Hancock Whitney Silver Savings

Hancock Whitney Silver Savings Review

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

• 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.

Pros	Cons
Interest-yielding account.	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 Not FDIC-insured. Only available in one state. Monthly service charge.

Are savings accounts from Hancock Whitney Bank federally insured?

No, your Hancock Whitney Bank savings accounts are not insured by a federal insurance agency. This means that if Hancock Whitney Bank were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

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:

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.