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.

2.00*%-$50kAll America BankMega Money Market Account (Online only)
OTHER TIERS: 0.50% $50k+
2.00*%-$50kRedneck BankMega Money Market Account
OTHER TIERS: 0.50% $50k+
Rates as of September 21, 2018.

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 following suit 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 was in effect 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.

Both accounts have no monthly maintenance fees or minimum balance requirements, with a limit of one account per individual. The minimum opening deposit has been increased from $50 to $500. 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 also increased yesterday. The new rate is 2.50% APY on qualifying balances up to $10k. Qualifying balances over $10k earning 0.50% APY, with non-qualifying balances earning 0.25% APY.

2.50*%$10k-All America BankUltimate Rewards Checking
OTHER TIERS: 0.25% Up to $10k
2.50*%-$10kRedneck BankRedneck Rewards Checking - Qualifying
OTHER TIERS: 0.50% $10k+
Rates as of September 21, 2018.


Headquartered in Oklahoma City, All America Bank/Redneck Bank offers its product line 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 12.65% (above average) based on March 31, 2018 data. In the past year, the Bank increased its total non-brokered deposits by $19.72 million, an excellent annual growth rate of 6.22%. 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 44th largest bank, with assets in excess of $408 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 the 183 Money Market Accounts tracked by that are available nationwide, All America Bank/Redneck Bank’s Mega Money Market APYs currently rank second, but just by a single basis point.

The above rates are accurate as of 6/22/2018.

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


Cycles   |     |   Comment #3
Great job AllAmericaBank and Rdneck Bank! This now becomes the new reference line for interest rates on savings accounts. Anyone below this level will no longer be counted as significant. The challenge is on to all other financial institutions to step up to the plate and start offering rates above the 2.00% mark.
LoveChoices   |     |   Comment #4
I'd say the 2.26% Northern Bank is the reference line. But I am glad AllAmericaBank raised their rates, maybe it is because of my money being moved out to Northern Bank over the last week.
RJM   |     |   Comment #5
Yes, AA is only $50k. Northern is 5 times that.

Still, its nice to see.
deplorable 1
deplorable 1   |     |   Comment #9
I keep telling you RJM the 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 a additional 6 withdrawals per month.
111   |     |   Comment #16
deplorable1 - Using your same logic with Northern, since you can open up multiple accounts all of which qualify for the 2.26% for the first $250K, the real limit for Northern is - well, unlimited. Or at least it was until they reduced the rate 3 days ago.

Yes, you do need to properly title the accounts to maximize FDIC insurance. I've never been impressed by Redneck.
deplorable 1
deplorable 1   |     |   Comment #22
Good point 111 and Northern lets you link multiple accounts for ACH as well. Don't get me wrong I really like Northern bank so far and their transfers are lightning fast. But in 6 months or less Redneck could be at 2.5-2.75% because theirs is NOT a teaser rate.
RJM   |     |   Comment #27
Yes, but I should not have to open another account.

But, I am ok with leaving the account open for now. I don't like their ACH limit or the fact that some ACH transfers are delayed. (Yes, you can call and get exceptions to the ACH limit but I should not have to)

Finally, one more thing I noticed last night. I had a transfer in of a few hundred from ally. And AA showed the money was in my account. But on MINT, they showed the old balance. I refreshed the account and they still showed the old balance. Not a huge deal but its something i noticed.
deplorable 1
deplorable 1   |     |   Comment #28
Yes RJM you just nailed the 2 biggest drawbacks. They need to up their limit to $250,000 per account and let you transfer as much as you want without calling. I can't think of any bank that allows this AND has a top rate that isn't a teaser. Maybe we are just too picky? Northern has a hard $5,000 cap for external ACH transfers at least All America lets you call.
theron   |     |   Comment #6
Too bad Northern is closed to new customers as of 6/20...
Ann   |     |   Comment #7
They aren't 'closed to new customers' the way Redneck has periodically. They just stopped offering new customers the limited-time promotional rate guaranteed for 1 year. New customers now would receive 1.51% instead. They never intended 2.26% to be their ongoing current offering the way All America / Redneck's rate increase is.
RJM   |     |   Comment #31
I did not pay attention to redneck being closed in the past. What happened? For how long and did they comment on it?

Was it just a way to turn off money coming in the way Popular and Northern did or something else?
Cycles   |     |   Comment #18
Northern Bank was the highest rate offered to date but it was a special promotion they are now below 2% again. AllAmericaBank and Redneck Bank rate is their new fixed rate without any expiration dates so it is the new 2% reference unlike all the other special we have seen to date.
deplorable 1
deplorable 1   |     |   Comment #23
I agree 100% Cycles. They are the new rate standard to beat if you missed out on the Northern deal for sure. I think in this environment a one year rate guarantee = teaser rate. Everbank was the king of the rate guarantee and known for dropping rates afterwards.
Cycles   |     |   Comment #17
The reason I stated that it is a reference is because it is not a special unlike the other institutions. I know it is not the highest in the 2% group, but it is the first to offer 2% without any expiration date.
deplorable 1
deplorable 1   |     |   Comment #8
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.
DCGuy   |     |   Comment #13
EBSB Direct allows unlimited ACH external bank entries for your profile. They did keep my rate at the lower rate for a while, but the raised it to the current offered rate without any action on my part. I can EFT well above $5K since I opened the account.
Ann   |     |   Comment #20
"I have had nothing but good English speaking customer service from them."

Discover is lagging behind rate-wise, but they do have 100% US-based friendly support people too, available 24/7. I'll only be keeping a token amount there for the next year at least after getting their bonus, due to Northern, but I was very impressed with their support.
deplorable 1
deplorable 1   |     |   Comment #24
Discover was my very first out of state savings account and my first credit card I have been with them since I was 18. Outstanding customer service folks over there! I think the Discover card was the first "rewards" credit card to offer cash back as well.
Cycles   |     |   Comment #34
Same here. Discover was my very first CC ever. I got it when I was 18yrs old and stationed in DE.
deplorable 1
deplorable 1   |     |   Comment #40
Just a FYI about the Discover card rewards for those who don't know. I only use the Discover card for the 5% on up to $1,500 quarterly rewards categories that you have to opt in for each quarter. They also have a online shopping network that allows you to get a additional 5% or more if you click through their link called "discover deals". This 5%+ is ON TOP of the 5% quarterly bonus categories! Then when you go to cash out your rewards they offer quite a few discount gift cards at $20 for $25 value which represents a 25% bonus on your rewards cash.
Hapstand   |     |   Comment #10
Too late, Redneck.......I moved over to Northern. But I will keep you around as you may have higher rates once the promo at Northern is over. Redneck you should have done a better job of staying in the game. I have a feeling many $$$$ left your back the last couple of weeks.
deplorable 1
deplorable 1   |     |   Comment #15
Same here Hapstand I have most of my liquid cash at Northern bank but I'm keeping the Redneck accounts open because the next FED hike may be a different story. It is good to have options.
Cycles   |     |   Comment #26
I suspect we will now see other banks one up this interest rate as their new baseline. CIT and Dollar should be kicking it up a notch soon. I'm not sure why Ally has kept its head in the sand with its low rates.
deplorable 1
deplorable 1   |     |   Comment #32
I'm not sure about Ally bank people do seem to like them but with Ally demand notes they have a unique product that allows unlimited third party ach pulls for paying bills. So far I have not been able to find a replacement account that will let me do that. GM right notes doesn't allow it. Since 1.77% beats the 0% in my BoA checking account with no debit card hoops to jump through Ally it is!
Rickny   |     |   Comment #11
Got the free checks from Northern today. Says nothing about check limits so another way to access cash from Northern
Anonymous   |     |   Comment #12
The limit is 6 withdrawals per month, which includes checks.
Rickny   |     |   Comment #14
Meant to say no limit on the dollar amount of the checks since they have an outgoing ACH limit pf 5K.
Anonymous   |     |   Comment #21
Rickny, did you have to do anything special to get the checks, or did you just check Yes (I want checks) on the application? And when did you open your account? (So I can determine when I'll get my checks!)
Rickny   |     |   Comment #25
I just clicked want the checks. I believe I opened the account a week ago. I was surprised how fast the checks came. 50 personalized checks a register and a plastic check book cover.
RJM   |     |   Comment #35
I have not gotten my checks or signature card yet from northern. I clicked checks and they told me the signature card would have to be mailed back after they got my check. And they have gotten 2 of them already. But, I am down south and both of my checks to them have taken 3 full days to get there. Not a huge deal but I expected the beneficiary form by now. Which I thought they said would be mailed but maybe I misunderstand and I am to print it out and then send it back with the signature card?
deplorable 1
deplorable 1   |     |   Comment #37
Same here RJM, I thought my checks had arrived but they sent me a signature card instead and said no checks until they receive the signature back. They also said they can close the account if they don't get the signature back within 14 days. No big deal as I rarely use checks anyway but I thought I was all done setting this account up.
Rickny   |     |   Comment #41
I received the signature card a few days before I got the checks.
deplorable 1
deplorable 1   |     |   Comment #46
I just got the checks today after mailing back the signature form. I guess they sent them both out at the same time.
trailspeed   |     |   Comment #49
I have my credit files frozen, did someone apply for this MMA and get a option to fax in ID's if you have your credit files frozen? I called and this said I would need to unfreeze.
PatGeneric   |     |   Comment #29
I think the Redneck website is adorable, too. Why not have a fun, interactive website for a bank? What other bank allows you to click on the farm animals to hear their animal sounds, lets you try to catch the fly on the computer screen with your mouse cursor, or lets you enter the banking portal through an outhouse door? I think it is a refreshing change from all the other online bank websites that don't have a squirrel pushing a lawnmower. And, they have good rates and friendly telephone service, too. I've had my accounts there for years and plan to stick around.
RJM   |     |   Comment #30
Nothing really adorable about it beyond the pre sign in screen where the flag & boy shows up.

Its a cut rate website, just like most credit unions and smaller or new entrant banks.

Like Northern and Popular.

I find them all lacking in many ways compared to say Ally. But, I really don't need all those features so for a 2.26% rate, I can live with it.

Just wish Ally would get competitive. But they have no need to they have a ton load of deposits as it is and I understand it. I would not either if I was them.
deplorable 1
deplorable 1   |     |   Comment #33
I think it is funny and unique as well which is why I went with Redneck over All America. My little girl loves the website with the animal noises and it helps me to teach her to save so it's a win win. We do rustic camping so she knows what a outhouse is and we laugh when the fly goes in there when you login. I know RJM hates the whole Redneck thing which is why there is 2 choices.
RJM   |     |   Comment #36
To me, its a derogatory term and I live down south with a lot of rednecks. So I chose all american and I have not had any animal noises. Which is good, that would perturb me.

For a minute, I was thinking about doing their reward checking and 2nd deposit account at redneck but then Heritage, Popular and now Northern came around. And now, AA is kind of obsolete really. I might use them in August as I have a CD maturing 7/31 but I expect some other bank will have a better deal by then. But AA has checks, unlike a lot of these other deals.

I mentioned elsewhere that I filed a complaint form about Popular because they lied about how long it would take to get my account unfrozen. They responded but I cant read their response because the cfsb or whatever is telling me to sign in and I don't think I ever set up a sign in. I had to transfer more in to popular and they took about 4 days for that ACH transfer to be available. I fear some kind of retaliatory new hold from them just because they can. (Read page 6 or whatever) My account says its all available now but it said that when it was frozen for 8 days too.

Anyway, I will be attempting an ACH out of the bulk of my remaining funds monday. I will of course keep at least $500 in there for 4 more months to avoid any kind of fees.

I am going to attempt a 2nd reward checking at Heritage next week if I get the money out of popular. A poster said he has 4 with them. With the excess going to Northern to be uninsured or AA.
deplorable 1
deplorable 1   |     |   Comment #38
I guess it is somewhat of a derogatory term I don't think they mean any harm by it though. I wish people of all races would just lighten up a bit already. I really think people take themselves much too seriously to the point that you can't even joke around anymore without risking a lawsuit. Every race or nationality has some stereotype attached to it and if you spend your life focusing on the injustice of it all you will be sad or angry all the time. For example I'm Irish so I'm supposed to be a drunk. I just laugh it off and have another drink! lol
humanity lives
humanity lives   |     |   Comment #39
possibly one of your most significant posts to date
#47 - This comment has been removed for violating our comment policy.
#48 - This comment has been removed for violating our comment policy.
RJM   |     |   Comment #42
Thought about deplorable...

Dominion Energy Publicly Launches New Debt Program

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All investors must have a minimum balance of at least $1,000, and a qualified individual’s total investment balance at any time may not exceed $1.25 million. There are no maintenance fees for investing in the notes program or charges for redemption checks.

The notes are debt of Dominion Energy and are not the equivalent of a deposit or other bank account nor a money market fund; they are not insured by the FDIC or subject to the requirements of the Investment Company Act regarding diversification and quality of investments in money market funds.

Potential investors may request a copy of the Dominion Energy Reliability Investment prospectus by downloading it at; by calling, toll-free, (866) 876-0001; or by writing Dominion Energy Reliability Investment, P.O. Box 75713, Chicago, Illinois 60675-5713.

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Dominion Energy, Inc., has filed a registration statement with the United States Securities and Exchange Commission (SEC) for the offering...
RJM   |     |   Comment #43
Current Rates
Our tiered approach allows you to select the one that is right for your financial goals.

Less than $10,000




$50,000 or more

Rates effective June 25, 2018
DCGuy   |     |   Comment #44
They also are offering among the better natural gas supplier rate prices per therm in my area.
deplorable 1
deplorable 1   |     |   Comment #45
Thanks RJM this looks interesting. I'll go check it out. I was looking at Duke energy premier notes as well but after reading their prospectus it doesn't appear they will allow 3rd party ACH withdrawals at least not for paying cc bills. GM right notes doesn't allow it either. I called Ford interest advantage and they seemed to balk at using the account for paying bills as well. So far ALLY Demand notes seems to be the only corporate debt account that allows this feature. Since their rates are not the best I use their second tier of $15,000 plus bills for 1.61%. Obviously when a deal like Northern bank comes along I'll use FDIC insured accounts for liquid cash in excess of paying bills. In the past there were no FDIC insured MMA's that could touch their rates but this rate hike cycle seems to be different.
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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4.00% Reward Checking Account at Evantage Internet Bank
Update 4/22/09: The top rate is scheduled to fall to 4.00% APY starting 5/5/09.

Evantage Bank is an internet banking division of Southwest State Bank. It offers a reward checking account and a high yield savings account. The rewards checking account pays 4.00% APY on balances up to $10,000 (1.00% for above) and refunds ATM fees worldwide if the following monthly requirements are met:
  • 10 check card purchases
  • receive electronic statements
If these are not met, the rate falls to 0.25%. There are no minimum balance requirements and no monthly maintenance fees. Minimum initial...

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