Traditional Savings
When you want to put your money in a safe, convenient place where it can grow, open a Traditional Savings account. You'll have access to your money any time you need it and you will earn interest on your balances.
Interest is compounded daily and posted to your account quarterly. The Traditional Savings account has a low minimum opening deposit, and you have no-penalty access to your savings.1
- Low minimum opening balance
- Penalty-free withdrawals1
- Quarterly statement (December statement shows yearly interest earned)
- Monthly statements on savings accounts with activity through ATMs
- FDIC insured up to $100,000
- Automatic savings - customers may elect to have regular transfers made automatically
- Accessible via Banking Online or ATM
The account balance determines the APY* paid for all funds in the account.
There is no fee for Traditional Savings if you maintain a daily balance of $300 or more all quarter. For accounts with a daily balance below $300, the quarterly fee is $12.
For additional rate, fee and cost information, please refer to the Depositor Agreement and Disclosure Statement. To view or print, use Adobe® Reader®. Select the image below to download a free copy.
1Federal law requires that we convert a savings account to a checking account if you exceed six preauthorized or automatic transfers per month, or three such transactions by check or similar order payable to a third party.
Financial products and services are provided by First Horizon Bank, a division of First Tennessee Bank National Association, Member FDIC.
