SmartyPig, an online banking and savings planning website, is offering a 1.10% savings rate. This is currently the third-highest savings rate in the U.S., making it an appealing offer to anyone looking to put their money to work. SmartyPig boasts of a completely “fee-free” service — no fees to join, to save, or to withdraw money. This website focuses on helping you achieve your savings goals by listing them out, then measuring your progress after making monthly contributions.
After reaching your financial goals, SmartyPig will allow you to transfer your funds into another account or redeem them for a gift card of your choice (most likely to be redeemed for the object you were saving for). However, keep in mind that if you wish to make a withdrawal on the savings account, you must withdraw the entire amount.
Terms & Conditions:
- To open an account, you must make a minimum deposit of $25
- You must be at least 18 years old and have an existing checking or savings account
- SmartyPig requires all account holders to be a U.S. citizen, legal resident, or resident with a valid social security number
- Money deposited into SmartyPig accounts will be held at local BBVA Compass banking locations
Be sure to read full terms and conditions on the SmartyPig website and check out their Frequently Asked Questions. Learn more about SmartyPig and see how you can reach your savings goals. Open your account today and start earning a higher return on your money!