• Get savings power to take the next step with BizEssentials Savings

BizEssentials® Savings

Link your BizEssentials® Savings and Checking accounts to take advantage of an automatic sweep feature that allows you to earn interest on excess funds. You set the peg – a pre-determined dollar amount (minimum $5000) in your checking account – and any excess funds are transferred to your savings account when the peg is reached. If needed, funds will sweep back into your checking account.

Product Features

  • Automatic sweep feature maximizes your earned interest
  • Competitive interest rates
  • No monthly fee

Product Benefits

* Federal law requires that we convert a savings account to a checking account if you exceed six preauthorized or automatic transfers, or transactions by check or similar order payable to a third party, per month.


Federal Deposit Insurance Corporation Banking products and services are provided by First Tennessee Bank National Association. Member FDIC. First Tennessee Bank National Association, and its banking division, Peoples Bank, are the same FDIC-insured institution. Deposits held under each trade name are not separately insured, but are combined to determine whether a depositor owner has exceeded the $250,000 FDIC insurance limit. All First Tennessee non-interest bearing checking accounts are fully guaranteed by the FDIC through December 31, 2012.