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Last Updated: 04/18/2025

First Horizon Bank Add On CD Account

from First Horizon Bank

Last Updated: 04/18/2025

First Horizon Bank Add On CD Account logo
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APY (Annual Percentage Yield)

0.10%(Verified 06/21/2024)
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Minimum Opening Deposit

Starting at $500

Certificate Term

6 months

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First Horizon Bank Add On CD Account Review

First Horizon Bank Add On CD Account are offered by First Horizon Bank, a bank founded in 1864 and based in Memphis, TN. First Horizon CD are available in 6 states.

Key Takeaways

  • Small selection of CD account types. First Horizon CD only offers liquid and traditional CDs.
  • Low APY. The maximum annual percentage yield for this account is only 0.10%.
  • $500 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
  • Limited selection of CD terms. First Horizon CD only offers one CD term. This limits your options when trying to set up a CD ladder.

Pros & Cons of First Horizon Bank Add On CD Account

First Horizon Bank Add On CD Account FAQ

Are CD from First Horizon Bank federally insured?

Yes, your First Horizon Bank CDs are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #4977). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What types of CDs does First Horizon Bank offer?

First Horizon CD provides the following types of CDs.
  • Traditional CDs. These CDs pay a fixed interest rate if you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or automatically renewing the CDs for another term.
  • liquid CDs. Liquid CDs, often called risk-free or breakable CDs, are a type of no-penalty CD that allows you to take out your money before the CD matures without paying a penalty.

What rates does First Horizon Bank offer on its CDs?

The CD rates for this account have an APY of0.10% (APY stands for annual percentage yield, rates may change).

What terms does First Horizon CD offer?

First Horizon Bank offers CD terms of the following lengths:

What is the minimum deposit to open a CD account with First Horizon Bank?

First Horizon CD require a minimum deposit of $500 to open an account.

What is the grace period for First Horizon CD?

First Horizon CD does not specify what their grace period is. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the grace period. Note that the new CD rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does First Horizon Bank charge?

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the term ends.
First Horizon Bank charges an early withdrawal fee.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

165 Madison Avenue
Memphis, TN 38101
Visit Site
Email Support

Hours of Operation

Sunday
Closed
Monday
7:00AM - 10:00PM
Tuesday
7:00AM - 10:00PM
Wednesday
7:00AM - 10:00PM
Thursday
7:00AM - 10:00PM
Friday
7:00AM - 10:00PM
Saturday
8:00AM - 5:00PM

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Other CD Accounts from First Horizon Bank

First Horizon Bank Regular CD Account logo
Rating not yet determined
1 review

APY (Annual Percentage Yield)

0.05% - 0.10%
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Minimum Opening Deposit

Starting at $1K

Certificate Term

  • 1 month
  • 3 months
  • 6 months
  • 9 months
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
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