The SmartyPig savings account from Sallie Mae is a free online piggy bank to help you save money toward your financial goals, such as vacations, large purchases, a downpayment on a home, starting a family, an emergency fund, retirement, or anything else you want.
SmartyPig offers savings account rates of up to 1.12% APY to help you reach your savings goals faster.
Plus, you can earn a $10 referral bonus for each new customer that you refer who opens a new SmartyPig deposit account and funds that account with at least $25 within 30 days of receiving your invitation.
SmartyPig Savings Account Features
SmartyPig is a free online piggy bank for people saving for specific financial goals like a wedding, a vacation, or a flat-screen TV.
- SmartyPig is a Totally Free, FDIC Insured Savings Account that Makes Saving Easy and Rewarding.
- SmartyPig’s High Interest Rate of up to 1.12% APY Can Help You Save More for Your Money.
- You Decide How Much and How Often You Want to Contribute and SmartyPig Does the Rest, from Monthly Contributions to Direct Deposits from Your Paycheck.
- Savings Goals may be Funded with Scheduled, Recurring Contributions from an Existing Checking or Savings Account.
- SmartyPig Helps You Stay on Track with a Goal Planner, Helpful Reminders, and more.
- Set Multiple Financial Goals and Open Simple Savings Accounts for Each Goal.
- Direct Your Earnings into Another Financial Goal at Any Time.
- Add or Withdraw Funds from Your SmartyPig Savings Account at Any Time.
- Option to Receive a Special Discount When You Redeem an Amazon.com Gift Card using Your SmartyPig Savings.
- Refer Your Friends to SmartyPig and Earn a $10 Referral Reward for up to $1,000.
- No Fees to Join. No Fees to Save. No Fees to Withdraw.
- SmartyPig Online Savings Accounts are Securely Held at Sallie Mae Bank.
To open an account, you must be at least 18 years of age and have an existing checking or savings account.
You must also be 1 of the following: 1) U.S. citizen, 2) U.S. permanent resident alien with a green card and social security number, or 3) Resident with a social security number.
SmartyPig High-Yield Savings Tiers up to 1.12% APY
SmartyPig offers tiered interest rates, so that the more you save, the better rates you will earn on your deposited funds.
- 0.85% APY on Balances of $0.01 – $2,500.
- 0.90% APY on Balances of $2,500.01 – $10,000.
- 0.95% APY on Balances of $10,000.01 – $50,000.
- 1.12% APY on Balances of $50,000.01+.
SmartyPig uses the daily balance method to calculate the interest on your account.
SmartyPig Referral Program $10 Bonuses
The SmartyPig referral program is offering current SmartyPig customers up to $1,000 in referral bonuses.
Just refer your friends to SmartyPig and earn a $10 referral bonus for each friend that you refer who sets up an account and goal.
In order for you to qualify for your $10 bonus reward, the person that you refer must join within 30 days and fund their new account with $25 or more.
You can earn SmartyPig referral bonuses for up to 100 new customers, which is a total of $1,000 in referral bonuses.
You must submit your referrals via the email form within your SmartyPig account.
Unfortunately, new SmartyPig customers do not earn a sign-up bonus for joining via a referral from a current customer at this time.
However, if you email MaximizingMoney@gmail.com to request a SmartyPig referral before joining, I will let you know about a special offer to split the $10 referral bonus with you, if you meet the referral qualifications.
How To Refer Customers to SmartyPig
1. Login to your existing SmartyPig account.
2. Click on the “Refer-a-Friend” link at the top of your Dashboard.
3. Input your friends’ email addresses and send them referrals.
When your referrals join within 30 days of receiving your referral and deposit at least $25, you will get paid the $10 bonus.
Exchange SmartyPig Referrals
If you are a current SmartyPig customer, please feel free to leave your contact information in the comments section below this article to exchange referrals with new SmartyPig customers, and you may also consider splitting the $10 bonus with your referrals, in order to entice new customers.
New customers do not earn a bonus when they sign up through a current SmartyPig customer’s referral, but you may still wish to sign up through a referral to help another SmartyPig customer earn a $10 bonus, at no additional cost to yourself.
Check out this SmartyPig Referral Offer for more information.
Take advantage of this SmartyPig referral bonus to earn up to $1,000 in referral rewards from SmartyPig.
Get Amazon Gift Card Discounts with SmartyPig Savings Redemptions
You have the option to redeem your SmartyPig savings as an Amazon.com Gift Card to receive a special discount for even more savings.
Amazon eCodes can be purchased in amounts from $5 to $500, and the Amazon eCodes are offered at a discount on the value of the eCode.
Upon becoming a customer, you can view the current Amazon discount percentage that is available within your account.
However, your SmartyPig primary account must be open for 60 calendar days before you will be able to order an Amazon.com Gift Card using your SmartyPig funds.
You can redeem all or part of your goal toward a retail gift card, so it’s up to you how much you will redeem.
Sign up for a SmartyPig account today to start saving money toward your financial goals, plus start referring new customers to SmartyPig for cash referral rewards.