Last updated on 2024-10-05
Convenient online banking
Decent yields for money market account
No minimum initial deposit or balance
Able to write checks
Limited branch access with only branch at Salt Lake City
Interest Rate | |
---|---|
$0 & Above | 4.20% APY |
Receive 4.20% APY on Sallie Mae online money market account
Compounded daily, paid monthly
No minimum initial deposit
Sallie Mae reserves the right to close a dormant account with a balance of $100 or less with no activity for past 12 months
Easy online account management
Write checks
Free transfers and maximum of 6 withdrawals per month after which $10 excessive debits fee will be charged for each item that exceeds the maximum number of transactions (capped at 6 transactions)
Click here to go to Sallie Mae website for more details
Sallie Mae and its sibsidiaries (including Sallie Mae Bank and SLM Financial Corporation) is a publicly traded U.S. corporation headquartered in Salt Lake City that provides consumer banking focusing on private education loans. Online banking is available via app or website for all customers.
Sallie Mae can be contacted via mail or phone. Customers with questions about their savings products can reach Sallie Mae via phone on 877-346-2756 weekdays from 8am to 8pm ET
Sallie Mae is a member of FDIC which covers the deposits of a depositor to up to US$250,000