There's a new way to save online, and it's different from anything I've seen before. SmartyPig is an online bank that allows you to, if you choose, share your savings goals with friends and family, and allows them to contribute to your savings as well. This looks like a really great way to teach kids to set goals and work towards them. And with one of the highest savings interest rates (4.30% APY) on the Internet or off, it's a great financial choice.
SmartyPig savings accounts are secure and FDIC insured. You'll also receive incentive boosts from targeted retailers for the specific items you're saving towards. Check it out!
Note: I am in no way connected with SmartyPig, and have received no compensation from them. I just think it's a cool new way of saving, especially for kids. And as I posted recently here, I think we need to teach our children to become savers.
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