Smarty Pig’s Online Savings Account: 2.01% APY!
Smarty Pig’s online savings account is currently yielding an interest rate which absolutely demolishes the national average for these particular accounts, plus they have some innovative features/tools to help you save!
Smarty Pig’s online savings account rate: 2.01% APY national average: 1.25% APY
SmartyPig, based out of Des Moines, Iowa was launched in April of 2008 and is a banking partner of West Bank and a subsidiary of West Banc Corp. Because West Banc Corp is member FDIC your funds held in Smarty Pig’s savings accounts will be federally insured (by the FDIC) up to $250,000.
Smarty Pig’s Unique Approach to Savings…
Open a goal-based savings account that can be attached to social networking features (Facebook, MySpace, Blogger, Google, etc.) allowing your friends and family to view and even contribute to your savings goals.
You then set a time in which you would like your goal to be completed, along with an initial deposit (the minimum deposit required is only $25.00). You can allow anyone to contribute and view your goal (or nobody) it’s up to you.
Some customers have set up goals to either help pay for Christmas shopping, pay off a credit card, pay off a student loan or save for a vacation.
…And to help you reach your goal they claim to consistently provide a savings rate which beats the national average. The current rate is 2.01% APY.
November 25th, 2009 at 9:13 am
Does Smarty Pig do a hard credit pull inquiry?