Brian McKay
The best checking rates for Raleigh, Mississippi include Baxter Credit UnionBaxter Credit UnionA5.0 ★Texas Ratio: 6.20% PowerPlusTM Checking at 8.00% APY, First Federal S&L Pascagoula, MSFirst Federal S&L Pascagoula, MSA+5.0 ★Texas Ratio: 3.51% Legacy Checking at 6.00% APY, Hope Federal Credit Union Jackson, MSHope Federal Credit Union Jackson, MSA5.0 ★Texas Ratio: 6.51% HOPE Rewards Checking and Checking Plus Accounts at 5.13% APY, Origin BankOrigin BankA5.0 ★Texas Ratio: 6.66% Connect Checking at 5.00% APY, and Citizens National Bank of MeridianCitizens National Bank of MeridianA5.0 ★Texas Ratio: 7.38% High-Yield Checking at 5.00% APY. Checking account rates as of September 14, 2026 according to verified data from MonitorBankRates.
Raleigh is a smaller community with no bank or credit union branches currently in our database. 25 institutions serving the Mississippi area are available to Raleigh residents, with checking rates as high as 8.00% APY from Baxter Credit Union. Rates are continually updated, so we recommend checking back frequently.
Checking account rates reflect recent market quotes and representative offers available to depositors in Raleigh, Mississippi. Checking Account Rates Last Updated and Verified: September 14, 2026
Level 2 on balances up to $15,000
No additional details provided.
Qualifying balance up to $10,000.00
No additional details provided.
Qualifications Required: 16 posted and cleared debit card transactions excluding ATM transactions per statement cycle; 1 posted and cleared ACH automatic debit or credit per statement cycle; receive a monthly eStatement on this account or the APY paid on your entire balance will be 0.00%
Qualifications Required: Receive a monthly direct deposit of $100 or more or an ACH debit of $100 or more; A monthly e-statement; Make a minimum of 10 CNB Debit Card point-of-sale transactions; Earn 5.00% Variable Annual Percentage Yield (APY) on balances up to $15,000 and .05% APY on balances of $15,000 and over, if the following requirements are met: Receive a monthly direct deposit of $100 or more or an ACH debit of $100 or more A monthly e-statement Make a minimum of 10 CNB Debit Card point-of-sale transactions. ATM transactions are not included. Transactions must post and settle to your account during the monthly statement cycle. If the requirements are not met for the current statement cycle, the default interest rate of 0.01% APY will apply. APY is current as of December 9, 2025. Rates are set by CNB and are subject to change at any time. Interest accrues on collected balances and is paid monthly. If you close your account before interest is credited, you will not receive the accrued interest. Fees may reduce earnings. Available to individuals only. Limited to one account per Social Security Number. Automatic refunds up to $25 for other banks' ATM fees.
Balances up to and including $25,000
Level 1 on balances up to $15,000
Qualifications Required; Qualifying balance $500 - $20,000
No additional details provided.
No additional details provided.
No additional details provided.
No additional details provided.
Qualifications Required: Qualifications met
Balances greater than $25,000 (blended rate)
No additional details provided.
No additional details provided.
No additional details provided.
No additional details provided.
No additional details provided.
Level 2 on balances up to $15,000
No additional details provided.
Qualifying balance up to $10,000.00
No additional details provided.
Qualifications Required: 16 posted and cleared debit card transactions excluding ATM transactions per statement cycle; 1 posted and cleared ACH automatic debit or credit per statement cycle; receive a monthly eStatement on this account or the APY paid on your entire balance will be 0.00%
Qualifications Required: Receive a monthly direct deposit of $100 or more or an ACH debit of $100 or more; A monthly e-statement; Make a minimum of 10 CNB Debit Card point-of-sale transactions; Earn 5.00% Variable Annual Percentage Yield (APY) on balances up to $15,000 and .05% APY on balances of $15,000 and over, if the following requirements are met: Receive a monthly direct deposit of $100 or more or an ACH debit of $100 or more A monthly e-statement Make a minimum of 10 CNB Debit Card point-of-sale transactions. ATM transactions are not included. Transactions must post and settle to your account during the monthly statement cycle. If the requirements are not met for the current statement cycle, the default interest rate of 0.01% APY will apply. APY is current as of December 9, 2025. Rates are set by CNB and are subject to change at any time. Interest accrues on collected balances and is paid monthly. If you close your account before interest is credited, you will not receive the accrued interest. Fees may reduce earnings. Available to individuals only. Limited to one account per Social Security Number. Automatic refunds up to $25 for other banks' ATM fees.
Balances up to and including $25,000
Level 1 on balances up to $15,000
Qualifications Required; Qualifying balance $500 - $20,000
No additional details provided.
No additional details provided.
No additional details provided.
No additional details provided.
Qualifications Required: Qualifications met
Balances greater than $25,000 (blended rate)
No additional details provided.
No additional details provided.
No additional details provided.
No additional details provided.
Fees could reduce earnings on the account.
Qualifying balance up to $10,000.00
Qualifications Required: Qualifications met
No additional details provided.
Qualifications Required: Qualifications met
No additional details provided.
Qualifications Required: Qualifications are not met
No additional details provided.
No additional details provided.
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No additional details provided.
Interest rate is variable and may change after the account is opened. Fees could reduce earnings on the account.
No additional details provided.
No additional details provided.
Earn up to 0.25% APY* on qualifying balances; 200 free check deposits per month; 200 free check withdrawals per month; Free Digital Banking, eStatements, and Online Bill Pay; Free account alerts and notifications; Access to nearly 100,000 fee-free ATMs nationwide; Deposits insured by the NCUA up to $250,000 per business; $5,000 minimum available balance or a $10 monthly fee applies.
No additional details provided.
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Compare local Raleigh, MS checking rate quotes against the statewide average
Daily checking rate averages tracked across our database of 8,500+ banks and credit unions, updated every evening.
Mississippi high-yield checking rates rose 0.259 points over the past 7 days to 1.874% APY.
Mississippi free checking rates rose 0.100 points over the past 7 days to 0.861% APY.
Checking APYs move with Federal Reserve policy. Our model projects the likely path of high-yield and free checking averages from the current Mississippi figures.
Key assumptions: the Federal Reserve holds the federal funds rate at its current level over the next 12 months, with the possibility of one 25 basis point increase; deposit institutions typically pass policy-rate changes through to checking APYs within 60–90 days. Reward and high-yield checking adjust faster than standard accounts.
Important notice: this forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions.
Annual interest earnings at current Mississippi average APYs. Advertised high-yield rates typically require qualifying monthly activity, and most accounts cap the balance that earns the top rate. The calculator below models your exact balance against a cap.
| Balance | High-Yield Checking (1.874% APY) | Monthly Earnings | Free Checking (0.861% APY) | Monthly Earnings |
|---|---|---|---|---|
| $2,500 | $46.84 / year | $3.90 | $21.53 / year | $1.79 |
| $5,000 | $93.68 / year | $7.81 | $43.05 / year | $3.59 |
| $10,000 | $187.35 / year | $15.61 | $86.10 / year | $7.18 |
| $25,000 | $468.37 / year | $39.03 | $215.25 / year | $17.94 |
| Earnings estimates assume the full balance earns the average APY with qualifying requirements met every month. Actual earnings depend on the account’s rate cap, base rate, and whether requirements are met. The top offers above pay well over these averages. Source: Mississippi checking rate averages as of September 16, 2026. | ||||
MonitorBankRates tracks checking account rates from 11 banks and 14 credit unions offering checking accounts to Raleigh, Mississippi residents, spanning high-yield, rewards, free, student, and business checking from community institutions, regional banks, and national online options. Our proprietary aggregation system pulls verified rate data directly from each institution’s official website, no estimates, no national averages passed off as real offers.
Every rate listed includes the institution’s Safety Grade (A+ to F), Star Rating (1–5), and Texas Ratio, objective financial health metrics calculated from FDIC and NCUA regulatory data, so you can compare yield and institutional safety in one place.
Current top rate: Baxter Credit Union offers a checking account at 8.00% APY. High-yield checking rates typically require qualifying monthly activity. Check the account details before opening.
What to compare when shopping for an interest-bearing checking account in Raleigh, Mississippi
To find the best checking APYs in Raleigh, Mississippi, start with credit unions and online-only banks: Raleigh, Mississippi has 14 credit unions in our database, and they dominate the high-yield and rewards checking market because they have lower overhead than traditional branch networks and use high rates to win your primary banking relationship.
Read the qualifying requirements before you’re drawn in by the headline rate. Most high-yield checking accounts require 10–15 debit card transactions per month, a direct deposit or ACH transfer, and e-statements. Miss them in a given month and you earn a near-zero base rate instead. Also check the balance cap: the advertised APY usually applies only up to $10,000–$25,000. The current MS high-yield checking average is 1.874% but top institutions serving Raleigh, Mississippi are offering as high as 8.00%, so shopping around pays off.
Finally, weigh fees and access: a monthly maintenance fee can erase a year of interest on a modest balance, and out-of-network ATM fees add up fast. The best accounts pair a high rate with no monthly fee and nationwide ATM access or ATM-fee reimbursement, worth checking if an institution has branches or in-network ATMs near you in Raleigh, Mississippi.
Local demographics and economic context for account holders. Source: U.S. Census Bureau
At today’s MS high-yield checking average of 1.874%, keeping 10% of the local median salary ($3,049) in a high-yield checking account would earn $57 annually, money a 0% traditional checking account leaves on the table. The top offers above pay even more.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
How interest-bearing checking accounts compare to the other deposit products available at banks and credit unions in Raleigh, Mississippi.
| Feature | High-Yield Checking | Free Checking | High-Yield Savings | Money Market |
|---|---|---|---|---|
| Current MS Avg APY | 1.874% | 0.861% | View Savings Rates | View MMA Rates |
| Monthly Activity Required | ✗ Usually yes (debit + direct deposit) | ✓ None | ✓ None | ✓ None |
| Balance Cap on Top Rate | Common ($10K–$25K) | Little or no interest paid | ✓ Rarely | Tiered: higher balances earn more |
| FDIC / NCUA Insured | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K |
| Checks & Debit Card | ✓ Unlimited | ✓ Unlimited | ✗ No | ✓ Limited per month |
| Best For | Everyday spending money that also earns | Simple no-fee banking, modest balances | Emergency fund, larger balances | Larger balances wanting some check access |
APY data reflects Mississippi averages tracked in our database as of September 16, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
See what an interest-bearing checking account earns on your everyday balance. Most high-yield accounts only pay the advertised APY up to a balance cap. Enter the cap to see the real number, or leave it at 0 for uncapped accounts. Click any current Raleigh, Mississippi rate on the right to apply it. Interest compounds monthly.
Assumes monthly compounding, qualifying requirements met every cycle, and that balances above the cap earn 0%. Checking rates are variable and can change at any time. Estimates are for informational purposes only.
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Raleigh, Mississippi checking rate tables are free for consumers to use, and we do not receive payment from any financial institution to be included or to be ranked in any particular order. Listings are based solely on the rates each institution publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Checking Rate Data: We aggregate checking account rates for Raleigh, Mississippi directly from the official websites of banks and credit unions using a combination of our proprietary rate aggregation technology and a dedicated team of rate updaters. By sourcing this data from the institutions’ own digital properties and manually verifying the yields daily, we ensure that every checking rate displayed on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems and team constantly monitor the market to provide a complete picture of available yields in Raleigh, Mississippi. We feature a comprehensive mix of financial institutions, allowing you to easily compare localized checking rates from neighborhood credit unions, competitive offers from mid-sized regional banks, and high-yield checking accounts available to account holders in MS.
Daily Updates & Time-Stamped Accuracy: To maintain the highest level of data integrity, our rate updaters verify and update checking rates daily. Because checking account yields can fluctuate based on market conditions, every single checking product listed on our platform features its own specific “last updated” date.