'Smarty Pig' Web Site Helps Consumers Save
People are saving more money these days.
But with some big banks paying as little interest as one-tenth of one percent, why even bother with a traditional savings account?
There could be a smarter way to reach your savings goals.
Smarty Pig is like an online piggy bank where depositors choose a specific savings goal. You tell smarty pig what you're saving for and how long until you want to reach your goal.
Smarty Pig then calculates a monthly payment to be withdrawn from your checking account.
The site is backed by an FDIC insured bank and offers an APY of over 3 percent, one of the highest rates in the country right now, CBS station KDKA-TV reported.
Twenty major retailers are offering another incentive.
They allow you to take your money out and put it into a gift card. Then, the store will contribute from 1 to 6 percent to your project.
clipped from: wjz.com