Wednesday, 25 November 2020

Redneck Bank Review of Checking and Money Market Accounts

Redneck Bank Review of Checking and Money Market Accounts
10 Oct
7:40

Redneck Bank’s Most Popular Accounts

APY

Account Type

Account Name

Compare Rates from Similar Accounts

2.00%

Savings

Redneck Bank Mega Money Market Account

2.15%

CIT Bank Savings Builder

LEARN MORE Secured

on CIT Bank’s secure website

Member FDIC

Redneck Bank’s checking account option

magnifying glass

How Redneck Bank’s checking account compares

The fact that you can easily earn high interest rates on any amount for this account, and that it doesn’t have any monthly fees or balance requirements, is a huge plus. While there are some minimal fees to watch out for with this account, they are fairly easy to avoid. The $500 minimum opening deposit is higher than many other checking account options out there, but don’t let that deter you, as the potential to earn high interest rates is definitely a worthwhile tradeoff.

Redneck Bank’s money market account option

magnifying glass

How Redneck Bank’s money market account compares

That this account’s APY is higher than many of the best money market accounts available and can be earned on any amount up to $50,000 definitely makes it a winner. Its lower minimum deposit amount and absence of a daily minimum balance requirement score it some additional points as well.

While there are some seemingly arbitrary, albeit low, fees (like 50 cents when you pay more than 10 bills online), they’re easy to easy to avoid and definitely not a dealbreaker.

Advertiser Disclosure: The card offers that appear on this site are from companies from which MagnifyMoney receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MagnifyMoney does not include all card companies or all card offers available in the marketplace.

Emilia Benton

TAGS:

Recommended by

This Cash Back Number May Surprise You

This Cash Back Number May Surprise You

Best Travel Credit Cards With No Annual Fee

Best Travel Credit Cards With No Annual Fee

Getting Approved For 1 Of These Credit Cards Means You Have Excellent Credit

Getting Approved For 1 Of These Credit Cards Means You Have Excellent Credit

2 Credit Cards Charging 0% Interest until 2019

2 Credit Cards Charging 0% Interest until 2019

Source: https://www.magnifymoney.com/blog/reviews/redneck-bank/

« »

Szemere

Related Articles