The SmartyPig Blog

Tell Us What You Think… Really

We cut the ribbon on our new company blog today, demonstrating once again why we are the world\’s only banking application that is truly Web 2.0. But more importantly than showing off in the space, we focused and launched our blog because we are committed to an open and transparent conversation with you, our customers, about responsible savings, banking and innovation.

Developed on the Post Zinger platform, this blog provides a forum for our products, as well as commentary about the banking industry and consumerism. Oh, and it rocks!

SmartyPig\’s Footprint Keeps Growing

As shown in the past months with our new Clearspring widgets and our utilization of Twitter and Facebook to make us more accessible, we are committed to putting SmartyPig on leading social platform technologies that help increase our outreach and connection. Our goal is to always be as informative, responsive and as inclusive as possible.

This will be a great tool for all three.
Since day one, our customers have been THE most integral part of our growth and development.

Just read what the top bloggers have to say about us here:

Human SmartyPigs Don\’t Wallow in Mistakes

We right wrongs as quickly as possible, and we air all dirty laundry in public. Why? Because the more you can read about and participate in relevant discussions about SmartyPig, the more of an understanding you\’ll have regarding who and what SmartyPig stands for.

Join In The Conversation

So sign up for our RSS feed, follow us on Twitter, become a fan on Facebook or give us a piece of your mind or product improvement suggestions on Get Satisfaction. We not only want it all, we can take it all.

This isn\’t some hacked together, multiple technology cut-and-paste job. At SmartyPig, we want to leverage all the great and communicative opportunities in Web 2.0. And while we roll up our sleeves every morning and cross our fingers hoping that the news and customer experience is always good, we\’re ready for the open dialogue to begin in earnest. After all, that\’s the only way to ensure we can do the best job possible.

So let us have it. Really.

  • http://www.lavarow.com Nathan Wright

    Nice work, guys. I love that you\’re offering a direct path to Get Satisfaction and that you have all your various social network presences on the sidebar. Keep it up!

  • http://www.room214.com Stepan Mazurov

    Great! Can\’t wait to see more from you guys.

  • http://www.thinkseer.com/blog wil reynolds

    Just thought of something, in this graduation season, wouldn\’t it be a great graduation gift idea to give the idea of responsibility in savings and finances? This season has passed, but maybe next year.

    Keep up the great work guys!

  • http://her-education-blog.com/ Robin

    I love the site and am going to open up an account soon. I will also be reviewing the site in an upcoming blog post. Keep up the good work!

  • http://frugaldad.com Jason

    I\’ve heard nothing but good things from PF bloggers about your service. Congrats on the recent ribbon cutting!

  • http://wrkng.net Nick Grossman

    Hey guys — I just got started using SmartyPig last week, and so far I think it\’s pretty great. Without getting into the specifics of how it works, it\’s just a really great concept and I think it will really help people get back into the habit of saving. I wrote a short blog post about you guys this morning. Keep up the good work!

  • Gabriel

    SmartyPig seems like an awesome idea. But as a Brit, the dollar is like water. I\’d like to see a great SmartyPig deal for us Brits.

  • Warlock

    Question on actual compounding/APY:

    According to the T&C (below) interest is compounded daily but only on the pricipal in your account, which seems to only grow when interest is “posted” which is quarterly…is this a way to seriously reduce compounding or am I reading it incorrectly?
    ———————————————-
    Compounding and CreditingFrequency – Interest will accrue daily. Interest will be posted to your account quarterly.
    Effect of closing an account – If you close your account before interest is credited you will receive the accrued interest.
    Balance Computation MethodDaily Balance Method. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal amount in the account each day.
    —————————————————
    Thanks in advance for your considered response
    - Warlock

  • http://www.smartypig.com Michael Ferrari

    @Warlock – The difference between daily and quarterly compounding of interest is relatively insignificant. For example, assuming $1,000 was on deposit for one year at an interest rate (APR) of 3.84%, the difference between daily and quarterly compounding is about 19 cents. The important factor for a consumer comparing the return on savings accounts is the annual percentage yield (APY). This measure factors in the compounding frequency and indicates the return the consumer will receive if their deposit is held for one year, regardless of the compounding frequency. Banks are required to publicize the APY so such a comparison may be made.

    - Mike Ferrari, SmartyPig co-founder

  • nomadvixen

    I’ve been reading about smartypig for the past hour and it sounds like a cool concept. It is in a way promoting good savings habit to people who frequents these social networks, so great job! ü

    Love the high rates and the boost on those retailers too as I frequently shop on some of them online. My question is, will smartypig ever be open to Non-US Citizens with bank accounts in the US?