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Prepaid Card with 6% APY Savings

Posted on 8/11/15 at 2:11 pm
Posted by Pintail
Member since Nov 2011
10444 posts
Posted on 8/11/15 at 2:11 pm
Does this get talked about any on here?

The Mango card offers 6% APY on the first $5k and 0.10% for 5-10K. Just have to direct deposit $500 per month on the card and transfer it to the savings account.

Fees: $3 per month + ATM usage fees

Mango Prepaid Card

Does anyone have input on these or other higher interest savings options?
This post was edited on 8/11/15 at 4:50 pm
Posted by Rust Cohle
Baton rouge
Member since Mar 2014
1944 posts
Posted on 8/11/15 at 9:01 pm to
So $264 a year for 5k in?
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 8/12/15 at 4:13 am to
Yeah. The limit makes it not worth it.

If it was 50k, I would be in.
Posted by Teddy Ruxpin
Member since Oct 2006
39581 posts
Posted on 8/12/15 at 9:09 am to
quote:

Yeah. The limit makes it not worth it.


Only workaround I could think of is open multiple accounts under the names of people who don't mind, but that gets messy I suppose.
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