Earn Up To 1.40% with a First Tennessee Bank Money Market Rate

Posted in Banking , Money Market , National Banks , Rates

Historically speaking, money market account rates have given regular savings accounts a run for the money. The same holds true today as First Tennessee Bank has top money market rates for those who become Premier Plus Banking customers. The high money market account is tiered and the breakdown for earning potential is as follows:

  • $0 – $9,999 deposit amounts can earn 0.65% APY
  • $10,000 – $14,999 deposit amounts can earn 0.75% APY
  • $25,000 – 49,999 deposit amounts can earn 0.90% APY
  • $50,000 – $99,999 deposit amounts can earn 1.15% APY
  • $100,000+ deposit amounts can earn 1.40% APY

To earn the bank’s best money market account rate, certain obligations must be met including:

  • To earn highest possible money market rates, depositors must be a Premier Plus Banking customer
  • No fees as long as qualified checking account is also opened
  • A minimum of $5,000 on total deposit must occur
  • If above terms are not met a $9 monthly fee will be charged
  • The .50% bonus rate (included in totals above) is valid through Dec. 31, 2010 and may be extended at a future date
  • The above APY will only apply to First Tennessee Money Market Savings account having the same owner as the Premier Checking account.
  • FDIC insured

First Tennessee Bank is part of the First Horizon National Corporation group and with that backing; the bank has a history dating back to 1864. Since the financial institution’s beginning, they banking group has evolved into being one of the top 30 bank holding companies.

Within Tennessee the bank operates as First Tennessee Bank. However within Arkansas, Georgia, Mississippi and Virginia the bank is called First Horizon. There are locations all throughout the southern United States.

>> Money Market Savings Account Interest Rates

Other Terms and Conditions may apply. Additionally, rates may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.

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