Comments on: 5.25% APY Checking Account, Free ATM – Daily Deal!

By: Best Checking Accounts For 2010 – February Update | RateNerd

Best Checking Accounts For 2010 – February Update | RateNerd — Wed, 10 Feb 2010 15:09:28 +0000

[...] AmericaNet Bank Rewards Checking Account - 4.00% APY [...]

By: Best Checking Account Deals – Daily Deal | RateNerd

Best Checking Account Deals – Daily Deal | RateNerd — Fri, 09 Oct 2009 09:59:55 +0000

[...] AmericaNet Bank – 4.00% APY on Rewards Checking Account (down from 5.25% in April, 2009) [...]

By: Rate Nerd

Rate Nerd — Tue, 01 Sep 2009 00:41:37 +0000

Great comment and thanks for pointing this out. The theme of RateNerd is to present the most current unadvertised bank deals and offers – one of the dangers is that the banks frequently change promotions and rates, so when you see one on this site you generally need to move on it quickly.

Reader suggestions and sharing deals are very helpful, too!

By: david wilson

david wilson — Mon, 31 Aug 2009 21:38:49 +0000

I saw on RateBrain that this rate is down to 4%. Have you considered updating this post? I clicked on this link in the email from ratenerd that said 5.25% only to be disappointed

By: Mark

Mark — Wed, 13 May 2009 20:25:18 +0000

I’ve had an account with them for a couple of months now. Everything is great!

By: Rate Nerd

Rate Nerd — Wed, 29 Apr 2009 19:06:24 +0000

Confirmation from AmericaNet Bank on when these rates expire:

Right now the rates are as advertised starting May 5th they will be lowered to 4.00%- Rewards and 2.00%- Mega Money Market. Feel free to contact us if you have any more questions.

Thank you,

AmericaNet CSR

By: Rate Nerd

Rate Nerd — Wed, 29 Apr 2009 14:42:42 +0000

Jay thanks for the follow up – I just called there and they told me that the advertised rates are still valid, until May 5, 2009. On that day, they will drop to 4% on checking and 2% on the money market account.

By: jay

jay — Wed, 29 Apr 2009 12:54:38 +0000

I guess no one reads these comments. I called Americannet Bank 1-888-210-2028 again today. The nice lady there again informed me the rates have changed.
4% on the checking and 2% on the MMA. You don’t have to believe me, check it out yourself 1-888-210-2028.

By: jay

jay — Thu, 23 Apr 2009 17:11:06 +0000

Yes, but I called the bank after receiving an email alert just after opening an account. The person I spoke to informed me of the rate change on 4/22.
I also checked their site that is apparently a little slow.

By: Rate Nerd

Rate Nerd — Thu, 23 Apr 2009 13:20:41 +0000

Thanks Jay – but I just checked their web site and they are still advertising 5.25% APY on this plan. But your point is well taken that rates can move quickly, and generally they will move in the wrong direction faster than the right direction (meaning savings rates will fall quicker than they rise, and loan rates will rise quicker than they fall).