Learn more about Bancorp South Performance Checking Account here.
Available in California, Bancorp South is offering a generous 1.51% APY with a maximum balance of $30,000 on their Performance Checking Account.
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About Bancorp South Performance Checking
In 1876, in the back of a hardware store in Verona, Mississippi, a new approach to banking was born – an approach built on longevity and the principle that neighbors should help neighbors. Today, their tellers still know most of their customers on a first name basis, and the bank is stronger and more secure than ever.
Continue on to learn more about the Bancorp South Performance Checking Account below.
Note: Interested in Bank Bonuses? See our favorite banks including HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, BBVA or CIT Bank.
Bancorp South Performance Checking Rate
Residents of select states can earn a generous rate on balances up to $30,000. With no minimum deposit, you will be able to enjoy the rate to its full potential!
- What you’ll get: 1.51% APY up to $30,000
- Eligible Accounts: Performance Checking Account
- Credit Inquiry: Unknown, let us know
- Where it’s available: AL, AR, FL, LA, MO, MS, TN, TX (Branch Locator)
- Opening Deposit: $50
- Credit Card Funding: Unknown, let us know
- Monthly fee: None
(NCUA Insured)
American Express® High Yield Savings Account - You earn a competitive interest rate along with no minimum deposits or monthly fees. Amex High Yield Savings account has been my favorite Hub account for the past 7 years. Using this account to Pull/Push your money is absolutely necessary when you have many accounts. Here's why: *No dollar limitations for ACH transfers - When you find a top bank rate account, you don't want to be limited to just $5K or $10K transfers. Amex Savings will let you transfers as much as you want whether you are pulling or pushing money from and to an external bank account. *1 to 2 business days ACH transfers speed - With top-notch user interface, you get your money to another external account or pull money from another bank account within a day or two. *No loss of interest during transfers - On the day you initiate your transaction on the high yield savings account website, the funds will be reflected in your Current Balance and begin earning interest. Some other features from American Express High Yield Savings Account include Free Wire Transfers, 3 maximum linked accounts, and maximum 6 ACH withdrawals per month. |
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Savings account offers are frequently updated. Find the best nationwide Savings/Money Market rates here, and the best Savings account bonuses here. The Axos Bank and CIT Bank accounts offer great rates available nationwide which I recommend. |
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| PROMOTIONAL LINK | OFFER | REVIEW |
| Discover Bank Online Savings | $200 Bonus + 0.60% APY | Review |
| Aspiration | $150 Bonus + 1.00% APY | Review |
| Axos Business Savings | $200 Bonus + 0.20% APY | Review |
| Quontic Bank High Yield Savings | 0.75% APY | Review |
| Axos Bank High Yield Savings | Up to 0.61% APY | Review |
| CIT Bank Money Market | 0.70% APY + Amazon Prime Offer | Review |
| American Express High Yield Savings | 0.60% APY as of 4/28/22 | Review |
How To Earn Up to 1.51% APY Rate
- Open a Performance Checking Account with an opening deposit of any amount.
- Meet the following requirements each month to receive the 1.51% APY rate:
- At least 12 debit card purchases
- At least one ACH debit or credit, such as direct deposit or automatic bill payment
- Be enrolled in Online Statements
| Balance Requirement | APY Rate |
| $0.01-$30,000 | 1.51% APY |
| $30,000+ | 0.50% APY |
| If qualifications are not met | 0.05% APY |
Account Features
- Unlimited Bill Pay
- Online Banking
- Earn Interest
- No monthly maintenance fee
- Mobile banking with mobile deposit
Bottom Line
Overall, I recommend taking advantage of this account if you are able to meet the membership eligibility. The APY rate is rather generous and the requirements aren’t too hard to complete. Additionally, it comes with many great free features.
Lastly, let us know about your experience with this bank and comment below.
For more bank offers, see the complete list of Best Rewards Checking!
Check back often to see the latest info on Bancorp South’s Performance Checking Account.
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