Massive money.

While the other guys are short changing you, we’re giving qualifying T-Mobile wireless customers a chance to rack up an industry-busting 4.00% APY* on balances up to $3,000 and 1.00% APY above that. Even if you don't qualify, we’re still going to give you 1.00% APY* on your Checking account balances. A qualifying customer with an average daily balance of $3,000 would earn about $120/yr but you're not limited to just $3,000.

* How APY works and what it means for you: As a T-Mobile MONEY customer you earn 4.00% annual percentage yield (APY) on balances up to and including $3,000 in your Checking account each calendar month when: 1) you are enrolled in a qualifying T-Mobile wireless plan; 2) you have registered for perks with your T-Mobile ID; and 3) you have deposited at least $200 in qualifying deposits to your Checking account within the current calendar month. Promotional deposits are not eligible toward the $200 in deposits. If you meet this deposit requirement in a given month we will pay you this benefit in the subsequent month as an added value provided all other requirements are met. This added value is subject to change. Balances above $3,000 in the Checking account earn 1.00% APY. The APY for this tier will range from 4.00% to 2.79% 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 1.00% APY on all Checking account balances for any month(s) in which they do not meet the requirements listed above. APYs are accurate as of 11/1/18, 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 answers

How does 4.00% APY work?

We will pay you 4.00% APY* on balances up to and including $3,000 if you:

1) are enrolled in a qualifying T-Mobile wireless plan (e.g. T-Mobile ONE, T-Mobile ONE+ and Simple Choice plan(s) and other postpaid plans, excluding the No Credit Check plan);

2) have registered for perks with your T-Mobile ID; and 

3) have deposited at least $200 to your Checking account within the current calendar month. Note that promotional deposits and refunds are not eligible toward the $200 in deposits. 

At this time, if you meet this deposit requirement in a given month we will pay you this benefit in the subsequent month as an added value provided all other requirements are met.  We reserve the right to change this added value with prior notice to you. You will earn 1.00% APY for balances in your checking account above $3,000. We use the average daily balance method to calculate interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.  

*How APY works and what it means for you: As a T-Mobile MONEY customer you earn 4.00% annual percentage yield (APY) on balances up to and including $3,000 in your Checking account each calendar month when: 1) you are enrolled in a qualifying T-Mobile wireless plan; 2) you have registered for perks with your T-Mobile ID; and 3) you have deposited at least $200 in qualifying deposits to your Checking account within the current calendar month. Promotional deposits and refunds are not eligible toward the $200 in deposits. If you meet this deposit requirement in a given month we will pay you this benefit in the subsequent month as an added value provided all other requirements are met. This added value is subject to change.  Balances above $3,000 in the Checking account earn 1.00% APY.  The APY for this tier will range from 4.00% to 2.79% 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 1.00% APY on all Checking account balances for any month(s) in which they do not meet the requirements listed above.  APYs are accurate as of 11/1/18, but may change at any time at our discretion. Fees may reduce earnings. For more information, see Account Disclosures / Terms and Conditions.

If I cancel my T-Mobile wireless service or if it is terminated, can I keep the interest I earned with T-Mobile MONEY?

Yes, you can keep any interest that has been paid out to date with T-Mobile MONEY. However, your annual percentage yield (APY) will revert to 1.00% for the entire month in which your service is terminated or cancelled. See the Interest section of your Account Disclosures / Terms and Conditions for more information.

What are the limits on earning interest on my T-Mobile MONEY account?

All customers earn 1.00% Annual Percentage Yield (APY)* on all balances, no matter how high.  You will earn 4.00% APY* on balances up to and including $3,000 if you:

1) are enrolled in a qualifying T-Mobile wireless plan (e.g. T-Mobile ONE, T-Mobile ONE+ and Simple Choice plan(s) and other postpaid plans, excluding the No Credit Check plan);

2) have registered for perks with your T-Mobile ID; and 

3) have deposited at least $200 to your Checking account within the current calendar month. Note that promotional deposits and refunds are not eligible toward the $200 in deposits. 

Balances above $3,000 will earn 1.00% APY.  

* How APY works and what it means for you: As a T-Mobile MONEY customer you earn 4.00% annual percentage yield (APY) on balances up to and including $3,000 in your Checking account each calendar month when: 1) you are enrolled in a qualifying T-Mobile wireless plan; 2) you have registered for perks with your T-Mobile ID; and 3) you have deposited at least $200 in qualifying deposits to your Checking account within the current calendar month. Promotional deposits and refunds are not eligible toward the $200 in deposits. If you meet this deposit requirement in a given month we will pay you this benefit in the subsequent month as an added value provided all other requirements are met. This added value is subject to change.  Balances above $3,000 in the Checking account earn 1.00% APY.  The APY for this tier will range from 4.00% to 2.79% 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 1.00% APY on all Checking account balances for any month(s) in which they do not meet the requirements listed above.  APYs are accurate as of 11/1/18, but may change at any time at our discretion. Fees may reduce earnings. For more information, see Account Disclosures / Terms and Conditions.

What are the limits on earning interest on my T-Mobile MONEY account?

All customers earn 1.00% Annual Percentage Yield (APY).* Customers with a qualifying T-Mobile wireless plan who register for perks and deposit at least $200 a month earn 4.00% APY on balances up to $3,000 and 1.00% APY on balances over $3,000. Learn more here. 

To see what you're eligible for, go to "My perks" in your T-Mobile MONEY app. 

* How APY works and what it means for you: As a T-Mobile MONEY customer you earn 4.00% annual percentage yield (APY) on balances up to and including $3,000 in your Checking account each calendar month when: 1) you are enrolled in a qualifying T-Mobile wireless plan; 2) you have registered for perks with your T-Mobile ID; and 3) you have deposited at least $200 in qualifying deposits to your Checking account within the current calendar month. Promotional deposits and refunds are not eligible toward the $200 in deposits. If you meet this deposit requirement in a given month we will pay you this benefit in the subsequent month as an added value provided all other requirements are met. This added value is subject to change. Balances above $3,000 in the Checking account earn 1.00% APY. The APY for this tier will range from 4.00% to 2.79% 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 1.00% APY on all Checking account balances for any month(s) in which they do not meet the requirements listed above. APYs are accurate as of 11/1/18, but may change at any time at our discretion. Fees may reduce earnings. For more information, see Account Disclosures / Terms and Conditions.

When is interest/APY paid out?

Interest paid on T-Mobile MONEY accounts is compounding and deposited into your account monthly. To see the total interest we've paid you to date, select 'My perks' in your app and check out the amount next to 'Total interest paid to date' under the '4% APY' icon. For more information on how interest works, see Account Disclosures / Terms and Conditions.

Will your interest rate ever change, and how will I be notified?

Interest rates may change over time. We'll make sure you're notified in advance of key changes to your account, including your interest rate and annual percentage yield (APY). 

Do I have to deposit $200 each month to earn 1.00% APY?

All customers earn 1.00% Annual Percentage Yield (APY)* on all balances regardless of their deposit activity.  Qualifying T-Mobile wireless customers who register for perks and deposit at least $200 a month earn 4.00.% APY on balances up to $3,000 and 1.00% APY on balances over $3,000.

* How APY works and what it means for you: As a T-Mobile MONEY customer you earn 4.00% annual percentage yield (APY) on balances up to and including $3,000 in your Checking account each calendar month when: 1) you are enrolled in a qualifying T-Mobile wireless plan; 2) you have registered for perks with your T-Mobile ID; and 3) you have deposited at least $200 in qualifying deposits to your Checking account within the current calendar month. Promotional deposits and refunds are not eligible toward the $200 in deposits. If you meet this deposit requirement in a given month we will pay you this benefit in the subsequent month as an added value provided all other requirements are met. This added value is subject to change. Balances above $3,000 in the Checking account earn 1.00% APY. The APY for this tier will range from 4.00% to 2.79% 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 1.00% APY on all Checking account balances for any month(s) in which they do not meet the requirements listed above. APYs are accurate as of 11/1/18, but may change at any time at our discretion. Fees may reduce earnings. For more information, see Account Disclosures / Terms and Conditions.

How do I qualify for interest?

All customers earn 1.00% Annual Percentage Yield (APY).* Customers with a qualifying T-Mobile wireless plan who register for perks and deposit at least $200 a month earn 4.00% APY on balances up to $3,000 and 1.00% APY on balances over $3,000. Learn more here. 

To see what you're eligible for, go to "My perks" in your T-Mobile MONEY app. 

* How APY works and what it means for you: As a T-Mobile MONEY customer you earn 4.00% annual percentage yield (APY) on balances up to and including $3,000 in your Checking account each calendar month when: 1) you are enrolled in a qualifying T-Mobile wireless plan; 2) you have registered for perks with your T-Mobile ID; and 3) you have deposited at least $200 in qualifying deposits to your Checking account within the current calendar month. Promotional deposits and refunds are not eligible toward the $200 in deposits. If you meet this deposit requirement in a given month we will pay you this benefit in the subsequent month as an added value provided all other requirements are met. This added value is subject to change. Balances above $3,000 in the Checking account earn 1.00% APY. The APY for this tier will range from 4.00% to 2.79% 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 1.00% APY on all Checking account balances for any month(s) in which they do not meet the requirements listed above. APYs are accurate as of 11/1/18, but may change at any time at our discretion. Fees may reduce earnings. For more information, see Account Disclosures / Terms and Conditions.