All America Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.50% | Money Market | |
| 3.00% | Reward Checking | 2.15% - National Average |
| 2.50% | 5-year CD | 3.10% - Barclays 60 Month Online CD |
All America Bank is headquartered in Oklahoma City and is the 40th largest bank in the state of Oklahoma. It is also the 1,596th largest bank in the nation. It was established in 1969 and as of December of 2018, it had grown to 104 employees at 7 locations. All America Bank's money market rates are 6X the national average, and it has an A health rating.
Related Posts
10/18 - All America Bank Pays 2.25% and 2.75% APY for MMA and Rewards Checking as of 10/22/18
6/22 - All America Bank Ups Mega Money Market Rate
2/22 - All America Bank/Redneck Bank's MMA Rate Jumps
6/21 - Mega MMA Rate Now 1.50% APY
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
Awesome Bank
I opened the Mega Money Market account last year and have been extremely please with customer service and their rates. They just raised interest rates to 2.5% and increased their maximum balance from $35,000 to $50,000. Their daily transfer rate for ACH transfers from your checking account is $5,000 but with prior approval you can increase this, so I called the Mustang office and the lady who answered the phone took care of my request and I was able to complete the transfer with the app on my iPhone. Very convenient and easy customer care with this bank. I don't live in Oklahoma but the app and easy phone calls make it seem like they are just around the corner.
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. Fast service with a smile.
Be Careful Of These Gotchas!
ACCOUNT TYPE:
Mega Money Market is a personal NOW checking account that offers a high interest rate of 1.50% APY for balances up to $35,000. Balances over $35,000 earn .50% APY only.
Monthly Statements:
Are received electronically. The monthly statement cycle ends on the 20th of every month. If the 20th falls on a Saturday, the cycle will cut off on the 19th (the Friday before) and if the 20th falls on a Sunday, the cycle will cut off on the 21st (the following Monday).
INTEREST:
Interest compounds monthly and is credited monthly. If the account is closed before the interest is credited you will not receive the accrued interest for that cycle.
DORMANT ACCOUNT:
A $10.00 per billing cycle fee will be charged if you have not made a withdrawal or deposit to your account for an extended period of time and we have been unable to contact you, your account may be classified as dormant by us.
NOTE:
They do not specify anywhere on their documentation what is considered "an extended period of time", but users report that after 1 year of inactivity the bank started to deduct $10.00 each month. Also no user on the forums has reported that AmericaNet Bank ever tried to contact them about their account being dormant, before proceeding to hit them with the $10.00 monthly dormancy fee.
24 Jun 17 Updated interest rate offered
Great Bank!!! Debbie Is Great There!
I have nothing but great things to say about this bank, also known as Redneck Bank. I started with a rate of over 5% and only required to use 10 debits a month. The rate is now 2 % but they now offer Money Market accounts at 1.5% but still not a bad rate for 2017.
I highly recommend this bank and they have fantastic customer service. Keep up the great work guys!!
I will continue with this bank!
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 20093 |
| Year Established | 1969 |
| Employees | 104 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.76% |
| Return on Equity - YTD | 16.9% |
| Annual Interest Income | $22.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $438.5MM$410.3MM |
| Loans | Q4 2018vs Q4 2017 | $365.7MM$327.2MM |
| Deposits | Q4 2018vs Q4 2017 | $361.7MM$337.4MM |
| Equity Capital | Q4 2018vs Q4 2017 | $44.2MM$43.1MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $3.1MM$3.0MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $4.1MM$5.7MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $539.00K$308.00K |
Always verify rates and promotions with the bank or credit union. We are not All America Bank; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
All America Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.25% | $100 | - | Variable IRA | |
| 0.50% | - | - | Regular Savings |
All America Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.50%* | - | $50k | Mega Money Market Account | ||
| OTHER TIERS: 0.50% → $50k+ | |||||
| 1.25%* | $100k* | - | Super Savers MMDA | ||
| OTHER TIERS: 0.25% → $100 - $2.5k | 0.60% → $2.5k - $25k | 0.80% → $25k - $50k | 0.90% → $50k - $75k | 1.05% → $75k - $100k | |||||
All America Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 3.00% | - | $10k | Ultimate Rewards Checking | ||
| 0.40%* | $2.5k* | - | Now Account | ||
| OTHER TIERS: 0.10% → Up to $1.5k | 0.25% → $1.5k - $2.5k | |||||
All America Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.50% | $500 | - | 5 Year CD | |
| 2.50% | $500 | - | 4 Year CD | |
| 2.35% | $500 | - | 3 Year CD | |
| 2.10% | $500 | - | 2 Year CD | |
| 1.90% | $500 | - | 1 Year CD | |
| 1.50% | $500 | - | 6 Month CD |
| All America Bank Locations | ||
|---|---|---|
| Mustang Branch | 44 West State Hwy 152 | Mustang, OK 73064 |
| All America Bank | 200 South Rockwell Avenue | Oklahoma City, OK 73128 |
| Cache Branch | 605 South 8th Street | Cache, OK 73527 |
| Elgin Branch | 8207 Ushwy 277 | Elgin, OK 73538 |
| Medicine Park Branch | 24077 State Hwy 49 | Medicine Park, OK 73557 |
| Bank Of The Wichitas Branch | 623 E Street | Snyder, OK 73566 |
| Southwest State Bank Branch | 122 East Main Street | Sentinel, OK 73664 |