Overview / Commentary
888-210-1256
200 South Rockwell Avenue
Oklahoma City, OK 73128

Yes, Redneck Bank is a real bank. In fact, it is the (purposefully lighthearted and humorously named) online banking division of All America Bank, which was established in 1969 as The First Mustang State Bank. Headquartered in Oklahoma City, Oklahoma, Redneck Bank is fully insured by the Federal Deposit Insurance Corporation (FDIC). The bank traces its history back to multiple Oklahoma banks owned by the Huckabay family.

To keep things simple, Redneck Bank limits its personal depository banking products to checking accounts and money market accounts. Both the checking account and money market account have very low minimum initial deposits. However, neither account has a minimum balance requirement. Both accounts also feature free online banking and a free VISA debit card. At the time of this writing, the Annual Percentage Yield (APY) of the money market account – which is a variable interest rate account – decreases once the balance exceeds $35,000. Statements for both checking and money market accounts are available electronically.

In addition to these personal deposit accounts, Redneck Bank offers various services, including free online bill pay and free bank-to-bank transfers. The bank also provides educational resources about online banking – including a series of video tutorials and an electronic guide.

Related Posts

Redneck/All America Going Up To 2.50% Tomorrow - 1/23/2019

I emailed them because I was about to open another account elsewhere at about the same rate. Glad I did not. Effective tomorrow (01/23/19) the interest rate for the Mega Money Market account will increase to 2.50% Annual Percentage Yield for any amount up to $50,000.00 and 0.50% Annual Percentage Yield for any amount over the $50,000.00. This new rate will be reflected on your next bank statement that will cut off on 02/20/19. Please let me know if there is anything else that I can assist you with. Thank You, All America Bank ------ I am considering a 2nd account so I can put in $100k. Anyone have 2?

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Great Interest Rate

Posted by: tejaskr | Feb 14, 2019

Their interest rate is significantly higher than what is offered by the bigger banks. This really adds us when one is depositing.

Had accounts at Citi and Chase, but moving those funds to Redneck.

Redneck Bank Is A Winner!

Posted by: RG | Jan 27, 2019

I am very pleased with this bank and the product they offer. The Mega Money Market product is outstanding and the interest rate just increased from 2.25% to 2.50%, one of the highest in the nation.

I've only been a customer since Nov. 2018, but I hope to have a long relationship with them. The name is very catchy, the website really strengthens the branding, and customer service is excellent (the few times I needed to contact them about my initial account set-up). Overall, this reminds me of our local, home town bank that sold many years ago.

I'm also ok with the fact that there are not a lot of different products to choose from at the online platform. It's pretty easy to mix and match options with multiple banks. Fidelity Investments is very competitive on their CD rates, so I will probably go that route.

Keep up the great work, Redneck!

Consistently High Rates On Their Money Market Up To $50K

Posted by: RJM | Mar 6, 2019

Website is barebones. Transfers initiated from AA have low limits. (Maybe $5k?) But you can pull or push from an external account for any amount. And customer service can give you authorization for a larger transfer if you ask them first. (each time)

The 2 small transfer outside link set up process comes with 2 small withdrawals which can use up 33% of your 6 at an external bank or credit union.
(Others combine them and pull the total in one transaction)

I got free checks when I opened mine but some say they are extra now. Their billpay is below average and steals a few days worth of interest with most transactions. Except for when they send a paper check, it's the opposite, the money does not come out until the check clears.

They have raised their rate several times since I opened my account. It appears they want to remain at or near the highest rate for similar accounts. The $50k limit for the good rate is a bummer but they will let you open 2 accounts. I have not done that yet.

Needs CD Products

Posted by: garyh1961 | Jan 24, 2019

I was looking at the site and clearly would do business with them. When looking for CDs there is none offered at redneck. So i hope they offer soon with the same great rates as the checking and MM

VIEW MORE REVIEWS

Health

Health Grade Components

Overall
FDIC Certificate #20093
Year Established1969
Employees104
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.76%
Return on Equity - YTD16.9%
Annual Interest Income$22.5MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$438.5MM$410.3MM
LoansQ4 2018vs Q4 2017$365.7MM$327.2MM
DepositsQ4 2018vs Q4 2017$361.7MM$337.4MM
Equity CapitalQ4 2018vs Q4 2017$44.2MM$43.1MM
Loan Loss AllowanceQ4 2018vs Q4 2017$3.1MM$3.0MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$4.1MM$5.7MM
Real Estate OwnedQ4 2018vs Q4 2017$539.00K$308.00K
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

Redneck/All America Going Up To 2.50% Tomorrow

RJM   |  
I emailed them because I was about to open another account elsewhere at about the same rate. Glad I did not.

Effective tomorrow (01/23/19) the interest rate for the Mega Money Market account will increase to 2.50% Annual Percentage Yield for any amount up to $50,000.00 and 0.50% Annual Percentage Yield for any amount over the $50,000.00. This new rate will be reflected on your next bank statement that will cut off on 02/20/19.
Please let me know if there is anything else that I can assist you with.
Thank You,
All America Bank
------
I am considering a 2nd account so I can put in $100k. Anyone have 2?

Rates
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Always verify rates and promotions with the bank or credit union. We are not Redneck Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Redneck Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%*-$50kMega Money Market Account
OTHER TIERS: 0.50% $50k+

Redneck Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*-$10kRedneck Rewards Checking - Qualifying
OTHER TIERS: 0.50% $10k+
Locations

Redneck Bank is an Internet only bank and does not have branch locations. Its headquarters is located at 200 South Rockwell Avenue - Oklahoma City, OK 73128

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.