Redneck Bank, the Internet Banking Division of Bank of the Wichitas based in Snyder Oklahoma, is offering their Mega Money Market Account that currently has an annual percentage yield of 2.00 percent which is higher than most 12-month CD rates these days.
The high yield money market account of 2.00 percent is for account balances of up to $35,000. Money market account balances of more than $35,000 receive an annual percentage yield of 1.00 percent.
The Mega Money Market Account yield is higher than the national average money market account or savings account rate. Currently the national average rate is for account balances of $25,000 is 0.622 percent.
Redneck Bank not only offers a high yield on their money market account there website is hilarious. The bank’s motto is “Where Bankin’s Funnier” The bank also is offering a high yield checking account with an annual percentage yield of 4.00 percent. Like all rewards checking accounts there are monthly minimum transcations you have to do to earn the high yield.
Redneckbank.com
Author: Jason P. Jones
September 4th, 2009
