Available nationwide, Redneck Bank is offering 4.00% APY when you open their Mega Money Market for balances up to $100K.
Update 6/30/25: The rate has decreased to 4.00% APY (from 4.15%).
About Redneck Bank Mega Money Market
Redneck Bank is the Internet Banking Division of All America Bank, a well-respected country bank established in Mustang, Oklahoma in 1969. They are fully-insured by the FDIC and strives to give their customers the best deals online.
Since they’re an online bank, they makes it easy to earn money by offering basic accounts with high interest rates online.
I’ll review Redneck Bank Mega Money Market below.
| Balance Requirement | APY Rate |
| $0 to $100,000 | 4.00% |
| $100,000+ | 0.50% |
Redneck Bank Mega Money Market Rate
- Account Type: Mega Money Market Account
- Interest Rate: 4.00% APY
- Availability: Nationwide
- Minimum Balance: None
- Maximum Balance: $100K
- Credit Inquiry: Soft Pull
- ChexSystem: Yes
- Opening Deposit: $500
- Monthly Fee: None
- Early Account Termination Fee: None
(FDIC Insured)
Important Details for Redneck Bank
- Limit of two MMM accounts per Social Security. (You can have another account at All America Bank)
- $5 excess transaction fee for each additional withdrawal beyond the six free per monthly cycle.
- $3 monthly charge for paper statements; eStatements available at no charge.
- Ten free Online Bill Pay transactions allowed each month; 50¢ charge per transaction beyond the ten free transactions.
Redneck Bank ACH Capabilities & Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | 1 to 2 days | $5,000 | None | N/A |
| Pull | 1 to 2 days | $5,000 | None | 20+ linked accounts |
You can give them a call to ask for an increase to $50,000 per day for ACH limits within their system.
There are no limits for using an outside bank account to transfer your money in and out of Redneck Bank.
How to Earn Redneck Bank Rates
- Open a Mega Money Market account from Redneck Bank with an opening deposit of $500.
- Input your info – Provide your name, address, phone, email and social security number or Tax ID.
- Fund the account – Transfer funds electronically from an internal account here or an external account at another bank.
- Rates are subject to change based on account balance.
Why You Should Sign Up For This Account
- No minimum balance is required to maintain the APY rate
- Go worry-free with 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
- Funds are federally insured by the FDIC
Bottom Line
I would check out Redneck Bank and sign up for this competitive rate. Let us know how it went with this bank by commenting below for our readers!
Interested in Bank Bonuses? See our favorite banks including HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or U.S. Bank.
Take a look at our complete list of Best Bank Rates for great offers like this!
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