All America Bank Review – Rate Increased To 4.25% APY With No Requirements (Up To $100,000)

Update 11/17/22: Rate increased to 4% APY.

Update 8/24/22: Rate increased to 2.25%

Update 5/19/21: Rate now 0.6%

Update 7/29/20: Rate now 1.1%

Update 12/23/19: Rate now 1.75%

Update 12/20/19: Rate now 2%

Update 10/23/19: Rate has now been reduced.

Update 10/3/19: Effect 10/22/19 rate will be reduced to 2.25% APY. Best high interest accounts can be found here.

Update 6/23/19: Rate has been reduced to 2.4%, for a list of the best high interest accounts click here.

Update 5/26/19: Rate will be decreased to 2.4% APY on June 21st, 2019

Update 1/23/19: Rate has been increased to 2.5% APY (up from 2.25% APY). Hat tip to reader Mikey

All America Bank offers a Mega Money Market personal checking account. This account earns 2.5% APY on balances of up to $50,000. Let’s take a quick look at it.

The Basics

  • Earns 2.5% APY on balances of up to $50,000
  • Earns 0.5% APY on balances over $50,000
  • Limit of one account per individual
  • No monthly maintenance fees
  • Free debit card (first 6 withdrawals per monthly statement cycle are free and then $5 fee)
  • Minimum opening amount is $500
  • Soft pull to open account
  • Cannot be funded with a credit card
  • They do pull ChexSystems
  • Initial funding by ACH, minimum is $10 and maximum is $1,000
  • When using their ACH (both in & out) you’re limited to a maximum of $5,000 per day. If you use another banks ACH to transfer in (or do an ACH pull out) there is no limit.

Interest Rate History

  • Update 10/19/18: Rate has been increased to 2.25%. One thing I like about All America Bank is that they frequently have one of the highest rates available and raise rates for existing customers automatically – unlike some other unethical financial institutions. Rate on rewards checking has also been increased to 2.75% APY.
  • Update 06/22/18: Rate has been increased to 2% (from 1.75). Hat ip to reader Phil. & Eric
  • Update 02/21/18: Rate has been increased to 1.75% (from 1.5%), maximum balance increased to $50,000 (from $35,000).  Hat tip to reader Deymond L

Our Verdict

This looks to be the same account that is offered by Red Neck Bank, I’m not sure if you can have an account with both. This is the best basic savings account interest rate out there currently. If you have any experiences with this bank then please let us know in the comments below.

Thanks to reader John for letting us know.

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461 Comments
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Relax and Smile
Relax and Smile (@guest_2086070)
June 25, 2025 07:15

Rates have decreased again – to 4.00/4.25%

Brittany
Brittany (@guest_2085325)
June 24, 2025 16:09

I would recommend avoiding this bank!

Bank has really gone downhill. Been with them for several years. In addition to the rates dropping like a rock the last 4 months with no notification that they have lowered rates, I’ve had numerous issues where they have cancelled ACH withdrawals when there are available funds continually from the time the withdrawal was submitted, the time they cancelled it and through the rest of the day. The system correctly approves the withdrawal but then I was told the CS agents literally manually go in and check on every withdrawal request and cancel things, and the CS agents are clueless as to what available vs settled funds are and cancel things that shouldn’t be cancelled. They also do not notify you they have cancelled your withdrawal by email, secure message, phone or anything. You have to continually check on them to make sure its being processed. I have even gone in and resubmitted the same withdrawal right after it was manually (erroneously) cancelled and it goes through that same day fine.

They also wait until a week before the debit card expires to send a replacement. This wasn’t an oversight, I was told this is their actual policy. I had several debit card transactions fail on the final month before the card expired and was told that it was because of an error in their system related to the card expiring that month. I had already asked where my replacement card was and they had told me that their systems wait until about 2 weeks before the card expires to send the new card which should arrive about a week before the expiration EOM. So they created their own problems with known bad policies.

Eric 🔗
Eric 🔗 (@guest_2085516)
June 24, 2025 17:40

#1. I agree with you that it’s annoying how they’ve been lowering rates a lot lately.

#2. That’s worrisome that they cancelled many of your ACH withdrawals. Were they new external accounts that you were sending the money to? What was their reasoning for cancelling them?

#3. I’ve also noticed that they don’t send new debit cards out. It doesn’t bother me that much because I don’t much of a reason to use it. However, I agree with you that it’s not a good policy.

00100100
00100100 (@guest_2066632)
May 23, 2025 16:03

APY decreased from
MM: 4.25% & Rewards PC: 4.50% to
MM: 4.15% & Rewards PC: 4.40%

Eric 🔗
Eric 🔗 (@guest_2029818)
March 24, 2025 08:19

 William Charles,

Can you update both the APY and the limit that I bolded in the quote below that I pulled from AAB’s site?

“Our Mega Money Market® personal checking account offers a high yield of 4.25% APY* on up to $100,000.”

https://www.allamerica.bank/personal/banking/checking/mega-money-market-checking

JoeZ
JoeZ (@guest_2029458)
March 23, 2025 13:30

Money market now 4.25% APY Checking 4.50% APY.

Eric 🔗
Eric 🔗 (@guest_2029819)
March 24, 2025 08:20

JoeZ Anthony

In case you are not aware, there is a separate post on the AAB Rewards Checking account here: https://www.doctorofcredit.com/america-bank-ultimate-rewards-checking-2-apy-soon-2-25/.

Anthony
Anthony (@guest_1917560)
September 23, 2024 09:51

Money market now 4.4% APY and Checking 4.65% APY

crowderdd52
crowderdd52 (@guest_1887775)
August 4, 2024 08:33

Although website shows the MMM at 4.75%, my last interest posted at 4.65% on 07/19/2024.

Eric 🔗
Eric 🔗 (@guest_1888970)
August 6, 2024 18:47

4.75% is the APY, which is accurate for the APR, which is 4.65%.

crowderdd52
crowderdd52 (@guest_1899636)
August 26, 2024 13:49

My mistake. Thank you, Eric.

Drew$$
Drew$$ (@guest_1862845)
June 21, 2024 12:37

Rates have dropped.
Ultimate Rewards Checking: 5.00%
Money Market: 4.75%

Count de Monet
Count de Monet (@guest_1862815)
June 21, 2024 11:46

Rates dropped again, 5.00%/4.75%

Eric 🔗
Eric 🔗 (@guest_1844032)
May 13, 2024 11:22

I just tried to login and received the below error. Have any of you been able to successfully login lately?

This online.securebankcentral.com page can’t be foundNo webpage was found for the web address: https://online.securebankcentral.com/AllAmericaBankOnline/Uux.aspxHTTP ERROR 404

Ixo
Ixo (@guest_1844034)
May 13, 2024 11:25

I’m able to login normally.