bank rates

Mississippi Deal On Checking And Savings

At Magnolia Federal Credit Union in Jackson, Miss., sweet deals are blooming for both checking and savings account holders, earning you more green than the best nationally available deals.

Magnolia Federal Credit Union is offering 3.51% APY on its rewards checking accountTo make the most of this offer, you need to have both a Kasasa Cash and a Kasasa Saver account.

With a Kasasa Cash rewards checking account, you can earn 3.51% APY on balances up to $10,000.

That beats out the 3.03% APY offered by Coulee Bank of LaCrosse, Wis., which now has the best nationally available rate.

On top of that, Magnolia FCU offers 1.51% APY on rewards checking balances exceeding $10,000, far above the earnings on a typical checking account.

Then sign up for a Kasasa Saver account, where the interest you earned on your high-yield checking account will be deposited. Plus you’ll earn 1.51% APY on all the money in your Kasasa Saver account.

That 1.51% APY for the Kasasa Saver account bests the leading nationally available savings rate of 1.31%, offered by SFGI Direct, the online division of Summit Community Bank in Moorefield, W.Va.

As with a typical rewards checking account, you need to make 10 debit card transactions, receive at least one direct deposit, access online banking and receive eStatements to earn the top rate.

If you fail to meet the requirements in a given month, the rate drops to 0.10% APY.

The offer is available for anyone who lives, works or attends school in the Mississippi counties of Hinds, Madison, Rankin, Simpson and Copiah, and their family members.

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Comments (3)
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3 Existing Comments
  1. Kathy at Bankaholic said:
    on March 16th at 08:33 pm

    You can still get these rates as of March 16, 2011.

  2. Kathy at Bankaholic said:
    on March 27th at 08:48 am

    These rates are still available as of March 27, 2011.

  3. Kathy at Bankaholic said:
    on May 26th at 06:19 am

    The rates are still good as of May 26, 2011.