Premium Checking Account

PREMIUM CHECKING

Earn 4.59% APY¹

A high-yield checking account with the convenience of everyday banking.

✅ Earn a premium dividend rate of 4.59% APY on balances up to $10,000.¹

✅ No maintenance fees.²

✅ No minimum balance.

✅ Digital tools that make managing money easy.

Open Your Account

Why Choose Premium Checking?

It fits right into your everyday routine while helping your money do a little more behind the scenes.

Earn a Premium Rate.

Make the most of your everyday balance. Earn 4.59% APY on your first $10,000 when requirements are met and 0.10% APY on funds exceeding $10,000.¹

Access 30,000+ ATMs.

Your money is always within reach, with access to over 30,000+ fee-free ATMs. Plus, we won't charge for out-of-network ATM use.³

Tap to Pay.

Pay safely in seconds, just tap to pay with your contactless card. Plus, you can add your card to your phone's Mobile Wallet.

Early Payday

Set up direct deposit to your Checking account and receive your paycheck up to one day earlier.⁴

Categorize Your Spending

Keep track of your purchases, create budgets, and analyze your spending.

Bill Pay

Conveniently pay all of your bills from one place (no postage required) using Bill Pay services.

Visa Debit Card

Our Debit Cards are contactless so you no longer need to insert or swipe your card. Just tap your card at checkout and go!

Earning Premium Dividends is Easy

When you open your account, you'll automatically enjoy the premium rate for your first month. After that, keep up with a few quick monthly activities to keep earning 4.59% APY.¹

Enroll in eStatements & Online Banking

Opt into eStatements and Online and Mobile Banking. It’s easy to sign up for these when opening your account!

Set Up Direct Deposit

Complete at least one qualifying direct deposit of $500 or more per month.

Use Your Debit Card

Complete 10 or more Debit Card transactions of $3.00 or more per month.

How Your Rate is Applied

Balance Tier	APY¹	When This Applies
$0–$10,000	4.59% APY¹	Requirements met
Above $10,000	0.10% APY¹	Balances over $10,000
Any balance	0.10% APY¹	Requirements not met

Is This Account Right for You?

This is a good fit if:

You want to earn higher dividends on everyday checking.
You regularly use your debit card.
You receive direct deposits of $500 or more each month.
You’re comfortable using Online and Mobile Banking features.

This may not be the best fit if:

You prefer a low-maintenance checking account.
You rarely use your debit card.
You don’t receive at least $500 in direct deposits each month.
You prefer not to use Online and Mobile Banking features.

Ready to earn more from your checking?

Unlock more earnings and open your account online in less than 5 minutes today.

Open Your Account

What AllSouth members are saying about their experience...

They are always professional and very kind! This a great credit union to do your business with. I’m happy I switched from the big bank to here.

– Eddie T. (2025)

The app allows you to handle business that you’d otherwise have to go into a branch to handle… Up to date and dependable.

– Teague (2025)

AllSouth has always protected my account, and reps are very cordial, getting to the root of answering my questions and offering their best advice in any bank related issue.

– Angela I. (2025)

FAQs

Why AllSouth?

When you join AllSouth, you’ll get personal attention from dedicated team members, accounts with simple features to help you get your banking done, loan options to help you purchase a new car or home, and so much more. As a credit union, we’re member-owned. This means our members are our priority and we’re here to help you reach your financial goals. We invite you to join our growing family today.
Where is AllSouth located?

We have over 20 locations throughout the Midlands of South Carolina. View our list of locations to find the one closest to you.
What will I need to open an account online?
- Be 18 years of age or older
- Social Security Number or Individual Taxpayer Identification Number
- U.S. Government or State Issued ID
- Contact information, such as address and phone number
- If you want another person on your account as a joint member, they will need to submit their information too.
Is my money secure with AllSouth?

AllSouth Federal Credit Union is federally insured by the National Credit Union Administration (NCUA), an agency of the federal government. All deposit accounts are insured up to $250,000 per credit union member. We make it a priority to keep your personal information safe and secure. Remember, the best way to keep your money secure at any financial institution is to be aware of the current types of scams to look out for.

How do Premium Checking account fees compare to fees at other financial institutions?

AllSouth’s Premium Checking

National Average

Monthly Maintenance

$0.00

$5.47⁵

Overdraft Transfer from Savings

$4.00

$27.08⁵

Out-of-Network ATM Fees

$0.00³

$4.77⁵

Insufficient Funds (NSF)

$0.00

$17.72⁵

Premium Checking