Business Savings Account in First Horizon National Corporation
Business Savings Account — First Horizon National Corporation
A Business Savings Account with First Horizon National Corporation is designed for companies that want to build a reliable cash reserve while maintaining easy access and robust treasury controls. This account is tailored to support small and mid-sized enterprises, nonprofit organizations, professional practices and other business entities seeking a secure place to park surplus funds, earn interest, and preserve liquidity for payroll, operating expenses, and strategic investments.
Why choose a First Horizon Business Savings Account?
Choosing a Business Savings Account at First Horizon means combining the stability of a federally chartered bank with tools that simplify daily financial management. The account offers competitive interest accrual on qualifying balances, flexible deposit and withdrawal options, and a range of digital banking services. Whether your priority is maximizing yield, maintaining working capital, or establishing a predictable emergency fund, this account is structured to help your business meet short- and medium-term financial goals.
Key features and benefits
- Interest earnings: Earn interest on balances, helping your idle cash work harder for your business.
- FDIC insurance: Deposits are FDIC-insured up to applicable limits, providing an added layer of safety and confidence.
- Online and mobile access: Manage balances, view statements, transfer funds, and monitor activity through secure digital channels.
- Linked accounts and sweeps: Seamlessly link to business checking accounts or utilize automatic sweep features to optimize liquidity and earnings.
- Low maintenance: Competitive minimum balance requirements and transparent fee policies designed to accommodate a range of business sizes.
- Cash management integration: Compatible with payroll, merchant services, and other First Horizon treasury solutions for consolidated account oversight.
How the account supports your business
The Business Savings Account is ideal for establishing an operating reserve, funding seasonal inventory purchases, or keeping funds earmarked for expansion projects. With interest compounding and easy transfers to operating accounts, you can maintain working capital without sacrificing accessibility. The account also helps formalize a business’s financial discipline by separating reserve funds from day-to-day transactional balances.
Security and compliance
First Horizon maintains rigorous controls to protect customer assets and data. The Business Savings Account comes with multi-factor authentication for online access, encrypted communications, and account monitoring to detect suspicious activity. As with all deposit accounts, account management is subject to applicable regulatory and compliance requirements, and documentation may be requested to verify business identity and authorized signers.
Eligibility and documentation
Eligible entities typically include corporations, limited liability companies, partnerships, sole proprietorships, nonprofit organizations and other recognized business structures. To open an account, you will generally be asked to provide formation documents (such as articles of incorporation or organization), employer identification number (EIN) or taxpayer identification, government-issued identification for authorized signers, and resolution or signature cards identifying authorized representatives. Specific requirements may vary by entity type and jurisdiction.
Account opening and onboarding
Opening a Business Savings Account is straightforward. Prospective customers can begin the process online, visit a local First Horizon branch, or consult a business banking specialist. During onboarding, a banker will review documentation, discuss balance tiers and fees, and recommend optional services—such as sweep arrangements, ACH origination, or remote deposit capture—to align the account with your cash management strategy.
Pricing and disclosures
Fees, minimum balances, and interest rates are subject to change and may vary by region and account profile. First Horizon provides transparent disclosures detailing monthly service fees, transaction limits, and any conditions for earning advertised interest. Businesses should review the fee schedule and account agreement carefully. For customized pricing and account package options, contact a First Horizon business banker.
Common use cases
- Maintaining an emergency operating reserve to cover unexpected expenses or temporary revenue shortfalls.
- Accumulating funds for planned capital expenditures, such as equipment purchases or facility improvements.
- Segregating cash designated for taxes, payroll obligations, or vendor payments to improve financial visibility.
- Supporting nonprofit reserve policies to ensure mission continuity and regulatory compliance.
Frequently asked questions
Q: Can I link my Business Savings Account to multiple checking accounts? A: Yes — linking allows efficient internal transfers and can be part of a broader cash management strategy. Q: Are deposits insured? A: Deposits are FDIC-insured up to applicable limits. Q: Can I access account statements electronically? A: Absolutely — electronic statements and transaction histories are available through online banking.
Get started
To learn more or open a Business Savings Account with First Horizon National Corporation, visit the nearest branch, call your local business banker, or start the application online at firsthorizon.com. A dedicated team will help tailor the account features to your business needs, answer questions about eligibility and fees, and recommend complementary treasury services that streamline operations and maximize the value of your cash reserves.
Note: Account availability, features, and terms are subject to change. Interest rates and fees vary by market and are provided at the time of account opening. Deposit accounts are insured by the Federal Deposit Insurance Corporation (FDIC) up to applicable limits. Please consult First Horizon for current disclosures, terms and conditions, and professional guidance tailored to your business circumstances.
Address Bank: Memphis, Tennessee, U.S.
Bank: First Horizon National Corporation
Headquarters: Memphis
Products: Deposit Accounts
Type: Business Savings Account
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