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.

1.50*%-$35kAll America BankMega Money Market
OTHER TIERS: 0.50% $35k+
Accounts mentioned in this post. Rates as of January 18, 2018.

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 a year. Since being added to the product line, there have been five rate changes, including a low of 0.90% APY lasting from September 2013 until October 2015.

The Mega Money Market has no monthly maintenance fee or minimum balance requirement. There is a limit of one Mega Money Market account per individual, with a minimum opening deposit of $50. A $5 fee will be charged for each additional withdrawal beyond the six free withdrawals per monthly cycle.

All America Bank and Redneck Bank also raised the rates of their rewards checking accounts (from 1.50% to 2.00% APY for balances up to $10k). Unlike Kasasa Saver accounts that are linked to Kasasa Cash accounts, the Mega Money Market does not require the rewards checking account. The Mega Money Market is a standalone account that does not have any monthly activity requirements.

Thanks to DA reader, Carpline, for his Forum post about this rate increase.


Headquartered in Oklahoma City, All America Bank offers its product line nationwide to U.S. citizens and resident aliens with a valid Social Security Number or Individual Tax Identification Number.

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

Bank Overview

All America Bank has an overall health grade of "B+" at, with a Texas Ratio of 5.46% (excellent) based on March 31, 2017 data. In the past year, All America Bank decreased its total non-brokered deposits by $79k, an average annual growth rate of -0.02%. Please refer to our financial overview of All America 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.

All America Bank is currently Oklahoma’s 43rd largest bank, with assets in excess of $378 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 170 Money Market Accounts tracked by that require a similar minimum balance and are available nationwide, All America Bank's Mega Money Market APYs currently ranks first.

The above rates are accurate as of 6/22/2017.

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, nationwide deals

Anonymous   |     |   Comment #1
The $35K limit makes this unappealing!
RichReg   |     |   Comment #2
Seriously...what's up with the cap?
I hope they get so inundated with applications that they have to close it to new investors. That way I don't have to continually see this stupid rate pop up as the highest on the Internet.
Anonymous   |     |   Comment #8
I'm sorry you were forced to click on the post.
RichReg   |     |   Comment #12
I believe the term is "LURED".
But not this time...I caught the $35K cap in the headline.
Next time I Google "Highest Savings Rate", I may not be so lucky.
gregk   |     |   Comment #5
But not necessarily unappealing to those with no more than 35K to invest.
Martin   |     |   Comment #3
Wow, $43.75 a month interest, look out people, now you can retire for one monthly dinner cost at a modest restaurant. (the tips must come from your other saving accounts)
Att   |     |   Comment #7
Put 35k in here and anything over in Ally 11 month no penalty
Martin   |     |   Comment #10
And why I should put the 35K here, any reason you know that the rest of us do not?
What happens to my 35K when this banks lowers the rates in few month or next day?
By then, Ally 11 month CD may not be available and the 35K will be floating in an unknown interest rate (most likely down).
Att   |     |   Comment #21
This account is liquid and you can move money in and out of it at anytime. No one knows if or when the rate on the savings account will change. The rate even could go up?? and he higher than Ally unless you can predict the future which maybe you can do, Then you could move funds to this bank which seems like a lot of work but mayne you have a lot of extra time on yoir hands..the Ally 11 month CD has to be closed and all funds returned. Hey. You do what you like, it's your money to put where you want and maybe a bank or a CU if you get my drift??.
FresnoMan   |     |   Comment #16
An awful lot of snide comments. If you don't like the bank, the rate, or the cap...check the next post. ALL bank deals are listed and not every one will fit for every person. Let US decide that instead of letting us know what doesn't work for YOU.

I've been using this bank as a checking account for several years now. They do well, somewhat technologically challenged, but it meets my needs. I have CDs at various other banks intended for investing.

When I have more than $35K to invest, I will certainly not consider this bank. Nonetheless, the post is knowledgeable and informative. Let's not discourage Ken and his team from mentioning rates that don't fit everyone's needs or won't be popular with the majority of its readers. This site has never placed limits like that on it's content. I ask the haters to follow that policy. Check out the next post, please. But have a great day while you do it. Live nicely!
Barron Trump
Barron Trump   |     |   Comment #17
I think we're all just frustrated that rates are low. I remember getting a Countrywide CD for 5.45%. Fond memories.
h_meister   |     |   Comment #18
I guess you were two years old back then when you were buying Countrywide CDs, Barron?
!!!   |     |   Comment #19
I don't believe the real Barron W. Trump concerns himself over paltry CD interest rates.
d-L   |     |   Comment #22
If that 35K cap is per individual...could it not wind up being 70k if you had a spouse or significant other?
deplorable 1
deplorable 1   |     |   Comment #23
1.5% is a very good deal on $35,000 of liquid cash and $70,000 for married couples. I have the Redneck account and it has been great with good English speaking customer service as well. They also let you link multiple accounts for ACH transfers which only take 24 hrs. to complete. The folks complaining about a bank raising their interest rate .25% are most likely the same Obama voting fools that loved the last 8 years of falling interest rates.
HML   |     |   Comment #24
I do not recall seeing the words "married couple" in the initial posting that what's stated in the bank's official disclosure document?
deplorable 1
deplorable 1   |     |   Comment #25
It's per person or SS# I was just saying that with 2 people the cap would be doubled.
HML   |     |   Comment #26
Not intended as a snide comment, but imagine then that the bottom line # on any given household's cap would technically only be limited by the actual # of (legal?) occupant's residing there & possessing a SS #?
Ann   |     |   Comment #27
If you're trusting enough to put some of your money in the name/SSN of other occupants you're not married to, and submit gift-tax-related paperwork as needed, sure.
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