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Money Market Account

Keep your money growing for the future

What you get:

  • 0.90% Interest Rate1
  • A rate that's 11X the national average3
  • Check writing directly from your account2
  • No minimum balance and no monthly fees
  • 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:

  • 0.90% Interest Rate1

Interest:   Compounded daily, paid monthly

Balances & fees

Minimum balance: None

Monthly fees: None

Withdrawals

Electronic transfers: Free

Withdrawals: Maximum of six withdrawals per month2

 

Open Account  

 

 
 

Sallie Mae Bank Customers

Manage your account

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Have questions?

Get help deciding which account is right for you.
Call us at (877) 346-2756(877) 346-2756


Browse Savings and CDs FAQs


A Fresh Financial Start for Your Wallet!

The Upromise MasterCard®: earn cash back on every purchase to help pay down your eligible student loans.

Upromise MasterCard

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See Terms and Conditions

 
 

1 Advertised Interest Rate and Annual Percentage Yield (APY) for the Sallie Mae Money Market Account are variable and may change after account 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 Federal Regulation D limits certain types of withdrawal and transfer transactions you can make from your Sallie Mae Money Market Account(s) to a maximum of six per monthly statement period per account. An Excessive Transaction Fee applies for each transaction that exceeds the limit, but no more than seven Excessive Transaction Fees shall ultimately be charged per monthly statement period. Should you make more than seven Excessive Transactions during a monthly statement period, the additional Excessive Transaction Fees will be credited to you during the following monthly statement period. Please refer to the Account Terms and Conditions Agreement for details.

3 National statement savings rate courtesy of Bankrate.com's 2016 Passbook & Statement Savings Study, as of 4/13/2016. The terms and conditions of the Sallie Mae Money Market account may be different than the savings accounts compiled by Bankrate.com.

Deposit products are offered through Sallie Mae Bank, Member FDIC.

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.