Best CD rates in Mississippi
Vikram Singh
Best 6-Month CD Rates

Bank or Credit Union Name: Popular Direct
Minimum Amount: $10000
APY / Rate: 4.50%
Pros:
- Best APY in the industry
- Round-the-clock access to the account
- Reliable customer support
- FDIC-insured investment
Rules:
- Add a minimum deposit to the account within 10 days of opening the account
- Interest is compounded daily and credited to the account monthly
- Premature withdrawal is subject to a penalty

Bank or Credit Union Name: Merrick Bank
Minimum Amount: $25000
APY / Rate: 4.45%
Pros:
- Investment option with a reputable bank
- High APY on 6 month CD
- FDIC insured
- 24/7 access to account
Rules:
- Interest is credited to the account monthly on a fixed date.
- Early withdrawal penalty applicable
Best 12-Month CD Rates
Minimum Amount: $0
APY / Rate: 4.50%
Pros:
- No minimum deposit required
- No monthly maintenance fees
- Various CD term choices are available
Rules:
- Interest is compounded daily and paid out monthly via account transfer to the same bank or another bank account
- Users can also receive interest by cheque on a monthly, quarterly, or annual basis.
- Early withdrawal penalty depending on the term of the CD

Bank or Credit Union Name: Marcus by Goldman Sachs
Minimum Amount: $500
APY / Rate: 4.50%
Pros:
- Decent minimum balance required
- Online access to the account
- Instant account opening process
- 10-day CD rate guarantee
Rules:
- The interest on the CD account is compounded daily and credited to the account monthly.
- Notice sent before the CD matures. You can choose to roll over the CD, alter the terms, or close the CD.
- Early withdrawal penalties are imposed by the bank.
Best 2-Year CD Rates

Bank or Credit Union Name: America First Federal Credit Union
Minimum Amount: $500
APY / Rate: 4.75%
Pros:
- High rate of return
- Terms available 91 days to 60 months
- Reasonable minimum deposit required
Rules:
- Dividends are paid monthly, quarterly, or at maturity as per the CD terms
- Certificated renew automatically once matured
- Penalty on premature withdrawals

Bank or Credit Union Name: Randolph-Brooks Federal Credit Union
Minimum Amount: $20000
APY / Rate: 4.70%
Pros:
- Best CD rates in the region
- No risk involved with investment
- FDIC-insured investment options
Rules:
- Monthly compounding of interest
- Dividends are transferred to an account (RBFCU checking, savings, and money market accounts, or other bank’s account) every month
- Automatic renewal on maturity after completion of grace period
- The grace period allows investors to roll over or alter the CD term before reinvesting
Best 3-Year CD Rates

Bank or Credit Union Name: Alliant Credit Union
Minimum Amount: $1000
APY / Rate: 4.60%
Pros:
- NCUA insured investment
- High-interest rates
- No cap on the maximum investment limit
- No monthly maintenance fees
Rules:
- Dividends compounded monthly or on maturity
- Dividends can be withdrawn monthly without any penalty
- If dividend is withdrawn, simple interest replaces compound interest
- Penalty charged on pre-mature CD account closing

Bank or Credit Union Name: Randolph-Brooks Federal Credit Union
Minimum Amount: $20000
APY / Rate: 4.60%
Pros:
- Best CD rates in the region
- No risk involved with investment
- FDIC-insured investment options
Rules:
- Monthly compounding of interest
- Dividends are transferred to an account (RBFCU checking, savings, and money market accounts, or other bank’s account) every month
- Automatic renewal on maturity after completion of grace period
- The grace period allows investors to roll over or alter the CD term before reinvesting
Best 5-Year CD Rates

Bank or Credit Union Name: Synchrony Bank
Minimum Amount: $0
APY / Rate: 4.30%
Pros:
- No minimum deposit required
- Relatively modest penalty terms
- A penalty can be avoided by using a CD ladder
- No penalty for withdrawing interest
Rules:
- Interest is calculated and credited to the account every month
- Premature withdrawal of principal is subject to penalty.

Bank or Credit Union Name: Quontic Bank
Minimum Amount: $500
APY / Rate: 4.30%
Pros:
- FDIC-insured to the max
- Low minimum deposit requirement
- Instant and hassle-free account opening process
Rules:
- Daily compounding of interest, the interest is credited to the account every month
- Interest is calculated on a periodic rate i.e. (principal + interest) in the account
- 10 days grace period after maturity to alter the CD terms.
- Automatic renewal at the end of the grace period.