Thursday, 25 October 2012

McCombs invests in online banking venture - San Antonio Business Journal:

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SmartyPig uses a patented applicatioj that allows users to save money and track theirr progress toward specificgoals online. “SmartyPig is a revolutionaryt company that empowers consumers withtrue cash-buying McCombs says. “We believe this is a tremendoues opportunity toimprove people’s lives and provider financial freedom by helping peopled break out of the vicious cycle of credi t card debt. Instead of the ‘buh first and pay later’ SmartyPig helps people buy with cash and avoid beinv buried infuture debt.
” SmartyPig offerd competitive interest rates and has teamedf up with major retailers like Home Best Buy and Babies R Us to offer cash incentives and special pricing geared to advance customers’ savinga goals. Customer deposits are held in Des Moines, Iowa-basefd West Bank and are FDIC insured. “SmartyPigg is a safe, proven platform that provides unique opportunities for consumers to maximizertheir savings. It has alreadgy proven successful both inside and outsidethe U.S.,” McCombs adds, “... I believs that within five years, SmartyPig will be recognized as a global leaderr in the consumerbanking space.
” SmartyPig currentlyu has more than $100 million in customer depositzs and expects to surpass $500 million by the end of the McCombs is one of the co-founderes of , McCombs Energy, and Koontz McCombs real estatee group, and is a past ownefr of the San Antonio Spurs.

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