Virtualbank, a division of First Horizon Bank

Deposit Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD 3.87% 5.38% →
2-Year CD 3.77% 4.95% →
3-Year CD 3.77% 5.00% →
4-Year CD 3.67% 4.55% →
5-Year CD 3.51% 4.55% →

2024 Overview

General Online Bank Information

Money that you deposit is held by First Horizon Bank. First Horizon Bank is an FDIC insured institution founded in 1864. It has approximately $81.50 billion in assets.

Deposits FDIC Insured Yes
Insured Bank First Horizon Bank
FDIC Certificate # 4977
Date Established 1864
Assets $81.5 billion
Loans $61.37 billion
Deposits $66.65 billion
Capital $8.79 billion

For a more detailed analysis of First Horizon Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - July 24, 2024

Online CD Rates
Online CD Rates APY MIN MAX
12-Month CD
3.87% $10,000 - Learn More
18 Month CD
3.87% $10,000 - Learn More
2 Year CD
3.77% $10,000 - Learn More
3 Year CD
3.77% $10,000 - Learn More
4 Year CD
3.67% $10,000 - Learn More
5 Year CD
3.51% $10,000 - Learn More

Bank Offers

VirtualBank Raises EMoney Market to 2.36% APY
Dec 21, 2018

VirtualBank's eMoney Market rate has been raised to 2.36% APY. 




Climate Policy and Initiatives

Virtualbank, a division of First Horizon Bank is encouraged to provide us with this information. When we receive this information from the online bank, we will provide it here.


Virtualbank, a division of First Horizon Bank Articles

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Customer Reviews for Virtualbank, a division of First Horizon Bank (15)


  • December 22, 2018 | | Replies 1

    I know VirtualBank has monitored these comments in the past and answered here. This is important because they do not respond to questions submitted through the website. I am trying to find out the penalties if I were to break a 1 year or a 2 year CD early??? Your website makes it impossible to know before I have opened and funded an account??!!!

    Jeff | Dec 26, 2018

    I think it is 1% on 1-year CDs and 2% on anything between 1 and 4 years. Not great, but not the worst I have seen.

  • November 3, 2018 |

    Online CDs 12 Month Rates

    Was reluctant to apply for an account due to the reviews but the rate is good so I gave them a try. It went smooth and account opened with no hassle like some reviewers had. Wasn’t the best, but it was not bad

  • August 20, 2018

    Virtually impossible to deal with. They don't answer requests & cannot access account online. Florida branch extremely rude. Never do they send any info re current balance. Had extreme difficulty in setting up beneficiaries. Would never use this "bank" again . Avoid it @ your own risk. Had to go to Iberia Bank (the owner) to get any information or problem(s) resolved.

  • June 21, 2018 |

    Spartan website, not up to the competition, unpredictably inaccessible. Primitive e-messaging system accepts sent messages, but doesn't retain them. Doesn't matter actually since so far all ignored. CSR's willing, but information often unreliable. No weekend telephone support. Quick ACH, then annoying 3-day hold.

    Uncomfortable, moving on.

  • June 14, 2018 |

    Had to apply three times to open an account. Have done a lot of online banking with little difficulty. The customer service at this bank is terrible. They subcontract to a phone bank to handle new aps!! Finally, got hold of an IT person, who confirmed many complaints. Said to contact him directly, if I needed assistance!
    With the Fed increasing rates, there will be equal or better places to park your funds.


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