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Chase Total Checking $200 Bonus Chase Total Checking $200 Bonus Chase Total Checking $200 Bonus
Home Bank Promotions

Sallie Mae Bank Online Money Market Earns 4.75% APY (Nationwide)

Tony Jay by Tony Jay
August 10, 2023 2:53 am CDT
in Bank Promotions, Banking
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Read about Sallie Mae banking promotions and offers for their money market account here.

  • Update 8/10/2023: Rate increased to 4.75% APY.
  • Update 7/27/2023: Rate increased to 4.50% APY.
  • Update 6/25/2023: APY rate increased to 4.25% APY.
  • Update 4/24/2023: Their APY rate increased again from 4.05% to 4.15%.
  • Update 3/29/2023: Their APY rate increased from 3.80% to 4.05%.
  • Update 3/14/2023: Their APY rate increased from 3.75% to 3.80%.
  • Update 2/27/2023: Their APY rate increased from 3.60% to 3.75%.
  • Update 2/3/2023: Their APY rate increased from 3.40% to 3.60%.
  • Update 12/27/2022: Their APY rate increased from 3.20% to 3.40%.

Sallie Mae, often thought of in terms of student loans, boasts one of the highest money market rates in the nation with no minimums or monthly fees.

Link a couple of their programs together and over time, you can build up a substantial amount for tuition, educational necessities or for something else altogether.

TRENDING DEAL:

▶ GET A $200 CASH BONUS FOR A NEW CHECKING ACCOUNT WITH CHASE

Sallie Mae Bank Money Market Account Details

  • Available nationwide
  • Minimum to open: None
  • Minimum for APY: $1
  • Monthly fee: None
  • No minimum balance required
  • Access to your money and write checks from the account
  • Rate compounded daily, paid monthly
Learn More at Sallie Mae Bank

READ MORE: GET TOP BONUSES FROM CHASE, AXOS, BANK OF AMERICA, TD BANK, AND BMO.

Bottom Line

Here’s a recap of this account:

  • Grow your money faster with a higher interest rate and no monthly fees
  • Earn interest at a higher rate than a traditional savings account with an online money market account
  • Access your money and write checks from the account
  • No minimum balance required
  • No monthly maintenance fees
  • Enjoy free transfers
  • FDIC-insured for your peace of mind
  • Convenient and easy online account management

Compare with more popular savings and money market accounts here.

READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.

Tags: best savingsonline savingssallie mae
TopCashback Bonus TopCashback Bonus TopCashback Bonus
Tony Jay

Tony Jay

Hey there! I'm Tony, a personal finance enthusiast.

If you're looking to maximize your savings, I've got you covered. From exclusive banking promotions and investing bonuses, to exciting credit card offers, I'll keep you in the loop on the hottest deals in town.

Join me here at MoneysMyLife and let's embark on this adventure together. Contact me here.

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Editorial Disclaimer: Opinions expressed here are author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
Disclaimer: These responses are not provided or commissioned by the bank advertiser, credit card issuer, hotel, airline or other entity. Responses have not been reviewed, approved or otherwise endorsed by any of the entities included within the post. It is not the bank advertiser's or any other entity's responsibility to ensure all posts and/or questions are answered.

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