AmericaNet Bank’s Mega Money Market pays 1.75% APY and offers these benefits:
- Free Visa Check Card
- No Monthly Fees
- Free overdrawn email alerts
- Online banking
- Online account setup with minimum deposit of only $1
- No minimum balance required to earn the 1.75% APY
One caveat is it only earns 1.75% APY for balances Up to $35,000; any amount over $35,000 will only earn 1.00% APY.
There is also a limit of six withdrawals per month using any method from the money market account, for each additional withdrawal there will be a $5 fee.
Warning: if you don't make a withdrawal or a deposit for 12 months, you will be charged a $10 per month dormant fee.
Unlike Ally Bank’s Money Market Account, ATM fees are not refunded.
AmericaNet Bank is a division of FDIC insured All America Bank.
All America Bank is operated out of Oklahoma. Their website lists two locations:
444 W. State Highway 152
Mustang, OK 73064
200 S. Rockwell
Oklahoma City, OK 73128
You can learn more about AmericaNet Bank by visiting their website:
The customer service phone for online accounts is:
1-888-210-2028
Don't forget to check the money market rates chart for the latest rates.
