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  Hancock Whitney Silver Savings

Hancock Whitney Silver Savings

in Savings Accounts from Hancock Whitney Bank · fdic

Unaffiliated

Hancock Whitney Silver Savings

Unaffiliated

in Savings Accounts from Hancock Whitney Bank · Member FDIC

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Highlights
Monthly Fee $3
APY (Annual Percentage Yield) 0.01%
APY Minimum Balance N/A

Hancock Whitney Silver Savings Review

Hancock Whitney Silver Savings is offered by Hancock Whitney Bank, a bank founded in 1899 and based in Gulfport, MS. Hancock Whitney Silver Savings is available in 1 state across the USA.

Key Takeaways
  • Low APY. The maximum annual percentage yield for this account is only 0.01%.
  • Charges a monthly fee. This account charges a monthly service fee of $3, but the fee is waived if you keep a minimum balance of $200.
  • $100 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
Hancock Whitney Silver savings Pros & Cons
Pros Cons
  • Interest-yielding account.
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not offer mobile check deposits.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Only available in one state.
  • Monthly service charge.
Hancock Whitney Silver savings FAQ

Are savings accounts from Hancock Whitney Bank federally insured?

Yes, your Hancock Whitney Bank savings accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

Does Hancock Whitney Bank offer a signup bonus?

Hancock Whitney Silver savings doesn't offer a signup bonus.

What is the minimum initial deposit for Hancock Whitney Silver savings?

The minimum deposit to open a Hancock Whitney Silver savings is $100.
Hancock Whitney Silver Savings Minimums
Description
Minimum Balance to Avoid Monthly Fee Starting at $200
Minimum Combined Balance to Avoid Monthly Fee $200
Minimum Opening Deposit Starting at $100

What APY does Hancock Whitney Bank offer?

Hancock Whitney Silver savings offers an APY of 0.01% (APY stands for annual percentage yield, rates may change).

The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually.

What fees does Hancock Whitney Silver savings charge?

This account charges a monthly service fee of $3. However, you can waive the monthly fees if you have a minimum daily balance of $200. You can also waive the fee by keeping a combined balance of $200.

What features and perks does Hancock Whitney Silver savings offer?

This savings account includes the following features:

  • Mobile Banking Services - Hancock Whitney Silver savings allows you to manage your money online or with a mobile app.

Can you set up a direct deposit to Hancock Whitney Silver savings?

In most cases, the answer is yes. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for Hancock Whitney Silver savings?

The customer support email for Hancock Whitney Silver savings is contactservicecenter@hancockwhitney.com.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 1 state
Alabama
Availabile in all of Alabama

Feature Breakdown

Minimum Balance to Avoid Monthly Fee Starting at $200
Minimum Combined Balance to Avoid Monthly Fee $200
Minimum Opening Deposit Starting at $100
Monthly Fee $3
Account Features
  • Interest Bearing Account
  • Mobile Banking
APY (Annual Percentage Yield) 0.01%

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