High Yield Savings Account — First Horizon National Corporation

The High Yield Savings Account from First Horizon National Corporation is designed for savers who want higher returns than a traditional savings account while keeping funds accessible and secure. Combining competitive interest rates, the stability of a well-established financial institution, and modern digital tools, this account is tailored for emergency funds, short- to mid-term goals, and a disciplined savings habit.

Key Benefits

• Competitive variable interest rate: The account offers a higher interest rate than standard savings options to help your balance grow faster over time. Rates are variable and may change in response to market conditions.
• Federal deposit insurance: Deposits are protected up to applicable limits by federal deposit insurance, providing peace of mind for your principal.
• Easy access to funds: Withdrawals and transfers are straightforward through online and mobile banking, ATM networks where applicable, and in-branch service if needed.
• No complicated product tiers: Simple account structure with transparent terms makes it easy to understand how your money grows and what fees, if any, may apply.
• Automatic saving features: Options such as scheduled transfers from a checking account or rounding up purchases help automate the savings process to meet your goals.

Who This Account Is For

This account suits a wide range of customers:

• Individuals building an emergency fund who want better returns without sacrificing liquidity.
• Savers with short- to medium-term goals, such as travel, a major purchase, or a down payment fund.
• Those who prefer a straightforward savings vehicle without the commitment or restrictions of certificates of deposit.
• Anyone looking for the reassurance of federally insured deposits combined with modern banking conveniences.

Features and Tools

The High Yield Savings Account provides a robust set of features and digital tools designed to support your savings strategy:

• Online and mobile banking: Manage your account, view transactions, set up transfers, and monitor balances from desktop or mobile devices.
• Automated transfers: Schedule recurring deposits from linked accounts to build savings consistently without manual effort.
• Account alerts: Customize notifications for balance thresholds, transfers, and other important activity to stay informed.
• Goal-setting tools: Visualize progress toward a particular savings target and receive tips to stay on track.
• Statements and documentation: Access electronic statements and tax documents securely through your online profile.

Fees and Requirements

The account is structured to be cost-effective and user-friendly. While fee schedules and minimum balance requirements may vary over time, First Horizon National Corporation aims to keep terms transparent and reasonable. Potential account holders should review the current disclosures and fee schedule at account opening to understand any applicable maintenance fees, minimum opening deposit, or transaction limits. Many customers benefit from fee waivers based on linked relationships or minimum balance thresholds.

Security and Trust

Security is a top priority. The institution employs multifactor authentication, encryption, and monitoring systems to protect account access and transaction data. In addition, deposits held in the High Yield Savings Account are protected by federal deposit insurance up to applicable limits, providing secure custody of funds. Regular security updates and consumer education resources help customers recognize and avoid fraud.

How to Open an Account

Opening a High Yield Savings Account is straightforward. Prospective customers can prepare by gathering basic identification and funding information. The process typically includes verifying identity, agreeing to account disclosures, and making an initial deposit. Applicants should confirm current opening requirements and any minimum deposit amounts at the time of application. Existing customers may be able to open the account through their online profile or by contacting a representative for assistance.

Strategies to Maximize Yield

• Automate contributions: Set up recurring transfers to ensure steady growth and avoid missed deposits.
• Consolidate balances: Keep your primary savings in the high yield account to benefit from the higher rate rather than scattering funds across multiple low-yield accounts.
• Use it for distinct goals: Maintain separate accounts or sub-accounts for different objectives so that the high yield account can remain focused on priority savings.
• Monitor rate changes: Stay informed about rate adjustments and consider laddering strategies with other products if you have longer-term horizons.

Comparing to Other Savings Options

Compared to traditional savings accounts, the High Yield Savings Account typically offers better earnings potential with similar liquidity. Unlike certificates of deposit, it does not lock funds for a fixed term, giving you the freedom to access savings when needed. For investors seeking market-linked returns, this account is not a substitute for investment products; rather, it is a conservative, liquid place to hold cash while earning a competitive rate.

Customer Support and Service

Customers have access to support channels to help with account setup, troubleshooting, and general questions. Service offerings include assistance with online banking, transaction inquiries, and guidance on integrating the account with other financial products. Knowledgeable representatives can explain features, eligibility criteria, and the terms that apply to the High Yield Savings Account so you can make informed decisions.

Final Considerations

A High Yield Savings Account with First Horizon National Corporation provides a balanced combination of higher interest potential, security, and convenient access. It is an effective tool for building emergency funds, saving for near-term goals, and keeping cash reserves productive without taking on market risk. Prospective account holders should evaluate the current terms, understand any fees and requirements, and consider how the account aligns with their broader financial plan.

Thoughtful use of the account—through automation, goal-setting, and regular review—can help you make the most of your savings. Whether you are starting a new savings habit or optimizing an existing cash position, this product is designed to support disciplined saving with the reliability of an established banking institution.

Address Bank: Memphis, Tennessee, U.S.
Bank: First Horizon National Corporation
Headquarters: Memphis
Products: Banking & Savings
Type: High Yield Saving Account