First Horizon Bank

Overview / Commentary
165 Madison Avenue
Memphis, TN 38103

First Horizon Bank is headquartered in MEMPHIS and is the largest bank in the state of Tennessee. It is also the 38th largest bank in the nation. It was established in 1864 and as of March of 2023, it had grown to 7,061 employees at 425 locations. First Horizon Bank's money market rates are 5X the national average, and it has a B+ health rating.

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5.50% APY 11 Month CD Or IRA, 25K+ - 5/29/2023

First Horizon Bank 5.38% Money Market Savings Account Promotion -- In-Branch Only - 5/28/2023

I am in no way recommending this account, and only posting it for information purposes. First Horizon Bank is offering a special promotion. If one opens a new checking account, they can then open a Money Market Savings Account and get 5.38% APY. New Money Market Savings Accounts cannot be opened online. There is no mention on how long this rate is guaranteed for, however, this bank needs money, so it might be assumed they'd keep it up or else people would pull their money out. Branch Locations: Alabama Arkansas Tennessee Florida Georgia Louisiana New York North Carolina South Carolina Texas Virginia Notes: Promotion expires June 30th, 2023. The fine print says they're still enforcing Regulation D. This bank was going to be taken over by Canadian TD Bank, but TD pulled out. First Horizon shareholders are suing TD because of the failed acquisition. First Horizon Bank's stock price has dropped by a large percent. From their site: "5.38% APY Money Market Savings Account* 24/7 access vi

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Savings Account

It's been 3 months since I started my Money Market savings account. 5.25 APR, great staff, FDIC insured. I was getting .025% at another bank, when I asked if they could beat First Horizon they talked a story buy all BS.

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.

Unbelievably Bad Service

Posted by: |

Thank you, First Horizon, for making the death of my only son an even worse experience than it should be. You are dispicable.

Big Banks Collecting Data On Cash Deposits.

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Went to the local FH Bank to deposit 5K cash from the sale of a vehicle. After waiting 10 minutes to be greeted at the Drive-thru and sending my deposit in, I had to wait 10 more minutes and then was told by a rude teller that Due to the amount, she needed my drivers license. I obliged her and then she asked my occupation. I again obliged. But then she started asking other personal information like my social security number. I refused. I went inside and spoke to the manager and she spouted some bank policy about depositing cash over $3K and that information was to monitor cash deposits. So, this is big banks monitoring and scrutinizing your money. Bank elsewhere like a Credit Union or small bank. This a Nazi control move.



Health Grade Components

FDIC Certificate #4977
Year Established1864
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.43%
Return on Equity - YTD13.69%
Annual Interest Income$922.0MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$80.47B$88.32B
LoansQ1 2023vs Q1 2022$58.99B$55.41B
DepositsQ1 2023vs Q1 2022$62.81B$75.46B
Equity CapitalQ1 2023vs Q1 2022$8.49B$8.29B
Loan Loss AllowanceQ1 2023vs Q1 2022$715.2MM$622.5MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$430.8MM$369.4MM
Real Estate OwnedQ1 2023vs Q1 2022$4.5MM$3.8MM
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Always verify rates and promotions with the bank or credit union. We are not First Horizon Bank; 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 Bank Savings Account Rates

0.30%--Traditional Savings

First Horizon Bank Money Market Rates

2.02%*$50k*-TotalView Money Market Savings
OTHER TIERS: 1.76% Up to $50k
1.51%*$50k*-Money Market Savings
OTHER TIERS: 0.60% Up to $50k

First Horizon Bank CD Rates

0.10%$1k-180 Day CD
0.10%$1k-270 Day CD
0.10%$1k-12 Month CD
0.10%$1k-24 Month CD
0.10%$1k-36 Month CD
0.10%$1k-48 Month CD
0.10%$1k-60 Month CD
0.10%--180 Day Add On CD
0.05%$1k-30 Day CD
0.05%$1k-60 Day CD
0.05%$1k-90 Day CD


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