Money Market Select
It’s understandable. You want to earn high interest on your savings without the high risk. Our premium money market account, Money Market Select, allows you to safely earn a competitive rate of interest on your balance.
Check your balances, view your transaction history, pay bills and more — all from your computer or mobile device.
Watch your money grow while it stays safe and secure.
View account balances, track budgets and more, all in one convenient place.
- Earn tiered interest rates
- Receive itemized monthly statements
- Access your Online Statements
Features and Benefits
- Earn tiered interest rates based on your account balance(1.1)— the interest-rate tiers are based on the following balances:
- $500,000 and above
- Transfer funds automatically from checking to savings, using our secure Online Banking transfer service
- Enjoy free Online Banking
- Keep track of your account with free Online Statements(7)
- Receive free paper statements
- Enjoy unlimited over-the-counter and ATM transactions(4)
- Gain access to BudgetWi$e, our free online budgeting tool
- Bundle your checking and savings accounts for a more convenient way to budget and save toward your goals
- Gain access to your account information 24 hours a day with just a quick call to our InfoLine at 1-888-797-7711
- Must have a BancorpSouth checking account
- Opening deposit: $1,000
- Monthly requirements to waive monthly service charge:
- $10,000 minimum monthly ledger balance
- Monthly service charge:
- Free if minimum monthly ledger balance is met
- $10 if balance falls below minimum monthly ledger balance
- $10 fee for each withdrawal after the sixth(4)
- Unlimited ATM withdrawals and over-the-counter transactions
(1.1)The Money Market Select account earns interest at a competitive rate determined solely by the Bank and is subject to change weekly. Interest is calculated based on simple interest and applied to the daily collected balance. Interest is credited at statement time; however, the accrued interest is available for closing withdrawals.
(4) Federal law requires that we convert a savings account to a checking account if you exceed six preauthorized or automatic debits or withdrawals per month. An Excessive Withdrawal Fee of $10 will be charged for each transaction over six per month.
(7) To receive your savings statement online, it must be combined with your checking account online statement within Online Banking.