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Have questions?
Call us at 877-346-2756
Sallie Mae Banking App
Anytime, anywhere account access
With features like:
- Deposit paper checks
- ATM access
- Bill pay
- Account access
- Alerts
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Introducing three smart ways to save from Sallie Mae.
Save for the future with top rates1 and no monthly fees. Compare your savings options
Account
Rates
Minimum Balance
Fees
Features
Money Market
Easy access to your funds, no minimums, and a top rate.
0.90% APY2
None.
No monthly maintenance fee.
No minimum deposit.
Check-Writing5
No monthly minimums
High-Yield Savings Account
Competitive rates and 10% annual Upromise® rewards match.6
0.80% APY3
None.
No monthly maintenance fee.
No minimum deposit.
10% annual match on Upromise rewards6
Certificates of Deposit
A great rate and a guaranteed return
1.50% APY4
$2500.
No monthly maintenance fee.
$2,500 minimum deposit.
Different Terms Available
Money Market
Rate: 0.90% APY2
Easy access to your funds, no minimums, and a top rate.
High-Yield Savings Account
Rate: 0.80% APY3
Competitive rates and 10% annual Upromise® rewards match.6
Certificates of Deposit
Rate: 1.50% APY4
A great rate and a guaranteed return.
1 Based on a February 27, 2014 review of competitor rates and APYs.
2 Advertised Annual Percentage Yield for the Money Market may change after opening, applies to personal accounts only, and is accurate as of . Fees could reduce earnings. Please refer to the Account Terms and Conditions Agreement for details.
3 Advertised Annual Percentage Yield for the High-Yield Savings Account may change after opening, applies to personal accounts only, and is accurate as of . Fees could reduce earnings. Please refer to the Account Terms and Conditions Agreement for details.
4 Advertised Annual Percentage Yield for Certificates of Deposit may change after maturity, applies to personal accounts only, and is accurate as of . A penalty may be charged for early withdrawal. Fees could reduce earnings. Please refer to the Account Terms and Conditions Agreement for details.
5 Federal Regulation D limits certain types of withdrawal and transfer transactions you can make from your Sallie Mae Savings or Money Market accounts to a maximum of six per monthly statement period per account. An Excessive Transaction Fee applies for each transaction that exceeds the limit. Please refer to the Account Terms and Conditions Agreement for details.
6 To be eligible for the 10% annual match on your Upromise earnings from Upromise you must link your High Yield Savings Account (HYSA) to your Upromise Account and, within 90 days of opening your HYSA, either: (1) set up an Automatic Savings Plan with a monthly deposit of $25 or more, or (2) fund the account with $5,000 or more. If you qualify for the 10% match based on having the minimum balance of $5,000 in your HYSA, you must maintain that minimum balance in your HYSA for the duration of the calendar year for which your earnings will be matched. Once you complete the steps above, Upromise will match 10% of your Upromise earnings posted as ”funded” to your Upromise Account during each calendar year. Your match will be deposited into your HYSA in the February after you have linked and funded your account as described above, provided that both accounts remain active and are in good standing at time of transfer. Visit the FAQs to learn more. Upromise may change or terminate the 10% annual match offer at any time without notice. Other terms and conditions may apply. Upromise accounts are not FDIC insured, carry no bank guarantee and may lose value.
Deposit products are offered through Sallie Mae Bank®, Member FDIC.
The Sallie Mae logo, Sallie Mae, and Sallie Mae Bank are registered service marks of Sallie Mae, Inc.
Upromise and the Upromise logo are registered service marks of Upromise, Inc.
WE RESERVE THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE. CHECK SALLIEMAE.COM FOR THE MOST UP-TO-DATE PRODUCT INFORMATION.