First Horizon Bank


Overview / Commentary
901-523-4883
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 36th largest bank in the nation. It was established in 1864 and as of March of 2024, it had grown to 7,052 employees at 427 locations. First Horizon Bank's money market rates are 4X the national average, and it has an A health rating.

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.

Horrible Banking Experience

Posted by: |

Worst experience I have ever had, everything must be done in person. Open account close account. No considerations for personal time. Customer service reps are rude and unprofessional, will never do any business with bank ever again.

DO NOT WAIST YOUR TIME WITH THIS BANK!!!

VIEW MORE REVIEWS

Health

Health Grade Components

Overall
FDIC Certificate #4977
Year Established1864
Employees7052
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.11%
Return on Equity - YTD10.15%
Annual Interest Income$1.08B
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$81.5B$80.47B
LoansQ1 2024vs Q1 2023$61.37B$58.99B
DepositsQ1 2024vs Q1 2023$66.65B$62.81B
Equity CapitalQ1 2024vs Q1 2023$8.79B$8.49B
Loan Loss AllowanceQ1 2024vs Q1 2023$786.8MM$715.2MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$514.8MM$430.8MM
Real Estate OwnedQ1 2024vs Q1 2023$4.5MM$4.5MM
Rates
Skip to rates for:
Report an Issue

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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%$0-Traditional Savings

First Horizon Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.03%*$50k*-Money Market Savings - 3 Month Intro Rate
OTHER TIERS: 1.65% $0 - $50k
1.76%*$50k*-TotalView Money Market Savings
OTHER TIERS: 1.51% $0 - $50k
1.00%*$50k*-Money Market Savings
OTHER TIERS: 0.50% $0 - $50k

First Horizon Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.15%$1k$10m6 Month CD Special w/checking
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
0.05%$1k-30 Day CD
0.05%$1k-60 Day CD
0.05%$1k-90 Day CD
Locations

Availability



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.