There are several banks in Mississippi that have interest rates well above the national averages.  One bank that continues to offer some of the highest CD rates in the state is Mechanics Bank.  Mechanics Bank can be found within the top five banks with the highest CD rates for the 6 month term CDs, the one year term CDs and the two year term CD.  At the present time, a Mechanics Bank 6 month CD earns an interest rate of 3.29% APY.  The one year CD has an interest rate of 3.34% APY.  The two year CD has a yield of 3.55% APY.  The minimum deposit to open these bank CDs is only $500.00. 

On top of the CD accounts, Mechanics Bank offers other consumer banking services such as; checking accounts, savings accounts, Individual Retirement Accounts, credit cards, debit/ATM cards, and consumer loans.  The bank also offers on-line banking and bill paying that allows for re-ordering your own checks, transfer funds between accounts, making loan and credit card payments, scheduling transactions through EFT, stop payments, balance inquiry on all accounts, view account history, statement presentment and file export to Microsoft money or Quicken.  Mechanics Bank has business options that include commercial loans, business banking accounts, money market business accounts, and business credit services.

Mechanics Bank has 2 bank branches in Oxford, Mississippi and two additional bank branches in Water Valley, Mississippi.  The bank maintains a website at www.mechanicsbankms.com.  Their toll free number is 1-800-556-2261.

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