SmartyPig is a website that helps you save to your goals. It's totally free, has a very good interest rate and is FDIC insured savings up to the maximum allowed by law!
SmartyPig helps users to avoid credit card debt by helping them focus on saving on big goals with a minimum goal of $250. Each month you must contribute at least $10 and your savings will gain interest. Once you've reached your goal the monthly deposits stop and you can do whatever your little heart desires from there. You can continue to save, convert it into a gift card or have in transfered into your bank account.
For you social media nuts, SmartyPig allows you to share your savings goal by email, by posting on a social-networking site like Facebook, or through the SmartyPig website. You can allow friends and family contribute to your account by using a credit card or a through an automated transfer from their bank.
SmartyPig is a great site to help you save for a specific goal not for an emergency fund. It can take up to a week to receive your funds so remember that when your setting up your account. I do like saving with a site such as SmartyPig rather than financing or using a store credit card.
If you have any experiences with SmartyPig please share! I'd love to know what you think about SmartyPig.