With a Control Prepaid MasterCard, you can get their 5.00% APY Savings account with direct deposit for up to $5,000 available nationwide. After you set up direct deposit at least $500 into your account during one calendar month, you’ll qualify for an automatic upgrade of $5 per month Discounted Fee Plan with $10 Purchase Cushion, a 5.00% APY Savings Account, and Life Benefits. There is even a $20 referral bonus for both parties when a new member loads at least $40 into their new Control card.
How To Maximize Control Prepaid 5.00% APY Savings:
- Apply for the Control Prepaid MasterCard in order to open the 5.00% APY savings account
- Set up direct deposit requirement to earn the 5.00% APY for balance up to $5,000 + reduce your monthly fee of $7.95 to $5 per month. Your direct deposit must be at least $500 into your account during 1 calendar month to qualify for automatic upgrade for the discounted fee $5 plan.
- Refer your friends and family to earn $20 credit for both parties when a new member loads at least $40 to their new Control card.
- Math: $5,000 x 5.00% APY – $5 monthly fee = $190 Profit per year
Control Prepaid Card 5% APY Savings Account Information:
- Sign up Offer
- Account Type: Control Prepaid MasterCard, Savings Account
- Availability: Nationwide
- Expiration Date: None
- Hard Inquiry: Soft Pull only.
- Opening Deposit Credit Card Funding: No
- Direct Deposit Requirement: Yes($500 or more)
- Monthly Fee: $7.95 monthly fee(set up direct deposit of $500 to become $5 monthly fee).
- Additional Requirements: Must open the prepaid MasterCard first in order to get the 5.00% APY savings account.
- Closing Account Fee: None
You can also earn cash back rewards for using the Control card to pay for specially selected offers from your favorite stores, restaurants, and service providers. There is no limit for the $20 referral bonuses, so feel free to comment in this section to exchange info for getting the referral bonus. The 5% Savings account on balances of up to $5,000 is FDIC-insured. Don’t forget to check out Mango Prepaid MC 6% Savings account + Union Plus 5.1% Savings account for maximum saving! See our full list for the nation’s best bank savings rates!
Very interested in this deal, but let’s say I have $1000 in my Control’s savings account and I want to transfer $500 to my other bank account, can I do that? Is there any fee for doing that? I don’t feel like locking in all my money in their savings account.