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  First Horizon Bank Money Market Savings Account

First Horizon Bank Money Market Savings Account

in Money Market Accounts from First Horizon Bank · Member fdic

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First Horizon Bank Money Market Savings Account

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in Money Market Accounts from First Horizon Bank · Member FDIC

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Highlights
APY (Annual Percentage Yield) 0.01% - 0.1%
APY Minimum Balance $0.01
Minimum Opening Deposit Starting at $50

First Horizon Bank Money Market Savings Account Review

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

First Horizon Bank Money Market Savings Account FAQ

Are money market accounts from First Horizon Bank federally insured?

Yes, your First Horizon Bank money market 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 are the First Horizon Bank Money Market Savings Account rates?

First Horizon Bank Money Market Savings Account offers an APY starting at 0.01% and ranging up to 0.1% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $0.01.

First Horizon Bank Money Market Savings Account Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0.01% - 0.1%

What are the First Horizon Bank Money Market Savings Account fees?

This account charges a monthly maintenance fee of up to $9. You can avoid this fee by maintaining a balance of $5,000.
First Horizon Bank Money Market Savings Account Fees
Fees Amount
Monthly Fee up to $9
Paper Statement Fee $2

What is the minimum balance for First Horizon Bank Money Market Savings Account?

Minimum initial deposit of $50. You must make an initial deposit of at least $50 to open this account.

Monthly maintenance minimum balance of $5,000. You can avoid the monthly fee if you keep a minimum balance $5,000.

Interest rate minimum balance of $0.01. You must keep the account balance above $0.01 to earn interest.

What features and perks does First Horizon Bank Money Market Savings Account offer?

This account includes the following features:

  • Automatic savings - Set up an automatic transfer from your checking account and you'll never have to second-guess your saving decisions again.
  • Fraud monitoring - First Horizon Bank monitors transactions for potentially fraudulent activity.
  • Mobile Banking Services - First Horizon Bank Money Market Savings Account allows you to manage your money online.
  • Nationwide ATM network - First Horizon Bank Money Market Savings Account allows you to access your money from an ATM, a convenient feature only a few offer.

How to open an account with First Horizon Bank

  • Visit the First Horizon Bank website.
  • Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
  • Check the information is accurate and submit your application.
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Availability

  Available in 6 states
  • Florida
  • North Carolina
  • South Carolina
  • Tennessee
  • Texas
  • Virginia

Feature Breakdown

APY Minimum Balance $0.01
Minimum Balance to Avoid Monthly Fee $5,000
Minimum Opening Deposit Starting at $50
Monthly Fee $0 - $9
Paper Statement Fee $2
Bank Account Features
  • Interest Bearing Account
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Debit Card
  • Automatic Savings
  • Branch Access
  • FDIC Member
APY (Annual Percentage Yield) 0.01% - 0.1%
Dividend Compounding Frequency Monthly
Dividend Payout Frequency Monthly

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