AmericaNet Bank
Category: Bank Deals, Checking Accounts, Money Market Rates- fhuff- 3:19 pm/ December 18, 2009Two AmericaNet Bank deals offer higher than average interest rates. The bank’s Rewards Checking account offers a 4% annual percentage yield (APY) and the Mega Money Market Account offers a 2% APY.
AmericaNet is part of Oklahoma-based All America Bank, which has been in business since 1969.
Details of the free checking account offer include:
- Free online banking
- Free AmericaNet Bank Visa CheckCard
- Free daily email notification if checking account is overdrawn
- Free ATM transactions world-wide
- No minimum balance
The only requirements to get the 4% rate on the free checking account are to make 10 sales transactions with the Visa CheckCard and to receive all statements electronically. The 4% interest rate applies to account balances up to $10,000. Balances over $10,000 earn 1% APY.
Details of the money market offer include:
- Electronic statements
- Free AmericaNet Bank Visa CheckCard
- No monthly maintenance fee
- Free online banking
- No minimum balance
The money market rate of 2% APY applies to balances up to $35,000. Balances over that amount earn 1% APY. Money market accounts include six free withdrawals each month. Each withdrawal over that amount is subject to a $5 fee.
AmericaNet Bank allows you to open two Rewards Checking accounts and one Mega Money Market Account in your name. Money deposited in accounts is FDIC-insured.

