• The simple way to save

Traditional Savings

Our Traditional Savings account is an easy way to accumulate extra cash, with its low minimum opening balance and the option to automatically transfer funds from your First Tennessee checking account.

No monthly service charge if you meet the daily balance requirements and unlimited penalty-free withdrawals* using your First Tennessee ATM card mean this account compounds your savings potential.

Product Features

  • $50 minimum opening deposit
  • $5 quarterly maintenance fee if daily balance falls below $250
  • Interest is compounded daily and posted quarterly
  • Account can be linked to a First Tennessee checking account to provide 24-hour access to funds through the ATM
  • Automatic Savings with regular transfers from your checking account
  • FDIC guaranteed up to $250,000
  • Link to checking for overdraft protection

Product Benefits

  • Access via ATM when linked to a First Tennessee checking account*
  • Monthly statements on savings accounts with activity through the ATM
  • Accessible via Digital Banking
  • Convenient Automatic Savings Service with recurring transfers between accounts via Digital Banking



For additional information on service fees that may apply to this account, please visit our Account and Service Fee Summary page.

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

**Annual Percentage Yield effective 1/27/15. APY is variable and subject to change. APY is for accounts opened in the Memphis area and could vary in other markets. Fees may reduce earnings.

For additional information, please refer to the Depositor Agreement and Disclosure Statement.


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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.