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  All America Bank Regular Savings Account

All America Bank Regular Savings Account

in Savings Accounts from All America Bank · fdic

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All America Bank Regular Savings Account

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in Savings Accounts from All America Bank · Member FDIC

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Highlights
Monthly Fee $0 - $5
APY (Annual Percentage Yield) 0.05%
APY Minimum Balance $25

All America Bank Regular Savings Account Review

All America Bank Regular Savings Account is offered by All America Bank, a bank founded in 1927 and based in Cache, OK. All America Bank Regular Savings Account is available in 1 state across the USA.

Key Takeaways
  • Higher than average APY. All America Bank Regular Savings Account has an annual percentage yield of up to 0.05%, which is higher than the national average interest rate on savings accounts. Note that you must keep a minimum balance of $25.
  • $0 monthly Service Charge available. This account charges a monthly service fee of up to $5, but the fee is waived if you keep a minimum balance of $25.
  • No ATM fees. All America Bank Regular Savings Account does not charge fees on ATM transactions.
  • Bill pay. Pay your bills to practically anyone in the United States through All America Bank.
All America Bank Regular Savings Account Pros & Cons
Pros Cons
  • Interest-yielding account.
  • Access to physical branches.
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Only available in one state.
  • Higher than average wire transfer fees.
  • Monthly service charge.
All America Bank Regular Savings Account FAQ

Are savings accounts from All America Bank federally insured?

Yes, your All America Bank savings accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

Does All America Bank offer a signup bonus?

All America Bank Regular Savings Account doesn't offer a signup bonus.

What is the minimum initial deposit for All America Bank Regular Savings Account?

The minimum deposit to open a All America Bank Regular Savings Account is $50.
All America Bank Regular Savings Account Minimums
Description
APY Minimum Balance $25
Minimum Balance to Avoid Monthly Fee $25
Minimum Combined Balance to Avoid Monthly Fee $25
Minimum Opening Deposit Starting at $50

What APY does All America Bank offer?

All America Bank Regular Savings Account offers an APY of 0.05% (APY stands for annual percentage yield, rates may change).

The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually.

What fees does All America Bank Regular Savings Account charge?

All America Bank Regular Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

However, you can waive the monthly fees if you have a minimum daily balance of $25. You can also waive the fee by keeping a combined balance of $25.

  • Outgoing domestic bank transfers come with a $25 fee.
  • Outgoing international bank transfers come with a $40 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
  • All America Bank Regular Savings Account charges $3 every time you request a paper statement.

What features and perks does All America Bank Regular Savings Account offer?

This savings account includes the following features:

  • Check images with monthly statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks for each statement period.
  • Fraud monitoring - All America Bank Regular Savings Account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
  • Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - All America Bank Regular Savings Account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.

Can you set up a direct deposit to All America Bank Regular Savings Account?

In most cases, the answer is yes. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

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Other Services by All America Bank

Availability

  Available in 1 state
Oklahoma
Availabile in all of Oklahoma

Feature Breakdown

APY Minimum Balance $25
Minimum Balance to Avoid Monthly Fee $25
Minimum Combined Balance to Avoid Monthly Fee $25
Minimum Opening Deposit Starting at $50
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - International (Incoming) $0
Monthly Fee $0 - $5
Paper Statement Fee $3
Returned Deposit Fee (Domestic) $25
Wire Transfer Fee - Domestic (Outgoing) $25
Wire Transfer Fee - International (Outgoing) $40
Bauer Financial A+/A Rating
Account Features
  • Automatic Transfers
  • Bauer Financial A+/A Rating
  • Branch Access
  • Check Images with Statement
  • Fraud Monitoring
  • Free Bill Pay
  • Interest Bearing Account
  • Mobile Banking
  • Mobile Check Deposit
  • No ATM Fees
  • No Monthly Maintenance Fee
APY (Annual Percentage Yield) 0.05%

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