Best CD Rates in Mississippi, MS

You are viewing rates from banks across Mississippi

Below are the best one-year CD Rates from banks in Mississippi. One-year CDs are usually the most popular term and offer a decent yield without having to lock-up money for an extended period of time. One year CD Rates are generally comparable to or a little higher than their savings and money market counterparts.

MS - December 13, 2024

1 Year CD National Average : 0.55% ^?

Banks	APY	MIN	MILES ^?
Merrick Bank	4.35%	$25,000	-	Learn More
Warning: Early Withdrawal Penalty is 2% of the account balance. Rate History: 4.95% → 4.35% → 4.05% → 4.20% → 4.35%
Frank M \| Jul 3, 2023 A 2% early withdrawal fee on a 1-year CD is almost equally insane as a 270 day one. Read More Reviews (2)
Bank of Whittier, National Association	4.34%	$1,000	-	Learn More Add Review
Seattle Bank	4.30%	$1,000	-	Learn More
Early Withdrawal Penalty is 180 days interest. Rate History: 5.25% → 5.00% → 5.00% → 4.55% → 4.30%
Rob H. \| Nov 21, 2023 A real pain in the *** process to try and get approved! They were unable to match my drivers license photo with my live image after several times trying! Went to limelight bank instead and got approved in ... Read More Reviews (2)
Gateway First Bank	4.30%	$500	-	Learn More
JohnC \| Oct 11, 2020 You probably thought - as did I - that you were looking at a site that belongs to and was the responsibility of Gateway First. After all it includes their headings, selected financial statements, many pag... Read More Reviews (3)
First Foundation Bank	4.25%	$2,500	-	Learn More
Rate History: 5.40% → 5.25% → 4.85% → 4.60% → 4.25%
james \| Nov 18, 2023 bank delayed 1-2days to credit into your account, pay less interest. Read More Reviews (32)
Citizens	4.25%	$5,000	-	Learn More
Rate History: 4.50% → 4.25%
Dana E. \| Mar 20, 2016 Good solid bank. Read More Reviews (1)
Bask Bank, a division of Texas Capital Bank	4.25%	$1,000	-	Learn More Add Review
Early Withdrawal Penalty is 90 days interest. Rate History: 4.90% → 4.60% → 4.50% → 4.40% → 4.25%
smithy1968 \| Apr 20, 2024 Save your tears for another day. Very frustrating. 1-star. Read More
Banesco USA	4.20%	$1,000	-	Learn More
Early Withdrawal Penalty is 90 days interest. Rate History: 5.00% → 5.15% → 5.15% → 4.50% → 4.20%
Dkplan \| Dec 27, 2022 They gave a hard time with their cashier's check. They returned my deposited check that was emitted by them. Could you believe? Read More Reviews (8)
Ivy Bank	4.20%	$1,000	-	Learn More Add Review
Rate History: 5.00% → 4.60% → 4.20%
lrcbob \| Jul 26, 2024 Multiple roadblocks trying to set up a savings account with Ivy Bank and my application was ultimately declined, in spite of my multiple CDs among three banks, stock investments, eleven credit cards, and c... Read More
Capital One, National Association	4.00%	$0	-	Learn More
Rate History: 5.00% → 4.50% → 4.20% → 4.10% → 4.00%
highstream \| Jan 2, 2024 Like others, I've been with Capital One and its predecessor ING Direct since 2007. I've also been getting cheap bank rates on my savings account and didn't realize that there was something better, although... Read More Reviews (14)
Forbright Bank	4.00%	$1,000	-	Learn More
Rate History: 5.30% → 5.10% → 5.30% → 4.25% → 4.00%
lrcbob \| Jul 26, 2024 Multiple roadblocks trying to set up a savings account with Forbright and my application was ultimately declined, in spite of my multiple CDs among three banks, stock investments, eleven credit cards, and ... Read More Reviews (2)
TD Bank, National Association	3.75% 0.05%	$10,000 $10,001	-	Learn More
Rate History: 5.00% → 4.00% → 4.50% → 4.00% → 3.75%
Turonemckinney17@gmail.com \| May 19, 2018 Experience Read More Reviews (1)
Blue Foundry Bank	3.75%	$1,000	-	Learn More Add Review
Rate History: 4.00% → 4.50% → 4.00% → 3.75%
Hingham Institution for Savings	3.54%	$1,000	-	Learn More Add Review
Rate History: 3.85% → 3.64% → 3.54%
Bank of America, National Association	3.51%	$100,000	-	Learn More
Rate History: 0.03% → 3.75% → 4.25% → 3.75% → 3.51%
Treasure \| Jul 24, 2023 BOFA is a den of people thieves camouflaged as bank operatives. There’s a soon to be uncovered carrel of money laundry there. They took all my money and don’t want to release it to me for no particular... Read More Reviews (7)
JPMorgan Chase Bank, National Association	3.25% 3.00%	$100,000 $10,000	-	Learn More
Rate History: 3.00% → 2.00% → 3.50% → 3.25%
Hayley7788d@outlook.com \| Jan 2, 2023 Terrible customer service by investment side. Fees too high , too full of themselves Read More Reviews (18)
Wells Fargo Bank, National Association	3.25% 2.75%	$100,000 $25,000	-	Learn More
Rate History: 2.00% → 1.50% → 3.25%
Thy King \| Feb 6, 2023 after over 100k in transactions through this bank in the course of a year not only did i suffer from fraud but this bank closed my accounts and i have been lliable for all the losses and to top it off with... Read More Reviews (7)
Woodforest National Bank	2.75%	$500	-	Learn More
Rate History: 1.70% → 3.00% → 2.75%
Jabbroadway42 \| Nov 17, 2020 Is notarie services available today at a woodforest on wilkinson blvd Read More Reviews (2)
Citibank, National Association	2.50%	$0	-	Learn More
Rate History: 4.00% → 2.75% → 2.00% → 4.00% → 2.50%
Azoic \| Feb 25, 2022 I joined Citi with a Costco-VISA card. An Accelerate followed, and then a checking account. Costco-VISA is necessary for using a credit card at Costco, otherwise cash is necessary. Accelerate Savings w... Read More Reviews (11)
USAA Federal Savings Bank	2.05%	$1,000	-	Learn More
Rate History: 4.85% → 4.40% → 4.25% → 3.00% → 2.05%
RYAN S \| Nov 28, 2022 While USAA was at one point a great option for all your banking needs, the service has deteriorated so much that I'm currently in the process of changing banks after more than 2 decades. The final straw w... Read More Reviews (2)
Bank of Anguilla	1.11%	$100,000	-	Learn More Add Review
First Financial Bank	0.95%	$100,000	-	Learn More Add Review
First Financial Bank	0.90%	$10,000	-	Learn More Add Review
Planters Bank & Trust Company	0.75%	$2,500	-	Learn More Add Review
Bank of Anguilla	0.75%	$10,000	-	Learn More Add Review
Grand Bank for Savings, FSB	0.75%	$10,000	-	Learn More Add Review
Citizens Bank & Trust Co.	0.70%	$10,000	-	Learn More Add Review
FIRST COMMERCIAL BANK	0.70%	$10,000	-	Learn More Add Review
Oxford University Bank	0.65%	$10,000	-	Learn More Add Review
The Cleveland State Bank	0.65%	$1,000	-	Learn More Add Review
The Jefferson Bank	0.65%	$10,000	-	Learn More Add Review
Delta Bank	0.65%	$100,000	-	Learn More Add Review
Magnolia State Bank	0.60%	$1,000	-	Learn More Add Review
First National Bank of Clarksdale	0.60%	$10,000	-	Learn More Add Review
The Commercial Bank	0.60%	$100,000	-	Learn More Add Review
Bank of Commerce	0.50%	$10,000	-	Learn More Add Review
The Bank of Holly Springs	0.50%	$10,000	-	Learn More Add Review
Merchants & Farmers Bank	0.50%	$500	-	Learn More
Tommy noe \| Oct 23, 2022 Unity bank of ms absolutely sucks...my paycheck is deposited on Friday butt they hold it till Monday never. Had that with any other bank.... Read More Reviews (1)
United Mississippi Bank	0.50%	$10,000	-	Learn More Add Review
Home Bank, National Association	0.50%	$10,000	-	Learn More Add Review
Merchants & Marine Bank	0.50%	$10,000	-	Learn More Add Review
Concordia Bank & Trust Company	0.50%	$10,000	-	Learn More Add Review
Delta Bank	0.50%	$10,000	-	Learn More Add Review
Bank of Franklin	0.45%	$10,000	-	Learn More Add Review
First Federal Savings and Loan Association	0.45%	$100,000	-	Learn More Add Review
Bank of Okolona	0.40%	$10,000	-	Learn More Add Review
The Peoples Bank	0.40%	$100,000	-	Learn More Add Review
Commerce Bank	0.40%	$10,000	-	Learn More Add Review
First Security Bank	0.35%	$100,000	-	Learn More Add Review
Guaranty Bank and Trust Company	0.35%	$100,000	-	Learn More Add Review
Southern Bancorp Bank	0.35%	$10,000	-	Learn More Add Review
CB&S Bank, Inc.	0.35%	$10,000	-	Learn More
Terry \| Jun 7, 2018 Fabulous bank Read More Reviews (1)
BNA Bank	0.35%	$10,000	-	Learn More Add Review
First Bank	0.35%	$10,000	-	Learn More Add Review
Bank of Kilmichael	0.35%	$10,000	-	Learn More
DPB3633 \| Dec 17, 2021 What is a bank ACH number? Read More Reviews (1)
Bank of Winona	0.35%	$10,000	-	Learn More Add Review
Merchants and Planters Bank	0.35%	$100,000	-	Learn More Add Review
First State Bank	0.35%	$100,000	-	Learn More Add Review
First Federal Savings and Loan Association	0.35%	$10,000	-	Learn More Add Review
The Peoples Bank, Biloxi, Mississippi	0.32%	$100,000	-	Learn More Add Review
Community Spirit Bank	0.30%	$10,000	-	Learn More Add Review
Guaranty Bank and Trust Company	0.30%	$10,000	-	Learn More Add Review
FSNB, National Association	0.30%	$10,000	-	Learn More Add Review
Farmers and Merchants Bank	0.30%	$10,000	-	Learn More Add Review
The Peoples Bank	0.30%	$10,000	-	Learn More Add Review
The Citizens Bank of Philadelphia, Mississippi	0.30%	$10,000	-	Learn More Add Review
Merchants and Planters Bank	0.30%	$10,000	-	Learn More Add Review
First State Bank	0.30%	$100,000	-	Learn More Add Review
Pike National Bank	0.30%	$500	-	Learn More Add Review
The Peoples Bank, Biloxi, Mississippi	0.29%	$10,000	-	Learn More Add Review
Bank of Brookhaven	0.28%	$10,000	-	Learn More Add Review
Bank of Yazoo City	0.25%	$500	-	Learn More Add Review
Renasant Bank	0.25%	$10,000	-	Learn More
rand \| Mar 25, 2019 CDs shown are not offered in Knoxville area Read More Reviews (1)
Origin Bank	0.25%	$10,000	-	Learn More
Ralph \| Nov 26, 2019 They might be covered but they do little to safeguard your money. I was hacked, the hackers posed as bank employees accessed my account and made payments to fraudulent accounts. I had to explain to them wh... Read More Reviews (1)
Paragon Bank	0.25%	$10,000	-	Learn More Add Review
Amory Federal Savings and Loan Association	0.25%	$10,000	-	Learn More
Juanita Orsborn \| Mar 28, 2015 Can we make the mortgage payment on line? Read More Reviews (1)
BankFirst Financial Services	0.25%	$10,000	-	Learn More Add Review
The Commercial Bank	0.25%	$10,000	-	Learn More Add Review
The Bank of Forest	0.25%	$10,000	-	Learn More Add Review
Great Southern Bank	0.25%	$10,000	-	Learn More Add Review
Peoples Bank Restrictions	0.25%	$10,000	-	Learn More Add Review
First State Bank	0.25%	$10,000	-	Learn More Add Review
Citizens Bank	0.25%	$1,000	-	Learn More Add Review
First National Bank of Picayune	0.25%	$10,000	-	Learn More Add Review
Richton Bank & Trust Company	0.25%	$10,000	-	Learn More Add Review
Covington County Bank	0.20%	$10,000	-	Learn More Add Review
BankPlus	0.20%	$1,000	-	Learn More Add Review
First Security Bank	0.20%	$10,000	-	Learn More Add Review
Community Bank of Mississippi	0.20%	$10,000	-	Learn More Add Review
The First, A National Banking Association	0.20%	$10,000	-	Learn More Add Review
The Citizens National Bank of Meridian	0.20%	$10,000	-	Learn More Add Review
Holmes County Bank & Trust Company	0.20%	$10,000	-	Learn More Add Review
Century Bank	0.20%	$10,000	-	Learn More Add Review
First Southern Bank	0.18%	$10,000	-	Learn More Add Review
Trustmark National Bank	0.15%	$10,000	-	Learn More
trbf15 \| Nov 4, 2020 Transfer cds to checking. Trustmark Madison ok, Not, 6 figures deposit lost for 6 days they say due to scanner error. Then when we go to branch office mgr. all huffy tht error upset because of their mist... Read More Reviews (1)
PriorityOne Bank	0.15%	$10,000	-	Learn More
Archie \| Feb 8, 2017 25000 Read More Reviews (1)
KeyBank National Association	0.05%	$2,500	-	Learn More
Seeko \| Mar 28, 2023 On line banking gives a confirmation number when paying bills. But it doesn’t confirm that the bill will be paid only that they have the information. Ridiculous. Read More Reviews (2)
U.S. Bank National Association	0.05%	$500	-	Learn More
Ugg \| Jun 12, 2023 US Bank reported me to dult Protective Services because my husband is 85 and I am63. He got sick and went into a nursing hime for 3 months. My husband always handled the financial affairs. I had to take ov... Read More Reviews (2)
Regions Bank	0.03% 0.01%	$2,501 $2,500	-	Learn More Add Review
PNC Bank, National Association	0.03%	$25,000	-	Learn More
GAM \| May 18, 2019 Had checking and savings for years when living in Philly. Went into PNC 2.35 APY high yield savings. They have thus far maintained rate. Easy web site and great customer phone service. Still maintain check... Read More Reviews (1)

All rates listed are Annual Percentage Yield (APY). The Min listed is the minimum deposit account balance required to obtain the rate listed.

See rates for Online Banks →

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

PRODUCT INFORMATION

Certificates of Deposit - Branch Banks 2024

A certificate of deposit (CD) is a savings product offered by a bank in which a depositor (someone who has money to put into the bank) agrees to commit a certain amount of money for a set period of time, in return for a fixed rate of interest. While it is possible to withdraw the money earlier (breaking the CD) doing so comes with high interest penalties and is generally not advised.

CD Terms

The time period in which money is held in a certificate of deposit is called the term. Terms can run for any period of time but in general, banks use the following terms: 3 months, 6 months, 12 months, 18 months, 24 months, 36 months, 48 months, and 60 months. Terms can either be described in months or years. The term that is right for each individual depends on their goals, the rate they which to earn, and their future plans for the money. In general, if rates are going up, savers should avoid putting the money into a long-term CD. If rates are going down, then the opposite is true, and savers should try and lock into a good rate for an extended period of time. In stable rate environments, CDs that are over 12 months in length can enable depositors to pick up a slight premium over savings accounts.

CD Risk

Almost all banks provide CDs to their consumers and they have been a mainstay of savers and retirement accounts for years. If FDIC insured, the CD represents a safe place to put money that will generate a predictable return.

Inflation is the main risk of a CD. Inflation can often run higher than the inflation adjusted return on a CD, thus eroding the value of the money stored in the CD over time. This is especially true for longer-term CDs opened in low interest rate environments.

How Interest is Paid

The method of distributing the interest earned on a CD varies by bank. Some banks pay interest monthly, other semi-annually, and others at the maturity of the CD. One advantage of a branch-based bank is that a depositor can walk into the bank and receive their interest that day in the form of a check. Online banks tend to use electronic funds transfer or check via mail.

Interest Rate

Since the financial crisis in 2008, CDs have become less popular because the yields they offer have dropped precipitously, making it difficult for retirees and savers to generate sufficient income. But investors looking for a place to stash some cash might still find CDs an attractive place for some of their savings. Online banks generally offer better rates on six month CDs but the accounts must be opened online. View online bank rates.

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.

ADVANTAGES AND DISADVANTAGES

The advantages of a Certificate of Deposit from a branch 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 branch-based CDs are:

The deposited money is committed for a certain period of time and can only be withdrawn with substantial penalties.
One year CDs from branch banks often pay less interest than from online banks. Please see those rates here.

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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Mississippi CD Rates

PRODUCT INFORMATION

Certificates of Deposit - Branch Banks 2024

CD Terms

CD Risk

How Interest is Paid

Interest Rate

ADVANTAGES AND DISADVANTAGES

The advantages of a Certificate of Deposit from a branch bank are:

The disadvantages of branch-based CDs are:

SAVINGS & CD CALCULATOR

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