MidSouth Community FCU (GA) iChecking Earns Up To 5.01% APY


Deal Summary: iChecking, tiered APYs (5.01%, 4.01%, 3.00%, 2.00%) up to $10k based on number of debit card transactions.

Availability: Residents of the Georgia counties of Baldwin, Bibb, Crawford, Hancock, Houston, Jones, Monroe, Peach, Pulaski, Putnam, Twiggs, Washington, and Wilkinson.

MidSouth Community Federal Credit Union’s (MidSouth Community) iChecking account can earn up to 5.01% APY on balances up to $10k, but this Rewards Checking account (RCA) is structured differently than most RCAs.

The more you swipe your debit card, the greater the earning possibility.

The iChecking has a core of qualifying requirements that must be met, but its four APYs are based on the number of monthly debit card transactions. A minimum average of $5 per “swipe” is required to qualify for the monthly transaction count.

5.01*%-$10kMidSouth Community Federal Credit UnioniChecking 50+ Transactions
OTHER TIERS: 0.10% $10k+
4.01*%-$10kMidSouth Community Federal Credit UnioniChecking 40-49 Transactions
OTHER TIERS: 0.10% $10k+
3.00*%-$10kMidSouth Community Federal Credit UnioniChecking 30-39 Transactions
OTHER TIERS: 0.10% $10k+
2.00*%-$10kMidSouth Community Federal Credit UnioniChecking 20-29 Transactions
OTHER TIERS: 0.10% $10k+
Rates as of November 26, 2022.

The following qualifying requirements must be met in addition to the above debit card transactions:

  • Have at least one Direct Deposit per calendar month.
  • Log into Home Banking at least once per month.
  • Be enrolled in e-Statements.
  • Have a valid e-mail address.

The iChecking account can be opened with a minimum $25 deposit, and there is a limit of one account per membership. There are seven free foreign ATM transactions per month. MidSouth Community is also a member of the CO-OP Shared Branch Network, providing members with access to more than 5,000 branches nationwide.


Headquartered in Macon, Georgia, MidSouth Community Federal Credit Union’s field of membership (FOM) is residency based, with individuals who live, work, worship, or attend school in the Georgia counties of Baldwin, Bibb, Crawford, Hancock, Houston, Jones, Monroe, Peach, Pulaski, Putnam, Twiggs, Washington, and Wilkinson, eligible for membership.

Joining MidSouth Community and/or opening an iChecking account can be done at any of eight Georgia branches located in Macon (4), Milledgeville (2), and Warner Robins (2).

MidSouth Community’s online banking platform is currently limited to account management and bill payment services.

Credit Union Overview

MidSouth Community Federal Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 1.80% (excellent) based on March 31, 2017 data. In the past year, MidSouth Community has increased its total non-brokered deposits by $12.17 million, an excellent annual growth rate of 5.99%. Please refer to our financial overview of MidSouth Community Federal Credit Union (NCUA Charter # 1410) for more details.

Like so many other credit unions, MidSouth Community Federal Credit Union was established to fill a void: during the Great Depression, two school principals developed an idea of forming a credit union because they felt educators were not being treated fairly by local lenders. Originally chartered in 1936 as the Bibb Teachers Federal Credit Union, MidSouth Community is the oldest, locally-owned financial institution in Macon, Georgia.

Over the next 60 years, the Credit Union’s size and scope grew, as membership was extended to more select employee groups. Based on the diversity of membership, a name change was in order, and in October 1996, MidSouth Federal Credit Union debuted. "Community" was added to the name in January 2010 to further describe the membership. Today, MidSouth Community has over 36,500 members and holds assets in excess of $252 million.

How iChecking Compares

When compared to the 40 High Yield Reward Checking Accounts tracked by DepositAccounts.com that are available within the FOM and have maximum qualifying balances of at least $10k, MidSouth Community Federal Credit Union’s iChecking APYs currently rank first (5.01%), fourth (4.01%), seventh (3.00%), and fourteenth (2.00%).

The above rates are accurate as of 7/7/2017.

To look for the best Reward Checking Account rates, both nationwide and in your state, please refer to our High Yield Reward Checking Account rates table or our Rates Map page.

Related Pages: Macon checking accounts, reward checking accounts

  |     |   Comment #1
50 monthly swipes earns you $50 per month (with $10,000 on deposit), - or $1 per minimum $5 transaction you must average almost two of per day.

  |     |   Comment #2
Although 5.01% is a good rate; only $10K limit with 50+ debit card transactions is simply not worthwhile.
  |     |   Comment #3
What if they offered 10% for 100+ monthly transactions?

This is a silly gimmick.
MidSouth Community FCU Raises Rate on 20-month Certificate Special

In early October, MidSouth Community Federal Credit Union (Georgia) raised the rate on its 20-month Certificate Special to 1.30% APY. The minimum opening deposit is $1K and there is no maximum balance cap. According to CSR, the Early Withdrawal Penalty is one quarter's (three months) interest.

The 20-month Certificate Special is also available as an IRA (Traditional and Roth), with the same funding requirements.


MidSouth Community Federal Credit Union (MidSouth) is a residency based credit union, with individuals who live, work,...

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