Win $100 for opening a new savings account with SmartyPig
SmartyPig is giving one lucky Wise Bread reader a $100 gift card for starting a savings account with them. To enter the contest, simply leave a comment in our SmartyPig thread in the forum. Drawing will close on Sunday 3/30 at 11:59pm PDT.
What is SmartyPig
SmartyPig is a new online savings account with a social networking twist.
- When you open a savings account with SmartyPig, your money is deposited at West Bank, an FDIC insured bank with $1.3 billion in assets, where it will earn *4.30% (APY) interest.
- You can set up "savings goals" for various projects (e.g. a trip to New York or a new Wii), and activate automatic monthly ACH transfers until the goal is met.
- Here's the twist: You can make your account public and invite friends and family to help you achieve your goal.
- SmartyPig also offers incentive boosts from top retailers who sell exactly what you’re saving for.
Here's a video intro:
To be honest, I haven't tried out this service myself. But it does sound like a very neat concept.
*Annual Percentage Yield (APY) is effective as of 3/16/2008. Rates may change at any time without prior notice.