Comments on: AmericaNet’s 3.10% Money Market

By: Kelly

Kelly — Wed, 06 May 2009 02:31:35 +0000

How come my MMA interest rate only shows 0.99%? Not even 2%.

By: Lucas

Lucas — Fri, 24 Apr 2009 02:31:42 +0000

Just signed up for a new account this week and can confirm that the rates for the MMA are dropping to 2%. Of course, the AmericaNet Bank website says it is still 31.%. You only get notified of the 2% when you receive your welcome letter. This smells like false and misleading advertising! In my mind Mr Huckabay is right up there with the worst of the Wall Street crooks that sunk our banking system.

By: Joe

Joe — Thu, 23 Apr 2009 04:38:36 +0000

Have banked at All America since ‘08 when the Rewards Checking was 5.25% for $25,000 or less and 2.65% for anything over. They have dropped to $10,000 and 2.25% as April 15th. NOT A HAPPY CAMPER!!!!!
Now jsut got an email from them stating as May 5,2009 that they are going to 4% up to 10,000 and 1% on anything over $25,000!!!! Limit 2 accounts per SS # on Rewards Checking. I had gone in to talk about getting a .25% bump for a jumbo amount that I had there($225,000), and they said they didnt need my money. Could all they needeed from the Fed! Good bye– time to look elsewhere!!!!!!!!!

By: John

John — Fri, 13 Mar 2009 17:49:38 +0000

I am a new customer at AmericaNet. I have found their customer service to be excellent. Yesterday I received a letter from the bank indicating that the money market maximum will be $35,000 and the Rewards Checking maximum will be $10,000 (currently $25,000). You can still have two Rewards Checking accounts. Letter indicated all changes become effective April 15, 2009. The bank, therefore, is upfront about the changes. Th interest rates will remain the same.

By: Dennis

Dennis — Tue, 10 Mar 2009 22:14:33 +0000

The customer service is less than acceptable….they give wrong information and when you talk to the president wayne huckabay he could care less that you are out time and money. He just says with the rate they are paying it will more than make up for your inconvenience.
Its not worth the hassle…..and they are changing the maxium you can put into your money market to 35000.00 hoping you won’t notice and leave the overage there…………..what a joke……

By: Tony Bisceglia

Tony Bisceglia — Mon, 09 Mar 2009 03:33:32 +0000

I wanted to deposit $100,000 in an AmericaNet 3.1% money market account. My credit report (850 FICO) is frozen to avoid fraud. My app was rejected. When I called the bank, the clerk said that the app was under consideration and that the frozen report might have caused the problem. I explained that I would pay the $10 to unfreeze the report, but that I didn’t want a credit card, debit card or anything else from them. I wanted to give them $100,000! He said I would have an answer in a day or two. That was a week ago. What a waste of time. I’ll just add to my Capital One on line acct. at 2.5%!

By: SI Reasoning

SI Reasoning — Sat, 07 Mar 2009 04:27:02 +0000

bah… interest is compounded monthly and they can change their interest at any time…. hardly worth the effort.

By: jake

jake — Mon, 02 Mar 2009 16:53:31 +0000

This is a ludicrous bank: They allow only $1500 in electronic transfers per month! This means that to deposit or withdraw money in amounts larger than those of a 2009 piggy bank, you need to do it the old-fashioned way: paper check or bank wire! Anyone with any serious money and multiple bank accounts won’t have the time to deal with this nonsense. The bank needs to get out of the stone age.

By: Ed B

Ed B — Sun, 01 Mar 2009 23:40:54 +0000

At 3.25% APY (as of March 1st) SmartyPig.com deserves a look. According to an account rep, you have to make a monthly deposit (minimun of $10) into your account to meet your specific savings goal. I also believe they will pay that rate up to $50,000.

“SmartyPig is committed to providing you one of the most competitive interest rates in the country so that while you’re working hard to reach your goal, your money is working hard for you”.

By: Mike M

Mike M — Sun, 01 Mar 2009 14:19:56 +0000

All America Bank, the parent company of AmericaNet, has a 4 star bankrate safe and sound rating.

Amazing… a very high bankrate rating and a stellar interest rate (considering the alternatives). I might have to give them a shot

By: BloggingBanks

BloggingBanks — Sat, 28 Feb 2009 15:48:24 +0000

I guess if you open AmericaNet’s Rewards Checking Account and you have more than 25K in it, you should put the rest in AmericaNet’s 3.10% Money Market, yielding 3.10%.

Thanks for the heads up Johns! Are you aware of any other high yielding bank deals on CDs?