First Horizon Bank Add On CD Account Review

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

Are cd accounts from First Horizon Bank federally insured?

Yes, your First Horizon Bank cd accounts 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 APY does First Horizon Bank offer on its CDs?

First Horizon Bank Add On CD Account offers an APY starting at 0.02% and ranging up to 0.06% (APY stands for annual percentage yield, rates may change).

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

First Horizon Bank Add On CD Account requires a minimum initial deposit of $500 to open an account.

What types of early withdrawal penalties does First Horizon Bank Add On CD Account charge?

Financial institutions don't typically charge many fees on certificate of deposit accounts. However, some do charge a fee if you chooose to withdrawal your money before the CD term ends.

First Horizon Bank does not charge an early withdrawal fee.