The Money Mustache Community

General Discussion => Welcome and General Discussion => Topic started by: Curbside Prophet on May 31, 2016, 09:04:07 PM

Title: Heads Up Netspend/Brinks/Etc. Savings Accts
Post by: Curbside Prophet 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/ (http://www.doctorofcredit.com/netspend-neuters-5-apy-savings-account-effective-july-1/)

:(

Title: Re: Heads Up Netspend/Brinks/Etc. Savings Accts
Post by: Elle 8 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.

Title: Re: Heads Up Netspend/Brinks/Etc. Savings Accts
Post by: tj 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.