HOME Money Market

HOME Money Market

Start saving for your first home now — while earning competitive interest and enjoying tax advantages.*


It's one of the biggest purchases you'll ever make — and one of the most exciting! Start saving now so that you're financially prepared for the home of your dreams. This special account was designed to make it easier for you to buy your first home in Mississippi.

Summary
  • Tax-advantaged savings account for first-time homebuyers in Mississippi*
  • Funds deposited and interest earned is tax-deductible*
  • Higher rates than other savings accounts
  • Individual contributions up to $2,500 a year — couples up to $5,000 a year
  • No monthly maintenance fee
  • No minimum balance to maintain account
  • 6 free transfers/checks per month; $10 each thereafter
  • Save for a variety of single-family homes
  • Pay for a variety of housing costs
  • Free online banking and bill pay
  • Free eStatements
  • Free telephone banking
  • FDIC insured up to $250,000
  • $100 minimum deposit to open

For additional detail, see our HOME Money Market FAQ.


*State Bank & Trust Co. does not offer tax advice. Consult your tax advisor.