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Money Market

Sallie Mae Bank Customers

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And with no monthly maintenance fees and interest rates that aren't tied to your balance, you can keep your money growing for the future.
What You Get:
  •  % Interest Rate
  • A rate that's 11X the national average
  • Check writing directly from your account
  • No minimum balance and no monthly fees
  • No tiered interest rates
  • Easy online account management, 24 hours a day
  • An account that's FDIC Insured, for your peace of mind

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

Rates & Interest

Rates on all Balances

0.90% Annual Percentage Yield2 (APY)
0.90% Interest Rate2

Interest

Compounded daily, paid monthly

Balances & Fees

Minimum Balance

None

Monthly Fees

None

Withdrawals

Maximum of six withdrawals per month.3

Electronic Transfers

Free

Open an Account  

 
 

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

2 Advertised Interest Rate and Annual Percentage Yield for the Money Market 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.

3 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.

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.