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Best Checking Account Rates in Alabama: 2010

Consumer Guide and Small Business Guide to the Best Banks in Alabama. Grow your finances faster with interest checking accounts.

Best Alabama Checking Account Rates:

SouthPoint Bank 4.00% APY Checking Account Deal still topping the best Checking Account Rates in Alabama. The requirements for this rewards checking account is a daily balance below $100,000, any daily balance above $100,000 only offers a rate of just 1.00% APY rate.

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SouthPoint Bank is member FDIC (insured up to $250,000) and has Alabama branches in Birmingham, Gardendale, Mobile, Trussville and Vestavia Hills.

  • No monthly maintenance fee
  • No minimum balance requirements
  • Unlimited check writing
  • Free Check Card
  • Free Online Banking with Bill Pay
  • Legacy Federal Credit Union, a Federal Insured Credit Union, offers a 3.00% APY rate for their checking accounts. This rate is only good on deposits of less than $2,500. On the remaining balances over $2,500 earn a 0.50% APY rate.

    To earn this rate you need to: Enroll and receive electronic statements, Make 12 debit card transactions posted to account, Have 1 direct deposit to the account OR 1 automatic payment via ACH (Automated Clearing House) entry, and Access online banking at least once.

    • 3% APY (annual percentage yield) on balances up to $25,000 (when qualifications are met)
    • No minimum balance required
    • ATM’s refunded monthly nationwide (up to $20 per month when qualifications are met)
    • No monthly service charges

    The other top checking accounts in Alabama include:

    1. Alabama Telco Credit Union has a checking account at 0.50% yearly percentage yield (APY) with the required daily balance of $1k.
    2. First Jackson Bank has a checking account at 0.50% yearly percentage yield (APY) with the required daily balance of $25.
    3. Nexity Bank has a checking account at 0.50% yearly percentage yield (APY) with the required daily balance of $500,
    4. The First National Bank of Atmore has a checking account at 0.40% yearly percentage yield (APY) with the required daily balance of $50,
    5. Keystone Bank has a checking account at 0.25% yearly percentage yield (APY) with the required daily balance of $12.50.
    6. Park Community Federal Credit Union has a checking account at 0.25% yearly percentage yield (APY) with the required daily balance of $12.50.
    7. Community Bank has a checking account at 0.25%  yearly percentage yield (APY) with the required daily balance of $12.50.
    8. Worthington Federal Bank has a checking account at 0.25% yearly percentage yield (APY) with the required daily balance of $12.50.
    9. Community Bank of Mississippi has a checking account at 0.25% yearly percentage yield (APY) with the required daily balance of $12.50.
    10. Tuscaloosa Teachers Credit Union has a checking account at 0.25% yearly percentage yield (APY) with the required daily balance of $12.50.
    11. First Community Bank (AL) has a checking account at 0.20% yearly percentage yield (APY) with the required daily balance of $5k.
    12. CharterBank has a checking account at 0.20% yearly percentage yield (APY) with the required daily balance of $2,500.
    13. Four Seasons Federal Credit Union has a checking account at 0.20% yearly percentage yield (APY) with the required daily balance of $1k.
    14. Union State Bank has a checking account at 0.15% yearly percentage yield (APY) with the required daily balance of $1,500.
    15. CB&S Bank has a checking account at 0.15% yearly percentage yield (APY) with the required daily balance of $7.50.
    16. First United Security Bank has a checking account at 0.15% yearly percentage yield (APY) with the required daily balance of $7.50.
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