All America Bank is headquartered in OKLAHOMA CITY and is the 39th largest bank in the state of Oklahoma. It is also the 1,511th largest bank in the nation. It was established in 1969 and as of June of 2024, it had grown to 118 employees at 7 locations. All America Bank has a C+ 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
11/18/20 - **NOTE** Nov 23, 2020 Rate Drop To 0.7%/0.5%
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
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
1/11/11 - Today's Top 3 Liquid Bank Accounts: Checking, Savings & Money Market
8/6/10 - Top Money Market Rate Continues at AmericaNet Bank and Evantage Bank
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
Good Bank.
I've had an account with them for 5+ years. No real problems. They answer their phone promptly during business hours and are kind and helpful. Their interest rates are usually better than 90% of other banks and I've never had to deal with any unreasonable restrictions. They aren't always the rate leader but are often pretty close. I keep an account open with them for the times it makes sense to park money there.
Zero Complaints So Far!
6 months ago I decided to open AABank's mega money market checking acct for quite a few reasons: their rates seemed to stay consistently in the top tier compared to other big names, new/higher rates are applied automatically to existing accounts (no need to call and ask for the new rate or to make a new account each time), I liked the idea of real people answering the phone whenever I called (during business hours), their reviews were above average everywhere I looked (happy customers don't seem to feel as inclined to leave reviews as UNhappy customers), there's no fees to park money for passive growth (or for 6 withdrawals per cycle), and the included debit card allowed immediate access in the event of an emergency.
Fast forward to now and I can honestly say I have no complaints thus far. Opening the account was simple enough and it was fully functional within a week. I treat it like a standard savings account so the transfer limits don't really bother me and I still have a checking account with my old bank that I use to initiate transfers in and out of which shortens the transfer time to 24 hrs or less. The website isn't super fancy but it does exactly what I need it to do without lagging or crashing and I can login with my fingerprint so accessing my account is an absolute breeze.
There was one time I had a question that I couldn't find the answer to online so I called one of their brick and mortar locations (in Oklahoma I think) and a real live person answered the phone immediately without the usual 10-minute menu BS! She was pleasant and personable, answered my question directly without transferring me or putting me on hold for an hour, and I didn't get the feeling that she was rushing to end the call! With online bank accounts like this that hold a large part of my savings, that kind of service really matters to me.
They may not be the right fit for everyone, but they've been great for my needs and I would highly recommend considering them before you look elsewhere.
*****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.
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
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.
IRA Savings Only Available In Branch - In Oklahoma
Currently great rate for IRA Savings, but only available by going to a branch - in Oklahoma only.
Also, it's an unusual savings account in that you need to commit to keep the money in the account for a year at a time, like a CD.
Good customer service, though: phone call was answered quickly and questions answered.
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 20093 |
| Year Established | 1969 |
| Employees | 118 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.75% |
| Return on Equity - YTD | 7.64% |
| Annual Interest Income | $20.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $611.9MM$586.6MM |
| Loans | Q2 2024vs Q2 2023 | $484.6MM$504.4MM |
| Deposits | Q2 2024vs Q2 2023 | $548.4MM$539.7MM |
| Equity Capital | Q2 2024vs Q2 2023 | $61MM$45.3MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $6.5MM$6.5MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $13.9MM$3.5MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $1.1MM$96K |