AmericaNet Bank Money Market Account Review
Here at Online Banks Blog, we look for the latest and best deals and offers from online banks. AmericaNet Bank is the online banks site for All America Bank in Oklahoma. They are FDIC insured and are making a name for themselves with the AmericaNet Bank Money Market Account: Mega Money Market.
This is an online-only offer and this AmericaNetBank money market offers a whopping 3.10% annual percentage yield. There are limits to this Americanet money market account, but you may not see them as such. The yield applies to balances up to $35,000 and anything above that earns only 1.65% APY.
This AmericaNet Bank Money Market Account includes six free withdrawals per month, eletronic monthly statements, a VISA checkcard against the account, no maintenance fees, free online banking and customer service, and many other things that other online banks charge for.
Most amazing of all about this Americanet money market account is the no minimum deposit requirement. Accounts like this, especially through online banks, usually have fees associated if minimum balances in the thousands aren’t kept. Not so with the AmericaNetBank money market Mega account.
So if you’re shopping online banks for a good, high-yield money market offer, you should definitely check out this AmericaNet Bank Money Market Account and see if it’s right for you.
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Comments
One Comment on AmericaNet Bank Money Market Account Review
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Pilm on
Thu, 6th May 2010 12:14 pm
This is for anyone using or considering AmericaNet Bank, be very very careful! I put $5000 in an AmericaNet Bank savings account because they offered a 2% rate. Every quarter I’d go online and check my account. Well, come to find, after my one year anniversary with AmericaNet Bank they began to charge a $10/month fee. AmericaNet Bank did not provide any notice whatsoever when they started helping themselves to my money. It wasn’t until I logged on recently for my quarterly account review I found $20 missing. After invesitigation I found that after one year, if you don’t add more money, your account is considered dormant, and AmericaNet Bank starts penalizing your account $10/month every month until you add more money. Almost seems like extortion to me! I’ve used at least a dozen online Savings accounts and have never had money drained from my account like AmericaNet Bank is doing! No bank has ever penalized me for leaving my money in their account! But AmericaNet Bank does! Beware, beware, beware! AmericaNet Bank is a sham and ripoff.
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