Performance Savings
Choose the savings account that goes the extra mile for you. With Performance Savings, you can earn the higher rate on balances of up to $100,000.
Online Banking
Check your balances, view your transaction history, pay bills and more — all from your computer or mobile device.
Earn Interest
Watch your money grow while it stays safe and secure.
Spending
Set savings goals, track budgets and more, all in one convenient place.
- Earn a higher interest rate
- Transfer funds automatically from checking to savings
- Easily combine Performance Savings and Performance Checking account statements
Features and Benefits
- Earn higher interest rates on your balances of $100,000 or less by meeting two easy requirements:
- Automatically deposit at least $50 into your Performance Savings account each interest cycle through direct deposit (ACH deposit) or our Online Banking transfer service
- Combine Performance Savings and Performance Checking account statements (both accounts on one monthly statement)(9)
- Earn standard interest rate when higher rate requirements are not met
- 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
- Gain access to Spending, 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
-OR-
Requirements
- Opening deposit: $50
- Monthly requirements to waive monthly service charge:
- $50 minimum monthly ledger balance
- Monthly higher rate of interest requirements(11) (balances of $100,000 or less):
- Automatically deposit at least $50 into your Performance Savings account each interest cycle through direct deposit (ACH deposit) or Online Banking transfer service
- Combine Performance Savings and Performance Checking account statements (both accounts on one monthly statement).(9)
Fees
- Monthly service charge:
- Free if minimum monthly ledger balance is met
- $2.50 if balance falls below the minimum monthly ledger balance
- Transactions fees:
- $5 fee for each withdrawal after the sixth(3)
Disclaimers:
(3)An excessive withdrawal fee of $5 will be charged for each nonexempt withdrawal or transfer in excess of six per month or statement cycle of at least four weeks, as applicable. The following withdrawals and transfers are exempt from this limitation: withdrawals or transfers made at an ATM, made in person at a teller window, requested by U.S. postal mail, made for purposes of making payments on BancorpSouth loans, made in person to initiate a wire transfer, and made by telephone or fax where a check is mailed directly to the account holder.
(7) To receive your savings statement online, it must be combined with your checking account online statement within Online Banking.
(9) You would no longer receive a separate statement for your Performance Savings account.
(11) Earn the Higher Rate on balances of $100,000 or less during each interest cycle when you have both a combined statement and make a minimum of $50 in total deposits into your Performance Savings account through either Online Banking transfer or ACH deposit. If you don’t meet these prerequisites, you will earn the Standard Rate for the interest cycle. The Standard Rate always applies to balances over $100,000.
Please see the BancorpSouth Account Information Statement for more details regarding savings accounts.
