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AmericaNet Bank is offering a rewards checking account with 4.00% APY interest on balances up to $10,000. This interest checking rate is current as of 8/26/2009.

In order to earn this rate, you must fulfill the following:

  • Make 10 AmericaNet Bank VISA CheckCard sales transactions
  • Opt in to electronic statements

The AmericaNet rewards checking account also features:

  • Balances over $10,000 will earn 1.00%
  • If requirements are not met the interest rate drops to .25%
  • FREE Online Banking
  • FREE Checking
  • FREE AmericaNet Bank® VISA® CheckCard
  • FREE Customer Service
  • FREE Daily Email Notification if Overdrawn
  • FREE ATM Transactions Worldwide

In addition to the checking account, AmericaNet also offers a mega money market account with 2.00% APY interest on balances up to $35,000.

Some additional details of this account include:

  • Earns interest of 2.00%  APY calculated on your daily balance of up to $35,000.
  • Amounts over $35,000 earn 1.00%  APY
  • Includes 6 FREE withdrawals per month
  • $5 fee for each additional withdrawal

AmericaNet Bank is a division of All America Bank, a small FDIC-Insured bank headquartered in Oklahoma City, OK. The bank has deposits of $72.1 million, and operates 2 branches in 1 state. However, this division has no branches – it only interacts with consumers online, by phone, or by mail. The company reports that it has 42 employees. The bank was established in December, 1969 and has been a member of the FDIC since December, 1969.

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