Netspend has their H-E-B debit card which offers a linked savings account with 6% APY on balances up to $2,000. Balances above that amount get .50% APY.
Direct Link to H-E-B Debit Card
You can get the H-E-B card even if you have another version of the Netspend debit cards. Years ago I spent a lot of time parsing out the options with Netspend cards since it was possible to get 5% APY on up to $5,000, and to multiply that by opening various versions of the Netspend cards. These became much less interesting in 2016 when they lowered the max to just $1,000, though given the current environment of low interest rates some might revisit these accounts.
This H-E-B card is more interesting than the other Netspend cards since they are now offering a higher 6% rate and also a higher $2,000 limit. We’ve added this to our list of Best High Yield Savings Accounts.
Note: there is a $4.95/month inactivity fee is the account is inactive for more than 90 days, so you need to set up a recurring transfer in order to avoid the fee if you don’t plan on using the card.
Also note, you need to activate the card before funding the account or it’ll get locked; also, you need to add $1 to your prepaid card before you can activate the savings account. This card does not have a referral program.
There are also a few bonuses possible to get with this card (or possibly any Netspend card), including $10 for depositing a check, $15 for direct deposit, and $5 for loading the account – see more about these potential offers in this comment from reader ShawntheShawn. You can also get 5% back on H-E-B spend with the prepaid card.
Feel free to discuss this or other Netspend accounts in the comments below.
