Available nationwide, Mango is offering a rate of 6.00% APY when you open an Savings Account with an opening deposit of $25. To earn this generous rate, just maintain the opening deposit to meet the monthly $25 balance requirement and you can earn the 6.00% APY rate on balanced up to $2,500.
Mango offers Online & Mobile, eStatements, Online Bill Pay, and so much more, so be sure to take advantage and sign up today!
Table of Contents
Mango Account Info:
- Direct Link to Offer
- Account Type: Savings Account
- Interest Rate: 6.00% APY
- Availability: Nationwide (Online Bank)
- Minimum Balance: $25
- Maximum Balance: $2,500
- Expiration Date: None
- Credit Inquiry: Soft Pull
- Opening Deposit: $25
- Credit Card Funding: No credit card funding
- Direct Deposit Requirement: None
- Monthly Fee: None listed
- Early Termination Fee: None listed, check with CSR
- Insured: FDIC
ACH Capabilities & Limits:
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | ? | ? | ? | ? |
| Pull | ? | ? | ? | 6 withdrawals per statement period |
Editor’s Note: Help us with the table above in the comment section if you have experience with ACH capabilities.
How to Receive Mango Rate:
- Open a Savings Account from Mango with minimum opening deposit of $25.
- Activate a Mango Card and make signature purchases totaling $1,500+ each month
- Earn 6.00% APY for balances of $25 – $2,500
- Earn 0.10% APY for balances of $2,500+
Why You Should Sign Up For This Account:
- Receive high earnings without paying back in monthly fees
- Interest will be paid once per monthly statement period
- Funding accounts is made easy via bank transfers, mobile deposit, wire transfer or check
- Manage your accounts at your leisure from your computer, tablet or mobile device
- All deposits are FDIC insured to the maximum amount allowed by the law
Bottom Line:
For those of you looking for a savings account with a high APY rate, look no further as Mango’s Savings Account offers a 6.00% APY rate. All you need is a minimum of $25 and you’ll start accruing interest at a high rate as soon as they post to your account.
See our Bank Bonuses from HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or CIT Bank.
The Savings Account comes with no fees and is based online so you can keep track of your money at anytime. If you’re known to save and want high earnings with a experienced company, check out Mango’s Saving Account and sign up with them today. Feel free to share your experiences with this bank by commenting below. For more bank offers, see the complete list of Best Rewards Checking Accounts!
This is a terrible deal. You have to spend $1,500+ each month to get the 6% APR. If you have a credit card that earns 1.5%, for 1 year you’d earn $270 ($1,500 × 12 months x 1.5%) on the credit card spend. With Mango you’d earn $150 ($2,500 x 6%).
I hate this company. terrible customer service. honestly the 6 % isn’t even worth it. they don’t care about their customers at all. so damn cheap they have to outsource and then wont even train their customer reps properly. I m sure its not the first time someone has complained about their poor customer service, and I don’t see any changes being made. don’t stick around just for the money, these people are scum.
Agreed. ***STAY FAR AWAY*** After realizing service was the worst ever. I tried to transfer my money back to myself but they block outbound transfers. Called and requested cancellation and it took a good 2 months to get my money back after multiple calls with terrible customer service by people who cannot speak English. BEWARE.
They are no more giving $20 SignUp bonus, please update your site. Thanks!
Thanks for letting us know!
I just called their customer service to ask a few questions before opening an account. Phone system was bizarre — only options were to enter an account number or report a lost card. I entered random numbers five times in a row and was finally given the option to press 0 for a representative (before when I hit 0 it restarted from the beginning). Hitting 0 failed about 10 times (“incorrect card number”) before I was finally patched through. All I wanted to do was make sure I knew exactly what it took to receive the 6% interest. I was told, however, than in addition to having direct deposit to the card, I also had to use the card “1 or 2 times a month.” That is literally listed nowhere on the site. I combed the terms and agreements for it and it’s just not there. I told the representative, and she said that the requirement would be explained to me after I got the card. WTH? There’s something off about this operation — I wouldn’t recommend it. I don’t think they’d straight up take your money, but I definitely think they’d operate on the margins of proper business practices. I’m not surprised by the experience of other customers that they’ve had trouble withdrawing money.
I thought I’d include what customer service wrote back to me after I asked for more clarification. In their email, they confirmed that said, disturbingly, that “yes, you do need to use the card to its full potential such as making purchases as this is the intent of the Mango card.” What the heck does full potential mean, I asked? This was their response. “Making transactions with the card such as making purchases, loading the card, getting their payroll or federal benefits onto their card, paying bills, and not just collecting interest at the end the month. The intent of the Mango card is for the cardholders to actually use the card like a real bank account.” In other words, they reserve the right, it sounds, to give you the interest or not, depending on their perception of whether you are fulfilling the “intent” of the card, and regardless of what is actually written on the website.
I agree with Beware!! Money is locked in, I would have to call at midnight to 6am to get anyone to answer the phone….. and believe me, I stayed on hold during regular business hours for over an hour and got no one, multiple times. Took 3 months and 4 phone calls to get my money back. I kept getting a new date each time of when the account was or would be closed, when my money was going to be sent out. The reps were very nice, but terrible overall experience doing this.
BEWARE!!! When they changed the direct deposit requirement to $500 and switched from mastercard to visa, I decided to close the account. They would not allow me to pull the money from Mango using ACH pull from a real bank even though I was able to fund the pre-paid card via ACH. I had the 5k in the account and it took them 2 months to return my money. I was very worried. I would call them and every time they would say it would take 2-4 weeks. I would call back after 4 weeks and again they say it will take 2-4 weeks. After multiple calls and transfer to supervisor, they say “there is nothing we can do”. “You need to wait 2-4 more weeks.” I said I have already waited 2 months and the supervisor said to me, “you have my word you will receive your refund in 2-4 weeks. That latest conversation with the supervisor was on a Friday night, the check was in my mailbox on 3 days later on Monday with a forever stamp on the envelope. They have no idea what they are doing there and I will never trust any money with them ever again. I do have to admit that everything worked well until it came time to cancel. Customer service is India. If you feel it is acceptable to take 2 months to receive your money and you are comfortable with your personal information/SSN being in the hands of people in a 3rd world country, then this is the pre-paid card for you.
Datapoint: Soft pull inquiry via chexsystems
This is nice and all, but the big drawback that I’ve found is that they require s deposit the $500 into the account every single month in order to get the 6%, but then I find that it’s no way to transfer my money out easily if I choose to – unless of course I use the card to keep spending the money. This makes me feel like my money is locked in.
The direct deposit requirement has increased to $500 each month to get the 6.00% APY on the Mango Pre-paid.
Thanks John. It has been updated.
Anyone knows whether we have to keep doing the direct deposit every month to get the 6% APY or as long as we do the first two, we are good?
straight from their site: A direct deposit of $500.00 monthly and a minimum balance of $1.00 at the end of the month is needed to qualify for the 6.00%.
i am thinking of signing up
Take a look at the mulytiple very negative reviews elsewhere about reliability of information, changing rates without warning, useless customer support, many people waiting for their money back, warnings about being under a different system of protections thgan regular debity and credit cards..