MidSouth Bank offers a variety of savings account options.
Initial deposit to open account is $100
- Minimum quarterly balance to avoid service charge is $100
- Service charge if ledger balance drops below $100 during statement cycle is $6
- FREE Online Banking
- FREE 24-Hour Telephone Banking
Initial deposit to open is $10
Initial deposit to open account is $10
Super Money Market
Initial deposit to open account is $2,500
Initial deposit to open is $2,500
INDIVIDUAL RETIREMENT ACCOUNTS
Please contact your local MidSouth Bank office for information on our IRA products.
You may make six withdrawals or transfers from your savings account each statement cycle. Excess withdrawals will be service charged as indicated under Schedule of Fees.
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.