Below are the highest yielding CD rates available to the residents of Mississippi. The financial institutions offering these rates are local to this state but may also cover a larger regional area. If you reside in one of Mississippi’s bordering states you may also be eligible to take advantage of the savings products below, but you will need to contact a representative.
Some of the products listed below may be promotional and therefor only available for a limited time. These promotional deposit rates generally come with odd maturities (outside of the standard 6 month increments).
How did we compile this list? As you are probably aware, higher CD rates tend to accompany longer maturities and since we did not want to strictly list long maturity CD’s we decided to list the deposit rates which beat the national average by the highest margins.
To see how these rates stack up against national ones, compare CD rates nationwide.
Top 3 CD rates in Mississippi:
(clicking on the institution will bring you to their rates page)
- Central Sunbelt Federal Credit Union: Purvis, Mississippi. 6 month CD yielding 2.50% APY with a minimum deposit amount of $500. To put this in perspective, the current national average for 6 month CD rates is 1.30% APY. This rate became effective as of August 1st and is subject to change. Once your deposit is received you will lock in this rate for the six month period. Central Sunbelt Federal CU has 4 branch locations within the state. They also have the highest rates in Mississippi for 12 month CDs, 24 month CDs, and 36 month CDs.
- Baxter Credit Union: Vancleave, Mississippi. 13 month promotional CD yielding 2.50% APY with a minimum deposit amount of $500. This is a promotional offer which became effective this month and is subject to change. They also have a noteworthy “rewards checking account” which is yielding an APY of 3.50% on all balances up to $25,000. Baxter Credit Union first opened it’s doors in 1981 and serves a select group of individuals in Mississippi.
- Navigator Credit Union: Vancleave, Mississippi. 36 month CD yielding an APY of 2.90% with a minimum deposit amount of $1,000. If you can join Central Sunbelt FCU, you will recieve a better rate for the same maturity, however if you are ineligible than this may be your best option. Like all CDs, this comes with a fixed rate for the given duration. Navigator Credit Union’s membership eligibility is farily strict in that you must live, work or worship in Mobile or Baldwin counties. You may also join if you fit within their selected group of employers.
Compare with today’s top CD rates nationwide below: