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First Horizon Bank Regular CD Account

in CD Accounts from First Horizon Bank · fdic

Unaffiliated

First Horizon Bank Regular CD Account

Unaffiliated

in CD Accounts from First Horizon Bank · Member FDIC

Not enough votes for recommendation

Highlights
Minimum Opening Deposit	Starting at $1,000
Certificate Term	3 months 6 months 12 months 2 years 3 years 4 years 5 years 1 month 9 months
APY (Annual Percentage Yield)	0.02% - 0.25%

First Horizon Bank Regular CD Account Review

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

Key Takeaways

Very high APY. This account offers an annual percentage yield of up to 0.25%, which is much higher than the national average for a CD account.
$1,000 minimum deposit. This is a typical minimum initial deposit for the CDs we track.
Wide selection of CD terms. First Horizon CD allows you to create a CD ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.

Pros & Cons of First Horizon Bank Regular CD Account

Pros	Cons
FDIC insured. Multiple CD terms available. High-interest yield.	Only available in 6 states. There isn't a no-penalty CD option. Does not offer an IRA CD.

First Horizon Bank Regular CD Account FAQ

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 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 CD 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 CD term ends.

First Horizon Bank does not charge an early withdrawal fee.

First Horizon Bank does not seem to charge any of the fees we track.

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