First Horizon CD Rates (November 2026) & Calculator

First Horizon pays up to 0.10% APY on a 6-month CD. Pick a term to see what your deposit earns, how it compares and what breaking it early would cost.

Rates checked Nov 5, 2026FDIC cert #4977

First Horizon CD rates (Nov 5, 2026)

Every CD term First Horizon lists on its website, with what $10,000 earns over the full term.

First Horizon CD rates by term and balance
Term	Product	Minimum	APY	$10,000 earns
1 month	Regular CD	$1,000	0.05%	$0.42
2 months	Regular CD	$1,000	0.05%	$0.83
3 months	Regular CD	$1,000	0.05%	$1.25
6 months	Regular CD	$1,000	0.10%	$5.00
9 months	Regular CD	$1,000	0.10%	$7.50
1 year	Regular CD	$1,000	0.10%	$10.00
2 years	Regular CD	$1,000	0.10%	$20.01
3 years	Regular CD	$1,000	0.10%	$30.03
4 years	Regular CD	$1,000	0.10%	$40.06
5 years	Regular CD	$1,000	0.10%	$50.10

Special is a promotional rate. Relationship needs a linked account at First Horizon. A dash means the same APY as the opening balance. The highlighted row is First Horizon's top rate.

Source: First Horizon CD rates. Rates change often; confirm before you open an account.

First Horizon vs the national average

The FDIC national average is what banks and credit unions pay on average, weighted by deposits (Oct 19, 2026). The last column is the best rate among the 51 other banks we track for the same term.

First Horizon CD rates compared with the FDIC national average
Term	First Horizon	National avg	Best other bank
1 month	0.05%	0.23%	Western Alliance 0.90%
2 months	0.05%	0.23% (1 mo)	Chase 0.50% (relationship)
3 months	0.05%	1.14%	Popular Direct 4.30%
6 months	0.10%	1.39%	Popular Direct 4.35%
9 months	0.10%	1.39% (6 mo)	Synchrony 4.50%
1 year	0.10%	1.76%	Popular Direct 4.60%
2 years	0.10%	1.55%	E*TRADE 4.80%
3 years	0.10%	1.39%	Popular Direct 4.85%
4 years	0.10%	1.31%	Popular Direct 4.95%
5 years	0.10%	1.41%	Sallie Mae 5.00%

First Horizon CD early withdrawal penalty

First Horizon early withdrawal penalty by term
Term	Penalty
Less than 1 year	all interest earned
1 year to less than 2 years	1% of the amount withdrawn
2 years or more	2% of the amount withdrawn

Example: $10,000 in a 1-year CD at 0.10%, withdrawn after 6 months, has earned $5.00. The penalty is $100.00, so you would get $9,905.00, $95.00 less than you put in.

The penalty can reach your principal if it is more than the interest earned. Official disclosure (checked 2026-11-06).

Taxes on First Horizon CD interest

CD interest is taxable as ordinary income, federally and in most states. You owe tax in the year the interest is credited or accrues, even if it stays in the CD until maturity. First Horizon sends Form 1099-INT when you earn $10 or more in a year. For example, the $5.00 that $10,000 earns over 6 months at 0.10% would cost about $1 in federal tax in the 22% bracket.

If you pay an early withdrawal penalty, it appears in box 2 of your 1099-INT and you can deduct it from your income, even if you don't itemize. CDs held in an IRA follow IRA tax rules instead. See IRS Publication 550.

How We Calculate & Keep This Accurate

Maturity value is your deposit grown at the APY for the term: A = P × (1 + APY)^(months ÷ 12). The APY for each term is the highest balance tier your deposit qualifies for. Early withdrawal penalties are charged as simple interest on the deposit at the CD's interest rate (the APY converted to its daily rate), following First Horizon's published rule for that term.

Rates come from First Horizon's own rate page. We use the APY Ledger dataset (CC BY 4.0) to spot rate changes, and we checked a sample of rates and the penalty rules against First Horizon's website and disclosures. Results are estimates, not an offer from the bank.

Primary Sources

Data & Freshness

Figures reflect 2026 tax-year data.

Last updated November 5, 2026 · Maintained by the Financial Calculator editorial team.

First Horizon CD FAQs

Quick answers about First Horizon CD rates and penalties.

What are First Horizon's CD rates today?

As of Nov 5, 2026, First Horizon's highest CD rate is 0.10% APY on the 6 months Regular CD. The full list of terms and balance tiers is in the table above.

How much will $10,000 earn in a 6-month First Horizon CD?

At 0.10% APY, $10,000 grows to $10,005.00 after 6 months, earning $5.00 in interest. Change the deposit or term in the calculator to see other amounts.

What is First Horizon's CD early withdrawal penalty?

Less than 1 year: all interest earned. 1 year to less than 2 years: 1% of the amount withdrawn. 2 years or more: 2% of the amount withdrawn. If the penalty is more than the interest earned, the rest comes out of your principal.

Are First Horizon CDs insured?

First Horizon Bank is FDIC-insured (FDIC certificate #4977), so deposits are covered up to $250,000 per depositor, per bank, per ownership category.

How do First Horizon's rates compare with the national average?

The FDIC's national average for a 12-month CD was 1.76% as of Oct 19, 2026. First Horizon pays 0.10% for 12 months. Its best rate, 0.10% for 6 months, is -1.29 points above the national average for that term.

Compare CD rates at other banks

Best APY at each bank for a $10,000 deposit, checked Nov 5, 2026. First Horizon's best is 0.10%.

Green rates beat First Horizon's best rate. “rel.” means the rate needs a linked account. Need a bank that isn't listed? Use the CD calculator with any APY.