All America Bank is headquartered in Oklahoma City and is the 45th largest bank in the state of Oklahoma. It is also the 1,756th largest bank in the nation. It was established in 1969 and as of June of 2022, it had grown to 116 employees at 7 locations. All America Bank's money market rates are 6X the national average, and it has a B health rating.
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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 - Slight Rate Drop Effective 8/21/20
7/9 - Rate Drop 7/21/20
6/11 - All America Bank Mega Money Market Rate Drop
6/11 - MMM Effective 6/22/2020 1.09% APY
5/21 - Rate Drop 1.6/1.35% 5/20/20
5/21 - MMM 1.35% Effective May 21, 2020
3/6 - All America Bank/Redneck Bank Mega Money Market - "Effective March 21, 2020 The Rate Is Changing, 1.50% APY*"
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
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.
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!
9/21/22 Rate Increase ***
9/21/22 **NOTE** Rate Increase To 2.9/2.5%
Rewards Checking: 2.9% ($10K max, requires 10 debits)
Mega Money Mkt:2.5% ($50K cap)
Per website.
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 20093 |
| Year Established | 1969 |
| Employees | 116 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.91% |
| Return on Equity - YTD | 19.39% |
| Annual Interest Income | $11.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $493.7MM$476.4MM |
| Loans | Q2 2022vs Q2 2021 | $413.7MM$381.4MM |
| Deposits | Q2 2022vs Q2 2021 | $415.5MM$429.1MM |
| Equity Capital | Q2 2022vs Q2 2021 | $46.7MM$46.9MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $6.3MM$5.6MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $5.5MM$4.3MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $299.00K$267.00K |