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Topic: 6% interest rate (Read 520 times)

LiteCoinGuy
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
6% interest rate
July 11, 2015, 10:55:36 AM
#18
Quote from: WEB slicer on July 11, 2015, 04:14:29 AM
not agry at all. why should i care what others think or do? i'm just trying to tell you guys about something. MTgox wasn't a bank. they aren't held to the same standards. this is a legitimate bank. if you don't know how the FDIC insurance works i suggest you look in to it cause that should be enough to easy the minds of any skeptics.

anyways, i'm not trying to convince anybody. if you're not interested god bless.

no interest rate for him  Tongue

WEB slicer
legendary
Activity: 1120
Merit: 1001
1NF4xXDDpMVmeazJxJDLrFxuJrCAT7CB1b
Re: 6% interest rate
July 11, 2015, 04:14:29 AM
#17
not agry at all. why should i care what others think or do? i'm just trying to tell you guys about something. MTgox wasn't a bank. they aren't held to the same standards. this is a legitimate bank. if you don't know how the FDIC insurance works i suggest you look in to it cause that should be enough to easy the minds of any skeptics.

anyways, i'm not trying to convince anybody. if you're not interested god bless.
LiteCoinGuy
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
Re: 6% interest rate
July 11, 2015, 04:09:32 AM
#16
Quote from: WEB slicer on July 10, 2015, 11:29:42 PM
geez you guys are the biggest bunch of fearful skeptics anywhere. this forum has warped your mind. safe yourself now and go out in to the real world.

it is better to be careful than to lose money isnt it  Smiley ? people lost money so much money (mtgox,gaw etc) because of so many scams here, especially in the cypto-world (and it is just starting  Shocked )

dont be angry  Smiley
WEB slicer
legendary
Activity: 1120
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Re: 6% interest rate
July 10, 2015, 11:29:42 PM
#15
geez you guys are the biggest bunch of fearful skeptics anywhere. this forum has warped your mind. safe yourself now and go out in to the real world.
White sugar
legendary
Activity: 1232
Merit: 1005
Re: 6% interest rate
July 10, 2015, 09:31:29 PM
#14
looks like a ponzi to me, one made by professionals. Would not be the first one around that looks as solid as.

I would be cautious
WEB slicer
legendary
Activity: 1120
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Re: 6% interest rate
July 10, 2015, 10:57:16 AM
#13
they have been offering this rate for several years. i also called them and asked for their FDIC registration number and verified they were FDIC insured.
qwk
donator
Activity: 3542
Merit: 3413
Shitcoin Minimalist
Re: 6% interest rate
July 10, 2015, 10:55:28 AM
#12
Quote from: LiteCoinGuy on July 10, 2015, 10:51:14 AM
just ask yourself:

why can they pay 6% but Wells Fargo can only pay 1-2%  Wink ?
In fact, they're offering $300 per customer per year as a promotional bonus. That's not unheard of.
But it really make you wonder how desperate their sales department has to be. Roll Eyes
And obviously, that's not sustainable, so they'll have to cut down on it sooner or later.
WEB slicer
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Merit: 1001
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Re: 6% interest rate
July 10, 2015, 10:54:07 AM
#11
i believe the answer to this is they have fewer physical locations and their system in mainly internet banking so they have less operation costs.

they are not the only ones doing this. i was with a few other banks that offered a similar rate. amtrust direct was doing 6.36% for a few years. they didn't have a cap or minimum either. i gave them all my money.

netspend is doing 5%

https://www.netspend.com/how_it_works/managing_your_money.shtml
LiteCoinGuy
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
Re: 6% interest rate
July 10, 2015, 10:51:14 AM
#10
just ask yourself:

why can they pay 6% but Wells Fargo can only pay 1-2%  Wink ?
WEB slicer
legendary
Activity: 1120
Merit: 1001
1NF4xXDDpMVmeazJxJDLrFxuJrCAT7CB1b
Re: 6% interest rate
July 10, 2015, 10:41:45 AM
#9
i'm just a little under $25, close enough to call it $25. i still have like $600 i need to deposit before i hit the 5K cap. after i have a little more in the account i will be over $25.

the "monthly" subscription fee is not what it sounds like. the account comes with a debit card. if you load $500 in a month you don't pay the fee. also, if you don't use the card, you don't get charged the fee.

to withdraw i go to chase bank and do a cash advance. no fee.

ACH transfer from your current bank or paypal counts as direct deposit.
qwk
donator
Activity: 3542
Merit: 3413
Shitcoin Minimalist
Re: 6% interest rate
July 10, 2015, 10:35:20 AM
#8
Quote from: WEB slicer on July 10, 2015, 06:44:49 AM
currently making $25 a month. it's easy money so i figured i would share.
Isn't it rather $22? Wink
Quote from: https://www.mangomoney.com/simple-fees
Monthly Subscription Fee $3
And then there's another fee when you withdraw?
Quote from: https://www.mangomoney.com/simple-fees
ATM Withdrawal   ATM may also charge an additional fee   $2

It's not even 6% to start with:
Quote from: https://www.mangomoney.com/what-is-mango
† The Annual Percentage Yield (APY) and the APY comparison as advertised are effective as of July 15, 2014. Rates are subject to change at any time and may change after accounts are opened. The APY advertised applies only to the portion of your savings account balance, which is $5,000.00 or less; or 2.00% if you are not on Direct Deposit Service. An APY of 0.10% will be paid on the portion of your savings account balance that exceeds $5,000.00. Fees could reduce the earnings on your savings account. Please see the Savings Account Customer Agreement for full disclosures.
First, you also have to be on "Direct Deposit Service":
Quote from: https://www.mangomoney.com/what-is-mango
*You qualify as enrolling in the Direct Deposit Service when you complete two government benefits or paycheck Direct Deposits totaling $50.00 within 90 days of opening your account.  Your account will be credited within 30 days of full enrollment.
WEB slicer
legendary
Activity: 1120
Merit: 1001
1NF4xXDDpMVmeazJxJDLrFxuJrCAT7CB1b
Re: 6% interest rate
July 10, 2015, 10:35:13 AM
#7
to be honest, neither do i. i don't like paying my cell phone bill either but i need a phone.
freemind1
legendary
Activity: 1526
Merit: 1014
Re: 6% interest rate
July 10, 2015, 10:34:19 AM
#6
I do not like the banks.
lottery248
legendary
Activity: 1582
Merit: 1006
beware of your keys.
Re: 6% interest rate
July 10, 2015, 10:34:04 AM
#5
better say it before i do that.  Undecided

that's better than bank mat. why don't that accepts bitcoin?  Tongue
WEB slicer
legendary
Activity: 1120
Merit: 1001
1NF4xXDDpMVmeazJxJDLrFxuJrCAT7CB1b
Re: 6% interest rate
July 10, 2015, 10:31:00 AM
#4
guys, it's a bank. they are registered with the FDIC.

 Roll Eyes
lottery248
legendary
Activity: 1582
Merit: 1006
beware of your keys.
Re: 6% interest rate
July 10, 2015, 10:26:59 AM
#3
likely a scam.

now look for exit strategy to prevent from getting scammed if certainly needed.
LiteCoinGuy
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
Re: 6% interest rate
July 10, 2015, 10:25:28 AM
#2
6% interest rate = high risk - high reward
WEB slicer
legendary
Activity: 1120
Merit: 1001
1NF4xXDDpMVmeazJxJDLrFxuJrCAT7CB1b
Re: 6% interest rate
July 10, 2015, 06:44:49 AM
#1
currently making $25 a month. it's easy money so i figured i would share.

https://www.mangomoney.com/what-is-mango
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