Below are the highest yielding money market account rates serving citizens of the state of Mississippi.
If you are strictly after the best interest rate then you have a variety of options that will provide you with similar yields. The question you need to ask yourself is, “what type of minimum balance can I keep?” Most money market accounts provide a given interest rate based on a certain account balance. The more money you are able to keep in these accounts, the higher the interest rate you will generally receive.
After sorting through dozens of interest rate tables belonging to banks and credit unions serving the state of Mississippi, we have found that in some instances you will lock in more competitive rates with local institutions rather than national ones (if you are eligible). Before committing to one of the banks/credit unions listed below, you may want to browse through our archive of money market accounts.
Keep in mind, money market rates are time-sensitive in nature, therefor you may want to refer to the date of this article for accuracy. As with all money market accounts, the interest rates are variable and are subject to change without notice.
Top 2 money market rates in Mississippi:
(click on the institution for more information)
- Keesler Federal Credit Union: Pascagoula, MS. Money market account yielding 2.02% APY with a minimum balance of $2,500. If you maintain a balance of between $0 and $2,499 you will only receive an interest rate of 1.0% APY. Keesler Federal Credit Union is a member-owned, not-for-profit financial institution with 17 branches throughout Mississippi. They have locations in Harrison County, Hancock County, Jackson County, and Pearl River County. You are eligibile for membership if you live, work or worship in any of the counties previously listed. They also have a selct group of employers throughout Mississippi and along the gulf coast which are eligible. If you have family members who are already a member, this will make you elgibile as well. Contact: (228) 385-5500
- Grand Bank: Petal, MS. Money market account yielding 1.85% APY with a minimum balance of $7,500. Like most money market accounts you are entitled to six withdrawals per month (3 of which can be personal check) and any additional withdrawal will cost $2.00. Grand Bank has three locations in Mississippi (two in Hattiesburg and one in Petal). They also have three “mortgage centers” in Hattiesburg, Gulfport and Flowood. Contact: (601)264-1467
Both of the above institutions are federally insured by either the FDIC or NCUA. If you live in Mississippi and know of a better money market rate offered through your local institution, please share by leaving a comment.