SmartyPig Savings Account Review
SmartyPig Savings isn't available on Finder right now.
- Annual Percentage Yield (APY)
-
3.40%
- Fee
- $0
- Minimum deposit to open
- $0
Our verdict
A no-fee savings account with a flat 3.40% APY, no matter your balance.
SmartyPig, offered through Sallie Mae Bank, offers a high 3.40% APY on your entire balance. It's built around setting specific short- or long-term savings goals, with no monthly fees and no opening deposit requirement. However, there's no ATM or debit card, so getting cash out means transferring to an external account first.
Best for: Savers who want to track specific goals.
Pros
-
Tracks savings goals
-
No fees
-
Competitive APY
Cons
-
No ATM or debit card
-
Limited support
What we like about SmartyPig
For starters, I’m a fan of the name!
But on a serious note, this account has no monthly fees, no opening deposit requirement and no fee to close the account. It’s straightforward, easy to open and maintain, and best of all, has a good APY.
Competitive APY
SmartyPig pays 3.40% APY across your entire balance, whether you have $500 or $50,000 saved.
This account used to have a declining-rate tier structure that rewarded small balances more than large ones, but we’re glad to see this account has moved away from that.
Goal-tracking tools
SmartyPig is built around setting specific savings goals — a vacation, an emergency fund, a big purchase — and tracking progress toward each one. You can set up automated recurring deposits so your savings happen without having to think about it.
What could be better
As a digital savings account, SmartyPig has some downsides to consider.
The SmartyPig account doesn’t come with any way to withdraw cash directly. To access your money, you’ll need to initiate a transfer to an external checking or savings account through SmartyPig’s site or app, then withdraw from there.
You can only reach SmartyPig by phone weekdays, 8 a.m. to 8 p.m. ET, with no weekend support. However, you can send a secure message through the site’s Message Center, with a typical response time of one business day.
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How we picked theseWhat is the Finder Score?
The Finder Score crunches over 250 savings accounts from hundreds of financial institutions. It takes into account the product's interest rate, fees, opening deposit and features - this gives you a simple score out of 10.
To provide a Score, Finder’s banking experts analyze hundreds of savings accounts against FDIC-reported national averages as a baseline. Accounts with rates well over the national average are scored the highest, while accounts with rates well below are scored low.
SmartyPig customer reviews and ratings
| BBB accredited | No |
|---|---|
| BBB rating | A+ |
| BBB customer reviews | 1.17 out of 5 stars, based on 105 customer reviews |
| Customer reviews verified as of | 28 July 2026 |
There’s very little feedback about the SmartyPig savings account. SmartyPig has a Better Business Bureau (BBB) profile, but no Trustpilot profile, at the time of writing. Reviews on its BBB profile are nearly all in reference to Sallie Mae loans.
On Reddit, there’s some old chatter about SmartyPig comparing it to Pibank savings. Most users on the thread have never heard of either bank, but simply point out that both have good APYs and both insure deposits up to the standard amount.
As I often have to sift through countless negative reviews across review platforms, I will say that little news is good news when it comes to finance products. Most folks leave reviews for financial products only when things go wrong, so seeing little feedback is typically a good sign. Take that as you will!
Savings account ratings
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★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We analyze top savings accounts and rate them one to five stars based on factors that are most important to you. These factors include: interest rates, monthly fees, minimum deposits, customer service and account features.
Frequently asked questions
Your reviews
Bethany Finder
Banking editor
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