First Horizon CD Rates and Terms for 2025
Written by
Rudri Patel
Edited by
Elizabeth Constantineau
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First Horizon Bank — one of the South’s oldest and largest banks — offers certificate of deposit (CD) accounts that may help your savings outpace inflation. Below is a detailed overview of First Horizon Bank’s CD offerings and associated features.
Current First Horizon CD Rates: September 2025
Like most banks, First Horizon has different CD rates, determined by the term length — the duration you decide to keep your funds deposited in the bank’s CD.
| CD Term | Annual Percentage Yield (APY) | Minimum Deposit |
|---|---|---|
| 30 days | $1,000 | |
| 60 days | $1,000 | |
| 90 days | $1,000 | |
| 180 days | $1,000 | |
| 270 days | $1,000 | |
| 12 months | $1,000 | |
| 24 months | $1,000 | |
| 36 months | $1,000 | |
| 48 months | $1,000 | |
| 60 months | $1,000 |
Pros and Cons of First Horizon CDs
Every financial product has advantages and disadvantages, including First Horizon CDs. Below is a closer look at both sides of the product.
Pros
- FDIC insured: CD accounts at First Horizon are FDIC insured, which gives savers peace of mind about their funds.
- Variety of terms: There are terms ranging from 30 days to five years.
- Interest payments on your terms: You can get your interest paid monthly, quarterly, semi-annually or annually.
Cons
- CD rates are low: APY rates are low, and you likely will get a higher APY at a competing bank.
- Early withdrawal penalty: If you need to get your funds out early, you’ll face an early withdrawal penalty.
- Limited availability: First Horizon is located in 12 states only, so this limits accessibility to those who want to invest in CDs.
How Much Can You Earn With a First Horizon CD?
Here’s a simple example showing estimated earnings with a First Horizon CD.
| Deposit Amount | Term Length | APY | Estimated Interest Earned* |
|---|---|---|---|
| $1,000 | 12-month | $1.00 | |
| $2,000 | 24-months | $4.00 | |
| $5,000 | 3 years | $15.02 | |
| $7,000 | 5 years | $35.07 |
How To Open a First Horizon CD Account
It is easy to open a CD with First Horizon as long as you meet the eligibility requirements. Those requirements are as follows:
- Be at least 18 years old
- Be a U.S. citizen
- Have an existing First Horizon account
- Live in the following states: Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Texas, Virginia or select areas of New York
If you meet the eligibility requirements, you can set up a CD by applying online, going in-person or calling a customer service representative.
Follow the prompts online or fill out the responses to the application in person.
Be ready to provide the following information:
- State-issued photo ID
- Social Security number
- Date of birth
- Contact information, such as your address and phone number
- Employment and income details
How Do First Horizon CD Rates Compare With Other Banks
First Horizon CD rates don’t lead the pack — check out this comparison to see why.
| Bank | 1-Year CD Rate | 5-Year CD Rate | Minimum Deposit |
|---|---|---|---|
| First Horizon | $1,000 | ||
| Popular Direct | $10,000 | ||
| Ally Bank | $0 | ||
| Capital One* | $0 |
Is a First Horizon CD Right for You?
First Horizon CDs aren’t right for everyone — here’s who they may be a good fit for, and who might want to look elsewhere.
Ideal For
- Existing First Horizon customers
- Residents in eligible states
- Conservative investors
Not Great For
- Investors looking for higher APYs
- Individuals looking for national accessibility
Tips for Getting the Best CD Rate
Want the best rate on your CD? Here are some tips that may help:
- Consider relationship banking perks: If you have an existing relationship or multiple accounts, you may receive a better CD rate.
- Compare multiple terms: Research online and in-person banks to evaluate the best rate for you.
- Look for promotional or limited-time offers: Banks often offer promotional rates or special offers on their CDs. Check online or ask in person for those offers.
- Use a CD laddering strategy: Use CD laddering as a strategy so that you can have cash on hand when you need it.
First Horizon Bank: FAQ
If you still have questions about First Horizon CD rates, the FAQs below can help you understand how they work and whether they're right for you.- What is the minimum deposit for a First Horizon CD?
- First Horizon requires a minimum of $1,000 to open a CD.
- Do I need a First Horizon account to open a CD?
- You must have a First Horizon account to open a CD.
- Can I open a CD online?
- Yes, First Horizon allows you to open a CD online as long as you live 50 miles from a bank location.
- What happens if I withdraw before the term ends?
- If you withdraw from your CD before the term ends, expect to pay a penalty. The penalty amount depends on when in the term you decide to withdraw funds.
- Are First Horizon CD rates competitive in 2025?
- No, rates are not competitive. The APYs range from 0.05% to 0.10%.
Aja McClanahan contributed to the reporting for this article.
*Capital One interest rates accurate as of Sept. 12, 2025. See website for all current rates.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Sept. 12, 2025.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
