SmartyPig will be moving to a new variable interest rate effective May 19, 2010. The interest rate and annual percentage yield (APY) for your account depends upon the applicable rate tier. Effective as of May 19, 2010:
Interest rate earned on balances* $1 - $50,000 will earn 2.133% (2.15% APY)
Interest rate earned on balances* above $50,000 will earn 0.499% (0.50% APY)
Pretty impressive savings rates for the current environment, and you can set up separate savings goals.
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