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AmericaNet Bank

Category: Bank Deals, Checking Accounts, Money Market Rates- fhuff- 3:19 pm/ December 18, 2009

Two 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.

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