Redneck Bank

Deposits held and insured by All America Bank

Overview / Commentary
888-210-1256
200 South Rockwell Avenue
Oklahoma City, OK 73128
Deposits held and insured by All America Bank

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.

Great Bank And Service!

Don't let the name scare you. This is an AWESOME bank with the best no hassle checking interest I can find. They ALWAYS pick up the phone within 3 rings, are very polite and accommodating. To top it off they send me a birthday card every year with all the customers service reps signatures on it!

Best Online Bank

Posted by: |

I have been with Redneck Bank for the past two years and have been very pleased. Their online site seems to work well and allows money transfers within the bank and to linked accounts outside the bank. I have called their customer service and have always been treated politely. I am a happy customer of Redneck Bank.

**NOTE** Aug 21,2021 Rate Drop To 0.45%/0.3%

Posted by: |

Rewards checking: 0.45% ($10K max)

Mega Money Mkt: 0.3% ($50K cap)

Per website.

OVERDRAFT NIGHTMARE, RUN!

Posted by: |

Embodies everything I've come to despise about banks.
I opened an account with Redneck and deposited some money for safekeeping.

Never spent a dime. In fact, I forgot about it.
Meanwhile, unbeknownst to me, they were charging me fees until my deposit dwindled to $0. OK. But the fees kept coming until the account was -$300. But they NEVER informed me about it.

Eventually, they sent the account to collections and it was only when the collections agency sent me a letter that I finally learned about these charges!
Now my credit rating has dropped significantly.

I mean it when I say run far, run fast from this scam of a bank.

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Health
A

Data as of Q4 2021

Data displayed below is for insuring bank: All America Bank
Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #20093
Year Established1969
Employees111
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.72%
Return on Equity - YTD17.05%
Annual Interest Income$21.9MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$463.8MM$452.6MM
LoansQ4 2021vs Q4 2020$382.8MM$372.6MM
DepositsQ4 2021vs Q4 2020$416.4MM$406.4MM
Equity CapitalQ4 2021vs Q4 2020$47.2MM$45.9MM
Loan Loss AllowanceQ4 2021vs Q4 2020$5.9MM$5.0MM
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$4.4MM$6.2MM
Real Estate OwnedQ4 2021vs Q4 2020$101.00K$1.2MM
Rates
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* 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
0.55%*-$50kMega Money Market Account
OTHER TIERS: 0.05% $50k+

Redneck Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%*-$10kRedneck Rewards Checking
OTHER TIERS: 0.05% $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.