Sallie Mae Bank Savings Account

Sallie Mae Bank is offering one of the best savings account rates available these days. The current savings account rate is 1.39 percent with an annual percentage yield of 1.40 percent. The minimum opening deposit is only $1.

Sallie Mae's "High-Yield Savings Account" is the highest savings account rate on our savings rate tables. Their savings rate is more than 4 times the national average savings rate. The current national average savings rate/mma rate is 0.327 percent for account balances of at least $2,500 as reported by Informa Research Services and

You can search our savings rate tables and money market rate tables at to find the highest savings rates and MMA rates available in your area.

High-yield savings account features include:

  • No Minimum savings account balance

  • No monthly fees

  • Interest earned is compounded daily

  • The online savings account is insured by the FDIC

One very unique feature of Sallie Mae's online savings account is the 10% annual match on Upromise earnings. More information and the current savings account rate can be found at //
Author: Brian McKay
May 14th, 2010
Posted in: Savings Accounts