Redneck Bank with high money market rates at 2.00% APY
The best money market rates offered by Redneck Bank is very competitive at 2.00% APY for deposits through $35,000. Funds above $35K earns 1.00% APY. These money market rates are offered through their Mega Money Market account.
Interested individuals can open an account online. You might know right away if your application is approved. The bank may contact you if they need to confirm some information. The process takes ten business days at max.
The money market account can be initially funded by sending in a check, electronic transfer, or via wire.
This money market account does not collect any monthly fees. They also do not impose any requirements to maintain any minimum balance. The account gives you free access to customer service, online banking. A check card will also be issued.
Redneck only allows about six pre-authorized take outs every month. A $5 fee is collected for every transaction that goes over the cycle limit.
Redneck is the online division of Wichitas. It is a country bank founded in 1913. The bank is insured with the FDIC.
