Author Topic: 6% apy Savings acct (Read 10144 times)

ayman · « **on:** July 31, 2015, 08:57:58 AM »

This was the only post I found on the topic.

Quote from: wayfe on March 17, 2013, 01:23:04 AM

Mango Prepaid has a 6% APY savings account (up to $5000, after that the APY gets lowered to a minute amount), free with direct deposit. Account costs $5 per month but it gets refunded if you load more than $500 per month.

https://www.mangomoney.com/what-is-mango

But their customer service is terrible so I closed my account.

But if you have patience...

Anyone else have an acct w them?

They just started accepting new applicants, is there a hard pull for their product.

(seems you need to dd $500 monthly to get the 6%)

ADG · « **Reply #1 on:** July 31, 2015, 11:49:42 AM »

following:)

noturbizniss · « **Reply #2 on:** July 31, 2015, 12:50:42 PM »

Quote from: ADG on July 31, 2015, 11:49:42 AM

following:)

this isn't facebook. If you want to get notifications press the notify button.

ADG · « **Reply #3 on:** July 31, 2015, 02:00:37 PM »

Quote from: noturbizniss on July 31, 2015, 12:50:42 PM

this isn't facebook. If you want to get notifications press the notify button.

That would send i notifaction to my email... dont need that. I just want it in my feed of replies to your post:)

ShlockDoc · « **Reply #4 on:** July 31, 2015, 02:10:46 PM »

Quote from: noturbizniss on July 31, 2015, 12:50:42 PM

this isn't facebook. If you want to get notifications press the notify button.

You can do that in Facebook too. "Following" comments are a pet peeve.

MarkS · « **Reply #5 on:** July 31, 2015, 03:57:14 PM »

Quote from: ShlockDoc on July 31, 2015, 02:10:46 PM

You can do that in Facebook too. "Following" comments are a pet peeve.

At the very least post something semi useful to readers (ask a question that will give you some of the answers that you're hoping to see by following it!)

skyguy918 · « **Reply #6 on:** July 31, 2015, 04:20:17 PM »

Quote from: ayman on July 31, 2015, 08:57:58 AM

This was the only post I found on the topic.
Anyone else have an acct w them?

They just started accepting new applicants, is there a hard pull for their product.

(seems you need to dd $500 monthly to get the 6%)

Plus you only get the 6% on $5k, any money over that earns .1%

Quote

Why we drop it to 0.10% over $5,000

We believe that the amazing 6.00% is our contribution to improving our customers’ finances, and building a better America. Once customers have savings in excess of $5k, they have the tools and have established the right habits.

So you set up the $500 monthly direct deposit, then, once your balance is $5k, you withdraw around $650 each month to keep your balance at the $5k limit.

David Smith · « **Reply #7 on:** July 31, 2015, 05:15:59 PM »

Quote from: skyguy918 on July 31, 2015, 04:20:17 PM

Plus you only get the 6% on $5k, any money over that earns .1%So you set up the $500 monthly direct deposit, then, once your balance is $5k, you withdraw around $525 each month to keep your balance at the $5k limit.

FTFY

Ephraimh · « **Reply #8 on:** July 31, 2015, 06:17:20 PM »

Hard pull?

MrPrime1 · « **Reply #9 on:** July 31, 2015, 06:49:41 PM »

So can you add $500 monthly and then withdraw $500 + interested earned to keep it at the 5k?

David Smith · « **Reply #10 on:** July 31, 2015, 07:03:56 PM »

Probably. I'm doing 3% in lake Michigan with no dd minimum

skyguy918 · « **Reply #11 on:** August 01, 2015, 09:43:06 PM »

Quote from: David Smith on July 31, 2015, 05:15:59 PM

FTFY

Yup. I accidentally keyed 1.06^(1/2) instead of (1/12).

ChaimMoskowitz · « **Reply #12 on:** August 01, 2015, 10:16:10 PM »

Quote from: David Smith on July 31, 2015, 07:03:56 PM

Probably. I'm doing 3% in lake Michigan with no dd minimum

Don't you also have to make 10 debit card purchases.

David Smith · « **Reply #13 on:** August 01, 2015, 10:53:26 PM »

Quote from: ChaimMoskowitz on August 01, 2015, 10:16:10 PM

Don't you also have to make 10 debit card purchases.

Yup. Not a big deal.

ChaimMoskowitz · « **Reply #14 on:** August 01, 2015, 11:24:30 PM »

Quote from: David Smith on August 01, 2015, 10:53:26 PM

Yup. Not a big deal.

Also login four times a month?

David Smith · « **Reply #15 on:** August 01, 2015, 11:25:10 PM »

Quote from: ChaimMoskowitz on August 01, 2015, 11:24:30 PM

Also login four times a month?

Should take thirty seconds.

ChaimMoskowitz · « **Reply #16 on:** August 01, 2015, 11:27:45 PM »

Quote from: David Smith on August 01, 2015, 11:25:10 PM

Should take thirty seconds.

Just more hoops.

David Smith · « **Reply #17 on:** August 01, 2015, 11:29:00 PM »

Quote from: ChaimMoskowitz on August 01, 2015, 11:27:45 PM

Just more hoops.

None of them a big deal, though. Amazon purchases count for debit, and serve dd counts.

ChaimMoskowitz · « **Reply #18 on:** August 01, 2015, 11:38:42 PM »

Lot easier to set an auto DD than what LMCU has you do.

sam i am · « **Reply #19 on:** August 02, 2015, 12:50:12 AM »

Quote from: David Smith on July 31, 2015, 07:03:56 PM

Probably. I'm doing 3% in lake Michigan with no dd minimum

But you still have to make one + the 10 dc charges+ 4 logins. And if you do them one after the other, you get the security questions. it's a pain for only 3%