Sallie Mae Home  Undergraduates  Smart Option Student Loan  Career Training Smart Option Student Loan  Graduates  Smart Option Student Loan  Medical Residency & Relocation Loan  Dental Residency & Relocation Loan  Bar Study Loan  K-12  Banking  Insurance  Credit Cards  Upromise Rewards  Plan for College  Saving for College  Scholarships for College  College Grants  Financial Aid  Types of Student Loans  The College Planning Toolbox  Contact Us  Feedback  Full Site 
Manage & Pay Loans  Banking  Upromise Rewards  Activity Center Login  Complete Your Application  Check Your Loan Status  eSign Your Loan  Cosign Existing Loan 

Our site is not vulnerable to Heartbleed. Click here for more information.

High-Yield Savings Account

Sallie Mae Bank Customers

Manage Your Account


Have Questions?

Get help deciding which account is right for you.

Keep In Touch

If you'd like to be updated on our products and services please provide your contact information below

First Name

Last Name



By providing my email address, I authorize Sallie Mae and any affiliates to which it shares this email address to send me commercial messages at such email address.

Reach your goals faster. Open a High-Yield Savings Account and start earning more on your savings.
What You Get:
  •  % Interest Rate
  • A rate that's 10X the national average
  • No minimum balance or monthly fees
  • FDIC-insured peace of mind
  • 10% annual match on Upromise® earnings
  • Easy online account management, 24 hours a day

Maximize your savings. It takes just minutes to open an account online.

Rates & Interest

Rates on all Balances

0.80% Annual Percentage Yield1 (APY)
0.80% Interest Rate1


Compounded daily, paid monthly

Balances & Fees

Minimum Balance


Monthly Fees



Maximum of six withdrawals per month.6

Electronic Transfers


Save Even More with Upromise
  • Earn a 10% annual match on your Upromise earnings with the High-Yield Savings Account
  • Turn your everyday purchases into more rewards for your savings.
  • Invite your friends and family to join Upromise and contribute to your earnings
You can use your Upromise earnings several ways:
  • Transfer them to your High-Yield Savings Account
  • Request a check
  • Help pay down your eligible Sallie Mae student loans

Open an Account  


1 Advertised Interest Rate and Annual Percentage Yield for the High-Yield Savings Account may change after opening, apply to personal accounts only, and are accurate as of . Fees could reduce earnings. Please refer to the Account Terms and Conditions Agreement for details.

2 National statement savings rate courtesy of's 2013 Passbook & Statement Savings Study, as of 10/23/2013.

3 Based on a February 27, 2014 review of competitor rates and APYs.

4 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.

5 Subject to $10 minimum monthly transfer amount.

6 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.

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.