If you’re looking for a new savings account available nationwide, SmartyPig High Yield Savings account is offering you 3.90% APY on your funds.
Update 3/6/25: The rate has decreased to 3.90% APY from 4.10%.
About SmartyPig High Yield Savings Account
With its headquarters in Utah, SmartyPig is an innovative online bank created to encourage more savings over a conventional brick-and-mortar institution. As an online bank, SmartyPig provides excellent rates and no fees on their savings accounts.
SmartyPig High Yield Savings
Here is your opportunity to earn a competitive rate on your funds. Simply open a new account and start earning interest today!
- Account Type: High Yield Savings Account
- Rate Offer: 3.90% APY
- Availability: Nationwide *Online*
- Credit Inquiry: Unknown
- Credit Funding: Unknown
- Minimum Balance: $0.01
- Maximum Balance: Not listed
- Monthly Fee: None
- Early Termination Fee: Not listed, check with CSR
(Visit SmartPig to learn more)
SmartyPig ACH Capabilities & Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | ? | ? | ? | None |
| Pull | ? | ? | ? | None |
Account Rates
| Balance Requirement | APY Rate |
| $0.01 – $2,500 | 3.90% |
| $2,500.01 – $10,000 | 3.90% |
| $10,000.01 – $50,000 | 3.90% |
| $50,000.01+ | 3.90% |
SmartyPig Account Benefits
- One of the best interest rates in the country – with rates to help you reach your savings goals faster.
- Share with Friends – For each friend you refer who sets up a high-yield savings account with SmartyPig and savings goal with a successful contribution, you will receive a referral reward of $10 from SmartyPig!
- Set it and forget it – you decide how much and how often you want to contribute and SmartyPig does the rest, from monthly contributions to direct deposit from your paycheck.
- FDIC insured – you can have peace of mind and SmartyPig online savings accounts are securely held up to the maximum amount allowed by law.
Author’s Verdict
Be sure to check out the High Yield Savings account at SmartyPig to earn an attractive rate. Let us know if you have any info regarding if this account incurs a hard or soft pull.
In addition to the current rate from SmartPig, you can also take advantage of a range of great promotions from banks such as HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or CIT Bank.
If you know of any account similar to this or better, please let us know by commenting below! Let us know about your thoughts and experience with this account! Be sure to check back on BankDealGuy for more bank rates!
Your info is incorrect. First, the rate is APY rate is 1.40% regardless of the amount you keep in the account – it is the same from $0 to $50,000 and up. Second, in Requirements, you give the impression that you need to deposit $50,000 to open a SmartyPig account. There is no minimum, you can start with $0.01! Third, the SmartyPig account is FREE, there is no $15% fee or any fee, for that matter — see their FAQs! — https://www.smartypig.com/smartypig-faqs
Thanks Ferante. We have updated the information.
Great, thank you! Now it looks right! 🙂 Also, these fields are not applicable (N/A) since it is not a credit account –
Credit Inquiry: Hard Pull or Soft Pull? Let us know
Credit Funding: Unknown
I don’t think they have termination fee either – read their Terms and Cond. to make sure.
And also, the unique thing about SmartyPig is that it allows you to save for unlimited amount of goals – I have not heard of another account that does that. I am not sure if they put your money in different accounts for each goal, or not. But either way, this to me is more than worth it the fact i am not getting the max rates! – besides, the money will not be there long – only until the goal is achieved!… So when you say, “This rate is okay. There are definitely better accounts offering higher rates” — to me it seems you are not understanding the motivational value of this account, which is its main attraction – to compare it with all other regular accounts, is like comparing apples to oranges. The ability to put your money in different “drawers” for each goal and show the progress on each, this is what makes the difference between spending the money on something you don’t even remember, and patiently working on a goal and spending them for that purpose only! For a person like me unable to save a penny, this was the first thing that made me save! – because it uses Gamification to make things interesting!