4.00% Reward Checking Account at a Mississippi CU (Central Sunbelt)

Update 9/07/09: The top rate has fallen to 4.00% APY.

Central Sunbelt FCU is offering a rewards checking account that pays 4.00% APY on balances up to $25,000 (1.02% for above) and refunds ATM fees up to $25 per cycle if the following monthly requirements are met:

• 10 debit card purchases
• one direct deposit or ACH debit
• receive electronic statements

If these are not met, the rate falls to 0.50%. There are no minimum balance requirements and no monthly service charges.

Membership is primarily based on select employee groups. Please refer to their Membership Page for more details. Membership requires a minimum balance of $50 in the share savings account.

Branches are located in the Mississippi cities of Hattiesburg and Laurel. The credit union is federally insured by the NCUA (Charter # 8905). It has $114 million in assets and 22,738 members.

Other Rewards Checking Accounts

To find reward checking accounts in other areas of the nation or to learn more about these accounts, please refer to my High Yield Checking website.

Rate History:
09/01/09: 4.00% APY up to $25K
03/01/09: 4.50% APY up to $25K
06/23/08: 6.01% APY up to $25K; 1.02% for above; 0.50% if requirements not met

Tags: Mississippi, Central Sunbelt Federal Credit Union, checking account, reward checking account