Savings

Regular Savings
Children's Savings
Health Savings Account (HSA)

Need a down payment for a new car or a home? Want to start a savings account for your grandchild? We offer several secure, simple and accessible savings plans. We also offer services like Direct Deposit, Internet Banking, Renasant Bank On-Call and automatic fund transfers that can make saving easier and more convenient.

THE HARDEST PART ABOUT SAVING IS PSYCHOLOGICAL.

The hardest part about saving money is psychological. You have to decide to do it. Research shows that many people postpone saving. Some can't decide how much to save; others just procrastinate. And because most savings plans require action - you have to sign up or make that deposit each month - indecision and procrastination can be your worst enemies. The key to saving is making it automatic.

AUTOMATION - THE KEY TO SAVING.

Many employers can deposit money straight from your paycheck into your savings account. You can make the request for Renasant Bank to regularly transfer money from your checking account to a savings account. Some people transfer funds each week or once each pay period. If you are enrolled in Internet Banking, you can set up the automatic payments yourself, selecting the time of the month for the transfer.

You may also sign up to transfer money between your accounts through Telephone Banking, the bank's 24-hour automated account information line.

LET YOUR MONEY MAKE MONEY FOR YOU.

Remember that the best way to make money is to plan for the long term. This way your money can grow and compound. You begin to earn interest on your interest. In other words, your money makes money for you. Start automatic savings as soon as you can, even if you're only transferring a small amount.

We offer a wide range of savings opportunities: regular & children's savings and savings for overdraft protection.

REGULAR SAVINGS

Save money and have over-the-counter access!

Minimum to open $100
Minimum balance of $100 must be maintained every day of the statement cycle in order to earn interest for that statement cycle
Maintenance fee of $15 is charged each quarter if the balance falls below $100 during the quarter
$2.00 charged for each service-chargeable debit over 6 during the quarterly period
$.07 charged for each item deposited over 150 during the quarterly period

To open this account visit one of our convenient locations

CHILDREN'S SAVINGS*

Allows your child 18 years or younger to learn what a savings plan is all about!

No minimum to open
Interest is earned on the entire balance
$2.00 charged for each service-chargeable debit over 6 during the quarterly period
$.07 charged for each item deposited over 150 during the quarterly period

To open this account visit one of our convenient locations

Savings Calculator

Health Savings Account (HSA)

To help control the rapidly rising cost of health care coverage, Renasant Bank has introduced Health Savings Accounts (HSAs).

HSAs allow individuals with qualified high deductible health care plans to save on taxes by setting aside interest earning funds that can be used at the account owner's discretion for qualified health care expenses. In addition, the balance within the HSA rolls over year after year so, unlike Flexible Spending Accounts, it does not have to be used fully in a single year - think of it as an IRA for health care expenses!

Employers with qualified high deductible health care plans can fund HSAs for their employees and, in effect, may be able to provide them with 100% health care coverage. Employers and employees may both contribute to HSAs.

Another advantage is that HSA deposits will be held locally at your community Renasant Bank, and HSAs are easily accessed through a Renasant HSA Visa Debit card that can be used at the point of purchasing a qualified medical item or service.

To learn more about HSAs or to open an account visit one of our convenient locations

*About Children's Online Privacy
The Children's Online Privacy Protection Act (COPPA) was passed to give parents increased control over what information is collected from their children online and how such information is used. The law applies to websites and services directed to, and which knowingly collect information from, children under the age of 13. Renasant Bank's websites and online services are not directed to children under the age of 13, nor is information knowingly collected from them. For additional information on COPPA protections, link to the Federal Trade Commission's website at www.ftc.gov/privacy/privacyinitiatives/childrens. For further information, the Federal Government has created a Web site, Kidz Privacy, aimed at educating both parents and children about the dangers of the Internet and how to browse safely.