All America Bank is headquartered in OKLAHOMA CITY and is the 41st largest bank in the state of Oklahoma. It is also the 1,567th largest bank in the nation. It was established in 1969 and as of March of 2023, it had grown to 120 employees at 7 locations. All America Bank's money market rates are 11X the national average, and it has a B+ health rating.
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5/20 - All America/Redneck Bank Deposit Rate Increase
4/21 - All America Bank/Redneck Bank Up Money Market and Reward Checking Rates
4/21 - All America Bank And Redneck Bank Increased Rates On MMM & Reward Checking Accounts
12/21 - All American Bank Now At 4.25% Up To $75K
11/19 - Rate Increase 4-4.25%
10/18 - AA Bank Up To 3.05% Effective 10-21
6/22 - Mega Money Market® 1.35% APY
5/13 - Mega Money Market Checking Increasing Rate From .55 To .85
3/17 - Higher Rates Effective March 22, 2022
8/17/20 - Slight Rate Drop Effective 8/21/20
7/9/20 - Rate Drop 7/21/20
6/11/20 - All America Bank Mega Money Market Rate Drop
6/11/20 - MMM Effective 6/22/2020 1.09% APY
5/21/20 - Rate Drop 1.6/1.35% 5/20/20
5/21/20 - MMM 1.35% Effective May 21, 2020
3/6/20 - All America Bank/Redneck Bank Mega Money Market - "Effective March 21, 2020 The Rate Is Changing, 1.50% APY*"
10/4/19 - All America Bank - Mega Money Market Checking To 2.25% From 2.40% On 10/22/19
10/3/19 - Effective 10/22/19 The Money Market Yield Will Decline To 2.25%
1/23/19 - All America Bank/Redneck Bank Ups Mega Money Market to 2.50% APY
10/19/18 - All America Bank/Redneck Bank Boosts Mega MMA Rate
10/18/18 - All America Bank Pays 2.25% and 2.75% APY for MMA and Rewards Checking as of 10/22/18
6/22/18 - All America Bank Ups Mega Money Market Rate
2/22/18 - All America Bank/Redneck Bank's MMA Rate Jumps
6/22/17 - All America Bank's Mega Money Market Now Earns 1.50% APY ($35k Max)
6/21/17 - Mega MMA Rate Now 1.50% APY
10/7/15 - Money Market Rate Jump
2/24/14 - AmericaNet, Redneck and Evantage Banks Cutting Reward Checking Rates - Still Worthwhile?
8/18/13 - Mega Money Market Account Rate Drop
12/31/12 - Americanet's Dormant Account Fee
12/14/12 - AmericaNet, Redneck and Evantage Banks Reopen Their Reward Checking Accounts
11/2/12 - Mega Money Market Rate Increasing Later This Month
3/7/12 - Can't Log In To AmericaNet Bank Account
1/25/12 - Bank-To-Bank Transfer Service Discontinued
11/16/11 - "Gotchas" In The Americanet Bank Online Agreement And Disclosure
6/21/11 - Americanet, Evantage, Redneck Banks Cutting Rates By 0.25%
3/17/11 - Rate Cut At America Net Bank Mega Money Market Checking Account
2/23/11 - Americanet Bank Cuts Rate On Rewards Checking From 3.75% To 3.25% APY
2/6/11 - AmericaNet's Mega Money Market & Rewards Checking are Sold Out
1/11/11 - Americanet 3.75%RCA 10K Cap/1% >10K 10 Debit Txns
8/6/10 - Top Money Market Rate Continues at AmericaNet Bank and Evantage Bank
6/7/10 - Another Reader Hit By Americanet's Inactivity Fee
6/3/10 - Update on the Huckabay's Internet Banks and Their Top Rates
3/11/10 - Savings Accounts Remain Competitive at Redneck Bank and its Two Sister Banks
5/25/09 - 4.00% Reward Checking Account at Evantage Internet Bank
4/22/09 - Rate Cuts at Redneck Bank and Its Sister Banks
4/22/09 - 4.00% Reward Checking Account at AmericaNet Bank - Nationally Available
4/10/09 - Redneck Bank Stops Accepting New Applications
3/17/09 - 5.25% Reward Checking Account at an Oklahoma Bank (All America)
3/12/09 - News and Updates for Redneck Bank and Its Two Sister Banks
Rate Increase - 3/21/23
Overnight the rates went up again
Mega Money Market personal checking....
4.55% APY* on up to $75,000.
Ultimate Rewards personal checking account...
4.80% APY up to $15,000
Almost An Excellent Bank
The only thing this bank needs is like many other online banks, it needs a better website. Customer Service is excellent, they actually have humans who work here.
*****12/21/22 Rate Increase ***** 4.25/4.5%
Now you’re talkin’! Yippee!
Rewards checking: 4.5% ($15K max, 10 debits)
Mega Money Mkt: 4.25% ($75K cap)
Per website.
NOTE: Today’s (1/5/23) Treasury auction result of 4.52% for the 8 week bill suggests to me that the chances are quite good that AA/RED rates are likely to be raised at least 1/4% on 1/21.
Good Overall, Sort Of?
Good basic bank overall, but I had 2 money market checking accounts (to get the higher yield) and verified with them in advance if it's ok to have 2 accounts and have a $0 balance in 1 of them, they said yes for a year and then the will close it after prior notice to avoid dormant fee. I eventually had 1 account with $0 balance to buy T-Bills at Treasury Direct, and linked both accounts together, after a couple of months 1 of my checking accounts were just gone (poof....like magic). I messaged the bank, and they said the account was closed. My sense is this is a small time bank that has a problem with empty accounts for a period of time, and on a side note they have very low liquidity.
Data as of Q1 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 20093 |
| Year Established | 1969 |
| Employees | 120 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.09% |
| Return on Equity - YTD | 12.96% |
| Annual Interest Income | $8.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2023vs Q1 2022 | $575.0MM$475.5MM |
| Loans | Q1 2023vs Q1 2022 | $483.7MM$391.9MM |
| Deposits | Q1 2023vs Q1 2022 | $527.7MM$412.8MM |
| Equity Capital | Q1 2023vs Q1 2022 | $46.2MM$47.2MM |
| Loan Loss Allowance | Q1 2023vs Q1 2022 | $6.3MM$6.0MM |
| Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $4.6MM$5.3MM |
| Real Estate Owned | Q1 2023vs Q1 2022 | $246.00K$299.00K |