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Sallie Mae Money Market Account

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APY 4.20% Image
Min. Deposit $0 Image

Last updated on 2024-10-05

Sallie Mae Money Market Account Review

Pros Pros

Convenient online banking

Decent yields for money market account

No minimum initial deposit or balance

Able to write checks

Cons Cons

Limited branch access with only branch at Salt Lake City

Deposit Details Sallie Mae Money Market Account APY

  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

 

About Bank About Sallie Mae

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

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Sallie Mae Money Market Account Review

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