First Horizon 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 Horizon has an A health rating.
Related Posts
2/13 - First Tennessee Bank Promotes Money Market Introductory Rates
8/10 - $150 Bonus For Checking Account And Direct Deposit
1/24/15 - First Tennessee Bank Offers $151 Checking Account Bonus Promotion
1/19/15 - First Tennessee Bank Extends Checking Accounts Promo Bonuses
11/12/14 - First Tennessee Bank Offers $100 Bonus On Money Market Savings
8/20/14 - First Tennessee Bank Is Offering 3 Different Checking Account Promos
5/29/14 - First Tennessee Buying 13 Branches From Bank Of America
8/10/12 - $150 Checking Account Bonus - Today Only (8/10/2012)
11/3/11 - Up To $300 Bonus For Checking And Savings Account At First Tennessee Bank
10/12/11 - $200 Checking & Money Market Bonus at First Tennessee Bank - TN Only
5/2/11 - $180 Checking & Money Market Account Bonus at First Tennessee Bank - Local Only
8/30/10 - $250 Checking & Money Market Account Bonus at First Tennessee Bank - Local Only
3/20/10 - $200 Bonus for Opening Checking and Savings Accounts at First Tennessee Bank - Local Only
11/4/09 - $150 Checking Account Bonus at First Tennessee Bank - Local Only
8/21/08 - 4.00% Savings Account for 6 Months at First Tennessee Bank
8/23/07 - $100 Checking Account Bonus at First Tennessee Bank (No Direct Deposit Needed)
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
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.
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 4977 |
| Year Established | 1864 |
| Employees | 5057 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.2% |
| Return on Equity - YTD | 9.71% |
| Annual Interest Income | $817.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $41.99B$40.87B |
| Loans | Q2 2019vs Q2 2018 | $29.97B$28.21B |
| Deposits | Q2 2019vs Q2 2018 | $32.69B$31.22B |
| Equity Capital | Q2 2019vs Q2 2018 | $5.17B$4.93B |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $191.8MM$184.5MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $228.0MM$160.8MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $19.3MM$29.7MM |
Always verify rates and promotions with the bank or credit union. We are not First Horizon; 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 Horizon Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.01% | - | - | Traditional Savings |
First Horizon Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.45%* | $250k* | - | Money Market Savings | ||
| OTHER TIERS: 0.01% → Up to $25k | 0.02% → $25k - $50k | 0.20% → $50k - $100k | 0.33% → $100k - $250k | |||||
