Are you looking to increase your savings this New Year or save up for something you have always wanted? Or even get a head start on the holidays with a Christmas Club type of account? I would suggest opening a SmartyPig.
What is SmartyPig?
You may have seen the banner on my site in the past and wondered what SmartyPig was all about. It is a perfect program for those who want to use “cash” only and still earn rewards. Think of SmartyPig as a virtual piggy bank.
SmartyPig is a FREE program to join, which earns you money on your savings. If you are looking to use cash only in 2010, SmartyPig helps you replace the “Buy-Now-Pay-Later” approach with a “Save-then-Spend” mentality!
- High Interest Rate Return – 1.75% APY
- Savings Accounts are Insured by FDIC up to the maximum amount allowed by the law
SmartyPig Cash Rewards Card
Let’s say you’ve saved $2,000 and want to put those savings onto a Macy’s gift card for some new furniture. When you select this option, SmartyPig will give you a cash back savings of 11%. That’s $220 of FREE money to put back on a gift card and receive additional savings, or apply to your next SmartyPig goal. Where else but SmartyPig can you earn a double-digit yield on your savings?
Have you used SmartyPig? Do you think it’s as great of a way to save for a goal as I do?