Mississippi

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Columbus, Mississippi CD Rates – 6-Month 2020

Below are the best six-month CD Rates from banks with branches in Columbus, Mississippi . Six month CDs are considered short-term cds and the yield is comparable to savings and money market rates. You may want to consider opening a 6 month CD if you are concerned about savings rates dropping and don’t mind locking up your money for six months.

Columbus, MS - April 2, 2020

6 Month CD National Average : 0.44% ?

Advertiser Disclosure
Banks APY MIN MILES ?
1.25% $1,000 5226.89
1.25% $500 5257.74
1.25% $5,000 5242.68
1.15% $1,000 5275.06
1.10% $500 5267.06
1.05% $100,000 5325.33
1.00% $1,000 5207.40
0.90% $100,000 5304.37
0.85% $2,500 5331.67
0.85% $1,000 5337.99
0.85% $1,000 5325.33
0.80% $500 5304.37
0.80% $1,000 5258.69
0.75% $1,000 5140.75
0.70% $1,000 5343.75
0.65% $1,000 5350.56
0.60% $500 5314.46
0.60% $100,000 5217.84
0.60% $500 5327.44
0.60% $500 5347.99
0.55% $1,000 5334.34
0.53% $1,000 5257.98
0.50% $1,000 5303.77
0.50% $500 5294.72
0.50% $2,500 5294.69
0.50% $1,000 5222.33
0.50% $100,000 5334.65
0.50% $500 5245.10
0.45% $500 5334.65
0.45% $100,000 5341.92
0.45% $2,500 5243.11
0.45% $2,500 5312.55
0.40% $100,000 5289.85
0.40% $1,000 5314.78
0.40% $100,000 5159.78
0.40% $100,000 5311.68
0.40% $1,000 5314.84
0.40% $2,500 5311.30
0.35% $10,000 5305.61
0.35% $100 5285.74
0.35% $1,000 5228.15
0.35% $90,000 5251.33
0.35% $10,000 5159.78
0.35% $2,500 5341.92
0.30% $100,000 5141.09
0.30% $1,000 5251.33
0.30% $500 5305.37
0.30% $500 5289.85
0.30% $2,500 5335.16
0.30% $1,000 5204.04
0.30% $1,000 5258.80
0.30% $1,000 5292.83
0.25% $1,000 5141.09
0.25% $1,000 5275.96
0.25% $1,000 5187.74
0.25% $1,000 5311.68
0.25% $1,000 5204.04
0.25% $1,000 5217.84
0.25% $1,000 5289.01
0.25% $1,000 5279.37
0.25% $10,000 5248.19
0.25% $50,000 5315.75
0.25% $1,000 5158.89
0.25% $1,000 5242.66
0.25% $500 5267.06
0.20% $1,000 5225.94
0.20% $10,000 5315.75
0.20% $1,000 5200.05
0.20% $1,000 5285.72
0.20% $500 5274.59
0.20% $500 5339.82
0.20% $1,000 5353.41
0.20% $1,000 5282.19
0.20% $100,000 5285.50
Peoples Bank
Restrictions
0.20% $1,000 5250.27
0.20% $1,000 5226.62
0.20% $10,000 5268.18
0.20% $2,500 5221.83
0.16% $1,000 5331.82
0.15% $1,000 5285.50
0.15% $1,000 5167.15
0.15% $100,000 5163.35
0.15% $2,500 5205.91
0.15% $1,000 5205.65
0.15% $1,000 5303.17
0.14% $2,000 -
0.10% $1,000 5275.23
0.10% $1,000 5141.14
0.10% $1,000 5163.35
0.10% $10,000 5141.01
0.10% $500 5302.29
0.10% $1,000 5201.92
0.10% $1,000 5226.01
0.06% $1,000 5334.44
0.05% $500 5168.71
0.05% $500 5305.62
All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

PRODUCT INFORMATION

6 Month Branch Certificates of Deposit 2020

Six month certificates of deposit (CDs) provide depositors with a short term vehicle for keeping money safe and earning interest. With a six month CD, depositors agree to leave their money in the account for six months in return for a fixed rate of interest over this period. While it is possible to withdraw the money earlier (breaking the CD) doing so comes with high interest penalties and is generally not advised.

In general, almost all brick-and-mortar banks provide CDs to their consumers. Opening one involves taking a trip to the branch although some banks allow CDs to be opened via the phone or online. In general, local banks discourage depositors from out-of-state to open accounts, although this is not a hard rule and if you see an attractive rate from a bank in another state, it is worth investigating the account opening policy. Online banks generally offer better rates on six month CDs but the accounts must be opened online. View online bank rates.

The advantages of six month CDs opened via a traditional bank are:

  • Funds deposited in FDIC banks and within insurance limits are protected by the full faith and credit of the United States government.
  • CDs provide a predictable, set rate of return.
  • Depositors can walk into a local branch and open the CD and fund it that day. Question and inquiries can also be handles in-person.

The disadvantages of six month CDs are:

  • Six month CDs currently pay interest rates significantly below many online and branch-based savings and money market accounts.
  • The deposited money is committed for six months.
  • Six month CDs from traditional banks often pay less interest than from online banks.

When interest rates are falling, it is often preferable to lock in high rates for an extended period of time with a longer-term CD. When interest rates are rising, depositors should avoid committing their money for long periods of time. To see interest rate trends, visit the BestCashCow rate analysis page.

All banks listed on BestCashCow are FDIC insured; BestCashCow.com strongly recommends that you stay within FDIC insurance limits and that if you are unsure of how the limits affect you, please visit the FDIC website.

To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.

SAVINGS & CD CALCULATOR

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