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Money Market

And with no monthly maintenance fees and competitive interest rates, you can keep your money growing for the future.

What you get:

  • 0.90% Interest Rate2
  • A rate that's 11X the national average1
  • Check writing directly from your account3
  • 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% Annual Percentage Yield2 (APY)
  • 0.90% Interest Rate2

Interest:   Compounded daily, paid monthly

Balances & fees

Minimum balance: None

Monthly fees: None

Withdrawals

Electronic transfers: Free

Withdrawals: Maximum of six withdrawals per month3

 

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Sallie Mae Bank Customers

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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 National statement savings rate courtesy of Bankrate.com's 2015 Passbook & Statement Savings Study, as of 10/07/2015. The terms and conditions of the Sallie Mae Money Market account may be different than the savings accounts compiled by the study.

2 Advertised Interest Rate and Annual Percentage Yield (APY) for the Money Market account are variable and 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, 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.

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

Sallie Mae, Sallie Mae Bank and the Sallie Mae logo are service marks or registered service marks of Sallie Mae Bank or its subsidiaries.

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.