Effective March 1, 2026, a $3 monthly Paper Statement Fee will apply to Essential Savings Accounts. Avoid the fee — switch to FREE eStatements today! For info, Click Here.
FDIC-Insured - Backed by the full faith and credit of the U.S. Government
Are you financially prepared for the next storm?
Open a Mississippi TAX FREE First Catastrophe Savings, and you can be!
- Minimum Account opening is $100.00.
- Maximum balance is based on your insurance and deductible.3
Get Started
A Catastrophe Savings Account (CSA) is a tax-advantaged regular savings or money market account. It must be established by a Mississippi Income taxpayer to assist with post-catastrophe losses or to self-insure all or a portion of one’s home.
- Contributions and distributions are excluded from Mississippi Taxable Income.1
- Funds can be used to pay insurance deductibles, catastrophic event damages to your home, and/or self-insured losses to your primary residence home.2
- Deposit up to a maximum of $15,000.00, based on your qualified insurance deductible.3
- Self-Insured Homeowners can deposit up to a maximum of $350,000.00 based on the value of their home.3