There are dozens of banks offering high-yield savings accounts in Mississippi.
High-yield savings accounts offer a high annual percentage yield (APY) that is often many times more than the national average of about 0.05%. A higher APY allows you to increase your savings faster than you would with a standard savings account.
When selecting a high-yield savings account, shop around, and compare the options. The aim is to find an account that is best suited for you. Look out for an account with a high APY, low service charges, and features that will enhance your banking experience.
Whether you are building an emergency fund or saving for a vacation, we will help you find the best fit for your financial needs.
WalletBrain has reviewed some of the available options and the top picks of some of the best savings accounts in Mississippi.
This savings builder account is unique where you need to deposit $100 a month to get the highest APY. If you don't deposit $100+ a month, then you need to maintain $25,000 in the account. If you don't do either, you won't receive the higher end APY.
This savings account will provide a flat APY regardless of your balance, and you won't worry about monthly fees. A great perk with this account is you can request a free ATM card.
Quontic Bank high yield savings account provides you with the opportunity to accrue interest at a rate 15x higher than the national average. Interest compounds daily and is paid into your account every month.
First Citizen Bank savings account is an online account that charges no monthly fees, but you need to make a minimum deposit of $50 to open this account.