The web has brought forth a lot of financial companies with twists on traditional investments and account-types. Prosper and Lending Club have created a new investment class that allows individuals to loan each other money, PayPal has made transferring money online very simple, and now Smarty Pig is rethinking how a savings account should work.
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SmartyPig: A New Take on Online Savings Accounts
SmartyPig Decreases Interest Rate to 2.01% APY
SmartyPig announced on Friday that they will be making the largest cut in the interest rates that they offer in the last year.
On SmartyPig’s blog, the company’s co-founder Michael Ferrari, announced the news:
Beginning Monday, Aug. 17, we will be reducing our APY to 2.01%. Historically, we’ve initiated less-frequent drops so as to enable our customers [...]
Discover Card just told me that they are not allowing any balance transfers on any accounts right now. 
Does everyone realize that Citibank owns almost all the credit card divisions of gas card companys and dept. stores including ...
I thought the goal was to increase capital, who would want to lend in this environment of 10% unemployment and ...