SmartyPig: Savings Account & Rates

By Aviel Fahl

Updated: 1/13/2026

Mission: Banksparency aims to make SmartyPig's savings account transparent and comparable to the market.

Interest rates reported as APY

Savings Overview

SmartyPig Account

3.90% APY

Very StableNo rate changes in last 90 days

No Minimums Online Only

Min. Deposit	$0
Min. Balance	$0.01
Maintenance Fee	$0

Rank #30 of 101 tracked.

Market Reality Check

This bank offers rates below the current top tier. The best rates we track are currently above 4.20% APY.

See Top Rates

Also see affiliated bank: Sallie Mae Bank

View products

National Avg: 0.39% (FDIC, 12/15/2025).
Banksparency tracks live rates daily.

Bank Overview

HQ LocationSalt Lake City, Utah
Founded2005
AffiliationSmartyPig is offered through Sallie Mae Bank.
Ratings & Trust
4.6iOS 2.7Android A+BBB BBB Accredited
Zelle® SupportNo Support
Standard ACH or Wire transfers only.
Deposit InsuranceFDIC Insured(Cert: 58177)

Visit Official Website

Featured Offers

Axos ONE - High Yield Savings & Checking

Over 95,000 fee-free ATMs
Get paid up to 2 days early with Direct Deposit
One convenient app for spending & saving

FDIC Insured

Savings4.31%APY

Checking0.51%APY

Go to Axos Bank

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$0
Min. Balance in Savings Account	$0
How to qualify for APY	OPTION ADirect Deposit $1,500+ AND Maintain $1,500+ avg daily checking balance. OR OPTION BDeposit $5,000+ total/mo AND Maintain $5,000+ avg daily checking balance.
Mobile Ratings	iOS:4.7 Android:4.5

The 4.31% APY is available with the Axos ONE savings and checking bundle. The checking account earns 0.51% APY. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of more than $1,500 in your ONE Checking account, or receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000.

EASY TRANSFERS, LOW MINIMUMS

SponsoredVerified Jan 13, 2026

FDIC Insured

Quontic High Yield Savings

Apply in 3 minutes or less
No monthly service fees
Transfer with Zelle, Apple Pay, G-Pay, and more

FDIC Insured

Savings3.50%APY

Go to Quontic Bank

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$100
Min. Balance in Savings Account	$0
Mobile Ratings	iOS:4.8 Android:4.9

PREMIUM ACCOUNT, GENEROUS BONUS

SponsoredVerified Jan 13, 2026

FDIC Insured

CIT Bank - Platinum Savings

Competitive APY - with a balance of $5,000+
Earn up to $300 bonus with qualifying deposit
Highly rated mobile apps

FDIC Insured

Savings3.75%APY

Up to$300Bonus

Go to CIT Bank

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$100
Min. Balance in Savings Account	$5,000
Mobile Ratings	iOS:4.8 Android:4.5

This is a tiered savings account, where the 3.75% APY requires meeting the $5,000 balance requirement. Lower balances earn an APY of 0.25%.

Our Take on SmartyPig

The Good

Decent APY of 3.90%
No minimum deposit or balance requirements
No monthly maintenance fees
Highly rated iOS app (4.6 stars)

Considerations

No physical branch access (online only)
Low-rated Android app (2.7 stars)

Verdict

The SmartyPig Account offers a competitive APY of 3.90% with no minimum deposit or balance requirements, and no monthly maintenance fees. Users can enjoy the convenience of an online-only platform, although there is no physical branch access. The account does not require direct deposit, and there are no promotional or tiered conditions to consider. However, potential users should note that the iOS app is highly rated at 4.6 stars, while the Android app has a lower rating of 2.7 stars.

Savings Account: In-Depth View

Savings Account Offered by SmartyPig

Feature	SmartyPig Account
APY	3.90%Verified: 1/13/2026
APY Trend	Very StableNo rate changes in last 90 days
Min. Deposit	$0
Min. Balance	$0.01
Monthly Fee	$0
Direct Deposit	None
Checking Bundle	No
Branch Access	None
Compounding	Daily
FDIC Insured	Yes
Eligibility	United States
Next Steps	-

Calculate Savings for SmartyPig

All calculations are based on APY.

Selected Product

SmartyPig Account3.90% APY

Initial Deposit

Recurring Deposit

Frequency

Duration

Savings Breakdown

Interest Earned
+$1,526.90(9.8%)
Total Contributions
$13,000
Initial Deposit
$1,000

Projected Balance

$15,526.90

Effective APY

3.90%

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

SmartyPig Savings Rates Over Time

Historical APY Insights

Last 4 Months

Metric	SmartyPig Account
Latest APY	3.90%
Trend	Sideways
Slope (bps/mo)	-0.0
Rate Changes / Mo	0.00
Days Since Last Change	120
High (-4m)	3.90%
Low (-4m)	3.90%
Draw-down	0.0%
Volatility (CV)	0.000

How to read these metrics▼

Trends & Velocity

Trend: The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
Slope (bps/mo): Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
Rate Changes / Mo: "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.

Risk & Range

High/Low: The absolute ceiling and floor of the rate during the 123-day window.
Volatility Score: Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
Days Since Change: If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.

Why track this? Understanding volatility helps you avoid "bait-and-switch" rates. A steady, rising slope is ideal; high volatility often signals a temporary teaser rate.

Compare with SmartyPig

Feature	Current View SmartyPig	Empty Slot
Product	SmartyPig Account	-
APY	3.90%Verified: 1/13/2026	-
APY Trend	Very StableNo rate changes in last 90 days	-
Min. Deposit	$0	-
Monthly Fee	$0	-
Direct Deposit	No	-
Checking Bundle	No	-
Branch Access	None	-
Eligibility	United States	-
Compounding	Daily	-
FDIC Insured	Yes	-
Next Steps	-	-