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[Best savings and money market rates] 5% APY, $4.95 monthly fee – PayPal : savings account with PayPal prepaid debit card; Exp. – unknown

By , February 19, 2012

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The optional savings account is made available to cardholders through The Bancorp Bank, Member FDIC. TO OPEN A SAVINGS ACCOUNT, YOU MUST ESTABLISH A PAYPAL ACCOUNT, OR LINK THIS PREPAID CARD TO YOUR EXISTING ACCOUNT. If you are subject to Internal Revenue Service backup withholding at the time of your request to open a savings account, the request will be declined. Interest is calculated on the Average Daily Balance of the savings account and is paid quarterly.The Annual Percentage Yield is accurate as of January 1, 2012: this is a promotional rate and may change without notice pursuant to applicable law. No minimum balance necessary to open the account or obtain the yield. Because savings account funds are withdrawn (maximum 6 such transfers per calendar month) through the card account, card transaction fees could reduce the interest earned on the savings account.

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