Available nationwide, Sallie Mae Bank is offering a 3.90% APY on its Money Market Account. Keep reading to learn everything you need to know about the attractive account and rate.
Update 3/6/25: The rate has decreased to 3.90% APY (from 4.10%).
Sallie Mae Bank Money Market Review
Sallie Mae Bank started as a government-sponsored enterprise, but in 2004, it became a fully privatized company. They believe in the power of education, and it drives everything they do. They create, innovate, and push boundaries every day to help you succeed and get you where you want to be.
I’ll review Sallie Mae Bank Money Market below.
Sallie Mae Bank Money Market Rate
When you sign up for their Money Market Account, you can start maximizing your savings and it takes just minutes to open an account online!
- Learn More at Sallie Mae
- Eligible account: Sallie Mae Money Market Account
- Credit Inquiry: Soft Pull
- Where it’s available: Nationwide
- Opening Deposit: None
- Monthly fee: None
- Early Termination Fee: None listed, check with CSR
How to Earn Sallie Mae Bank Rate
- Open a Sallie Mae Money Market Account either online or in branch
- Keep the account open and in good standing to accumulate interest
| Balance Requirement | APY Rate |
| $0.01+ | 3.90% APY |
Editor’s Notes:
- Keep in mind that writing a check & transferring are the two ways for you to access your funds with this account.
Sallie Mae Bank Account Features
- No minimum balance and no monthly maintenance fees
- Write checks from your account
- Free transfers and a maximum of six withdrawals per month
- FDIC-insured for your peace of mind
- Easy online account management
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Conclusion
Check out this great offer from Sallie Mae Bank. There are no minimum or monthly maintenance fees and you’ll earn interest at a higher rate than with a traditional savings account. Plus, you’ll still have access to your money and can write checks from the account.
This account is best for those who simply want a great interest rate with no monthly fees and unlikely to need customer service.
In addition to the rate from Sallie Mae Bank, check out our list of best rates Savings, Money Market, and CD accounts.
If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank, and many more.
Let us know about your experience with this bank and comment below.
Check back often to see the latest info on Sallie Mae Bank.
