Update 9/3/19: Rate lowered from 2.48% to 2.38%.
Offer at a glance
- Interest Rate: 2.48%
- Minimum Balance: $2,500
- Maximum Balance: None
- Availability: AR, IA, KS, MN, MO, NE, OK, TX (note not all areas in those states are eligible)
- Hard/soft pull: Soft Pull
- ChexSystems: Unknown
- Credit card funding: None
- Monthly fees:
- Insured: FDIC
The Offer
- Great Southern bank is offering 2.48% APY on its money market account if your balance is $2,500 or more
Avoiding Fees
This account has no monthly fees to worry about
Our Verdict
Not a bad high yield savings option, the higher interest accounts available either have a higher minimum balance or a lower maximum balance. Shame you can’t fund it with a credit card.
I opened an account just for the credit card funding – $5k (Visa/MC). Rejected because all 3 credit bureaus frozen. Rep said to unfreeze Equifax then try again and it worked. Not a hard pull or soft pull according to bank rep but they used it to ask the identity questions.
No way to open additional accounts without going through the entire application process again, which is a hassle.
Save the disclosure docs they sent out – it’s the only thing that shows your account number and isn’t available once you log in to the account.
Charge is pending but exceeds my cash advance limit so it should finalize as a purchase.
Which card did you use?
BOA cash rewards card (MasterCard)
Chex Sensitive. I’ve tried twice in six months and I’ve been denied.
Couldn’t get my US Bank Business credit card to fund this account.
I couldn’t get my Amex card to work. Anyone else?
DP: applied online 1/17/20 using my zip code in Kansas City, MO (only getting .61% money market). Approved, same day.
Funded $4800 with Chase Ink Business Preferred, and it appears to be coding as a purchase as well.
How long did you wait to withdraw?
I can’t remember. That was four years ago. Lol
DP: Applied for account online 1/9/20 using my home zip code in Illinois; approved on 1/10/20. Funded $2,000 with CIP, appears to be pending as a purchase; cash advance limit set to $100.
Credit card transaction posted as Miscellaneous.
Any updates on funding with a cc? Looking to fund $5k with a CIP to meet min spend.
I came here to confirm another recent DP for chase… not CIP, but I funded $5k on CIU and it just officially cleared as a purchase today with bonus now showing as pending!
Added dp thanks
Just tried funding with Citi AA Biz. It got declined because it was coding as cash advance and that limit was less than I was trying to fund
Looks like this is dead. Did you try to find with a personal card too
My Chase Ink Business card worked as a purchase.
I wonder if it will change from cash advance to purchase assuming you’re cash advance limit is high enough for the funding to not get auto-declined.
In the application, I chose “Non-permanent resident” and later got an email saying “Due to our online account opening requirements, we regret to inform you that we are unable to approve your application at this time. If you are able to visit one of our banking center locations, they may be able to assist you further.” Seems like permanent resident and citizen only.
The APY is 2.38% now on this account.
Updated, thanks