Southern Advantage

Checking that Earns.

Don’t let your money just sit there doing nothing. Earn interest with a Southern Advantage account. Perfect for those want to earn a higher return on their checking account.

Mother holding son in kitchen

Account Details

Here’s what you can expect:

  • 2.01% Annual Percentage Yield (APY)¹ on balances up to $25,000
  • 0.05% APY¹ on the portion of balance over $25,000.01
  • $500 minimum deposit to open an account

Earning Interest is Easy

To qualify, simply do the following in your Southern Advantage Account each monthly qualification cycle. And if you don’t qualify for the full rewards one month, don’t worry! You can always get right back to earning 2.01% APY¹ the next month you qualify.

  • Make at least 20 debit card purchases² AND
  • Have at least one recurring direct deposit, automatic payment (ACH), or auto debit.

Interest Rates

2.01% APY

Balances of $0.01 - $25,000.00 receive 2.01% APY.

Rate: 1.99%

0.05% APY

Balances of $25,000.01 and higher receive 0.05% APY on the portion of the balance over $25,000.01.

Rate: 0.05%

0.05% APY

All balances receive 0.05% APY if qualifications are not met.

Rate: 0.05%


A $5.00 monthly service fee³ applies, but can be easily avoided by:

  • Maintaining a minimum daily balance of $5,000, or
  • Enrolling in electronic statement.

Account available to residents of Missouri, Arkansas, and Illinois only.


1 APY = Annual Percentage Yield. APY’s accurate as of June 1, 2021. Rates may change at any time. If qualifications are met each monthly qualification cycle, balances up to $25,000 receive APY of 2.01% and balances over $25,000.01 earn 0.05% APY on a portion of the balances over $25,000.01, resulting in 2.01% - 0.05% APY depending upon balance.

2 If qualifications are not met, all balances earn 0.05% APY. Qualifying transactions must post to and settle account during monthly qualification cycle. Transactions may take one or more banking days from the date that the transaction was made to post and settle the account. “Monthly Qualification Cycle” means a period beginning the first day of the month and ending the last day of the month; which is the same date period as your statement cycle. Accounts are available to Missouri, Arkansas and Illinois residents and for personal use only. Effective June 1, 2021.

Ready to open a Southern Advantage Account?