All America Bank/Redneck Bank Boosts Mega MMA Rate


Deal Summary: Mega Money Market, 2.25% APY on balances up to $50k, balances over $50k earn 0.50% APY, minimum $500 opening deposit.

Availability: Nationwide

The latest banks to raise their Money Market Account rates are the Oklahoma-based, All America Bank and its online “country cousin” division, Redneck Bank. Their Mega Money Market (MMM) accounts now earn 2.25% APY on balances up to $50k, with balances over $50k continuing to earn 0.50% APY.

2.25*%-$50kAll America BankMega Money Market Account
OTHER TIERS: 0.50% $50k+
2.25*%-$50kRedneck BankMega Money Market Account
OTHER TIERS: 0.50% $50k+
Rates as of January 22, 2019.

All America Bank and Redneck Bank first launched the MMM, along with the Rewards Checking Account, in 2008. Redneck Bank stopped accepting new customers in 2009, with All America Bank doing the same thing in 2011. Both Banks reopened their MMM accounts in 2012, and from that point on, the rates mirrored each other. Beginning in September 2013, the MMM experienced its lowest APY (0.90%), which lasted for more than two years. The yield increased to 1.25% in October 2015 and to 1.50% in June 2017. Throughout this entire time, the balance cap was $35k. This past February, the rate was raised to 1.75% APY, with the balance cap increased from $35k to $50k. June saw another rate increase to 2.00% APY.

Both accounts have no monthly maintenance fees or minimum balance requirements. The minimum opening deposit is $500, with a limit of one account per individual. A $5 fee will be charged for each additional withdrawal beyond the six free withdrawals per monthly cycle. There is a $3 monthly charge for paper statements, with eStatements available at no charge. Ten free Online Bill Pay transactions are allowed each month, with a 50¢ charge per transaction beyond the ten free transactions.

Rewards Checking Accounts

The rates on All America Bank’s Ultimate Rewards Checking and Redneck Bank’s Redneck Rewards Checking have also been increased to 2.75% APY on qualifying balances up to $10k. Qualifying balances over $10k earning 0.50% APY, with non-qualifying balances earning 0.25% APY.

2.75*%-$10kAll America BankUltimate Rewards Checking
OTHER TIERS: 0.50% $10k+
2.75*%-$10kRedneck BankRedneck Rewards Checking - Qualifying
OTHER TIERS: 0.50% $10k+
Rates as of January 22, 2019.

There were many comments (mostly complimentary) on my June blog post on All America Bank, including two from DA reader, deplorable1. As deplorable1 pointed out,

What is really great about All America/Redneck bank is that they keep hiking their rate so you don't need to close the account and open a new one to get the higher rate! Also you are not limited to linking only one external account for ACH transfers like most of the high yield offerings of late. They let you link as many accounts as you want. I have had nothing but good English speaking customer service from them. The only thing they could improve on is lifting the $5,000 cap on ACH transfers without having to call. This is by far my favorite online bank.

An individual can open the MMM account at both All America Bank and Redneck Bank which effectively doubles the cap to $100k per individual. In response to another comment concerning the $50k balance cap, delplorable1 stated,

real limit is $100,000 per SS# and $200,000 for a couple. You don't even need to set up another username and password both accounts show up on the home screen when you login and you get an additional 6 withdrawals per month.

Has your experience(s) with All America Bank and/or Redneck Bank met your expectations? Let us know!


Headquartered in Oklahoma City, All America Bank/Redneck Bank’s product lines are available to all U.S. citizens and resident aliens with a valid Social Security Number or Individual Tax Identification Number.

Opening an All American Bank Mega Money Market Checking can be done online, or at any of seven Oklahoma branches located in Cache, Elgin, Medicine Park, Mustang, Oklahoma City, Sentinel, and Snyder. Opening a Redneck Bank Mega Money Market account can only be done online.

Bank Overview

All America Bank/Redneck Bank has an overall health grade of "B+" at, with a Texas Ratio of 11.86% (above average) based on June 30, 2018 data. In the past year, the Bank increased its total non-brokered deposits by $9.17 million, an excellent annual growth rate of 2.9%. Please refer to our financial overview of All America Bank/Redneck Bank (FDIC Certificate # 20093) for more details.

Originally established in 1969 as The First Mustang State Bank, All America Bank is the latest chapter in the Huckabay family banking legacy. Straight out of a Horatio Alger novel, young T.C. Huckabay,

began our enterprise in 1927 in Mountain Park, Oklahoma. He was just a kid, even by today’s standards, a young strapping guy of 19. He started his career as the proof operator, teller and janitor. Through decades of hard work and good luck, he became the owner of two banks eventually known as Bank of the Wichitas® and Southwest State Bank.

Redneck Bank used to operate as a division of Bank of the Wichitas®, which merged into All America Bank in June 2015. Southwest State Bank, which operated Evantage Bank, also merged into All America Bank at the same time.

All America Bank is currently Oklahoma’s 42nd largest bank, with assets in excess of $414 million, and remains a community bank run by the second and third generations of “the banking Huckabays.”

How the Mega Money Market Compares

When compared to 186 Money Market Accounts tracked by that are available nationwide, All America Bank/Redneck Bank’s Mega Money Market APYs share the top spot with MemoryBank’s Online Money Market Account APY.

The above rates are accurate as of 10/18/2019.

To search for Money Market rates, both nationwide and state specific, please refer to the Money Market rates section of

Related Pages: Wichita Falls money market accounts, Oklahoma City money market accounts, money market accounts, reward checking accounts, nationwide deals, Internet banks

Low ACH limits
Low ACH limits   |     |   Comment #1
Three years ago, they ran a HARD credit pull on me, I do not know it they still do that today. I closed the account since, for low ACH limits.
How low can you go?
How low can you go?   |     |   Comment #2
How low are the limits?
aris   |     |   Comment #3
5K/day. You need to call for a larger amount.
Anonymous   |     |   Comment #4
Of course they raised the rate today, since I just finished moving my money out of that account.
Samehere   |     |   Comment #9
Same here!
rrr72258   |     |   Comment #5
5K a day limit. Is there a monthly limit?
RJM   |     |   Comment #6
I have been with these guys for most of the year. They did NOT run a hard pull on me. Their ACH limits are low but you can call or email for exceptions. (I did it several times)

Their website is very basic and you cannot even do simple things like change the amount or date of a transfer. You must cancel & replace.

The $50k limit also applies for the 2.25% rate which does not make it good for larger amounts. The good news is they seem to raise the rate every so often to remain somewhat competitive.(It has consistently had one of the top checking/money market accounts)
RJM   |     |   Comment #8
Also they have an odd date, their month ends on the 20th every month I think. Maybe the 19th if the 20th is a Saturday or something.
To RJM   |     |   Comment #12
asking for permission to move your own money with higher limits, it is a big NO NO in my book
RJM   |     |   Comment #17
It sure is. But guess what? You don't need permission to pull it out from elsewhere.

Why not pick one username & stick with it?
111   |     |   Comment #7
5K ACH limit / day + 50K maximum limit on a decent interest rate + a hard pull (as reported) for nothing more than opening a checking account = USELESS.
RJM   |     |   Comment #10
I did not get a hard pull.
larry   |     |   Comment #13
They are about 4 months late on this rate increase, but still higher than Ally.
deplorable 1
deplorable 1   |     |   Comment #14
I think you can get the ACH transfer limit raised to $20,000 for a one time transfer by calling but there is a $25,000 monthly transfer limit total as well which applies to both accounts(if you have 2). These terms may have changed but those were the caps last time I called them. Obviously these accounts are best suited as a hub for moving around smaller amounts of cash for paying bills or doing bank bonuses rather than large amounts for opening CD's etc. I have 4 accounts 2 for me and 2 for the wife so I don't run into the caps very often. With the EBSB 2.5% account with higher transfer limits I'm not keeping much here for the time being. I will keep them open though because if EBSB drops their rate this is the top rate for a non-teaser account.
marcal   |     |   Comment #15
The mega money market account seems more like a high interest checking account with the 10 allowed bill payment and 6 transfers.
cptx   |     |   Comment #18
I had accounts at AmericaNet, Evantage, and Redneck back in the day. They contacted me about the consolidation of all three web banks into the All America umbrella and asked if I wanted to retain the accounts.

Of course, I said yes, so today I've got the same original accounts (still use the same routing and account numbers, too), all earning the improved APY. Customer service has been good the few times I've needed to call to fix some titling inconsistencies from when I originally opened the accounts.

Naturally, the complainers are the noisier ones here. Those of us who've not had any issues with the bank (after all, how hard is it to **** up an online bank account), have been sitting here quietly earning an above market APY for years.
All America Bank Ups Mega Money Market Rate
Deal Summary: Mega Money Market, 2.00% APY on balances up to $50k, balances over $50k earn 0.50% APY, minimum $500 opening deposit.

Availability: Nationwide

Yesterday, All America Bank and its online “country cousin” division, Redneck Bank, raised the rates on their Mega Money Market (MMM) accounts to 2.00% APY on balances up to $50k; balances over $50k continue to earn 0.50% APY.

All America Bank and Redneck Bank first launched the MMM, along with the Rewards Checking Account, in 2008. Redneck Bank stopped accepting new customers in 2009,...

Continue Reading
All America Bank/Redneck Bank's MMA Rate Jumps

UPDATE 2/22/18: The new rates and balance cap took effect yesterday, as scheduled. The second tier rates did not change and information on those have been added to this post.

Deal Summary: Mega Money Market, 1.75% APY up to $50k, balances over $50k earn 0.50% APY, minimum $50 opening deposit.

Availability: Nationwide

As scheduled, All America Bank and its online “country cousin” division Redneck Bank raised the rate on their Mega Money Market Accounts yesterday to 1.75%, with the $35k balance cap increased to $50k. Balances over $50k will...

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All America Bank's Mega Money Market Now Earns 1.50% APY ($35k Max)
Deal Summary: Mega Money Market, 1.50% APY (up to $35k), minimum $50 opening deposit.

Availability: Nationwide

All America Bank (and its online “country cousin” division, Redneck Bank) raised the rate on its Mega Money Market (1.50% APY) by 25 bps yesterday. While the Mega Money Market has no minimum balance requirement, the 1.50% APY is capped at $35k; balances of $35k+ earn 0.50% APY.

All America Bank has been offering the Mega Money Market since 2009, with an initial rate of 2.00% APY that lasted for more than...

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AmericaNet's Mega Money Market & Rewards Checking are Sold Out

AmericaNet Bank has stopped accepting new applications for its Mega Money Market account and its Rewards Checking account. The bank has "sold out" notices on its website. Its sister bank, Evantage Bank is still accepting applications for these accounts. The other sister bank, Redneck Bank stopped accepting applications for these accounts many months ago.

So now the only option for these accounts is Evantage Bank. Even with a recent rate cuts, these accounts remain good deals. As of 2/6/2011, the Mega Money Market pays 1.75% APY on balances up...

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Top Money Market Rate Continues at AmericaNet Bank and Evantage Bank

If you want 2% on a savings or money market account, there are not many choices in today's interest rate environment. There continues to be four banks that offer 2%+ on their nationwide accounts as of 8/06/2010. All four have balance caps which limit the amount that will qualify for the 2%. There are also other conditions. EverBank's 2.25% is only a promo rate that lasts for 3 months (see review). SmartyPig's 2.15% APY requires setting up goals. For the other two banks, Evantage Bank and AmericaNet Bank, there are...

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