You can earn 6% APY interest on up to a $2,500 balance with Mango.
It is important to keep in mind that the APY on a savings account can fluctuate over time and that these types of accounts come with certain restrictions or requirements.
See the details below.
Offer Details
Once you activate and load your Mango Card, you can open a Savings Account with as little as $25 and get up to 6.00% APY.
You can enjoy up to 6 transfers out each month. Signature purchases of $1,500 or more and a minimum balance of $25.00 at the end of the month is needed to qualify for the 6.00%. You may only have one Savings Account.
The Rate Drops To 0.10% Over $2,500
Once customers have savings in excess of $2,500, the balance above $2,500 earns just 0.10%.
Here’s an important table on how your rate is determined:
| Average Daily Balance | Monthly Signature Purchase Transactions | Interest Rate | APY |
| $25.00 – $5,000.00 | $1,500.00 or more | 5.85% on first $2,500.00 of the balance 0.10% on balance above $2,500.00. | 6.00% 0.10% |
| $25.00-$5,000.00 | $750.00 to $1,499.99 | 1.99% on first $2,500.00 of the balance. 0.10% on balance above $2,500.00. | 2.00% 0.10% |
| $25.00-$5,000.00 | $200.00 to $749.99 | 0.10% | 0.10% |
Bottom Line
You’ll need to make $1,500 in monthly signature purchase transactions with your Mango card to get the 6.00% APY. And, that APY only applies to balances up to $2,500.
If you have a lot more funds you put away in a savings account, you’re better off going with other top high-yield savings options.
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