This is the only post I was able to find on Mango, please let me know if there is a newer one I missed.
Mango is still offering 6% on up to $5000 in savings (and 2% up to the $10000 limit). While the $3/mo card fee and a $800/mo Direct Deposit requirement (net of ACH transfers) seem annoying, this 6% APY still seems attractive.
It looks like if I:
- Start with $5000
- Direct Deposit $400 bi-weekly
- Load $800-1300 onto my Serve once a month (or $2500 every 12 weeks)
I can earn around 5.4-5.5% after fees.
If you are familiar with Mango Money, do you see any issues with this plan?
Is there an easier way to earn > 5% on a $5000 - $10,000 emergency fund?