UrbanTree123's Profile

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UrbanTree123 asked a question in SmartyPig on October 27, 2009 02:16:

Where can I access company statements that show how my money is being invested?
I'm wondering how SmartyPig is able to provide such a high rate of return right now when other banks cannot. I understand West Bank is the banking partner, but what is my money going into to return 2%? Where can I access company statements that show how my money is being invested?
UrbanTree123 replied on August 25, 2009 18:15 to the question "Interest accrued at 2.75 before the rate drop, compounded as such?" in SmartyPig:

Thanks!

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Paula asked a question in SmartyPig on August 21, 2009 22:21:

Interest accrued at 2.75 before the rate drop, compounded as such?
Hi there,

I'm happy to see employees answering questions here :) I love SP and I'm stickin' with it because I trust as the economy recovers, SP will still be on the top of the heap with rates.

My question is, as interest was accrued from July 1 to August 16th it was at 2.75%. Now it's at 2.01%. So when my interest compounds on August 31st, will I only get 2.01% for the entire quarter? Or will I receive 2.75% on my money up until Aug 16th, and 2.01% on it afterward?

(Please tell me it's the latter, or there'll be less love.)

Cheers!
UrbanTree123