Savings accounts to save you money and make you money.
No matter what you’re saving for — education, retirement, an emergency fund — we have the account to fit your needs. First-time savers benefit from our low minimum balance savings account. Those looking for higher yields should consider our money market account. Free direct deposit and automatic account transfers make saving seamless and effortless. Ask us today about our current interest rates.
Savings Accounts
Statement Savings
- $100 initial deposit to open an account
- $100 minimum daily balance to earn interest
- $6 monthly service charge applies if daily balance drops below $100
What’s Free!
- FREE Online Banking
- FREE 24-Hour Telephone Banking
Use this account as overdraft protection for your checking account. Ask us how.
Christmas Club Savings
- $10 initial deposit to open an account
- Interest is credited to your account at maturity
An early withdrawal fee of $10 will be charged each time funds are withdrawn prior to maturity.
A $10 fee will be imposed at maturity if your balance is less than $100.
Alabama First-Time Homebuyer Savings Account Program
With a MidSouth Bank First-Time Homebuyer Savings Account, you’re one step closer to finding your perfect home. What’s more, the principal deposits to the account are tax deductible and there’s no state taxes on earnings.
- $100 initial deposit to open an account
- $6 monthly service charge applies if daily balance drops below $100
Student Savings
- $10 initial deposit to open an account
What’s Free!
- FREE to students through age 22
- FREE Online Banking
- FREE 24-Hour Telephone Banking
Super Money Market
- $2,500 initial deposit to open an account
- $2,500 minimum daily balance to earn interest
- $10 monthly service charge applies if daily balance drops below $2,500 or average daily balance falls below $10,000
What’s Free!
- FREE Online Banking
- FREE 24-Hour Telephone Banking
Use this account as overdraft protection for your checking account. Ask us how.
Open an Account Today!
Interest Rate and Annual Percentage Yield: At our discretion, our interest rate and annual percentage yield may change at any time. You must maintain the minimum balance stated for your account each day to obtain the annual percentage yield listed under “Current Rate Information.” Interest begins to accrue no later than the business day on which we receive credit for non-cash items (for example, checks). The daily balance method is used to calculate the interest on your account and the amount of interest you earn is based on the daily collected balance. The daily balance method applies a daily periodic rate to the full amount of principal in the account each day.
Dormant Account Service Charge: A savings account is considered dormant if there has been no deposit to or withdrawal from the account for a period of twenty-four (24) months. All regular service charges apply to dormant accounts. Accounts which are considered dormant will be service charged an additional $10 per statement cycle in addition to the routine service charge applicable to your account. This charge is applicable to all Savings accounts.
Charges Common to All Accounts: Specific fees can be found in our Charges Common to All Accounts schedule. Ask your banker for a fee schedule.