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Redneck Mega Money Market account review

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The 0.6% APY is as pretty as a peach ⁠— but you have a cap on ATM withdrawals.

The Redneck Mega Money Market account has no monthly fees and the potential to earn up to 0.6% APY. The southern twang is strong with this one, so it’s best for anyone who likes redneck tomfoolery. But as with most money market accounts, you need at least $500 to get started.

Up to 0.60%





Minimum deposit to open


APY0.60% on balances of $0 to $50,000 You'll need opt in for electronic statements
0.25% on balances of $50,001+
Minimum deposit to open$500
Minimum balance to earn interest$0
Interest compoundingDaily
Fee per transaction over the limit$5
More Info

Expert review

Cassidy Horton

Review by

Cassidy Horton is a writer for Finder, specializing in banking and investments. She has a Bachelor of Science in Public Relations and a Master of Business Administration from Georgia Southern University. Cassidy enjoys educating people about financial services, exploring the Pacific Northwest and watching endless reruns of The Office.

Expert review

The Redneck Mega Money Market account is best for anyone looking for a free, high-yield account with a little bit of personality. There aren’t any monthly fees and you have the potential to earn up to 0.6% APY.

How do I open a Redneck Mega Money Market account?

Follow these steps to open your Redneck Mega Money Market account online:

  1. Go to the provider’s site and follow the steps to apply.
  2. From Redneck Bank’s website, click High Interest Accounts.
  3. Find Mega Money Market in the drop-down menu and click Open Account.
  4. Select Mega Money Market from the product list and click Start Application.
  5. Select whether you’re a new or returning customer and click Continue.
  6. Enter your personal information, review the account agreements, answer the security question and click Continue.
  7. Follow the prompts to verify your identity, review and submit your application and make your initial deposit.

Your debit card should arrive in the mail five to 10 business days after funding your account.


Anyone who meets these requirements can open a Redneck Mega Money Market account:

  • At least 18 years old
  • US citizen or resident
  • Valid Social Security number
  • Initial deposit of $500

Required information

Have this information on hand when you apply:

  • Full name, date of birth and email address
  • US residential address
  • Social Security number
  • Driver’s license or state ID number
  • Citizenship
  • Employment status
  • Mother’s maiden name (for the security question)

What are the benefits of a Redneck Mega Money Market account?

The Redneck Mega Money Market account is FDIC insured, comes with checkwriting privileges, mobile banking and these features:

  • Earn interest. Earn 0.6% on balances up to $50,000 and 0.25% on balances over this limit when you opt in for electronic statements.
  • No monthly fees. The Redneck Mega Money Market account doesn’t have any monthly maintenance fees or minimum balance requirements — unlike other money market accounts.
  • Free ATM usage. Redneck Bank doesn’t charge ATM fees, so you can use your debit card for free worldwide. But you might still have to pay operator fees.

What should I look out for?

As with most money market accounts, you can’t make more than six outgoing transactions a month. But the Redneck Mega Money Market account also has these drawbacks:

  • Opening deposit. You’ll need at least $500 to open this account, which is typical with money market accounts.
  • Miscellaneous fees. Expect to pay $3 for paper statements, $5 for card replacements, $10 for dormant accounts and $5 per transaction for excessive withdrawals.
  • Cap for online bill pay. Your account comes with 10 free online bill payments a month. After that, expect to pay $0.50 for each transaction.
  • Cap on ATM withdrawals. Money market accounts typically come with unlimited ATM withdrawals. But with Redneck Bank, they count toward the six-monthly withdrawal limit.

Compare with other savings accounts

Name Product Interest rates (APY) Fee Minimum deposit to open Interest earned
American Express® High Yield Savings
Enjoy no monthly fees and a competitive APY with this online-only savings account. Accounts offered by American Express National Bank, Member FDIC.
Axos Bank High Yield Savings
No monthly maintenance fees. No minimum balance requirements. Interest compounded daily.
Aspiration Spend & Save Account

1.00% on $0 to $10,000 but you’ll need to be enrolled in Aspiration Plus and make at least $1,000 in debit card purchases a month
$0 per month or $7 per month for Aspiration Plus ($5.75 per month if you pay annually)
Deposits are fossil fuel-free and insured by the FDIC. Enjoy a spend and save combo account with unlimited cash back rewards and a $100 bonus when you spend $1,000 in your first 60 days.
CIT Bank Money Market
A savings account with a higher-than-average rate and minimal fees.
SoFi Money
SoFi Money® is a cash management account that charges no account fees to save, spend, and earn cash back rewards when you spend on brands you love.

Compare up to 4 providers

But there’s a cap on ATM withdrawals and there are some miscellaneous fees to watch out for. If you’re not quite into this account’s redneck theme, you may want to explore other options.

How do I deposit or withdraw my money?

There are several ways to access funds in your Redneck Mega Money Market account:


  • Direct deposit
  • Check sent via US mail
  • Mobile check deposit
  • Wire transfer
  • Bank-to-bank transfer
  • Person-to-person transfer
  • Transfer from a Redneck Rewards Checkin’ account


  • Withdrawal at an ATM
  • Paper check
  • Cash back at a retailer
  • Wire transfer
  • Bank-to-bank transfer
  • Person-to-person transfer
  • Transfer to a Redneck Rewards Checkin’ account

Frequently asked questions

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