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Redneck Bank Review: Overall Rating
| Feature | Insider rating (out of 5) |
| Checking | 3.75 |
| Money market account | 3.75 |
| Trustworthiness | 3 |
| Total | 3.50 |
Redneck Bank Pros and Cons
| Pros | Cons |
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About Redneck Bank
Redneck Bank is the online banking division of All America Bank, which is based in Mustang, Oklahoma.
Redneck Bank has no physical locations and offers limited products — an interest-earning checking account and a money market account. Customers can use ATMs worldwide, and Redneck Bank will refund domestic and foreign ATM fees, up to $25 total each month. (The website has a tool you can use to locate both free and out-of-network ATMs in your area.)
The Redneck Bank mobile app has 3.8 out of 5 stars in the Apple store and 2.9 out of 5 stars in the Google Play store. Customer support is available via phone Monday through Friday from 8 a.m. to 5 p.m. CT. There is also a secure messaging feature within the customer dashboard.
Deposits at Redneck Bank are insured by the FDIC for up to $250,000 for solo accounts or $500,000 for joint accounts.
Is Redneck Bank Trustworthy?
At Personal Finance Insider, we usually look at Better Business Bureau ratings to see how a bank interacts with customers. But Redneck Bank and its parent company, All America Bank, have an NR (No Rating) from the BBB because the bureau doesn't have enough information to rate either company yet.
Neither Redneck Bank nor All America Bank have any recent public controversies.
Redneck Bank FAQs
Is Redneck Bank good?
Redneck Bank is good if you're comfortable banking online, and if you're looking for a high-yield checking or money market account. But if you want to bank in person or open CDs, you'll need to look elsewhere.
What does Redneck Bank offer?
Redneck Bank offers two products: a high-yield checking account and a money market account, both of which pay competitive interest rates.
Is Redneck Bank a real bank?
Yes, Redneck Bank is a legitimate bank and is the online division of All America Bank, which is based in Mustang, Oklahoma. Redneck Bank is FDIC-insured, protecting your money up to $250,000 (in solo accounts) and $500,000 (in joint accounts).
Is Redneck Bank FDIC-insured?
Yes, deposits at Redneck Bank are FDIC-insured for up to $250,000 for an individual account, or $500,000 for a joint account. This means that if Redneck Bank shuts down, your insured money is still safe.
What is the deposit rate for Redneck Bank?
Redneck Bank has two deposit accounts. The
Does Redneck Bank have a monthly fee?
No, there is no monthly fee on either Redneck Bank's checking or money market account.
Where is Redneck Bank located?
Redneck Bank has no physical locations. It's the online banking division of All America Bank, headquartered in Mustang, Oklahoma.
Redneck Bank Account Reviews
Redneck Bank Rewards Checkin' Account - Product Name Only
The
You'll earn the highest APY by maintaining a balance of $15,000 or less and keeping your account active. Your account is "active" each statement period that you log at least 10 transactions — excluding ATM withdrawals. Your rate goes down on balances over $15,000. If you fail to have 10 transactions in a given period, your interest rate drops even lower for that month. Interest is compounded and credited to your account monthly.
While account holders can technically use ATMs worldwide, machines not owned by All America Bank are subject to fees. Redneck Bank will refund up to $25 (in total) of these fees each month.
Redneck Bank Money Market Account - Product Name Only
Redneck Bank also offers a money market account, which pays
There are
As with Redneck Bank's rewards checking account, interest is compounded and credited to your account monthly.
How Redneck Bank Compares
Redneck Bank vs. Axos Bank
Redneck Bank and Axos Bank both offer high-yield checking accounts. Like Redneck, Axos' account comes with no monthly service fees and no balance minimums. Axos does require a
The big difference between the two lies in the interest rates. Redneck pays a higher rate on its checking account, and a significantly higher rate on its money market account.
Redneck Bank vs. First Internet Bank of Indiana
Like Redneck Bank, First Internet Bank of Indiana also offers a high-yield money market account. The bank pays
First Internet Bank of Indiana also charges a
First Internet Bank of Indiana Review
Why You Should Trust Us: How We Reviewed Redneck Bank
To review Redneck Bank, we rated its checking and money market accounts using Personal Finance Insider's bank account methodology.
In general, we look at ethics, customer support, and mobile apps when rating an institution. Other factors we consider depend on which type of account we're reviewing. For example, we look at overdraft protection for checking accounts and interest rates on money market accounts.