Weinschenk says he views each customer complaint as a gift and happily explained to WalletPop that he is excited about bringing a higher interest rate to SmartyPig customers and now, placing the company's focus on providing users a, "deeper, more comprehensive, redemption plan." Bob couldn't share any more details about the upcoming redemption changes except to say users would be pleased. Bob explained that as he monitors the e-mails and tweets that come from SmartyPig users, the two most requested changes were for a higher interest rate and a bigger redemption program. "A bit of counter-programing in this economy," is how Bob Weinschenk, CEO of SmartyPig, described the interest rate increase to WalletPop in a phone interview late Friday. Essentially it's an FDIC-insured savings program with a cash back bonus when you reach your goal.
In addition to paying a leading interest rate, when you reach your goal, you can increase your savings total with bonuses of up to 12% at major retailers. You can also schedule a recurring deposit of at least 10 a month towards the goal, but you don’t have to. Your goal can be anywhere between 250 and 250,000, and you must transfer in at least 25 from a linked bank account to get it started. If you aren't familiar with SmartyPig, it's a website that helps users save toward specific goals, like an HDTV, new computer or home renovation, to name just a few. When transferring money into SmartyPig, you must do it in the form of Savings Goals. While these days the only companies raising interest rates are credit card companies, SmartyPig wants to stand out as a resource for savers by raising its rate too. raises its interest rates for saversĪt a time when most banks and savings institutions are sending out notices saying that interest rates are falling, SmartyPig announced this morning that it is increasing the interest rate it pays savers from 2.01% to 2.15% APY.
0 kommentar(er)
