10k - $25k | 0.45% $25k - $50k | 0.75% $50k - $100k

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
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