SmartyPig Provides an Easy Way to Afford Debt-Free Luxuries [ARTICLE]

If in your attempts to save money for a vacation, wedding, or big-ticket item, you only end up with good intentions, SmartyPig may be able to help. By opening up a SmartyPig account, you can find a variety of options to assist you with your savings goals. The website offers an online account to safeguard your savings while earning a high yield interest rate, backed with an FDIC-insured government guarantee.

How It Works

It is easy to stay out of debt by using SmartyPig, by saving your money until you have enough to afford any of your long-term goals. Simply log on to your account, define any specific goal and begin adding money to your account (1st time $25 deposit minimum). Money can be deposited online, or using an mobile device app. You can easily set up automatic withdrawals from any approved bank account, or simply put money in when you can. Your money will earn interest while your total amount accumulates toward your goal (currently 1.00 APY).

Setting Goals

You can set up an unlimited amount of goals, tied to a variety of desired items including new clothes, new computer, vacation, wedding, college tuition, party, or anything. As you add money from your existing savings or checking account, you can easily manage your contributions, and calculate exactly how long it will take reach your goal. You always retain control over your money and can stop at any time without being penalized.
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Open an Account

SmartyPig is an easy solution to your savings needs, and provides an easy way to pay cash for luxuries you might typically put on your credit. You can open an account using minimal information. You need to input your name, address, phone number, e-mail and SSN. Once your identity is verified, the rest of the process is painless, allowing you to begin immediately saving for your future purchase.

Achieving Your Goal

Cash out of your account at any time, and simply have your funds transferred to your savings or checking account. Additionally, you can select to have your funds sent to a SmartyPig Cash Rewards Reloadable Debit MasterCard. You can use it anywhere MasterCard is accepted, and receive 1% cash back every time you make a purchase.

When using your goal money to purchase gift cards at any participating retailer (Amazon, Macy’s, Travelocity, and others) you can receive up to 11% more in savings. SmartyPig is a smart solution for saving money to pay cash for big-ticket items, vacations and other desired goods.