SmartyPig exciting new saving account
Friday February 27, 2009
SmartyPig is a saving account virtual program that acts as an online piggy bank for customer who can also access it through social networking sites due to its revolutionary use of Web 2.0 technology. The use of this technology is bringing in a new generation of saving account users who relate to its technological approach.
The SmartyPig saving account was created to give people a great alternative to credit cards by teaching them how to save more effectively to reach their financial goals faster, and only using their own money.
The SmartyPig saving account takes monthly withdrawals from the customer's allocated bank accounts and puts in their SmartyPig account. The goal is that the amounts should be insignificant enough so that the customer doesn't miss them, but steadily adds up to a large sum in their piggy bank.
SmartyPig offers a 5% interest rate paid quarterly on the account, giving extra incentive to customers. A SmartyPig account has a number of unique features such as the ability to turn your account public with many newlyweds using an account as their wedding gifts wishing well with family and friends able to donate into their SmartyPig account. The program also offers incentives for customers that reach their financial goals through their strategic alliances with Australian retailers such as David Jones and Myer.
SmartyPig savings accounts limitations include:
- minimum deposit of $10 to start a savings goal
- maximum deposit limit within a 24-hour period is $10,000
- minimum savings goal is $250
- maximum savings goal is $100,000
SmartyPig was launched in 2008 in the US with this being its first international expansion with the help of ANZ.
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