Available nationwide, SmartyPig is offering an attractive up to 3.90% APY when you open a new High Yield Savings Account.
Update 3/6/25: The rate has decreased to 3.90% APY from 4.10%.
SmartyPig High Yield Savings Review
Headquartered in Utah, SmartyPig is a unique online bank designed to help you save more as opposed to a traditional brick-and-mortar bank. Because they operate online, SmartyPig offers competitive yields and no fees on their savings accounts.
SmartyPig is an online piggybank for people saving for specific goals like a new mountain bike, a down payment on a home, a vacation, or starting a family. Their members have collectively saved nearly $5 billion dollars toward their financial goals. SmartyPig is a totally free, FDIC-insured savings account that makes saving easy and rewarding.
I’ll review the SmartyPig Savings below.
SmartyPig High Yield Savings Rate
To earn SmartyPig’s competitive rate, simply open an account online to get started. That’s all it takes and you’ll get to enjoy earning the competitive rate.
- What you’ll get: 3.90% APY
- Eligible account: Savings
- Credit inquiry: Unknown
- Where it’s available: Nationwide
- Opening Deposit: $0.01
- Monthly fee: None
- Early Termination Fee: None listed, check with CSR
(FDIC Insured)
Here is an alternative link to apply.
How to Earn Rate
- Open a High Yield Savings account online
- Maintain tiered balance amount and earn the 3.90% APY.
| 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% |
Eligibility
To be eligible to open a SmartyPig Savings account, you’ll need to meet the following requirements:
- Be at least 18 years old
- Be a U.S. citizen and resident or U.S. permanent resident alien with a green card
What You’ll Need To Apply
When applying for the SmartyPig Savings account, be sure you have the following information:
- Social Security number
- Driver’s license information
- Mobile phone number
- Date of birth (DOB)
- Residential address (Note: PO boxes are not acceptable)
- Bank account routing and account numbers (to fund your account)
SmartyPig High Yield Savings Account Features
- One of the best interest rates in the country – with competitive 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.
SmartyPig $10 Referral Bonus (Up to $1,000)
SmartyPig is offering a referral bonus where you can get rewarded for each new valid SmartyPig Deposit Accountholder(s) referral via the Refer a Friend Program. To earn the bonus:
- Submit your friend’s email address on the form provided on our website, via the link we send you, or your friend must apply using a valid Program code.
- Your referred friend(s) must open a SmartyPig Account and fund that Account with at least $25 within 30 days of receiving the invite.
- The $10 reward will be deposited into your SmartyPig Account within 90 days of completion of the requirements.
- Maximum of 100 referrals per Accountholder, up to $1,000.
- Sallie Mae reserves the right to revoke, change, or terminate this promotional offer at any time without notice.
- Other terms and conditions apply.
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Conclusion
SmartyPig is offering a great APY Rate for the Savings Account. Definitely open an account so you can start saving with a fantastic account while offering a competitive APY Rate.
In addition to the rate from SmartyPig, check out our list of best rates Savings, Money Market, and CD accounts.
If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
Let us know about your experience with this bank and comment below.
Check back often to see the latest info on SmartyPig’s Savings Account.
