Redneck Bank • Hacker News Board

Re: Redneck Bank

#31

Post by mandelbrotwurst » Tue, Feb 11, 2020, 6:08 AM UTC

Causality1 wrote: post #22

Cyberdog wrote: post #9

Earlier quoted context omitted.

According to the fine print, you need to keep a balance of $10,000 to get that 2.25% rate. There have been points in my life when I've had that much money in the bank, but this is not one of them.

Inflation is 2.3%.

What's your point?

Re: Redneck Bank

#32

Post by aosmith » Tue, Feb 11, 2020, 6:47 AM UTC

Has anyone gone down the rabbit hole of looking into this bank?

https://www.linkedin.com/in/redneck-bank-352214aa/

Edits (in chronological order):

- This is the bank responsible: https://www.bankonitusa.com/

Re: Redneck Bank

#33

Post by thunderrabbit » Tue, Feb 11, 2020, 7:10 AM UTC

geekpowa wrote: post #27

Apparently rednecks have bandwidth and time to burn. Home page load: * 48 requests * 5.68 / 5.69 MB transferred * Finish: 42.53s * DomContentLoaded: 1.67s

It didn't load at all for me.

Re: Redneck Bank

#34

Post by eru » Tue, Feb 11, 2020, 7:20 AM UTC

ebg13 wrote: post #23

While I recognize that this is (probably) a real bank, very high on my list of things that I definitely do not want from a banking website is "make me feel like you're not serious".

I wouldn't mind the copy writing too much. I'd pay more attention to eg sensible password policy.

Basically, if they allow the same strong passwords as eg GMail, I take that as a good sign. If they have silly restrictions like lots of banks, that would weight much higher in my estimate of them as an online bank than the silly copy.

Re: Redneck Bank

#35

Post by shitlord » Tue, Feb 11, 2020, 8:12 AM UTC

huac wrote: post #20

rp00 wrote: post #5

Nice interest rate. Their parent bank https://allamerica.bank/ has branches in Oklahoma and does agricultural financing as well as normal bank stuff. it's a clever way to diversify and get a wider online presence beyond Oklahoma. The fly is a great touch.

> To receive rewards from Redneck Rewards personal checking account, participants must: Make 10 Redneck Bank VISA debit card transactions per monthly statement cycle. Please refer to #9 below. Heh...that's quite a bit, considering the opportunity cost of each debit swipe is 2% cash back from credit.

That's pretty ordinary for a checking account incentive. 10 x $0.50 Amazon gift cards will do the trick.

Re: Redneck Bank

#36

Post by GeorgeWBasic » Tue, Feb 11, 2020, 8:24 AM UTC

mandelbrotwurst wrote: post #31

Causality1 wrote: post #22

Earlier quoted context omitted.

Inflation is 2.3%.

What's your point?

I think his point is that it's a pittance of an interest rate and the bank paying any less than that is basically stealing your money.

Re: Redneck Bank

#37

Post by Angostura » Tue, Feb 11, 2020, 10:25 AM UTC

See also, the excellent Lings Cars https://www.lingscars.com if you are intrigued by this kind of web design.

Re: Redneck Bank

#38

Post by tjpnz » Tue, Feb 11, 2020, 10:34 AM UTC

tzs wrote: post #21

I hope they run Red Hat on the back end. For those who never installed Red Hat in the late '90s and so probably have no idea what I'm talking about, see this [1]. [1] https://imgur.com/gallery/yX5uw

Sounds more Cockney to me.

Re: Redneck Bank

#39

Post by sigio » Tue, Feb 11, 2020, 10:53 AM UTC

GeorgeWBasic wrote: post #36

mandelbrotwurst wrote: post #31

Earlier quoted context omitted.

What's your point?

I think his point is that it's a pittance of an interest rate and the bank paying any less than that is basically stealing your money.

Interest in almost all dutch banks is zero, or damn near zero (.1%), if not going negative soon enough.

Re: Redneck Bank

#40

Post by fredley » Tue, Feb 11, 2020, 11:14 AM UTC

Angostura wrote: post #37

See also, the excellent Lings Cars https://www.lingscars.com if you are intrigued by this kind of web design.

Lings Cars is a stone cold classic. I love introducing it to product designers for the first time. She's been running a successful business since 2004 with this site.