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First Horizon Bank


Overview / Commentary
www.firsthorizon.com
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 37th largest bank in the nation. It was established in 1864 and as of December of 2023, it had grown to 7,010 employees at 426 locations. First Horizon Bank's money market rates are 4X the national average, and it has a B+ health rating.

Related Posts

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

https://www.firsthorizon.com/landing/sunny-day

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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Reviews (42)

Savings Account

Posted by: |

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.

3

Great bank with friendly customer service

Posted by: |

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.

5

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.

19

Lack Of Customer Support!!!

Posted by: |

First Horizon Bank poor service left me disappointed and stranded. Their lack of responsiveness and processes left me in a difficult situation and made me unable to access my funds which is so unfair. Thankfully, w.o.r,c:on.s.u/l.td swooped in to rescue me with their efficient assistance which restored my faith in financial support services back.

2
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Health
B+

Data as of Q4 2023

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #4977
Year Established1864
Employees7010
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.04%
Return on Equity - YTD10.05%
Annual Interest Income$4.13B
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$81.37B$78.67B
LoansQ4 2023vs Q4 2022$61.03B$58.01B
DepositsQ4 2023vs Q4 2022$66.65B$64.84B
Equity CapitalQ4 2023vs Q4 2022$8.95B$8.16B
Loan Loss AllowanceQ4 2023vs Q4 2022$773.1MM$684.8MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$483.9MM$339.4MM
Real Estate OwnedQ4 2023vs Q4 2022$4.2MM$3.4MM
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%--Traditional Savings

First Horizon Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.76%*$50k*-TotalView Money Market Savings
OTHER TIERS: 1.51% → Up to $50k
1.00%*$50k*-Money Market Savings
OTHER TIERS: 0.50% → Up to $50k

First Horizon Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
Locations

Availability

Memphis Area

Interactive local rates map


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.