Money Market Savings
Earn more as you save more with a tiered-interest Money Market Savings account. Discover minimum requirements for opening an account, product features and benefits, and more when you browse money market savings account rates.
Minimum Requirements
- $50 minimum opening deposit.
- No monthly service charge if account holder also has a qualifying checking account, or if the total combined balance in First Horizon Bank accounts is at least $5,000. Otherwise, a $9 monthly service charge will be assessed.
Product Features
- Tiered interest at money market rates based on your daily balance.
- Interest is compounded and credited monthly.
- Automatic savings with regular transfers from your checking account.
- An account can be linked to a First Horizon Bank checking account to provide 24-hour access to funds through the ATM.
- FDIC insured up to $250,000.*
- Link to checking for overdraft protection.
Product Benefits
- Access to funds by ATM or check.
- Monthly statements when there are ATM or electronic transactions. Otherwise, quarterly.
- Accessible via Digital Banking.
- Convenient Automatic Savings Service with recurring transfers between accounts via Digital Banking.
| Balance | APY** |
|---|---|
| $0 – $24,999 | 0.35% |
| $25,000 – $49,999 | 0.35% |
| $50,000 – $99,999 | 0.70% |
| $100,000 – $249,999 | 0.70% |
| $250,000+ | 0.70% |
