Estate planning at Renasant Bank

Yes. Renasant Bank is an FDIC-insured institution. POD beneficiaries receive separate FDIC insurance coverage of up to $250,000 per beneficiary per depositor. Trust accounts are also FDIC insured based on the number of qualifying beneficiaries, up to the maximum allowed by FDIC rules.

Renasant Bank allows you to designate primary and contingent beneficiaries on Traditional, Roth, Self-Directed, Rollover, SEP, SIMPLE, and Spousal IRA accounts. Beneficiaries can include individuals, trusts, charities, or estates. A trust named as IRA beneficiary requires the full legal trust name, date, and tax identification number. In community property states, spousal consent may be required when naming a non-spouse beneficiary.

Renasant Bank offers three checking accounts: Rewards Extra Checking (interest-bearing with cell phone insurance, roadside assistance, and discounts at $6.50/month), Interest Checking, and Simple Checking. Savings options include Regular Savings, Rewards Savings (companion to Rewards Extra Checking), Children's Savings (no fees for ages 18 and under), Personal Money Market ($2,500 minimum), and Health Savings Account ($50 minimum). CD products include standard CDs ($1,000 minimum) and CD Specials ($10,000 minimum). All deposit accounts except Children's Savings and HSA support POD beneficiary designations and trust titling.