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.

Related Posts

Redneck/All America Bank Rate Drop - 3/21/2024

Redneck Bank/All America Bank Mega Money Market rate drop from 5.05% APY to 4.90% APY. Ultimate Rewards Checking 5.30% APY to 5.15% APY.

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Reviews (3)

Interest Rates Lowered

Posted by: |

APY for reward checking and money market have just dropped to 5.15 and 4.90 respectively, which are drops of 0.15 from previously.

Redneck Bank 4.50% Checking & Money Market 4.25%

Posted by: |

Megan and Brittney are the best! I have been a Redneck Bank and All America Bank client for a while now. They have now raised their rates 4.50% on checking and 4.25% on the money market. I will continue being a loyal client of both All America and Redneck Banks. Both Megan and Brittney expedited me opening a second rewards checking and they are the best!

Keep up the good work!

Thanks,


Richard

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.



Health
C+

Data as of Q2 2024

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

Health Grade Components

Overall
FDIC Certificate #20093
Year Established1969
Employees118
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.75%
Return on Equity - YTD7.64%
Annual Interest Income$20.5MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$611.9MM$586.6MM
LoansQ2 2024vs Q2 2023$484.6MM$504.4MM
DepositsQ2 2024vs Q2 2023$548.4MM$539.7MM
Equity CapitalQ2 2024vs Q2 2023$61MM$45.3MM
Loan Loss AllowanceQ2 2024vs Q2 2023$6.5MM$6.5MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$13.9MM$3.5MM
Real Estate OwnedQ2 2024vs Q2 2023$1.1MM$96K
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
4.75%*$0$100kMega Money Market Account - Online Only
OTHER TIERS: 0.50% $100k+

Redneck Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%*$0$15kRedneck Rewards Checking - Online Only
OTHER TIERS: 0.50% $15k+
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.