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  • Savings
  • CD Rates
  • Mortgages
  • Bank Games
    • Bank Game: Financial Football
    • Bank Game: Road Trip to Savings will Make or Break You
    • Jet-Ski Your Debt Away
  • Articles
    • We Are Rich
    • Time or Money
    • 7 Correct Money Principles
    • A Penny Saved Is A penny Earned
    • Slash Spending – Boost Your Money Market Account
    • Save Money on Household Utilities by Going Green
    • Saving Money and Sanity with Realistic Savings Goals
    • Money Resolutions: 3 Steps to Keep Them
    • How to Earn 13 Times the National Average Savings Rate FDIC Insured
    • 3 Easy Rules for Saving Without Budgeting
    • Budget According To Priorities Not Impulses
    • How Market Linked Certificates of Deposits Work
    • 15 Money Saving Tips That Will Beef Up Your Savings Account
    • Simple Steps to Getting a Savings Account
    • Savings Tips for Thriving in the Recession
    • 10 Simple Ways to Save Money Now
    • Real Money Saving Tips- From Real People
    • Just What Is a Savings Account?
    • What is a Rainy Day Savings Account?
    • Money Market Account vs. Savings Account Comparison
    • How to Find and Reduce Hidden Expenses
    • Is Your Bank Doomed to Fail? 5 Ways You Can Protect Your Savings Account
    • Traditional IRAs

Mango Money $20 Signup Bonus (Update)

by

Mango Money just started a promotion today. You can get $20 for imagesigning up for an account. So far the details are slim – their website doesn’t even mention the bonus yet.

Today I contacted MangoMoney and here are the details about how to qualify for the $20 bonus:

First, you have to receive two direct deposits of $50 each or more, from the same source (such as an employer or the government). Those deposits have to be made into the account within the first 90 days of opening it.

If those conditions are met, the $20 will be credited into the account within 30 days from the time that the second direct deposit is made into the account.

We’ve already reviewed MangoMoney.com in several posts:

Mango Online Savings Account

Earn 5.10% APY with Mango + In depth Feesimage

As a quick review here are the main features of Mango Money’s Prepaid Debit Card and Savings Account:

  • Free Direct Deposit + Get $20 Signup Bonus
  • Pay your Bills at a cost of $1 per bill from your online account image
  • Check Your Balance for Free via Text Message – Send and Receive Money Securely With any Mobile Phone using YAP.
  • Get 5.10% APY when you open a Savings Account and maintain a $500 direct deposit to your prepaid card account.
  • Free Mango iPhone App from the iTunes Store) 
  • $0 Activation Fee and No Credit Check
  • $5 Monthly Fee – Unless You Load at Least $500 Per Month
  • No Bank Account Required

     

Visit MangoMoney.com.

Filed Under: Bank Deals, Online Savings Accounts, prepaid debit cards, Savings Accounts  Tagged: bank bonus, bank deal, online savings account, prepaid debit card

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APY

APY or the annual percentage yield is the real rate of return of an investment over a period of a year taking into account the effect of compounding interest.

Compound Interest

Compound interest occurs when the interest earned on an account is credited back to the account and then interest is earned on the new total balance.

Depositor Insurance

All banks and credit unions listed or reviewed on this site are either FDIC insured or for credit unions NCUA insured. Currently FDIC and NCUA insurance provide insurance up to $250,000 per depositor per institution.

National Average Savings Rate Calculation

The national average calculations were obtained from the Weekly National Rates published by the FDIC.gov website.

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