The best savings Online with Mango money

Holders of prepaid debit cards have the unique ability to Mangoes to yield high interest savings account opening separately from their prepaid card account. This account is a savings for those enrolled in recurring direct deposit on their debit card. Think of your debit card and savings account in Mango as a new generation of checking and savings. Before you reach or other revenue is direct deposited with Mango, the specified amount is loaded into your debit card and determined the amount being deposited into savings.

"So ..." ask "Other than the online aspect of banking, what is so different about Mango?" The differences are significant, as shown below. The two most important differences are 1) convenience online banking using your debit card instead of paper checks and 2 high savings account, usually above 5%, making it one of the best savings rates in the industry.

First you will need to apply for a debit card. The application is relatively straightforward because it is not a credit card Debit and you can only spend the amount that has been loaded to the card.

Next, you must configure the automatic direct transfer to the MangoMoney to recurrence of at least once a month. There are five Dollar monthly service fee, although CSR State fee is not deducted fee, if you deposit at least $ 500 a month before. There is no charge for the direct deposit or bank transfer. Refer to contract the service to learn about other fees for deposit or withdrawal of the alternative method of cash.

When you set up a personal account debit your next step will be to open a savings account. Savings account can be opened only if recorded in recurring direct transfer. Should also take account of prepaid card a good situation, other words not of drafts and balance left after you transfer money to your account savings. It is indeed possible to set up account savings of only $ 1.

You may be asked to provide personal information more than required when you open an account debit. Make sure that your personal information is accurate and up-to-date. If the Mango request any further information must be provided before the opening of the account.

ACCOUNT or the annual percentage yields for savings Mango is always 5,1% for the balance to $ 5000 high percentage this is a promotional rate, which means you will not get that amount to nothing more than 5000 USD. If you do not qualify for the promotional rate, the interest rate is still% 3, which is well above the national average for savings accounts. You must keep in mind that you will not earn interest on any balance over $ 5000.

How could that Mango consistently offers rates better than most banks on savings accounts? Mango has taken risks and ways of high customer satisfaction of complete. Wish card holders to use their Mango Master Card more often than other cards and which relate to their activities. Also take the risk of not the majority of the banks that make loans.

Money can be added to your account savings transfer online, or by using YAP to your mobile phone. MangoMoney helps you register in YAP and download YAP and register an account to Your banking is literally at your fingertips. YAP will guide you through the process. All the transfer procedures, deposits and are available online. You can simply log on to mangomoney.com and follow the procedures provided for in the menu, intuitive website.

If you can qualify for loans, prepaid debit cards is an excellent way to can Mangoes gain convenient purchasing. If you can qualify for a savings account with a high percentage of 5,1%, is also a good way to start work on the road to financial stability. For those who have more than $ 5 000 dollars to consider money market account. Will have the same ease of access to money and earn more interest. As with any plan savings, be sure to read and compare savings other savings plans for Mango. If you are a student or simply run, may only be needed.