Best Local Bank Savings and Money Market Rates in Mississippi, MS July 3, 2025

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If you have your savings dollars in a big bank or a bank with low savings rates, then you are losing money. We've found FDIC insured banks that will pay you more. Take a few minutes to explore the options below and see how you can boost your savings by more than 6X the national average rate. There is competition for your money. Take advantage of it!

MS - July 3, 2025

Savings Account National Average Rate: 0.45% ^?

Banks	APY	MIN
Citibank, National Association	4.35% 0.20%	$0 $1	Learn More
Promotional rate for 3 months up to $11,000. Requires $25,000 in new deposits within 10 days of registration. After 3 month promotional period, rate reverts to between 0.03% and 0.12%. Rate History: 5.00% → 4.75% → 5.00% → 4.50% → 4.35%
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 (22)
Banesco Usa	4.25%	$300	Learn More
Rate History: 4.50% → 4.40% → 4.25% → 4.00% → 4.25%
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)
North American Savings Bank	4.10%	$10,000	Learn More
Rate History: 4.90% → 4.75% → 4.55% → 4.20% → 4.10%
A Terkowitz \| Feb 15, 2024 I have always had great experiences with short-term CDs from this bank. No delays. Read More Reviews (3)
Banesco Usa	4.00%	$300	Learn More
Rate History: 1.35% → 5.25% → 4.75% → 4.50% → 4.00%
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)
Citizens Bank, National Association	3.70%	$0	Learn More
Rate History: 4.50% → 4.15% → 3.90% → 3.70%
Dana E. \| Mar 20, 2016 Good solid bank. Read More Reviews (2)
Td Bank, National Association	3.70% 2.25%	$100,000 $50,000	Learn More
Rate History: 4.00% → 3.70%
Turonemckinney17@gmail.com \| May 19, 2018 Experience Read More Reviews (1)
Capital One, National Association	3.60%	$1	Learn More
Rate History: 4.10% → 4.00% → 3.90% → 3.80% → 3.60%
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 (16)
Regions Bank Bassfield Branch	3.50% 1.50%	$10,000 $0	Learn More Add Review
U.s. Bank National Association	3.50% 0.05%	$25,000 $1	Learn More
Rate History: 4.10% → 3.50%
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 (6)
Gateway First Bank	3.40%	$1,000	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)
Woodforest National Bank 8190 Brookhaven Mississippi Walmart Branch	3.25% 2.25% 1.75% 1.25% 0.35%	$500,000 $250,000 $100,000 $1 $0	Learn More
Rate History: 4.00% → 3.75% → 3.50% → 3.25%
Jabbroadway42 \| Nov 17, 2020 Is notarie services available today at a woodforest on wilkinson blvd Read More Reviews (2)
Hancock Whitney Bank Stennis Satellite Branch	3.00% 2.50%	$25,000 $0	Learn More
MLB \| Aug 29, 2019 Since Hancock Bank merged with Whitney Bank, it’s no longer the local bank it once was. Fees, gotcha gimmicks, underhanded surprises... It’s nothing more than another big, ugly, corporate bank looking ... Read More Reviews (1)
Citizens Bank, National Association	3.00% 2.75%	$250,000 $25,000	Learn More
Rate History: 1.00% → 3.00%
Dana E. \| Mar 20, 2016 Good solid bank. Read More Reviews (2)
Bank Of Whittier, National Association	2.60%	$250	Learn More Add Review
Capital One, National Association	2.50%	$1	Learn More
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 (16)
M.y. Safra Bank, Fsb	2.00%	$5,000	Learn More
Richard \| Jul 1, 2022 Very easy opening process and wonderful staff. Read More Reviews (6)
Gateway First Bank	1.50%	$10	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)
Usaa Federal Savings Bank	1.10% 0.01%	$500,000 $1	Learn More
Rate History: 1.50% → 1.45% → 1.10%
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)
Wells Fargo Bank, National Association Biloxi Main Branch	1.01% 0.01%	$100,000 $1	Learn More
Rate History: 1.01% → 1.02% → 1.01%
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)
First Financial Bank Senatobia Branch	0.55%	$10,000	Learn More Add Review
Amory Federal Savings And Loan Association Amory Federal Savings And Loan Assoc Branch	0.50%	$2,500	Learn More
Juanita Orsborn \| Mar 28, 2015 Can we make the mortgage payment on line? Read More Reviews (1)
The Jefferson Bank Rosedale Branch	0.50%	$10,000	Learn More Add Review
Woodforest National Bank 8190 Brookhaven Mississippi Walmart Branch	0.40% 0.25%	$10,000 $0	Learn More
Rate History: 1.00% → 0.50% → 0.40%
Jabbroadway42 \| Nov 17, 2020 Is notarie services available today at a woodforest on wilkinson blvd Read More Reviews (2)
The Peoples Bank Walnut Branch	0.40%	$2,500	Learn More Add Review
Grand Bank For Savings, Fsb 226 Highway 42 East Branch	0.40%	$10,000	Learn More Add Review
Magnolia State Bank Taylorsville Branch	0.35%	$10,000	Learn More Add Review
Merchants & Farmers Bank Ashland Branch	0.35%	$200	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)
The Bank Of Holly Springs South Branch	0.35%	$2,500	Learn More Add Review
Amory Federal Savings And Loan Association Amory Federal Savings And Loan Assoc Branch	0.35%	$2,500	Learn More
Juanita Orsborn \| Mar 28, 2015 Can we make the mortgage payment on line? Read More Reviews (1)
The Jefferson Bank Rosedale Branch	0.35%	$2,500	Learn More Add Review
Peoples Bank Collins Branch Restrictions	0.31%	$25,000	Learn More Add Review
Planters Bank & Trust Company Southaven Branch	0.30%	$1,000	Learn More Add Review
The Bank Of Holly Springs South Branch	0.30%	$2,500	Learn More Add Review
First Financial Bank Senatobia Branch	0.30%	$2,500	Learn More Add Review
Keybank National Association	0.25%	$5,000	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	0.25%	$25,000	Learn More
Rate History: 4.25% → 4.16% → 4.25% → 3.75% → 0.25%
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 (6)
First Federal Savings And Loan Association Hurley Branch	0.25%	$10,000	Learn More Add Review
Magnolia State Bank Taylorsville Branch	0.25%	$2,500	Learn More Add Review
Planters Bank & Trust Company Southaven Branch	0.25%	$1	Learn More Add Review
First Financial Bank Senatobia Branch	0.25%	$2,500	Learn More Add Review
United Mississippi Bank Gloster Branch	0.25%	$2,500	Learn More Add Review
Bank Of Anguilla Drive-In Teller's Window Branch	0.25%	$10,000	Learn More Add Review
Bank Of Winona Bank Of Winona Branch	0.25%	$2,500	Learn More Add Review
Merchants And Planters Bank Merchants And Planters Bank Branch	0.25%	$25,000	Learn More Add Review
Bank Of Franklin Bank Of Franklin Branch	0.25%	$25,000	Learn More Add Review
Grand Bank For Savings, Fsb 226 Highway 42 East Branch	0.25%	$2,500	Learn More Add Review
First National Bank In Frankfort	0.20%	$0	Learn More Add Review
Bank Of Commerce Park Avenue Branch	0.20%	$2,500	Learn More Add Review
Citizens Bank & Trust Co. Walls Branch	0.20%	$10,000	Learn More Add Review
Cb&s Bank, Inc. 12-25 Industrial Branch	0.20%	$2,500	Learn More
Terry \| Jun 7, 2018 Fabulous bank Read More Reviews (1)
The Cleveland State Bank Grenada Branch	0.20%	$100	Learn More Add Review
Farmers And Merchants Bank Corinth Branch	0.20%	$25,000	Learn More Add Review
Bna Bank Mccullough Branch	0.20%	$2,500	Learn More Add Review
Bank Of Anguilla Drive-In Teller's Window Branch	0.20%	$2,500	Learn More Add Review
Bank Of Kilmichael Winona Branch	0.20%	$2,500	Learn More
DPB3633 \| Dec 17, 2021 What is a bank ACH number? Read More Reviews (1)
Bank Of Winona Bank Of Winona Branch	0.20%	$2,500	Learn More Add Review
Home Bank, National Association Fatherland Branch	0.20%	$2,500	Learn More Add Review
Delta Bank Delta Bank Natchez Branch	0.20%	$10,000	Learn More Add Review
Home Bank, National Association Fatherland Branch	0.18%	$25,000	Learn More Add Review
Pike National Bank South Broadway Branch	0.15%	$20,000	Learn More Add Review
Citizens Bank & Trust Co. Walls Branch	0.15%	$2,500	Learn More Add Review
The Cleveland State Bank Grenada Branch	0.15%	$2,500	Learn More Add Review
Farmers And Merchants Bank Corinth Branch	0.15%	$10,000	Learn More Add Review
Bna Bank Mccullough Branch	0.15%	$25,000	Learn More Add Review
Commerce Bank Commerce Bank Branch	0.15%	$25,000	Learn More Add Review
The Commercial Bank Meridian Branch	0.15%	$2,500	Learn More Add Review
Merchants And Planters Bank Merchants And Planters Bank Branch	0.15%	$2,500	Learn More Add Review
Peoples Bank Collins Branch Restrictions	0.15%	$2,500	Learn More Add Review
Citizens Bank Citizens Bank Branch	0.15%	$1,000	Learn More Add Review
Bank Of Franklin Bank Of Franklin Branch	0.15%	$2,500	Learn More Add Review
Home Bank, National Association Fatherland Branch	0.14%	$10,000	Learn More Add Review
Bank Of Okolona Mantee Branch	0.13%	$10,000	Learn More Add Review
Bank Of Brookhaven Bank Of Brookhaven Branch	0.13%	$2,500	Learn More Add Review
Bank Of Yazoo City Lintonia Branch	0.12%	$25,000	Learn More Add Review
Bank Of Okolona Mantee Branch	0.11%	$2,500	Learn More Add Review
Peoples Bank Collins Branch Restrictions	0.11%	$2,500	Learn More Add Review
Pike National Bank South Broadway Branch	0.10%	$1,000	Learn More Add Review
Bank Of Commerce Park Avenue Branch	0.10%	$2,500	Learn More Add Review
First National Bank Of Clarksdale First National Bank Of Clarksdale Branch	0.10%	$2,500	Learn More Add Review
Southern Bancorp Bank Mound Bayou Branch	0.10%	$10,000	Learn More Add Review
The Citizens National Bank Of Meridian College Park Express Bank Branch	0.10%	$25,000	Learn More Add Review
Cb&s Bank, Inc. 12-25 Industrial Branch	0.10%	$2,500	Learn More
Terry \| Jun 7, 2018 Fabulous bank Read More Reviews (1)
Origin Bank Origin Bank Branch	0.10%	$2,500	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)
Fsnb, National Association Olive Branch	0.10%	$2,500	Learn More Add Review
Farmers And Merchants Bank Corinth Branch	0.10%	$2,500	Learn More Add Review
Bank Of Okolona Mantee Branch	0.10%	$2,500	Learn More Add Review
The Peoples Bank Walnut Branch	0.10%	$2,500	Learn More Add Review
Commerce Bank Commerce Bank Branch	0.10%	$10,000	Learn More Add Review
United Mississippi Bank Gloster Branch	0.10%	$2,500	Learn More Add Review
Bankfirst Financial Services Scanlan Street Drive-In Branch	0.10%	$25,000	Learn More Add Review
Bank Of Kilmichael Winona Branch	0.10%	$2,500	Learn More
DPB3633 \| Dec 17, 2021 What is a bank ACH number? Read More Reviews (1)
The Citizens Bank Of Philadelphia, Mississippi East Side Branch	0.10%	$2,500	Learn More Add Review
The Bank Of Forest Bank Of Walnut Grove Branch	0.10%	$2,500	Learn More Add Review
Great Southern Bank Pachuta Branch	0.10%	$10,000	Learn More Add Review
First State Bank South Court Street Branch	0.10%	$2,500	Learn More Add Review
Merchants & Marine Bank Wade Branch	0.10%	$2,500	Learn More Add Review
Citizens Bank Citizens Bank Branch	0.10%	$100	Learn More Add Review
Concordia Bank & Trust Company North Natchez Branch	0.10%	$2,500	Learn More Add Review
Delta Bank Delta Bank Natchez Branch	0.10%	$2,500	Learn More Add Review
Century Bank Escatawpa Branch	0.10%	$2,500	Learn More Add Review
First National Bank Of Picayune Picayune-South Branch	0.10%	$2,500	Learn More Add Review
Richton Bank & Trust Company North Richton Branch	0.10%	$2,500	Learn More Add Review
First Security Bank Hernando Branch	0.08%	$2,500	Learn More Add Review
Trustmark National Bank Oxford Branch	0.08%	$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)
The First, A National Banking Association Bay 90 Branch	0.08%	$10,000	Learn More Add Review
Bank Of Yazoo City Lintonia Branch	0.07%	$1,000	Learn More Add Review
Merchants & Marine Bank Wade Branch	0.07%	$2,500	Learn More Add Review
Guaranty Bank And Trust Company Greenville South Shop. Ctr. Branch	0.07%	$25,000	Learn More Add Review
The Peoples Bank, Biloxi, Mississippi Ocean Springs Branch	0.06%	$2,500	Learn More Add Review
Hancock Whitney Bank Stennis Satellite Branch	0.05%	$2,499	Learn More
MLB \| Aug 29, 2019 Since Hancock Bank merged with Whitney Bank, it’s no longer the local bank it once was. Fees, gotcha gimmicks, underhanded surprises... It’s nothing more than another big, ugly, corporate bank looking ... Read More Reviews (1)
Bankplus West Branch	0.05%	$100	Learn More Add Review
First Federal Savings And Loan Association Hurley Branch	0.05%	$2,500	Learn More Add Review
Pike National Bank South Broadway Branch	0.05%	$1	Learn More Add Review
Bank Of Yazoo City Lintonia Branch	0.05%	$100	Learn More Add Review
Community Spirit Bank Belmont Branch	0.05%	$2,500	Learn More Add Review
First Security Bank Hernando Branch	0.05%	$2,500	Learn More Add Review
Community Bank Of Mississippi Leakesville Branch	0.05%	$2,500	Learn More Add Review
Southern Bancorp Bank Mound Bayou Branch	0.05%	$2,500	Learn More Add Review
The Citizens National Bank Of Meridian College Park Express Bank Branch	0.05%	$10,000	Learn More Add Review
First Commercial Bank Desot County Bank Branch	0.05%	$2,500	Learn More Add Review
Paragon Bank	0.05%	$2,500	Learn More Add Review
Farmers And Merchants Bank Corinth Branch	0.05%	$2,500	Learn More Add Review
Commerce Bank Commerce Bank Branch	0.05%	$2,500	Learn More Add Review
Bankfirst Financial Services Scanlan Street Drive-In Branch	0.05%	$2,500	Learn More Add Review
First Bank Summit Branch	0.05%	$25,000	Learn More Add Review
The Citizens Bank Of Philadelphia, Mississippi East Side Branch	0.05%	$2,500	Learn More Add Review
Great Southern Bank Pachuta Branch	0.05%	$2,500	Learn More Add Review
Merchants And Planters Bank Merchants And Planters Bank Branch	0.05%	$2,500	Learn More Add Review
Priorityone Bank Hattiesburg Branch	0.05%	$2,500	Learn More
Archie \| Feb 8, 2017 25000 Read More Reviews (1)
Covington County Bank Covington County Bank Branch	0.05%	$2,500	Learn More Add Review
First State Bank South Court Street Branch	0.05%	$2,500	Learn More Add Review
Delta Bank Delta Bank Natchez Branch	0.05%	$2,500	Learn More Add Review
Richton Bank & Trust Company North Richton Branch	0.05%	$2,500	Learn More Add Review
Bank Of America, National Association	0.04%	$2,500	Learn More
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 (11)
Guaranty Bank And Trust Company Greenville South Shop. Ctr. Branch	0.04%	$2,500	Learn More Add Review
Renasant Bank Hazlehurst, Ms Branch	0.03%	$2,500	Learn More
rand \| Mar 25, 2019 CDs shown are not offered in Knoxville area Read More Reviews (1)
Trustmark National Bank Oxford Branch	0.03%	$2,500	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)
First Bank Summit Branch	0.03%	$2,500	Learn More Add Review
First Southern Bank Carriere Office Branch	0.03%	$25,000	Learn More Add Review
Pnc Bank, National Association	0.02%	$50,000	Learn More
Rate History: 1.00% → 0.05% → 0.02%
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)
Jpmorgan Chase Bank, National Association	0.02%	$25,000	Learn More
Hayley7788d@outlook.com \| Jan 2, 2023 Terrible customer service by investment side. Fees too high , too full of themselves Read More Reviews (25)
Community Spirit Bank Belmont Branch	0.02%	$100	Learn More Add Review
Guaranty Bank And Trust Company Greenville South Shop. Ctr. Branch	0.02%	$2,500	Learn More Add Review
First Bank Summit Branch	0.02%	$2,500	Learn More Add Review
The First, A National Banking Association Bay 90 Branch	0.02%	$2,500	Learn More Add Review
Pnc Bank, National Association	0.01%	$2,500	Learn More
Rate History: 0.03% → 0.01%
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)
Regions Bank Bassfield Branch	0.01%	$0	Learn More Add Review
Keybank National Association	0.01%	$1	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)
The Citizens National Bank Of Meridian College Park Express Bank Branch	0.01%	$2,500	Learn More Add Review
Holmes County Bank & Trust Company Goodman Branch	0.01%	$2,500	Learn More Add Review
First Southern Bank Carriere Office Branch	0.01%	$2,500	Learn More Add Review

All rates listed are Annual Percentage Yield (APY). The APY rate in a savings account or money market account is a variable rate that is subject to change at any point. The Min listed is the minimum deposit account balance required to obtain the rate listed.

See rates for Credit Unions →

Branches Info across Mississippi

Branch	Street	City	State
Regions Bank Bassfield Branch	219 General Robert E. Blount Drive	Bassfield	MS
Woodforest National Bank 8190 Brookhaven Mississippi Walmart Branch	960 Brookway Blvd	Brookhaven	MS
Hancock Whitney Bank Stennis Satellite Branch	1100 Stennis Space Center	Bay Saint Louis	MS
Hancock Whitney Bank Stennis Satellite Branch	1100 Stennis Space Center	Bay Saint Louis	MS
Woodforest National Bank 8190 Brookhaven Mississippi Walmart Branch	960 Brookway Blvd	Brookhaven	MS
Woodforest National Bank 8190 Brookhaven Mississippi Walmart Branch	960 Brookway Blvd	Brookhaven	MS
Regions Bank Bassfield Branch	219 General Robert E. Blount Drive	Bassfield	MS
Woodforest National Bank 8190 Brookhaven Mississippi Walmart Branch	960 Brookway Blvd	Brookhaven	MS
Wells Fargo Bank, National Association Biloxi Main Branch	854 Howard Avenue	Biloxi	MS
First Financial Bank Senatobia Branch	700 N Robinson St	Senatobia	MS
Amory Federal Savings and Loan Association Amory Federal Savings And Loan Assoc Branch	213 2nd Ave N	Amory	MS
The Jefferson Bank Rosedale Branch	600 Main Street	Rosedale	MS
Woodforest National Bank 8190 Brookhaven Mississippi Walmart Branch	960 Brookway Blvd	Brookhaven	MS
The Peoples Bank Walnut Branch	Highway 15 North	Walnut	MS
Grand Bank for Savings, FSB 226 Highway 42 East Branch	226 Highway 42 East	Petal	MS
Woodforest National Bank 8190 Brookhaven Mississippi Walmart Branch	960 Brookway Blvd	Brookhaven	MS
Magnolia State Bank Taylorsville Branch	748 Highway 28 East	Taylorsville	MS
Unity Bank of Mississippi Ashland Branch	Route 2 And Highway 5	Ashland	MS
Bank of Holly Springs South Branch	970 Highway 7 South	Holly Springs	MS
Amory Federal Savings and Loan Association Amory Federal Savings And Loan Assoc Branch	213 2nd Ave N	Amory	MS
The Jefferson Bank Rosedale Branch	600 Main Street	Rosedale	MS
Peoples Bank Collins Branch	710 Main Street	Collins	MS
Planters Bank & Trust Company Southaven Branch	232 Goodman Road	Southaven	MS
Bank of Holly Springs South Branch	970 Highway 7 South	Holly Springs	MS
First Financial Bank Senatobia Branch	700 N Robinson St	Senatobia	MS
Woodforest National Bank 8190 Brookhaven Mississippi Walmart Branch	960 Brookway Blvd	Brookhaven	MS
First Federal Savings and Loan Association Hurley Branch	Hway 613	Hurley	MS
Magnolia State Bank Taylorsville Branch	748 Highway 28 East	Taylorsville	MS
Planters Bank & Trust Company Southaven Branch	232 Goodman Road	Southaven	MS
First Financial Bank Senatobia Branch	700 N Robinson St	Senatobia	MS
United Mississippi Bank Gloster Branch	647 Highway 33	Gloster	MS
Bank of Anguilla Drive-In Teller's Window Branch	Delta And Walnut Streets	Rolling Fork	MS
Bank of Winona Bank Of Winona Branch	312 North Applegate	Winona	MS
Merchants and Planters Bank Merchants And Planters Bank Branch	308 Raymond Square	Raymond	MS
Bank of Franklin Bank Of Franklin Branch	9 Main Street	Meadville	MS
Grand Bank for Savings, FSB 226 Highway 42 East Branch	226 Highway 42 East	Petal	MS
Bank of Commerce Park Avenue Branch	815 West Park Avenue	Greenwood	MS
Citizens Bank & Trust Co. Walls Branch	6851 Highway 301	Walls	MS
CB&S Bank, Inc. 12-25 Industrial Branch	Highways 12 And 25	Starkville	MS
The Cleveland State Bank Grenada Branch	229 Sunset Drive	Grenada	MS
Farmers and Merchants Bank Corinth Branch	515 Filmore Street	Corinth	MS
BNA Bank Mccullough Branch	3041 Mccullough Boulevard	Belden	MS
Bank of Anguilla Drive-In Teller's Window Branch	Delta And Walnut Streets	Rolling Fork	MS
Bank of Kilmichael Winona Branch	509 North Applegate	Winona	MS
Bank of Winona Bank Of Winona Branch	312 North Applegate	Winona	MS
Home Bank, National Association Fatherland Branch	Highway 61 South	Natchez	MS
Delta Bank Delta Bank Natchez Branch	173 Highway 61 South	Natchez	MS
Home Bank, National Association Fatherland Branch	Highway 61 South	Natchez	MS
Pike National Bank South Broadway Branch	628 South Broadway	Mccomb	MS
Citizens Bank & Trust Co. Walls Branch	6851 Highway 301	Walls	MS
The Cleveland State Bank Grenada Branch	229 Sunset Drive	Grenada	MS
Farmers and Merchants Bank Corinth Branch	515 Filmore Street	Corinth	MS
BNA Bank Mccullough Branch	3041 Mccullough Boulevard	Belden	MS
Commerce Bank Commerce Bank Branch	306 South Cass Street	Corinth	MS
The Commercial Bank Meridian Branch	7591 Highway 39	Meridian	MS
Merchants and Planters Bank Merchants And Planters Bank Branch	308 Raymond Square	Raymond	MS
Peoples Bank Collins Branch	710 Main Street	Collins	MS
Citizens Bank Citizens Bank Branch	814 Main Street	Columbia	MS
Bank of Franklin Bank Of Franklin Branch	9 Main Street	Meadville	MS
Home Bank, National Association Fatherland Branch	Highway 61 South	Natchez	MS
BankOkolona Mantee Branch	54 First Street	Mantee	MS
Bank of Brookhaven Bank Of Brookhaven Branch	411 Brookway Boulevard	Brookhaven	MS
Bank of Yazoo City Lintonia Branch	826 Grand Avenue	Yazoo City	MS
BankOkolona Mantee Branch	54 First Street	Mantee	MS
Peoples Bank Collins Branch	710 Main Street	Collins	MS
Pike National Bank South Broadway Branch	628 South Broadway	Mccomb	MS
Bank of Commerce Park Avenue Branch	815 West Park Avenue	Greenwood	MS
First National Bank of Clarksdale First National Bank Of Clarksdale Branch	402 East Second Street	Clarksdale	MS
Southern Bancorp Bank Mound Bayou Branch	U. S. Highway 61	Mound Bayou	MS
The Citizens National Bank of Meridian College Park Express Bank Branch	Highway 19 North	Meridian	MS
CB&S Bank, Inc. 12-25 Industrial Branch	Highways 12 And 25	Starkville	MS
Origin Bank Origin Bank Branch	775 Lake Harbour Drive, Suite A	Ridgeland	MS
FSNB, National Association Olive Branch	7950 Craft Goodman Frontage Road	Olive Branch	MS
Farmers and Merchants Bank Corinth Branch	515 Filmore Street	Corinth	MS
BankOkolona Mantee Branch	54 First Street	Mantee	MS
The Peoples Bank Walnut Branch	Highway 15 North	Walnut	MS
Commerce Bank Commerce Bank Branch	306 South Cass Street	Corinth	MS
United Mississippi Bank Gloster Branch	647 Highway 33	Gloster	MS
BankFirst Financial Services Scanlan Street Drive-In Branch	Scanlan And Richardson Streets	Newton	MS
Bank of Kilmichael Winona Branch	509 North Applegate	Winona	MS
The Citizens Bank of Philadelphia, Mississippi East Side Branch	Highways 16 East And 486	Philadelphia	MS
The Bank of Forest Bank Of Walnut Grove Branch	101 Chadwick Ave	Walnut Grove	MS
Great Southern Bank Pachuta Branch	U.S. Highway 11	Pachuta	MS
First State Bank South Court Street Branch	301 South Court Street	Ellisville	MS
Merchants & Marine Bank Wade Branch	Highway 63	Wade	MS
Citizens Bank Citizens Bank Branch	814 Main Street	Columbia	MS
Concordia Bank & Trust Company North Natchez Branch	516 Hwy 61 North	Natchez	MS
Delta Bank Delta Bank Natchez Branch	173 Highway 61 South	Natchez	MS
Century Bank Escatawpa Branch	7312 Highway 63	Escatawpa	MS
FNB Picayune Bank Picayune-South Branch	801 Memorial Blvd	Picayune	MS
Richton Bank & Trust Company North Richton Branch	809 Front Street North	Richton	MS
First Security Bank Hernando Branch	985 E. Commerce Street	Hernando	MS
Trustmark National Bank Oxford Branch	714 Jackson Avenue	Oxford	MS
The First Bank Bay 90 Branch	800 Highway 90	Bay St. Louis	MS
Bank of Yazoo City Lintonia Branch	826 Grand Avenue	Yazoo City	MS
Merchants & Marine Bank Wade Branch	Highway 63	Wade	MS
Guaranty Bank and Trust Company Greenville South Shop. Ctr. Branch	Highway 1 South	Greenville	MS
The Peoples Bank, Biloxi, Mississippi Ocean Springs Branch	U.S. Highway 90	Ocean Springs	MS
Hancock Whitney Bank Stennis Satellite Branch	1100 Stennis Space Center	Bay Saint Louis	MS
BankPlus West Branch	State Highway 513	Stonewall	MS
First Federal Savings and Loan Association Hurley Branch	Hway 613	Hurley	MS
Pike National Bank South Broadway Branch	628 South Broadway	Mccomb	MS
Bank of Yazoo City Lintonia Branch	826 Grand Avenue	Yazoo City	MS
Community Spirit Bank Belmont Branch	342 Second Street	Belmont	MS
First Security Bank Hernando Branch	985 E. Commerce Street	Hernando	MS
Community Bank of Mississippi Leakesville Branch	431 St. Frances Street	Leakesville	MS
Southern Bancorp Bank Mound Bayou Branch	U. S. Highway 61	Mound Bayou	MS
The Citizens National Bank of Meridian College Park Express Bank Branch	Highway 19 North	Meridian	MS
FIRST COMMERCIAL BANK Desot County Bank Branch	6040 Highway 51 North	Horn Lake	MS
Farmers and Merchants Bank Corinth Branch	515 Filmore Street	Corinth	MS
Commerce Bank Commerce Bank Branch	306 South Cass Street	Corinth	MS
BankFirst Financial Services Scanlan Street Drive-In Branch	Scanlan And Richardson Streets	Newton	MS
First Bank Summit Branch	Robb Street	Summit	MS
The Citizens Bank of Philadelphia, Mississippi East Side Branch	Highways 16 East And 486	Philadelphia	MS
Great Southern Bank Pachuta Branch	U.S. Highway 11	Pachuta	MS
Merchants and Planters Bank Merchants And Planters Bank Branch	308 Raymond Square	Raymond	MS
PriorityOne Bank Hattiesburg Branch	6276 Highway 98 West	Hattiesburg	MS
Covington County Bank Covington County Bank Branch	102 S Dogwood Ave	Collins	MS
First State Bank South Court Street Branch	301 South Court Street	Ellisville	MS
Delta Bank Delta Bank Natchez Branch	173 Highway 61 South	Natchez	MS
Richton Bank & Trust Company North Richton Branch	809 Front Street North	Richton	MS
Guaranty Bank and Trust Company Greenville South Shop. Ctr. Branch	Highway 1 South	Greenville	MS
Renasant Bank Hazlehurst, Ms Branch	649 North Caldwell Drive	Hazlehurst	MS
Trustmark National Bank Oxford Branch	714 Jackson Avenue	Oxford	MS
First Bank Summit Branch	Robb Street	Summit	MS
First Southern Bank Carriere Office Branch	7360 Highway 11 North	Carriere	MS
Community Spirit Bank Belmont Branch	342 Second Street	Belmont	MS
Guaranty Bank and Trust Company Greenville South Shop. Ctr. Branch	Highway 1 South	Greenville	MS
First Bank Summit Branch	Robb Street	Summit	MS
The First Bank Bay 90 Branch	800 Highway 90	Bay St. Louis	MS
Wells Fargo Bank, National Association Biloxi Main Branch	854 Howard Avenue	Biloxi	MS
Regions Bank Bassfield Branch	219 General Robert E. Blount Drive	Bassfield	MS
The Citizens National Bank of Meridian College Park Express Bank Branch	Highway 19 North	Meridian	MS
Holmes County Bank Goodman Branch	9860 Main Street	Goodman	MS
First Southern Bank Carriere Office Branch	7360 Highway 11 North	Carriere	MS

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

MISSISSIPPI SAVINGS ACCOUNT ENVIRONMENT

Mississippi's status as a poor state can have some impact on its banking system. Here are a few ways it may be affected:

1. Limited capital: A poor state often has limited financial resources, which could translate into lower deposits and less capital available for banks. This may restrict the capacity of banks to lend and invest.

2. Higher risk levels: Lower income levels in the state can result in higher default rates on loans, making the banking system riskier. This may lead to stricter lending practices and higher interest rates, making it more challenging for individuals and businesses to access credit.

3. Limited access to financial services: The poverty rate can affect the demand for banking services. People with limited income may be less likely to have bank accounts or engage in financial transactions, resulting in reduced demand for banking services in the state.

4. Limited competition and innovation: The profitability and attractiveness of the banking sector are influenced by the economic conditions of a region. A poor state may face limited competition among banks, restricting innovation and the introduction of new financial products and services.

However, it's worth noting that these effects can vary depending on several factors, including the overall economic development strategies, state policies, and the specific characteristics of individual banks operating within Mississippi.

FREQUENTLY ASKED QUESTIONS ABOUT LOCAL SAVINGS RATES

Why do savings rates vary so much?

Even though rates are at levels that are historically very low, there is competition for your money. Like any active marketplace, there are buyers and sellers of goods and services at different prices. Banks have different cost structures and they also have different needs for capital. This leads to different rates.

BestCashCow’s surveys show that online banks offer higher savings and CD rates because they have lower expenses from not having to maintain brick-and-mortar locations. Therefore, we strongly recommend that all depositors consider the rates at online banks as savings and money market accounts online can easy be set up to enable quick transfers to your favorite local bank.

What is the difference between a savings account and a money market account?

The differences between a savings account and a money market account are largely arcane. Some money market accounts offer more ways access deposits by issuing checks and debit cards, but prudent consumers will compare the two interchangeably, focusing primarily on rates and service among FDIC-insured banks (or NCUA-insured, for credit unions). Most savvy consumers who plan their expenses and financial needs ahead find the additional functionality offered by money markets to be of little value and will choose whichever account (savings or money market) has the higher rate.

What does annual percentage yield (APY) mean?

Savings rates are displayed in terms of APY to indicate the effective annual-interest return, including the compounding of interest, of the course of a single year. $100,000 deposited in a savings or CD account with a 1.20% APY will earn $1,200 in the course of the year, but monthly interest in the first few months may be less than $100 a month (this also depends on the number of days in the month). Hence, the APY rate is ordinarily a couple of basis points above the real interest rates. Unlike with a Certificate of Deposit, your actual APY in a savings may vary if the rate changes.

How do I choose the right savings account and should I consider CDs?

Begin your search with the table here on BestCashCow.com that you have found. In addition to checking online savings rates, you should also check local bank rates and local credit union rates. If you are unlikely to require access to your cash for some time, you may also consider certificates of deposit (CDs). While CDs have penalties for early withdrawal that may even eat into your principal, the rates on 2, 3, 4 and 5 year CDs are ordinarily significantly higher than savings rates. Several other sections and articles on BestCashCow can also help you to identify your proper cash allocation between savings and CDs. Access these below. You should also familiarize yourself with our Savings & CD Calculator in order to understand the importance of compounding interest at higher rates on your savings over time.

8 POINT CHECKLIST FOR A GREAT BANKING RELATIONSHIP WITH YOUR LOCAL BANK

Find a bank with a location convenient to you. Location counts.
Choose a bank with good rates. Rates are important to get continued growth of your capital.
Choose a bank with an extensive network of fee-free ATM machines or which reimburses out-of-network ATM fees, if you still need to regularly access cash.
Avoid fees. Choose a bank which doesn’t have service fees provided you maintain a certain balance, which doesn’t charge for ACH inbound and outbound transfers, and which has low fees for things like international wire transfers and bounced checks.
Choose a healthy bank. If you click on a bank above, you’ll be taken to the bank’s financial detail. A healthy bank has happy employees and provides loyal service to its customers. No matter how healthy your bank is, stay within FDIC insurance limits.
Find something of value to offset what may be slightly lower rates than online accounts offer. Develop personal relationship with your bankers. Personal relationships can help you to get appropriate financial advice, and to navigate financial challenges and needs in the future. (Be careful with the financial advice you receive. Inappropriate financial advice is worth a lot less than no financial advice.) They can also put you in touch with others in your community who could be valuable personally and professionally to know. If you don't use your local savings account as an opportunity to build these relationships, you may find that you are better of banking online.
Choose a bank that is going to let you access your cash when you need. The great benefit of savings accounts over any other financial product (including CDs) is that you have absolute liquidity. If your bank in creating impediments to accessing your cash (paperwork, fees, etc.), then you need another bank.
Be aware that you can have more than one account. Having a great local savings account at a large or small bank near you can be great, but it doesn't need to stop you from opening one or more online savings accounts, or even developing a relationship with another local bank or credit union.