Skip Nav
44 Quote Tattoos That Will Change Your Life
18 Secrets From Flight Attendants That Will Change the Way You Fly
50 Printable Adult Coloring Pages That Will Make You Feel Like a Kid Again

SmartyPig Savings Account

What Is a SmartyPig Savings Account?

I've talked about the benefits of an ING Orange savings account and one of its biggest appeal was the high-yield savings rate. Well, ING's interest rate right now  is currently 1.1 percent, a far cry from its 4 percent back in spring of 2006. Don't get me wrong, ING still has its positives like having no fees, no minimums. and a user-friendly interface. Rates generally go down when market conditions are tough.

I started looking for another no fees online savings bank and recently turned my eye towards SmartyPig. To find out what I learned, read more.

There is a slight difference — a minimum deposit of $25 required and a $10 required monthly contribution. However, SmartyPig's APY (as of now) is at 1.75 percent for balances less than $50,000. Users can create savings goals that range from a minimum of $250 to the maximum of $250,000. This online piggy bank has a social aspect to it as well, you can invite friends and family to contribute to your saving goals and choose to automatically post your progress on Facebook and Twitter.

I think one of the great perks of SmartyPig is that when you reach a saving goal, you can either shuttle the money back to your bank account or redeem it through gift cards from SmartyPig's retailing partners. The best deal seems to be with Macy's — they'll give you 12 percent additional cash increase on your total savings.

Around The Web
Join The Conversation
Pay Your Bills on Pay Day
What is an ING Savings Account?
How Many Savings Accounts Do You Have?
Alternative to Overdraft Protection
Where to Put Your Savings
What Is a Money Market Account

POPSUGAR, the #1 independent media and technology company for women. Where more than 75 million women go for original, inspirational content that feeds their passions and interests.

From Our Partners
Latest Afforable DIY & Organization
All the Latest From Ryan Reynolds