Earn up to 6.00%*** Annual Percentage Yield with Mango Savings™
No need to wait to start saving. Once you activate and load your Mango Card, you can open a Savings Account with as little as $1 and get up to 6.00% Annual Percentage Yield. You can enjoy up to 6 transfers out each month. A net direct deposit of $800.00 or more monthly and a minimum balance of $1.00 at the end of the month is needed to qualify for the 6.00%. You may only have one Savings Account.
Every Mango Cardholder is invited to Save
All active Mango Cardholders are able to open a Mango Savings Account. We encourage you to enroll in Direct Deposit and make regular transfers to your Savings Account.
How can we afford it?
Basically, we’ve shifted a big chunk of our marketing budget to paying our good customers instead of advertising channels – no TV or print ads. We think word of mouth is much better.
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.
> We may change the interest rate on your Savings Account at any time.
> We offer a fall-back Annual Percentage Yield of 2.00% for those accounts not meeting the minimum $800 net direct deposit threshold.
See Savings Account Terms and Conditions for additional details.