SmartyPig Savings Account Review

Today at Online Banks Blog, we’re going to look at something we haven’t considered before: a new savings option called SmartyPig.

SmartyPig savings account is a unique financial product. It is unique because of its flexible terms – it also has some distinctive features that are not easy to find at other financial institutions.

Smarty Pig savings account is basically an innovation of social networking where people can interact with their friends and family members; latter can also chime in the savings effort. The procedure of opening an account is pretty simple as customers need to present their proof of identity, driving license and other documents.

Account maintenance follows a simple rule: money management. Customers can add as much dollars into their account as they want but they also will have to upload their spending details and monthly budget plans. They have to create a balance sheet so as to keep checks on spending. Friends and family members help customers in meeting their goals and might also help them if they have overshot their budget.

Other features of the account include the flexibility in the deposition of money. Customers can decide to add some major bucks during one month while refraining from any deposit the next month. Once customers reach their saving goals, they can claim SmartyPig MasterCard® debit card. They can also receive up to a 12% cash boost on their savings; it can also be added on a retail card, including those by popular brands like Best Buy and Macy’s.

SmartyPig savings is a clever way of saving money in a modern fashion. The inclusion of social networking – amid its rising popularity – is a step in the right direction.

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