Track your short- or long-term goals with tiered interest rates that earn up to an 4.25% APY.
The SmartyPig Savings account is best for anyone looking to set specific short- or long-term goals. You can set automated rules on how much money you want to apply to each goal. Plus, you'll earn a competitive rate up to 4.25% APY.
Keep in mind that Smartypig has a tiered APY, and instead of rewarding you with a higher APY as you fill up your account, it does the opposite. You'll earn 4.25% APY on balances up to and APY on balances over . Also, if you have any questions about your account, customer support isn’t available on the weekends.
finder.com's rating: 4.0 / 5.0
★★★★★
Smartypig is a free savings account insured by the Federal Deposit Insurance Corporation and backed by Sallie Mae. It may have a silly name. But with a 4.25% APY, you could earn high interest while visualizing where you are in your savings goals.
Opening a SmartyPig Savings account takes a few minutes, but you’ll need your phone to complete the process.
To open a SmartyPig Savings account, you must meet these requirements.
You’ll need to provide this key information when you apply for your account.
The SmartyPig Savings account’s main perks are its high interest rate and userfriendly tracking for different savings goals.
With Smartypig, you’re getting a competitive interest rate that could lead to significant earnings for a savings account.
| APY | Amount in savings | Interest earned in 12 months |
|---|---|---|
| 4.25% | $5,000 | $35.12 |
| 4.25% | $10,000 | $70.24 |
| 4.25% up to ; over | $15,000 | $97.82 |
You won’t have as much access or customer support with this account as you might by choosing a big-name bank with a wide branch network. A few downsides to bear in mind:
If you want a savings account that rewards you with higher interest across all your funds, consider Quontic Bank’s High Yield Savings account, which also comes with a wide ATM network. If you’re looking for other options with goal-tracking features, you could see if an account with Chime or Ally Savings account is right for you.
Check out the features and fees for different savings accounts, and choose the right account for you by selecting Go to site when you’re ready.
Smartypig makes depositing and withdrawing money to and from your SmartyPig Savings account straightforward.
You can put money into your account by:
Currently, the only way to withdraw funds from your Smartypig account is to initiate an automated transfer from Smartypig’s website or app.
You can contact a support specialist by calling 877-751-6884 on weekdays from 8 a.m. to 8 p.m. ET.
You can also send a secure message to a SmartyPig representative by using the Message Center section of SmartyPig’s website. A representative will typically get back to you within one business day.
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — 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.
SmartyPig Savings is not currently available on Finder
Have you considered UFB Secure Savings?
Score an impressive 5.25% APY, and pay $0 in monthly fees. No minimum deposit requirement. FDIC insured.
Michael Finder
Staff writer
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