Redneck Bank Mega Money Market Review: 4.40% APY (Nationwide)

Available nationwide, Redneck Bank is offering up to 4.40% APY with their Mega Money Market account!

Update 9/25/24: The rate has decreased to 4.40% APY (from 4.75%). We recommend the Western Alliance Bank savings account to earn one of the top rates available.

Redneck Bank Mega Money Market Review

Established in Oklahoma in 1969, Redneck Bank is the Internet Banking Division of All America Bank, a well-respected country bank. Since they’re an online bank, it’s easy to earn cash with basic accounts and high interest rates online. They are fully-insured by the FDIC, so you can rest assured that your money is safe.

I’ll review Redneck Bank Mega Money Market below.

Redneck Bank Mega Money Market Rate

To earn this promotional rate, the balance in your account must be below $50,000. Once you have met the deposit, you will have access to the rate as well as a range of account features!

• Eligible account: Mega Money Market
• Credit inquiry: Soft Pull
• Where it’s available: Nationwide
• Opening Deposit: $500
• Monthly fee: None
• Early Termination Fee: None

(FDIC Insured)

How to Earn Rate

1. Open a Mega Money Market account from Redneck Bank with an opening deposit of $500.
2. Input your info – Provide your name, address, phone, email and social security number or Tax ID.
3. Fund the account – Transfer funds electronically from an internal account here or an external account at another bank.

Editor’s Notes:

• ACH transfers are limited to $5,000 per day, but a larger limit for a specific transfer can be requested by calling the Bank.
• No monthly dollar limit on ACH transfers.

Account Features

• No minimum balance is required to maintain the APY rate
• No hidden fees or service charges
• Receive eStatements, a free VISA debit card, and much more
• Online banking for convenient transfers, deposits, and account management

Conclusion

I would check out this rate with Redneck Bank that is great for balances under $50,000. Keep in mind the bonus is limited to one Mega Money Market account per individual. Additionally, remember there is a $5 fee for each withdrawal after 6 per monthly statement cycle.

In addition to the rate from Redneck Bank, check out our list of best rates Savings, Money Market, and CD accounts.

• Best Savings/Money Market rates
• Best CD Account rates

If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.