4.00% APY and Get Paid Early Disclosures
How APY works: Checking account customers earn 4.00% annual percentage yield (APY) on balances up to and including $3,000 in your Checking account per month when: 1) you are enrolled in a qualifying T‑Mobile or Metro by T‑Mobile plan; 2) you have registered for perks with your T‑Mobile ID; and 3) at least 10 qualifying transactions using your T‑Mobile MONEY card and/or instant payments to friends have posted to your Checking account before the last business day of the month. Qualifying transactions posting on or after the last business day of the month count toward the next month’s qualifying transactions. The first time you fund your account, as an additional added value, you will receive 4.00% APY on balances up to and including $3,000 in the statement cycle in which you make your first deposit of greater than $1, as well as in the cycle that follows that deposit provided all other requirements are met. These added value benefits are subject to change. Balances above $3,000 in the Checking account earn 2.50% APY. The APY for this tier will range from 4.00% to 3.40% depending on the balance in the account (calculation based on a $5,000 average daily balance). Customers who do not qualify for the 4.00% APY will earn 2.50% APY on all Checking account balances for any month(s) in which they do not meet the requirements listed above. Savings account customers earn 2.50% annual percentage yield (APY) on all Savings account balances per month. You must have a T‑Mobile MONEY Checking account that is in good standing and has been funded to open a Savings account. APYs are accurate as of 12/01/22 but may change at any time at our discretion. Fees may reduce earnings. For more information, see Account Disclosures / Terms and Conditions or go to our FAQs.
Get paid up to 2 days early with direct deposit: Subject to description and timing of the employer payroll-based direct deposit, we typically make funds available the business day received, which may be up to 2 days earlier than scheduled.
APY Details
How APY works: Checking account customers earn 4.00% annual percentage yield (APY) on balances up to and including $3,000 in your Checking account per month when: 1) you are enrolled in a qualifying T‑Mobile or Metro by T‑Mobile plan; 2) you have registered for perks with your T‑Mobile ID; and 3) at least 10 qualifying transactions have posted to your Checking account before the last business day of the month. Qualifying transactions posting on or after the last business day of the month count toward the next month’s qualifying transactions. The first time you fund your account, as an additional added value, you will receive 4.00% APY on balances up to and including $3,000 in the statement cycle in which you make your first deposit of greater than $1, as well as in the cycle that follows that deposit provided all other requirements are met. These added value benefits are subject to change. Balances above $3,000 in the Checking account earn 2.50% APY. The APY for this tier will range from 4.00% to 3.40% depending on the balance in the account (calculation based on a $5,000 average daily balance). Customers who do not qualify for the 4.00% APY will earn 2.50% APY on all Checking account balances for any month(s) in which they do not meet the requirements listed above. Savings account customers earn 2.50% annual percentage yield (APY) on all Savings and Shared Savings account balances per month. You must have a T‑Mobile MONEY Checking account that is in good standing and has been funded to open any type of Savings account. APYs are accurate as of 12/01/22 but may change at any time at our discretion. Fees may reduce earnings. For more information, see Account Disclosures / Terms and Conditions or go to our FAQs.
T-Mobile MONEY Specialists
T-Mobile MONEY Specialists do not provide financial, tax, or investment advice.
Got Your Back overdraft protection
How Got Your Back works: Available only for Checking accounts and T‑Mobile wireless customers with a line on a qualifying T‑Mobile or Metro by T‑Mobile plan who have registered for perks. Got Your Back will begin once at least 10 qualifying transactions have posted to your Checking account before the last business day of the month. You are only required to meet this transaction requirement once to receive Got Your Back benefits.
See "Got Your Back" Terms and Conditions for more details.
It's more than a name.
It's who you are.
We see you and we share your pride. True NameTM is a new feature provided by T‑Mobile MONEY that lets you feel empowered with a debit card that reflects who you truly are. Simply add the name you identify with, approve how it looks on your card, and be your true self with every transaction. Your identity will always be supported when you bank with T‑Mobile MONEY.
