Savings Account Requirements

Requirements to Receive Interest.To receive interest on your Savings Feature, you must have (1) at least $200.00 in completed signature purchase transactions during the month, (2) an average daily savings balance of at least $25.00 during the month, and (3) a $25.00 minimum savings balance on the last day of the month. A completed signature purchase transaction is a Non-PIN purchase made at a point of sale where the merchant secures an authorization without using your PIN number. Your signature purchase calculation is calculated at 7:00 AM EST on the last day of the month.

Your Savings Feature Rates, Earnings and Minimum Requirements.

Min to Open Savings	Max Balance Allowed*	Average Daily Balance to Earn Interest	Minimum Balance at month’s end to earn interest
$25.00	$5,000.00	$25.00	$25.00

 *Interest earned that is credited to your Savings Feature may exceed the $5,000 maximum allowed balance

Rate Information

Interest Rate for Savings Featurewith Mango Prepaid Mastercard Accounts that have at least:

 (1) $200.00in completed signature transactions during the month,(2) an average daily savings balance of at least $25.00 during the month, and (3) a $25.00 minimum savings balance on the last day of the month. The method for determining interest on your savings balance is as follows:

Average Daily Balance	Monthly Signature Purchase Transactions**	Interest Rate	APY
$25.00 – $5,000.00	$1,500.00 or more	5.85% on first $2,500.00 of the balance 0.10% on balance above $2,500.00.	6.00% 0.10%
$25.00-$5,000.00	$750.00 to $1,499.99	1.99% on first $2,500.00 of the balance. 0.10% on balance above $2,500.00.	2.00% 0.10%
$25.00-$5,000.00	$200.00 to $749.99	0.10%	0.10%

* There is a required $25.00 minimum savings balance on the last day of the month.

**A completed signature purchase transaction is a Non-PIN purchase, made at a point of sale where the merchant secures an authorization without using your PIN number.

Your interest rate and annual percentage yield may change

No Interest Paid for Savings Feature with Average Daily Balances Over $5,000.  The maximum balance allowed for your Savings Feature is $5,000.  Interest earned and credited to your Savings Account may cause your Savings Feature to exceed the maximum balance allowed.  If during any calendar month, the average daily balance of your Savings Feature ever exceeds $5,000, we will not pay any interest on the amount exceeding $5,000 for that month.  In order to reduce the balance of your Savings Feature below the maximum balance allowed, you will need to make transfers from your Savings Feature to your Mango Prepaid Mastercard Account.

NOTE:  "Net Direct Deposits" are the total amount of ACH direct deposits to your card account for the month less the total amount of ACH debits made from your card account during the month. ACH debits include bill pay transactions and any other transactions debited from your account via ACH or transfers to yourself. Direct Deposit by definition means a deposit from a third party such as employer or government benefits payment. Transfer from a consumers checking account, bank account, Paypal account or other Mango account do not constitute a direct deposit and are considered personal transfers.