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Redneck Bank

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Re: Redneck Bank

#41

Post by oarsinsync »

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.

Is there an option that gives me the liquidity of cash / bank balance, without the loss of money, that isn't a bank account?

Best I can get in an immediate access bank account here is 1.35%. Cash is 0%. I can't pay rent and bills with anything else that I'm aware of.

IE, Is there a way that doesn't result in someone 'basically stealing [my] money', or am I screwed no matter what?

Re: Redneck Bank

#42

Post by danesparza »

tjpnz wrote: post #38
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.

Not to split hairs, but I would expect more rhyming for Cockney. Examples: https://www.theguardian.com/education/2014/jun/09/guide-to-c...

Re: Redneck Bank

#43

Post by jumbopapa »

reaperducer wrote: post #26
axaxs wrote: post #19

Earlier quoted context omitted.

Yes, perfect comparison. This is super popular nowadays. Fintech startups like Varo, Sofi, Chime, GreenDot, and I think Simple all use the FDIC of their 'partner' banks. IMO not much risk, all my money is in the first two I mentioned.

So is this a strategy that Apple could use with Goldman Sachs to turn Apple Card into Apple Bank?

Sure. Basically all these new checking and savings accounts that are coming out, Robinhood, Google, Credit Karma, etc., are actually being serviced by a real bank.

Re: Redneck Bank

#44

Post by stephencanon »

mnemonicsloth wrote: post #6

They say they're an FDIC member. The FDIC says [1] Redneck bank is another name for All America Bank, which has been insured since December 22, 1969. There are at least two populations that would like this, IMO: a hipster crowd who are not in any way like rednecks, and the country crowd who look like rednecks to outsiders and call themselves rednecks, but who insist, if you ask them about it, that they're being tongu…

> the country crowd who look like rednecks to outsiders and call themselves rednecks, but who insist, if you ask them about it, that they're being tongue-in-cheek about it.

Those are hipsters.

Re: Redneck Bank

#45

Post by JSeymourATL »

aosmith wrote: post #32

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/

Right on!

And the CEO, Shawn Braden (evidently the founders granddaughter) - has a rather thin profile.

Unusual for a savvy FinTech-ish firm > https://www.linkedin.com/in/shawn-braden-8a4467120/

Still, good on you Mustang, Oklahoma!

Re: Redneck Bank

#46

Post by LINGsCARS »

fredley wrote: post #40
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.

Grassy arse - Ling
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