SmartyPig Savings Bonus

SmartyPig is a site where people can set savings goals and then let family and friends help contribute to their savings plan through social networking. The social networking aspect works best one when a stated goal like college tuition, a wedding, or a family vacation is proposed. The savings account is administered by West Bank and currently pays a very attractive yield of 3.90%. After a savings goal has been met, either a SmartyPig debit card or retail card can be credited with the funds. The retailers partnering with SmartyPig (including Best Buy, Amazon, Hyatt, and Circuit City to name a few) offer further cash incentives as high as 6% to further enhance the total savings. A savings plan which offers 3.9% return + another 3%-6% in cash incentives from retailers is very hard to find. Setting up an account is quick and easy and whether the savings goals is small or large the program works the same. You can also buy SmartyPig gift cards to motivate someone you know to start a SmartyPig savings program.