1 APY = Annual Percentage Yield. APY is accurate as of the last dividend declaration date and is subject to change after the account is opened. The premium rate is equal to 4.59% APY paid on Premium Checking balances up to $10,000, and 0.10% APY on funds exceeding $10,000. Rates are subject to change. If minimum qualification requirements are not met during the monthly qualification cycle, the rate of 0.10% will apply to the entire balance of the Premium Checking account.
To qualify for the premium rate, each month, complete all of the following requirements: 1) make at least ten (10) debit card transactions of $3.00 or more initiated and cleared within a given statement cycle. Transactions must settle and post to the associated account between the first day of the month and the second to last day of the month before 6pm EST. 2) make a qualifying direct deposit of $500 or more 3) be enrolled in eStatements 4) be enrolled in Online Banking.
A qualifying direct deposit is an electronic credit ($500.00 or greater) of your salary, pension, Social Security, or other regular monthly income deposited into your checking account by your employer or other outside agency. Transfers made from one account to another or deposits made via a branch, ATM, online transfer, or mobile device are not eligible direct deposits.
Must be 18 years of age or older to open a Premium Checking account. One Premium Checking account is allowed per tax identification number. Other restrictions and eligibility requirements, including creditworthiness, may apply. Account qualifications are subject to change.
This account does not qualify for the following Overdraft Services: Overdraft Privilege or Overdraft for ATM and Everyday Debit Card Transactions. Other Overdraft Services fees may apply.
2 No minimum deposit required when opening an AllSouth Checking account in person at one of our locations. A minimum initial deposit of $25.00 is required when opening an AllSouth Checking account online. All other fees apply.
3 Minus any existing first mortgage balance. Home equity products are available in the state of South Carolina. Property insurance is required. Flood insurance may be required. Other restrictions may apply.
4 APR = Annual Percentage Rate. Rates and terms are subject to change without notice.