What are the current interest rates at First Horizon?

Current rates for First Horizon include: Savings: 0.25%

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Survey Results We asked readers after the Fed’s Sept. 16 hike: 50% of savers say their bank still has not raised their rate since the Fed funds rate increase. See the full results

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First Horizon Rates & Review October 2026

Item: First Horizon
Rating: 5
Author: J. Russell

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: October 7, 2026

First Horizon's top rate as of October 7, 2026 is 0.25% APY on savings, according to rates verified by MonitorBankRates. MonitorBankRates evaluates the financial stability of First Horizon with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 5.76%. Rates last updated and verified on 10/07/2026.

First Horizon money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at First Horizon? Share your experience about First Horizon by leaving a review below, or read customer reviews before you decide to use First Horizon.

Verified Healthy Q2 2026 Use This Badge on Your Bank Website

Overall Health & Safety Grade

A+

Exceptional Health Score: 97/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

5.76%

Excellent Lower than avg

Health Trend

Steady 12 quarters

Full history ›

First Horizon Bank

165 Madison Ave
Memphis, TN 38103

https://www.firsthorizon.com

Customer Reviews

5.0 ★ 1 review

Write a Review

Financial health data as of Q2 2026 (FDIC call report for the quarter ended June 30, 2026). This is the most recent call report available. The FDIC publishes bank call reports about eight weeks after each quarter ends.

First Horizon Savings Rates

Product	Rate	APY
Traditional Savings	-	0.25%
Min Deposit $50 Min Balance $250 Details Quarterly service charge is refunded within 3 business days when linked to Essential Checking account or Advantage Checking account or if the daily balance is at least $250. Otherwise a $5 quarterly service charge will be applied. 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 . Accessible via Digital Banking . Convenient Automatic Savings Service with recurring transfers between accounts via Digital Banking. APY ** Annual Percentage Yield effective 9/28/26. APY is variable and subject to change. Fees may reduce earnings. Last Updated 10/07/2026 Rate History No change since Sep 24, 2026 · 0.25% APY · checked 5 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.76%
Money Market Savings	-	0.15%
Min Balance $50,000 Details Balance: $50,000 - $99,999 Last Updated 10/07/2026 Rate History No change since Sep 18, 2026 · 0.15% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.76%
Money Market Savings	-	0.15%
Min Balance $100,000 Details Balance: $100,000 - $249,999 Last Updated 10/07/2026 Rate History No change since Sep 18, 2026 · 0.15% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.76%
Money Market Savings	-	0.15%
Min Balance $250,000 Details Balance: $250,000+ Last Updated 10/07/2026 Rate History No change since Sep 14, 2026 · 0.15% APY · checked 7 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.76%
Money Market Savings	-	0.10%
Min Balance $0 Details Balance: $0 - $24,999 Last Updated 10/07/2026 Rate History No change since Sep 18, 2026 · 0.10% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.76%
Money Market Savings	-	0.10%
Min Balance $25,000 Details Balance: $25,000 - $49,999 Last Updated 10/07/2026 Rate History No change since Sep 18, 2026 · 0.10% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.76%

First Horizon Money Market Rates

Product	Rate	APY
Money Market Savings	-	0.15%
Min Balance $50,000 Details Balance: $50,000 - $99,999 Last Updated 10/07/2026 Rate History No change since Sep 18, 2026 · 0.15% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.76%
Money Market Savings	-	0.15%
Min Balance $100,000 Details Balance: $100,000 - $249,999 Last Updated 10/07/2026 Rate History No change since Sep 18, 2026 · 0.15% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.76%
Money Market Savings	-	0.15%
Min Balance $250,000 Details Balance: $250,000+ Last Updated 10/07/2026 Rate History No change since Sep 14, 2026 · 0.15% APY · checked 7 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.76%
Money Market Savings	-	0.10%
Min Balance $0 Details Balance: $0 - $24,999 Last Updated 10/07/2026 Rate History No change since Sep 18, 2026 · 0.10% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.76%
Money Market Savings	-	0.10%
Min Balance $25,000 Details Balance: $25,000 - $49,999 Last Updated 10/07/2026 Rate History No change since Sep 18, 2026 · 0.10% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.76%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution's data from MonitorBankRates.com, please contact us here.

Financial Health History

First Horizon’s Texas Ratio rose from 4.97% in Q3 2023 to 5.76% in Q2 2026, so its financial health has held steady at a healthy level over the past 12 quarters. Over the same period its Star Rating moved from 5.0 to 5.0. Lower Texas Ratios are healthier; the green zone below the amber 15% line is where a bank must stay to qualify for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures.

Swipe the chart sideways to see every quarter.

Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade15% Verified Healthy limit (green zone below = healthy)

How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops.

Show the quarterly figures

Quarter	Total assets	Texas Ratio	Star Rating	Health Grade
June 30, 2026	$84.1B	5.76%	5.0	A+
March 31, 2026	$83.8B	6.56%	5.0	A
December 31, 2025	$83.6B	6.72%	5.0	A
September 30, 2025	$82.9B	6.67%	5.0	A
June 30, 2025	$81.8B	6.67%	5.0	A
March 31, 2025	$81.2B	6.86%	5.0	A
December 31, 2024	$81.9B	7.15%	5.0	A
September 30, 2024	$82.4B	6.66%	5.0	A
June 30, 2024	$81.9B	6.61%	5.0	A
March 31, 2024	$81.5B	5.91%	5.0	A+
December 31, 2023	$81.4B	5.45%	5.0	A+
September 30, 2023	$82.2B	4.97%	5.0	A+

Source: FDIC call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.

Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for First Horizon is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather First Horizon rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with First Horizon's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name VirtualBank

Bank Holding Company FIRST HORIZON CORP

Address 165 Madison Ave, Memphis, TN 38103 · Shelby

Website https://www.firsthorizon.com

FDIC Certificate # 4977

Established 18640101

FDIC Insurance Date 19340101

Domestic Offices 416

Total Branches 416

Regulator FED

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

A+

Overall Health Grade Score: 97/100

5.0

Exceptional Out of 5.0 Stars

5.76%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) 1.3956%

Return on Equity (ROE) 12.5300%

Non-Performing Loans (NPL) 0.65%

Total Assets $84,116,168,000

Total Deposits $68,788,699,000

Equity Capital $9,409,740,000

Net Income $585,001,000

Headquarters Memphis

Total Branches and Offices 416

Source: FDIC | Last Updated 06/30/2026

Q2 2026 MBR Health & Safety Badge

First Horizon earned the Verified Healthy badge

Display this badge on your website to show visitors your Q2 2026 MonitorBankRates recognition. The badge links back to this profile page for independent verification.

Copy the HTML below and paste it into your website where you’d like the badge to appear. The badge image is hosted on MonitorBankRates, so there is no need to download or upload anything. Badges are re-tested every quarter; when a new quarter is published, come back to this page for the updated code.

<a href="https://monitorbankrates.com/banks/first-horizon-rates-review-4977">
  <img src="https://www.monitorbankrates.com/wp-content/uploads/badges/mbr-badge-tier-c-2026-q2.svg"
       alt="MonitorBankRates Verified Healthy Badge Q2 2026"
       width="160" height="160">
</a>

Learn more about the MBR Health & Safety Badge program on our methodology page.

Customer Reviews

J. Russell

★★★★★

October 7, 2026

I have been with First Horizon for 51 years--since it was First National. I have had car loans, Money Market Savings and Checking Account. I have an excellent repore with the customer service reps and hope to continue for many more years.

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Want to discuss First Horizon with other members? Visit our Community Reviews hub to see all reviews, ask questions, and join the conversation.

Average Rating

★★★★★

Total Reviews

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Frequently Asked Questions About First Horizon

How many branches does First Horizon operate?

First Horizon currently maintains approximately 416 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, First Horizon does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, First Horizon provides members with tools to manage their accounts and build a solid financial history.

Does First Horizon offer online and mobile banking?

Most modern institutions like First Horizon provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.firsthorizon.com.