Sunbelt Fed Credit Union's Advantage Checking Has Competitive Rate


Deal Summary: Advantage Checking, 3.00% APY on qualifying balances between $100 and $20k.

Availability: Residents of seven Mississippi counties.

Last week, I discussed the competitive long-term Share Certificates currently available at Sunbelt Federal Credit Union (Sunbelt FCU). Another competitive product offered by Sunbelt FCU is their rewards checking account (RCA), Advantage Checking, which currently earns 3.00% APY on qualifying balances between $100 and $20k. Qualifying balances over $20k earn 0.50% APY, with non-qualifying balances earning 0.25% APY.

1.51*%$100$20kSunbelt Federal Credit UnionAdvantage Checking
OTHER TIERS: 0.50% $20k+
Rates as of May 29, 2020.

Sunbelt FCU has a long history of having an RCA in its product line. I first wrote about the Advantage Checking account in 2008, when the APY was 6.01% on qualifying balances up to $25k. As you can see from the table below, the 3.00% APY has been in effect for more than eight years.

Advantage Checking Rate History

Monthly Qualifying Requirements

  • At least 10 MasterCard Credit/Debit Card* purchases per month totaling at least $100.
  • At least one ACH/Direct Deposit each month
  • Enrollment in Cloud Documents (eStatements)
  • Must not be subject to backup withholding: “Accounts with backup withholding will be converted to our regular checking account.”

*While the Advantage Checking page reads “MasterCard Credit Card,” the Rates & Service Charges page states “MasterCard Debit Card.” CSR confirmed that both credit and debit card purchases can be used to fulfill the monthly purchase requirement.

Unlike most RCAs, the Advantage Checking account has a minimum balance requirement ($100), but no minimum opening deposit. Non-qualifying accounts are subject to a $3 monthly service charge. Nationwide ATM fees will be reimbursed up to $25 per month, if qualifications are met. (Sunbelt FCU participates in the Allpoint ATM networks.) An Advantage Checking account can be opened by individuals, 18 years or older, with a limit of one account per Social Security number. Businesses, DBAs, Trusts, and Minor accounts cannot open an Advantage Checking account.


Headquartered in Laurel, Mississippi, Sunbelt Federal Credit Union’s field of membership (FOM) is primarily residency-based, with individuals who live, work, worship, attend school, or volunteer in the Mississippi counties of Jones, Pike, Simpson, or Wayne, or select parts of Covington, Forest, or Lamar Counties, eligible for membership.

Employees of more than 150 Select Employment Groups (including several Mississippi school districts) also qualify for membership.

Immediate family members of any current Sunbelt FCU member or membership-eligible individuals are also welcome to apply.

Joining Sunbelt FCU and/or opening an Advantage Checking account can be done at any of 11 full-service Mississippi branches located in Biloxi, Ellisville, Gulfport, Hattiesburg (3), Laurel (2), Magee, McComb, and Waynesboro.

Establishing a Sunbelt FCU membership requires a minimum $5 deposit in a Regular Share savings account.

Sunbelt FCU participates in the CO-OP Share Branch network and the Allpoint ATM network.

Credit Union Overview

Sunbelt Federal Credit Union has an overall health grade of "A" at, with a Texas Ratio of 3.01% (excellent) based on December 31, 2019 data. In the past year, Sunbelt FCU has increased its total non-brokered deposits by $7.36 million, an excellent annual growth rate of 4.29%. Please refer to our financial overview of Sunbelt Federal Credit Union (NCUA Charter # 8905) for more details.

Chartered in 1953, Sunbelt Federal Credit Union was originally known as the Masonite Employees Federal Credit Union. (Masonite is a type of engineered wood, which was patented in 1924 in Laurel, Mississippi, by William Mason, a friend and protégé of Thomas Edison.) The Credit Union’s name was changed to Central Sunbelt Federal Credit Union in 1983, following an FOM expansion that included a variety of employee groups. “Central” was dropped from the name in 2019, as the Credit Union’s footprint stretched across the state. Sunbelt FCU is currently the fourth largest credit union in Mississippi, with more than 37,000 members and assets in excess of $226 million.

How Advantage Checking Compares

When compared to the High Yield Rewards Checking Accounts tracked by that are available within the FOM with qualifying balances of at least $20k, Sunbelt Federal Credit Union’s Advantage Checking APY currently ranks second.

Interest RateAccount NameCredit Union/Bank
3.30% APYVertical Checking ($20k max)Evansville Teachers Federal Credit Union
3.00% APYAdvantage Checking ($20k max)Sunbelt Federal Credit Union
2.33% APYPerformance Checking ($20k max)Department of Commerce Federal Credit Union

The above rates are accurate as of 5/21/2020.

To look for the best Reward Checking Account rates, both nationwide and state specific, please refer to our High Yield Reward Checking Account Rates Table page.

Related Pages: Hattiesburg checking accounts, Jackson checking accounts, Biloxi checking accounts, reward checking accounts

Sunbelt Federal Credit Union (MS) Long-Term CDs Remain Competitive
Deal Summary: Share Certificates – 36-month (1.91% APY), 48-month (2.27% APY), 60-month (2.52% APY), $500 minimum deposit.

Availability: Residents of seven Mississippi counties.

The rates on Sunbelt Federal Credit Union’s (Sunbelt FCU) 36-month Share Certificate (1.91% APY), 48-month Share Certificate (2.27% APY) and 60-month Share Certificate (2.52% APY) have been in effect for almost a year. Any of the Share Certificate can be opened with a $500 minimum deposit, with no stated balance cap.

As stated in the Rates & Services Charges disclosure, the Early Withdrawal Penalty...

Continue Reading
Updated Review of Reward Checking Account at Central Sunbelt FCU in MS

All reward checking accounts that have been around for at least five years have seen at least some rate cuts, and many have also had balance cap reductions. Several have been big disappointments with large cuts, but there are a few that have held up well. One of those is the Advantage Checking account at Central Sunbelt Federal Credit Union in Mississippi. I first reviewed this account in June 2008 when it had a 6% APY with a $25K balance cap. Below are the new rates and balance cap listed...

Continue Reading
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...

Continue Reading

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.