Last updated on 2024-10-09
Convenient online banking
Decent yields for savings account
No minimum initial deposit or balance
Useful goal-setting and tracking
Lower yields for deposit balance of above $10,000
Limited branch access with only branch at Salt Lake City
Interest Rate | |
---|---|
$0.01 to $2.5k | 4.10% APY |
>$2.5k to $10k | 4.10% APY |
>$10k to $50k | 4.10% APY |
Above $50k | 4.10% APY |
Receive up to 4.10% APY on your Sallie Mae online SmartyPig savings account
Set specific savings goals and deadlines and SmartyPig makes it easy to track your progress with simple goal trackers
Compounded daily, paid monthly
Funding is strictly limited to electronic deposits
No minimum initial deposit
No minimum balance but $250,000 maximum balance
Sallie Mae reserves the right to close a dormant account with a balance of $1 or less with no activity for past 12 months
Free to join, save and withdraw
Earn a $10 reward for every friend you refer who opens a SmartyPig account, sets a goal and contributes to ii
During any calendar month or statement cycle of at least four weeks, you may make no more than 6 transfers and withdrawals. If you need to make more than six transfers or withdrawals in one monthly statement period, please call SmartyPig Customer Support
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 SmartyPig account can reach SmartyPig customer support via phone on 877-751-6884 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