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The Money Mustache Community
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Heads Up Netspend/Brinks/Etc. Savings Accts
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Topic: Heads Up Netspend/Brinks/Etc. Savings Accts (Read 2726 times)
Curbside Prophet
Stubble
Posts: 182
Heads Up Netspend/Brinks/Etc. Savings Accts
«
on:
May 31, 2016, 09:04:07 PM »
Sorry I know there's a thread around here somewhere but can't find it with the search function. Anyway, the 5% on balances up to $5k per account is being reduced to $1k starting June 1st.
http://www.doctorofcredit.com/netspend-neuters-5-apy-savings-account-effective-july-1/
:(
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Elle 8
Stubble
Posts: 167
Re: Heads Up Netspend/Brinks/Etc. Savings Accts
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Reply #1 on:
June 01, 2016, 04:46:24 AM »
Thanks for the heads up. This is very disappointing. I have three of these accounts and this is the first I've heard of this. I hope Mango doesn't follow. I'll probably look into Insight to move some of the money into and figure out where to put the excess. I'm very risk adverse so these worked great for me to park some cash for a while.
Edit: I've posted this news on the original thread.
«
Last Edit: June 01, 2016, 05:07:26 AM by Elle 8
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tj
Handlebar Stache
Posts: 2109
Age: 38
Location: Orange County CA
Re: Heads Up Netspend/Brinks/Etc. Savings Accts
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Reply #2 on:
June 01, 2016, 01:17:01 PM »
Yup, they flied under the radar for a while, but then all the blogs started posting about it and collecting their referral bonuses.
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Heads Up Netspend/Brinks/Etc. Savings Accts