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All America Bank Review

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All America Bank Savings
0.50% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Founded in 1969, All America Bank has assets totaling $410 million as well as deposits totaling $337 million, which makes it a medium-size bank. All America Bank, whose headquarters are in Oklahoma City, Oklahoma, lacks premium access to support representatives, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. Overall, All America Bank is a great choice and should warrant serious consideration, with a score of 4.4 stars out of 5 from the SmartAsset experts. All America Bank provides customers with a complete array of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. All America Bank has a fair savings rate; other popular banks have higher rates. If you're looking for a checking account for everyday use, the bank's most basic checking does not have a monthly maintenance fee. Finding an institution with free checking, in addition to a high savings APY is the best bet for accruing the highest income from your deposits while maintaining convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.4/5
National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more

Rates

4.3
SmartAsset Average: 3.5

All America Bank features a savings rate of 0.50%, which is fair in comparison to the national average. All America Bank's one-year CD has a rate of 1.90% and the five-year CD has a rate of 2.50%, while its highest-yielding money market account has a rate of 0.80%. Given All America Bank's below average savings rate, you should consider looking at the competition to open savings accounts.

How All America Bank's Savings Rates Compare

All America Bank Savings 0.50 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

All America Bank typically has extremely low fees in comparison to other U.S. banks. Its checking account has no monthly fee, ranking it excellent for anyone looking for a simple account. All America Bank unfortunately doesn't refund out-of-network ATM fees, which means you'll need to find an All America Bank ATM or eat the withdrawal fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

3.9
SmartAsset Average: 3.7

All America Bank is a brick-and-mortar bank, with seven total bank locations in Oklahoma. With mobile and web apps, All America Bank makes account access convenient, even on the go. It does not provide access to all-day customer service with actual service representatives. You can get help during its customer service hours, which are Monday through Friday and 8:00 a.m. to 5:00 p.m. CT. All America Bank's online and mobile banking services receive fair feedback from customers. The All America Bank mobile app scored a 3.8 out of 5 (with 39 ratings on iOS and Android) compared to the national average of 3.8. All America Bank's mobile app allows you to manage your accounts by looking at account balances, sending and receiving money as well as accessing customer service. All America Bank gets an exceptional consumer satisfaction score due to relatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 3.8/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.4
SmartAsset Average: 4.8

All America Bank is currently a medium-size bank and handles $410 million in assets as well as $337 million in deposits. All America Bank's Texas Ratio is 13.02%, denoting that the bank is in fine financial health and unlikely to fail. Additionally, All America Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

13.02%
High Risk 75% 50% 20% 10% Low Risk

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

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Compare All America Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.5% APY $100
Checking Account 0.4% APY $2500
Certificates of Deposit
  • 12 Month: 1.90% APY
  • 24 Month: 2.10% APY
  • 36 Month: 2.35% APY
  • 48 Month: 2.50% APY
  • 60 Month: 2.50% APY
$500 for all terms
Money Market Accounts 0.6% APY 0.8% APY $10000 $15000

All America Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. All America Bank does not have the best savings rate, which means you should consider taking a look elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. All America Bank's CD rates are fair in comparison to other U.S. banks.

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Find a All America Bank Near Me

All America Bank has seven physical locations across the U.S.

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