T-Mobile Money Review – Earn 4% APY On Balances Up To $3,000 [Available To Sprint Customers]


Update 2/19/21: They sent out an email with changes which will take effect on March 31, 2021: Eligible customers will no longer be required to deposit $200 per month to qualify for 4.00% APY. Instead, when you use your T‑Mobile MONEY card to make 10 qualifying purchases per month, you’ll earn 4.00% APY.

Update 8/27/20: Sprint customers now have access to this account

Update 4/18/19: This account has been available since November 28th, 2018 but it wasn’t being actively advertised by T-Mobile and T-Mobile was considering it an unofficial pilot program. That has changed today (T-Mobile is now pushing this account and sending out press releases). I assume that means the account is also here to stay.

Offer at a glance

The Offer

Direct link to offer

  • T-Mobile has launched T-Mobile money, this is a digital checking powered by BankMobile (division of Customers Bank). All users receive an APY of 1% on all balances. T-Mobile Wireless customers receive an APY of 4% on balances up to $3,000 when they deposit at least $200 per month (must also be registered for perks with your T-Mobile ID). Apparently this is only a pilot program (although anybody can join)

Avoiding Fees

This account has no monthly fees to worry about.

Our Verdict

We still need to learn a bit more about this product, such as whether it’s a hard or soft pull to open the account but it does look very promising for T-Mobile customers. 4% APY is one of the top high yield savings rates and the requirements are easy to meet as it seems like any $200 deposit qualifies you for this rate. The maximum balance of $3,000 is on the lower side, but should still be worth doing for most T-Mobile customers I think. If anybody signs up for this account then please share your experiences in the comments below. This is also a checking account so it’s more attractive than a traditional savings account as well.


Source link

Choose your Reaction!
Leave a Comment

Your email address will not be published.

Bitcoin (BTC) $ 26,837.19 1.20%
Ethereum (ETH) $ 1,873.19 1.42%
Tether (USDT) $ 1.00 0.00%
Litecoin (LTC) $ 93.34 2.42%
Binance USD (BUSD) $ 1.00 0.07%
Apple Inc.  AAPL 
$180.95  $0.86  0.48%  
AMC Entertainment Holdings, Inc  AMC 
$4.55  $0.0000  0.00%  
Tesla, Inc.  TSLA 
$213.97  $6.45  3.11%  
VBI Vaccines, Inc.  VBIV 
$2.85  $0.0000  0.00%  
GameStop Corporation  GME 
$24.64  $0.54  2.24%  
Walt Disney Company (The)  DIS 
$90.77  $2.18  2.46%  
DraftKings Inc.  DKNG 
$24.92  $0.49  2.01%  
Airbnb, Inc.  ABNB 
$118.06  $5.90  5.26%  
Uber Technologies, Inc.  UBER 
$39.73  $1.25  3.25%  
DoorDash, Inc.  DASH 
$67.88  $0.31  0.46%  
Zomedica Corp.  ZOM 
$0.1963  $0.0027  1.36%  
Nokia Corporation Sponsored  NOK 
$4.06  $0.01  0.25%  
United States Antimony Corporat  UAMY 
$0.3264  $0.0014  0.43%  
$0.2305  $0.0049  2.17%  
Danimer Scientific, Inc.  DNMR 
$3.13  $0.12  3.99%  
BurgerFi International Inc  BFI 
$1.33  $0.02  1.53%