SmartyPig

I just started using SmartyPig a couple of months ago and I'm cautiously positive about them. The concept is great and I'm a big fan of encouragin people to save for a goal rather than just putting it on credit.

The main concern I had before opening the account was the difficulty of transferring money back to your checking account, but they have now added the option to do that free of charge.
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Because it's so focused on the idea of saving towards goals, it's not as flexible as ING, for example. The minimum transfer amount is $25, which can make it a little tricky to set up small goals over shorter periods of time.

The fact that you can get a small bonus for turning your savings into a gift card with one of their partners (such as Amazon) is a nice plus.
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Staff

I really like the concept of SmartyPig and of course, the super high interest rate they offer. I'm getting 3.9%, which is better than most savings accounts out there. It's a great place to put away money for a rainy day. And as of July 15, 2008, they've finally added the option of being able to transfer your money for free back to your own checking account once you've completed your savings …goal. This is the one thing that kept me from rating it a 5 and now they've added the option!
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