Best Banks in Mississippi
Written by
Rudri Patel
Edited by
Elizabeth Constantineau
Mississippi banks cater to the local community and people rely less on bigger banks. Since there is a greater emphasis on regional banking, Mississippi banks provide personalized service for their customers. Check out GOBankingRates’ guide on the best banks in Mississippi and consider these top options for checking, savings and certificates of deposit (CDs). 
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Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased bank reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our in-depth bank review methodology.
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TOP MISSISSIPPI BANKS AT A GLANCE
Bank/Institution
Savings APY
Notable Features
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Detailed Reviews of the Best Banks in Mississippi
Here’s a closer look at GOBankingRates’ selection of top banks in Mississippi.
Gold Winner: Woodforest National Bank
For 40 years, Woodforest National Bank has maintained its strong community-centric focus. It has several hundred branches located in 17 states. Its reputation in Mississippi is to provide branch access and personal service. One of the key features of the bank is its access to six different types of banking accounts. 
Best For
Mobile Banking
Credit Cards
Low Minimum Deposits
Loans
Investments
Tiered APYs up to
Woodforest National Bank's savings accounts offer rates ranging from APY to APY, depending on your balance. Three of the checking accounts earn interest, with rates starting at -- more than double the national average.
Total Branch Locations
Over 700
Mobile App Rating
4.8 on both the Apple App Store and Google Play
Other Products Offered
Checking, savings, CDs, home loans, auto loans, personal loans
Pros
- Competitive rates
- Large selection of checking accounts
- Physical branches conveniently located in Walmart stores
Cons
- Must open some accounts in person
- Debit card setup fee for some accounts
- $32 overdraft fee charged up to three times per day
Why We Like Woodforest National Bank
Woodforest is an employee-owned company, so every bank employee you encounter has a personal stake in your satisfaction. The bank offers a wide range of checking accounts, including a second-chance option for customers with past bank challenges.
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Silver Winner: BankPlus
BankPlus has branches in Mississippi, Alabama, Louisiana and Miramar, Florida. The bank offers comprehensive services, including seven different checking accounts, a money market account that offers a high annual percentage yield (APY), as well as business banking and personal loan services. 
Best For
Digital Banking
Low Monthly Fees
Loan Options
Investment Services
Business Banking
Seven Checking Account Types and Availability of Perks
BankPlus offers a money market account that earns APY. ValuePlus Checking requires only a $100 minimum deposit and offers perks like shopping discounts, roadside assistance and cell phone protection.
Total Branch Locations
Over 80
Mobile App Rating
4.8 on the Apple App Store and 4.7 on Google Play
Other Products Offered
Personal checking, savings, business banking, CDs, personal loans
Pros
- Comprehensive suite of services
- Low waivable fees
- Seven checking accounts with some offering perks 
Cons
- CD rates tend to be lower 
- No out-of-network ATM fee rebates
- Potential for overdraft fees 
Why We Like BankPlus
Although it is a regional bank, BankPlus offers personalized service paired with a full suite of financial services. There are fee-free accounts as well as tech-advanced interactive teller machines. The bank also offers personal loans, wealth management and CDs.
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Bronze Winner: Hancock Whitney Bank
Hancock Whitney Bank offers three checking accounts and a savings account that comes with a competitive APY. Although it is a regional bank, Hancock Whitney Bank’s mobile banking app is rated highly in both Google Play and the Apple App Store. 
Best For
Mobile Banking
Low Monthly Fees
Personal Loans
Mortgages
Credit Cards
Range of Deposit Accounts and Loan Options To Manage Your Funds Easily
Hancock Whitney stands out for a large selection of checking, savings, CDs and loan products. While each checking account has a service fee, you can have it waived with qualifying activities.
Total Branch Locations
Over 200
Mobile App Rating
4.8 on the Apple App Store and 4.7 on Google Play
Other Products Offered
Checking, savings, CDs, mortgages, personal loans
Pros
- Range of deposit accounts for every saver
- Large footprint of physical branch locations
Cons
- Have to meet the set requirements to waive monthly fees
- Higher rates can be found elsewhere
Why We Like Hancock Whitney Bank
If you want to manage your finances in a single location with easy access to in-person help, Hancock Whitney could be the right fit. Although it's true that you can find higher APYs elsewhere, particularly through online banks, savers can get value out of this bank's savings options without giving up the local support. Plus, Hancock Whitney puts a focus on helping communities around Louisiana grow, small business investment and homeownership programs for low-income buyers.
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Best Banks
Checking Accounts
Savings Accounts
CD Account Rates
Money Market Accounts
Research Methodology
To discover the Best Banks by state, GOBankingRates analyzed the top institutions (excluding online banks and neobanks) by state branch locations. To determine rankings, GOBankingRates looked at the following factors: (1) total assets as sourced from the FDIC; (2) checking product minimum deposit; (3) monthly checking fee ratio (percentage of the minimum to avoid fees compared to the monthly fee itself); (4) savings product minimum deposit; (5) savings product APY; (6) Bauer rating (out of 5 stars); (7) products/services offered (auto loans, mortgage loans, credit cards, investment services and insurance); and (8) the average mobile app rating between the Google Play (Android) and Apple stores. All factors were then scored and combined, with the lowest score being the best. Factors (1), (2) and (4) were weighed 0.5 times, factor (5) was weighed 2.5 times and factor (7) was weighed 1.5 times. All products and offerings had to be available as of Nov. 8, 2024, to be considered. Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Aug. 27, 2025.
To qualify as one of the Best Banks in the state, the institution needed at least five branch locations in the respective state, with some exceptions for larger and/or smaller states.
How To Choose the Right Bank in Mississippi 
When choosing the right bank in Mississippi, look at all the features carefully and focus on the option that best matches your financial goals.
Here are a few factors to consider:
- Local vs. national banks: If you’re someone who needs access to branches across the country, you may want to consider a national bank. If personalized service is more important to you, shift your focus to a local bank. 
- Digital banking: Tech-savvy individuals may want to consider a bank whose app is highly rated. If you’re on the go, digital banking availability is important. 
- Branch and ATM access: How important is it for you to talk to a customer service representative? If face-to-face interaction is vital to your banking needs, you will likely want branch access. Determine whether the number of ATMs is sufficient for your banking needs. 
- Fee structures and waivers: Take a look at the fee schedule and determine if basic account access requires minimum deposits and balances. You don’t want fees cutting into the funds you’re putting into your accounts. 
- Community involvement: If supporting local initiatives matters to you, check your bank’s About Us page to see how it gives back — or ask a representative directly.
Conclusion
Selecting the right bank in Mississippi is highly dependent on what you value. Some may want a high APY on a savings account, while others may prefer local branches and ATM access. Consider all your options and start your application today. 
FAQs About Banking in Mississippi
Here’s more information to help you find the best Mississippi bank for your needs.- What is the best bank for high-yield savings in Mississippi?
- Woodforest National Bank offers savings accounts with tiered APYs going up to 3.25%, making it one of the strongest options for high-yield savings in Mississippi.
- Which banks have the most ATMs in Mississippi?
- BankPlus and Hancock Whitney have a high number of ATMs in Mississippi.
- Are there any banks in Mississippi with no monthly fees?
- BankPlus and Hancock Whitney Bank both offer low-fee checking options. Woodforest National Bank also features checking accounts with low minimum deposits and interest-earning options, helping customers reduce or avoid monthly service fees.
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CD Account Rates
Money Market Accounts
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