October 10, 2008

Online savings bank SmartyPig (Des Moines) has partnered with Australia New Zealand Banking Group Limited (ANZ) to provide social savings to Australian banking customers. The site will launch in late October.

SmartyPig offers customers a social saving capability, enabling friends and family to contribute to their savings goals through the SmartyPig Web site or social networks like Facebook and MySpace. In the U.S., the SmartyPig site current offers a 3.90 (APY) interest rate and provides customers with cash boosts when they reach a savings goal, from retail partners that include Amazon.com, Overstock.com, Royal Carribean, Pottery Barn, Best Buy and Home Depot. Similar partnerships will benefit Australian customers.

SmartyPig expects to unveil plans for expansion into additional international territories within the next few months.