Posted by William Charles on February 13, 2019
Savings Accounts

Published on February 13th, 2019 | by William Charles

25

[AR, IA, KS, MN, MO, NE, OK, TX] Great Southern Bank 2.38% APY On Balances Over $2,500

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

Direct link to 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.

 



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Ken
Ken

The site says when you do the form that card is listed…

Applying is fast and easy!
You will need the following information in order to complete the application:
State issued Drivers License
Your complete physical and mailing address
Social Security Number
Date of Birth
Funding Source
Card (max $5000)
Transfer from Another Financial Institution (max $5,000)
Check
Wire Transfer
Internal Transfer (existing customers only)

AkJohnny
AkJohnny

is there really a $5k credit card option for this bank??? I’m a gonna do that today.

Charlie
Charlie

I assume you’re within their footprint?

akjohnny
akjohnny

does this bank ever offer sign up bonuses

bob
bob

no hoops to jump thru is nice. and physical/local bank branches makes it more attractive than some others (for the scaredy cats out there).

john m
john m

A little misleading. Appears to be regional. Put in my zip code(63031-MO) and .70% comes up. Talked to the local bank and they don’t offer the 2.48%. Shucks.

AkJohnny
AkJohnny

my zip code in Texas also says .70% but if they allow $5k in credit card funding then I’ll fund $5k in 2 player mode and then close both accounts down for $10k in spends no problem.

LC
LC

so did you try?

Mike
Mike

When I pull up the offer from the link this morning it says ‘Available only in and around the Dallas metropolitan market area. Find accounts offered in your area.’ It’s too bad, I already have a checking account with them that I use for my MO deposits. Would have been nice to get more interest on my float each month.

Ann
Ann

Was originally Dallas only for the 2.48%. It is still only for Texas, but has recently expanded to “Available only in and around the Austin, Dallas, Houston, and San Antonio Texas metropolitan markets.” I was able to open it from near Houston.

AkJohnny
AkJohnny

I opened up a money market account and was able to fund $5000 with my Chase Freedom card and it posted as a purchase under a personal category. their website kind of sucks… I’m trying to see if there are any other accounts that I can fund with a credit card while I’m logged in and its impossible to do. I’ve never seen a more basic banking website than this one… their website security reminds me of HSBC.. I’m pretty sure I’m just getting .70 interest but I also got 5k UR points without buying gift cards.

Charlie
Charlie

Are you within their footprint?

John
John

I can’t manage to finish the application; every time I get to the e-consent form it fails: either I click it and lose the application because of unsafe scripting or I open it in a new tab and it won’t let me click the checkbox. I’ve tried a couple browsers and incognito mode in Chrome. Any tips?

Ann
Ann

I did it in Chrome-based Opera with no problems, a few days ago.

sam
sam

How long did it take them to actually open the account and charge the card?

Ann
Ann

Mine was opened (with a phone call telling me so) a few hours after I applied on a weekday afternoon, and the charge was pending as a purchase on my CC by the time I looked the next day.

SG
SG

Do we have any new DPs of funding by CC (Amex?). I’ll try when I receive my Bonvoy Biz card.

RadT
RadT

Funded $2k with a personal Citi AA Plat, coded as purchase

Clint
Clint

Funded $5K with Barclay Arrival MC to meet min spend. Coded as purchase and sign up bonus already posted to account. Initially tried using Altitude Reserve but came back with an address error. US Bank had the same exact address on file as GSB so I’m not sure what the issue was. I switched to Arrival after multiple unsuccessful attempts. Talking with their representative, if you wish to open an additional account you have to go through the normal links as if you were a new customer. Currently there is no mechanism to open account via your existing customer portal, but that enhancement is coming soon per the rep. I opened a checking account and will try opening a MMA account for an additional $5K funding for another card I’m trying to hit the min spend on.

Martin
Martin

William Charles Chuck
The APY is 2.38% now on this account.

Chuck

Updated, thanks

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