The 4% interest rate in only on the first 3k balance and then 1% after that.

So if my wife and I who are both on the same T-Mobile plan both signup for accounts could we each get 4% on first 3k so essentially 6k?

Also it looks like the only requirement to get the 4% besides being a T-Mobile customer is to deposit $200 a month into the account. It doesn’t look like this needs to be a direct deposit or ach deposit but a normal transfer works. Is that correct?