BBVA Compass Offers SmartyPig Customers $150 In Cash

BBVA Compass, which recently entered into a business agreement with SmartyPig, is offering SmartyPig customers $150 in cash for opening a new checking account.

If you’re not familiar with SmartyPig, it’s a goal based savings account that offers a superior interest rate of 2.15%, well above what most other online savings accounts are offering. SmartyPig had previously worked with WestBank, however, SmartyPig quickly outgrew WestBank and entered into a new arrangement with BBVA Compass so that SmartyPig users’ savings are placed in an FDIC insured account with BBVA Compass.

After you have joined SmartyPig, you can get $150 in extra cash by opening a new “Build to Order” checking account online. When you setup direct deposit with BBVA Compass, you’ll earn $75.00. Then, Sign up for online bill pay and earn $25 per month. You must pay at least five bills per month for three months to get the $25.

BBVA’s build to order savings account allows you as a user to pick the features that suit you best. You can start with a core group of features and add things such as a free Visa check card with rewards, free online banking, bill pay, etc.

This offer is only available in AL, AZ, CA, CO, FL, NM and TX with a minimum of $25 opening deposit. You have until August 31 to open an account eligible to receive the $150.

About SmartyPig:

SmartyPig is a consumer finance site where you can earn high interest on your savings goals and get cash back when making a purchase with premium retailers and top travel companies, all while never relying on credit cards. Family and friends can also help achieve financial goals by securely contributing to your account via social networks like Facebook. Launched in April 2008, SmartyPig has proven extremely popular with consumers throughout the U.S. and in Australia where it partnered with Australia and New Zealand Banking Group Limited (ANZ) to launch www.smartypig.com.au. To date, SmartyPig customers have opened savings accounts with more than $400 million in U.S. deposits and have reached more than $150 million in savings goals. The system is based on proprietary, patent-pending technology and features the latest in security standards. SmartyPig’s U.S. banking relationship is currently with West Bank, a subsidiary of West Bancorporation, Inc., until that relationship transitions to BBVA Compass. All funds held on deposit are FDIC insured up to the applicable legal limits. SmartyPig is based in Des Moines, Iowa.