Traditional Savings
Accumulate extra cash, with a low minimum opening balance and the option to automatically transfer funds from your First Horizon Bank checking account. Explore guided details on application essentials, including traditional savings account typical minimum balances, typical interest rate for traditional savings accounts, APY disclosures, and more.
Minimum Requirements
- $50 minimum opening deposit.
- No quarterly maintenance fee if you meet the $250 minimum daily balance requirement.
Product Features
- $5 quarterly maintenance fee if daily balance falls below $250.
- Interest is compounded daily and posted quarterly.
- 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 via ATM when linked to a First Horizon Bank checking account.
- Monthly statements on savings accounts with activity through the ATM.
- Accessible via Digital Banking.
- Convenient Automatic Savings Service with recurring transfers between accounts via Digital Banking.
APY**
- 0.25%
