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SmartyPig Savings Plan Featured In American Banking News

Posted by: RateAPY Bank Rates News
May 26th, 2010

SmartyPig, the savings alternative to buying on credit, was featured in American Banking News this week when it announced it would change its interest rate structure to a tiered system. Savings accounts with balances of less than $50,000 can earn an APY of up to 2.15%. This is one of the highest yields available on an FDIC-insured account.

Savings Account with High Interest…and Then Some

SmartyPig is known for encouraging a reversal of the credit card mentality of buy now, pay later. Customers set up specific purchase goals and make automatic transfers from their checking or other savings accounts. Once the goal is met and the purchase is made, the customer can earn cash boosts of up to 12% as long as they make their purchase from retail partners in the program such as Best Buy, Travelocity, Amazon.com or Macy’s.

Check out SmartyPig and other innovative savings programs. Compare interest rates on savings accounts and money market accounts today.