With a money market account, you earn interest at a higher rate than with a traditional savings account. Plus, you'll still have access to your money and can write checks from the account.

Competitive interest rate

0.50%APY (Annual Percentage Yield)1

Compounded daily, paid monthly

More features of our Money Market Account

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No minimum balance and no monthly maintenance fees

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Write checks from your account

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Free transfers

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FDIC-insured for your peace of mind

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Easy online account management

Sallie Mae named one of the best savings accounts, money market accounts and CDs for 2021.

GOBankingRates named Sallie Mae as one of the top online banks, recognizing its products' high interest rate and no monthly fees.

Have questions about our Money Market Account?

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Call us at 

877-346-2756

Our normal business hours are 9 a.m. to 6 p.m. ET Monday through Friday.


1. Annual Percentage Yield (APY) for the Sallie Mae Money Market Account is variable and may change after account opening, applies to personal accounts only, and is accurate as of 12/07/2021. Fees could reduce earnings. Please refer to the Account Terms and Conditions Agreement for details. 
Deposit products are offered through Sallie Mae Bank, Member FDIC.
SALLIE MAE RESERVES 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.