5%/6% Interest Savings Accounts at 5K (or less): NetSpend, Mango, Union Plus, Control Card, Others?

abracadaver said:   
After clicking "Done", it redirects me back to my account. Seems like they're all still open at the moment - maybe it takes a couple of days for the Cancel request to process.

I have yet to receive any kind of confirmation email of the cancellations.
  I closed mine on 7/5, and my log-in no longer works. I also have not received any email confirmation.

sliqx said:   I had trouble getting money out of my account into my chase. I tried to transfer 4k from each account into my chase. Only 2 of them went through. Netspend, ACE elite, and WU didn't go through. When I checked from my chase account, it stated that there wasn't an sufficient funds. Is netspend trying to block it? Then, when I logged in to NS, there is a -1.00 fee for "declined ACH."
  You transferred the funds from savings to prepaid before ACH, right?

I transferrred $4k + interest out of each account with no problems. I did receive an e-mail on my Ace Elite about verifying my direct deposit. My $5 automatic bimonthly deposit just happened to be going through at the same time. I can still log in, and it seems to have processed ok. I'm not picking up the phone unless I absolutely have to.

You must have the money in the card balance to pull it out. Pulls are not allowed directly from the savings account.

I just got two more "stolen card" emails for accounts that I closed yesterday - one H-E-B and one Ace Elite. It seems likely that anybody who has account alerts enabled is going to receive those emails after closing an account.

I wonder if you choose the premier advantage plan instead of the pay as you go option.

I closed one of my NetSpend accounts that was still funded with $5k and had them send me a check to see how that would go. The process was surprisingly fast and easy - I closed the account through their website on July 1 and received the check yesterday (July 11). I did have to pay a $5.95 fee for the check so ACH is still the best option since it's free, but it looks like getting a check is a painless option if you're okay with the fee.

Good to hear J3anyus, I have 10 checks on the way all for $1029.86. I had dropped down the $1000 but then all of my cards were stolen along with the safe they were in and we just cancelled all of the accounts.

Which credit union, if I may ask?

J3anyus said:   
juniorbill said:   Which credit union, if I may ask?
The only one I know of that's offering 4.59% interest is CCU, but they have a bunch of requirements to get that rate (receiving a direct deposit, making 12 non-PIN debit card transactions per month, and spending $1,000 per month on your debit card).
  Note the "direct deposit" requirement can be a simple ACH from another bank.  You can also do an ACH debit, e.g. pay a credit card bill or a bill pay.  I personally ACH in $XX a month, which I in turn use to meet the 12 debit card transactions. 

juniorbill said:   Thanks. I just read some people grousing that WalMart, McDonald's and other stores always run the card as a debit rather than a non-PIN credit card, making the CCU requirementsmore difficult. LMCU's requirements look easier but they offer only 3% APY.
  Yea that does make it difficult.  I found that pre-chip, I could use the card at WM self-checkout and it would run as credit.  Now, not as much.  There is also Amazon that can be used.  I use LMCU too and yes their requirements are easier, including that debit transactions count.

carefreeninja said:   Anyone having trouble connecting HEB with Mint? Since they changed the URL for HEB, Mint is not able to pull the data. Any workaround for that?
I think you have to send them a message from within your Mint account and give them the new website info.  That's what I just did - I'll let you know if I get anywhere.

Just for reference, the new site is https://www.hebprepaid.com/account/authenticate.m  

Does anybody know if any other bank ACH works as DD in LMCU or it has to be an actual DD?

masukadh said:   Does anybody know if any other bank ACH works as DD in LMCU or it has to be an actual DD?
  No problems using Alliant ACH.

So I've updated the wiki to indicate the new $1000 max on 5%.

Another thread someone had mentioned and Insight card:
https://www.insightcards.com/card-features/

There is a review of it on DoC here:
http://www.doctorofcredit.com/insight-5-apy-prepaid-card-5000/

Looks like it has only been around for a few months, but appears very similar to the NS cards.

Anyone have experience yet?

s3riously said:   
BenH said:   So I've updated the wiki to indicate the new $1000 max on 5%.

Another thread someone had mentioned and Insight card:
https://www.insightcards.com/card-features/ 

There is a review of it on DoC here:
http://www.doctorofcredit.com/insight-5-apy-prepaid-card-5000/ 

Looks like it has only been around for a few months, but appears very similar to the NS cards.

Anyone have experience yet?
  I've had one for a few months.  Got my first quarterly interest post recently, no problems there.  Ally works for ACH push funding and ACH pull.  Other banks won't link the account as Insight blocks the trial micro deposit withdrawal.  I also push $1 every other month to avoid any dormancy fees.
  Alliant also works with Insight.  I think I had to link it twice though to work.  I did it before but then when I went to do a transfer a couple of weeks later, it had disappeared.  It stayed put though the second time around. 

cdancer20 said:   
s3riously said:   
BenH said:   So I've updated the wiki to indicate the new $1000 max on 5%.

Another thread someone had mentioned and Insight card:
https://www.insightcards.com/card-features/ 

There is a review of it on DoC here:
http://www.doctorofcredit.com/insight-5-apy-prepaid-card-5000/ 

Looks like it has only been around for a few months, but appears very similar to the NS cards.

Anyone have experience yet?
  I've had one for a few months.  Got my first quarterly interest post recently, no problems there.  Ally works for ACH push funding and ACH pull.  Other banks won't link the account as Insight blocks the trial micro deposit withdrawal.  I also push $1 every other month to avoid any dormancy fees.
  Alliant also works with Insight.  I think I had to link it twice though to work.  I did it before but then when I went to do a transfer a couple of weeks later, it had disappeared.  It stayed put though the second time around. 
  I wasn't able to link Alliant with Insight. Think I tried twice as well. This was a few months back, so maybe it works now. I was able to use Discover for both ACH push and pull.

Boomgoesthedynamite said:   "How many insight card can you have?"

Official answer is 1 per SSN, and you can order more, but they will lock them down later ... while, seemingly you can open 2 or more cards...they'll send you the cards, you activate, transfer $$ and then all seems normal until one day! I wouldn't bother but that's been my experience! Getting $$ out is a pain too w/ low limit per day ... 
I noticed that you are active on the Mango thread and discuss your experiences with having multiple Mango cards.  Thus, I'm wondering if this reply is actually for the Mango card.  I can't find any discussion of having multiple Insight cards here or elsewhere so I was wondering if you have any personal experience with multiple Insight cards.

The T&C for the Mango card neither prohibits nor allows multiple cards.  People have successfully opened and used multiple Mango cards and savings accounts.  Mango seems to have an unofficial policy of one card per person, though.  Mango has discovered the existence of multiple accounts for some that have them and has taken adverse action such as locking accounts or not paying interest.

The T&C for the Insight card neither prohibits nor allows multiple cards.  Nobody has posted about trying to obtain multiple Insight cards.

Looks like Mango significantly changed their savings account T&C:

Changes 

Basically they now require $800 of net ACH deposits (in - out), no longer just the $500 DD/ACH with $497 pull

New T&C 
Original T&C 
The following changes are being made to your account terms and will take effect on 09/01/2016. If you have any questions about these changes, call Mango Customer Service at (855) 687-2036 Mon to Fri from 9am to 6PM EST.

1. Each natural person will be limited to one Mango Savings Account. If you currently have more than one Mango Savings Account we will close all of your Mango Savings Accounts except for the one which had the highest average daily balance during the month of June, 2016. The balances remaining in any of your closed Mango Savings Accounts will be transferred to your linked Mango Card Account at the time of closure.
2. The method for qualifying for a higher rate of interest (6.00% APY vs. 2.00% APY on the first $5,000 in savings) on the funds held in your Mango Savings Account has changed. In order to qualify for the higher 6.00% APY for a calendar month, you will have to have “net direct deposits” $800 or more to your Mango Card Account during the calendar month. Each month we will calculate net direct deposits by calculating the total amount of ACH direct deposits to your Mango Card Account for the month and then subtracting the total amount of ACH debits made from your Card Account during the month. ACH debits include bill pay transactions and any other transactions debited from your account via ACH.

monto888 said:   Looks like Mango significantly changed their savings account T&C:

Changes 

Basically they now require $800 of net ACH deposits (in - out), no longer just the $500 DD/ACH with $497 pull

New T&C 
Original T&C 
The following changes are being made to your account terms and will take effect on 09/01/2016. If you have any questions about these changes, call Mango Customer Service at (855) 687-2036 Mon to Fri from 9am to 6PM EST.

1. Each natural person will be limited to one Mango Savings Account. If you currently have more than one Mango Savings Account we will close all of your Mango Savings Accounts except for the one which had the highest average daily balance during the month of June, 2016. The balances remaining in any of your closed Mango Savings Accounts will be transferred to your linked Mango Card Account at the time of closure.
2. The method for qualifying for a higher rate of interest (6.00% APY vs. 2.00% APY on the first $5,000 in savings) on the funds held in your Mango Savings Account has changed. In order to qualify for the higher 6.00% APY for a calendar month, you will have to have “net direct deposits” $800 or more to your Mango Card Account during the calendar month. Each month we will calculate net direct deposits by calculating the total amount of ACH direct deposits to your Mango Card Account for the month and then subtracting the total amount of ACH debits made from your Card Account during the month. ACH debits include bill pay transactions and any other transactions debited from your account via ACH.

Thanks for the heads up - this pretty much makes Mango worthless IMO since you have to DD money into it but can't pull that money back out without losing the higher interest rate. I suppose you could DD $800/month without any withdrawals for several months then pull it all out in a single month and not get the interest during that month, but that's a bit of a hassle and leaves a bunch of extra money tied up with Mango.

Looks like Insight is the only one that's left! We'll see how long they last.

I received a rate of 5.91% for the month of July. I ach $250 twice in and twice out from and to my Alliant account.

I need to summons the crystal ball to see how long insight will be around - how long did netspend/brinks last - a year or so?  Unless a typo the 5% has been around since Jan /2015?  Can they handle all the netspend/Brinks/Mango customers w/o killing the promotion...

Any very insightful FF peoples out there with comments?

**The Insight Savings Account (“Savings Account”) is made available to Cardholders through Republic Bank of Chicago or Axiom Bank®, Members FDIC. As of January 1, 2015, the Annual Percentage Yield (“APY”) is 5.00%.

Anybody thought of going the Money order route ? to get 800 out 

dougnet said:   
J3anyus said:   
monto888 said:   Looks like Mango significantly changed their savings account T&C:

Changes 

Basically they now require $800 of net ACH deposits (in - out), no longer just the $500 DD/ACH with $497 pull

New T&C 
Original T&C 
The following changes are being made to your account terms and will take effect on 09/01/2016. If you have any questions about these changes, call Mango Customer Service at (855) 687-2036 Mon to Fri from 9am to 6PM EST.

1. Each natural person will be limited to one Mango Savings Account. If you currently have more than one Mango Savings Account we will close all of your Mango Savings Accounts except for the one which had the highest average daily balance during the month of June, 2016. The balances remaining in any of your closed Mango Savings Accounts will be transferred to your linked Mango Card Account at the time of closure.
2. The method for qualifying for a higher rate of interest (6.00% APY vs. 2.00% APY on the first $5,000 in savings) on the funds held in your Mango Savings Account has changed. In order to qualify for the higher 6.00% APY for a calendar month, you will have to have “net direct deposits” $800 or more to your Mango Card Account during the calendar month. Each month we will calculate net direct deposits by calculating the total amount of ACH direct deposits to your Mango Card Account for the month and then subtracting the total amount of ACH debits made from your Card Account during the month. ACH debits include bill pay transactions and any other transactions debited from your account via ACH.

Thanks for the heads up - this pretty much makes Mango worthless IMO since you have to DD money into it but can't pull that money back out without losing the higher interest rate. I suppose you could DD $800/month without any withdrawals for several months then pull it all out in a single month and not get the interest during that month, but that's a bit of a hassle and leaves a bunch of extra money tied up with Mango.

Looks like Insight is the only one that's left! We'll see how long they last.
  OP does insight need direct deposit as one of its req and if so how much ? TIA  
  I got an insight card a little over a month ago. I did not need direct deposit in order to have access to the 5% savings account.

delete (wrong thread; meant to post in Mango thread; I guess there's no way to delete a reply?)

dougnet said:   
meade18 said:     I got an insight card a little over a month ago. I did not need direct deposit in order to have access to the 5% savings account.
 
  is interest paid out monthly or quarterly ?
  Insight is quarterly

FrozenBiker said:   
dougnet said:   
meade18 said:     I got an insight card a little over a month ago. I did not need direct deposit in order to have access to the 5% savings account.
  is interest paid out monthly or quarterly ?
  Insight is quarterly
  Thanks  

So if I have like $2500 that I want to put in a high interest savings account, Should I go with Insight or Mango or is there a better one you guys know about?

Netspend accounts may have increased to $2k -- possibly also to 6%.

http://www.doctorofcredit.com/recap-ebay-concierge-netspend-2k-limit/

stanolshefski said:   Netspend accounts may have increased to $2k -- possibly also to 6%.

http://www.doctorofcredit.com/recap-ebay-concierge-netspend-2k-l...
  Fake news! It is not true.

Well darn. Nope I didn't see anything either. I should have read the comments.

halluc1nati0n said:   Is insightvisa.com and then "Savings" the right place for the 5% Insight savings account? I just enrolled in/created a "Savings" account there charging $10 to it from the Insightcard account. I do not see any talk about the interest % anywhere on that page, but wanted to confirm that this indeed was the correct place. I plan to max it with $5k.
  
Yes

halluc1nati0n said:   If you guys don't mind, can I know when the last 5% quarterly bonus/interest posted for Insight and what quarter that was for?

Cycle dates are 03/31, 06/30, 09/30, 12/31

foxhopper said:   Anyone else that may still have these accounts hit with maintenance fees even though you had transactions that should have met the requirements? I got hit on all 4 accounts for the minimal amount that I had left in my prepaid side (all were about $1.50).

Also has interest posted for anyone yet?
  
No fees. No interest yet.

No fees. No interest yet. ACH'd $5 in/out in March; i do this about every 70 days.

NetSpend interest has been paid.

trudi said:   The Mango thread has been archived so I'll ask here - has anyone gotten their interest for March yet?
  No, it's apparently another system wide issue based on feedback from DoC.

does Mango Saving account issue 1099-INT? I never receive one...wonder if they report to IRS or not...

wyle1 said:   
eljamesyu said:   does Mango Saving account issue 1099-INT? I never receive one...wonder if they report to IRS or not...
  Yes, they report it.  Mango emails you a link to download it online.  Check inbox/spam/trash for message from [email protected] or you can contact Mango at 855-687-2036 or [email protected].   This info is on the Mango login screen.
  
Thank you so much.  I missed that email and was not able to find anything after logged in to the Mango account...

schop said:   received a letter saying the Insight accounts with Axiom Bank are being shut down in July, but accounts with Republic Banks are still being offered
  Me too.  I wonder what is the best way to make the transition.

Guys, how are you transferring funds to the new insight card? I can't ACH link up with Ally.

I just received my new Insight card and started the process with Schwab to link accounts. My old card was (and still is) linked fine with Ally. Didn't try to link the new one with Ally based on your post. Why do you claim Ally isn't working anymore?

looks like Mango no longer works at USPS...these accounts are a pain 

MrNovember said:   Ally gets its panties in a bunch when the pullbacks fail. The online chat reps are useless.

The post above about activating before pullback might be the answer.
  
What do you mean by "activating before pullback" is the answer?  At what point does Ally get its panties in a bunch?  I was able to use Ally to send money to my Insight card will no issue.

2nd quarter interest has posted to the Insight Card. Don't forget if you have an Axiom Bank Insight Card to pull all your money out before 7/31!

schop said:   received a letter saying the Insight accounts with Axiom Bank are being shut down in July, but accounts with Republic Banks are still being offered
  How do you know which bank you are with?  I don't recall seeing a letter but sometimes I don't read all of my mail.

Thanks. I'll go check.

Paypal doesn't work with RBOC cards. I have used Discover, igobanking/bank purely, All America/Redneck bank to successfully link push and pull transfers.  

When linking the Insight Card aka Republic Bank of Chicago for ACH transfers from an external bank, the Insight Card will always keep the ACH trial deposits. Ally considers this an "insufficient funds return" and will downgrade your Ally accounts from 1 day to 3 day ACH transfers for a minimum of 3 months. So try to use a bank other than Ally as your external bank.

I also got a welcome call from Insight for one of my accounts. I have two Insight cards and that seems to be the limit for most people. I'll probably try for a third one soon to see what happens.

You have to verify the trial deposits ASAP before Ally suspends the account. If you are quick, they won't suspend the account but they will still take adverse action. This apparently is limited to a three month loss of one day ACH transfers. No NSF fees are assessed.

Also, I tried applying for a third Insight Card and was rejected by them after entering all of my information.