Redneck Bank Savings Account

Redneck Bank, the online banking arm of Bank of the Wichitas, has an online savings account they call their ”Mega Money Market Account”. The savings account/money market account has one of the best savings rates and yields available right now.

The bank's current advertised APY is 2.00 percent. Their money market account rate is a lot higher than the average savings account rate and money market account rate. The average savings account rate is only one quarter of Redneck Bank's rate right now.

Their is a cap on how much money can earn that great yield.  The 2.00 percent yield is for account balances of up to $35,000. Account balances over $35,000 receive an APY of 1.00 percent, which is still double the average savings rate.

Bank of the Wichitas is based in Snyder Oklahoma and they have been in business since 1913. Deposits are insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000.

Redneck Bank Mega Money Market Account info: Money Market Account
Author: Robert Till
February 12th, 2010
Posted in: Savings Accounts