Last Updated: 04/18/2025
1st Mississippi FCU High-Yield Money Market Savings Account
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.20% - 0.50%(Verified 08/14/2024)
Minimum Balance to Earn APY
$100
Minimum Opening Deposit
$0
1st Mississippi FCU High-Yield Money Market Savings Account Review
1st Mississippi FCU High-Yield Money Market Savings Account is offered by 1st Mississippi Federal Credit Union, a credit union founded in 1972 and based in Meridian, MS. 1st Mississippi FCU High-Yield Money Market Savings Account are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 0.50%, which is much higher than the national average for a money market account. However, you must keep a minimum balance of $100.00.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- No minimum initial deposit. There is no minimum balance required to open an account.
Pros & Cons of 1st Mississippi FCU High-Yield Money Market Savings Account
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1st Mississippi FCU High-Yield Money Market Savings Account FAQ
Are money market accounts from 1st Mississippi Federal Credit Union federally insured?
Yes, your money market accounts are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.
What are the dividends for 1st Mississippi FCU High-Yield Money Market Savings Account rates?
1st Mississippi FCU High-Yield Money Market Savings Account offers an APY starting at 0.20% and ranging up to 0.50% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $100.00.
| Rates | Amount |
| APY (Annualized Percentage Yield) | 0.20% - 0.50% |
What are the fees for 1st Mississippi FCU High-Yield Money Market Savings Account?
1st Mississippi FCU High-Yield Money Market Savings Account does not charge a monthly maintenance fee.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Maintenance Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Paper Statement Fee | Starting at $3.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NSF Fee | $30.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum balance for 1st Mississippi FCU High-Yield Money Market Savings Account?
No minimum initial deposit. 1st Mississippi Federal Credit Union does not require a minimum initial deposit to open an account.
Interest rate minimum balance of $100.00. You must keep the account balance above $100.00 to earn interest.
What features and perks does 1st Mississippi FCU High-Yield Money Market Savings Account offer?
This account includes the following features:
- Mobile Banking Services - 1st Mississippi FCU High-Yield Money Market Savings Account allows you to manage your money through online banking and a dedicated mobile app.
What is the customer service phone number?
The customer service number for this account is (601) 693-6873.
What is the support contact email?
The support contact email for this business credit card is mainoffice@1stms.com.
How to open an account with 1st Mississippi Federal Credit Union
- Visit the 1st Mississippi Federal Credit Union website.
- Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
- Check the information is accurate and submit your application.
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Hours of Operation
SundayClosedMonday8:30AM - 5:00PMTuesday8:30AM - 5:00PMWednesday8:30AM - 5:00PMThursday8:30AM - 5:00PMFriday8:30AM - 5:00PMSaturdayClosed
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