Banking Rates & News

Greenwood Metro Area

Including Benoit, BOYLE, Carrollton, Charleston, Cleveland, Drew, Duck Hill, Greenville, Greenwood, Grenada, and 14 other towns.

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Banking in the Greenwood Area

Greenwood is a small city in northwest Mississippi, about 90 miles north of Jackson, Mississippi, and about 130 miles south of Memphis, Tennessee. Greenwood has a population of about 16,000 people, although the wider Greenwood region, including the cities of Grenada, Greenwood, Cleveland, Indianola, Leland, Charleston, Itta Bena, Moorhead and Benoit, has nearly 50,000 people. Greenwood is best known as the site of several major protests and conflicts during the civil rights movement in the 1960s.

Because of its small size, Greenwood does not have a large banking industry. There are six banks and four credit unions that have their headquarters in the Greenwood area. Notable institutions with their base in Greenwood or the surrounding area include State Bank & Trust Company, Planters Bank & Trust Company, Bank of Commerce, The Cleveland State Bank and Tallahatchie County Bank. State Bank & Trust Company is the oldest bank still operating with its headquarters in Greenwood, having been established there in 1898. Overall, Greenwood and its surrounding cities have about 100 branches from 21 banks and nine credit unions.

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Local Deals & News

Regions Bank 18-Month Variable Rate IRA Yielding 5.33% APY
I posted about this product several months ago, but rates have increased dramatically, so I am updating. Because it is an IRA, it does not seem to get covered in
Regions Bank 18-Month Variable Traditional IRA Up To 4.60% APY
Due to system problems, Regions Bank rates are not available online today. But, I confirmed with CSR that the current rate on the 18-Month Variable IRA is now 4.60% APY
Regions Bank 18-Month Variable Rate Traditional IRA Yielding 3.55% APY
I made a Forum post about this offering on July 31 when it was at 3.22% APY. As of yesterday's 6-month Treasury Bill auction, the yield is now up 33
Regions Bank Offers Leading Rate On 18 Month Variable Rate IRA (3.22% APY)
Availability: According to their site "Regions serves customers across the South, Midwest and Texas" Interest Rate Calculation: "The interest rate on this deposit is equal to the discount rate of
BCU Brings 3-Month CD Back With Outstanding Rate
Deal Summary: 3-month CD (1.15%APY), 3-month Rewards CD (1.25%APY), minimum $500 deposit. Availability: Five northeast Illinois counties and one southeast Wisconsin county; nearly 100 SEGs. In August, I wrote about
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