The Account

According to the comparison charts, the best rates being offered for money market accounts are currently around one percent, but the Sallie Mae money market account is offering even higher at 1.10% for your money.  This rate is almost seven times the nation average of interest rates that money market accounts offer.  This means your money will be earning even more money and you are able to access your money whenever you need to.  The Sallie Mae account offers the benefit of writing checks directly from your account.  There is a maximum of six withdrawals you are allowed to make each billing cycle, but access is still available if an emergency comes up.  Any electronic transfers made through this account are free, but still be aware of the limit of withdrawals you are allowed to make each month.

The Sallie Mae money market account doesn’t have any monthly fees and there is no minimum balance you are required to keep in the account.  Other money market accounts may offer high interest rates, but only on high account balances.  The Sallie Mae money market account doesn’t have tiered interest rates, which means you will be paid 1.10% APY on any amount of money you have in your account.  With no minimum required balance and no tiered interest rates, no matter the amount of money you keep in your Sallie Mae money market account, you will earn the 1.10% interest rate.  Plus, you won’t have to pay any of that earned money back in account fees.

Sallie Mae is an FDIC insured account.  This offers peace of mind in knowing that your money will be protected no matter what happens with the economy.  Your money will be insured up to the legal limit of $250,000 per insurer.

Online Access

The Sallie Mae money market account is available to access at anytime.  This allows you to know exactly what your account is doing at any time of the day.  You can access your account and manage it from where ever is comfortable and easily available.

The Sallie Mae money market account is a great way to make the most of your money.  You get the option to access your money at anytime, but still can actually earn interest off the money you have in the account.  If this account sounds like a good option for you, you can easily apply for this account online as well, through the Sallie Mae official website.  Act fast and start earning actually interest rates for the money you have invested in money market accounts.  The Sallie Mae money market account is a great option and one of the best money market accounts being offered.  Don’t miss out on these interest rates.

Sallie Mae

Even though the Sallie Mae savings account says no fees, there are of course fees that may occur if excessive withdrawals are made, or if there are insufficient funds. However, they are minimal, depending on how many times you exceed the limit of six. $10.00 per extra withdrawal from Sallie Mae’s savings account. Then $5.00 for a return deposit fee, which includes deposits, electronic deposits, and checks.

If you don’t believe the 1.40%APY, check it out for yourself at their website. Be sure to check out our reviews on the Sallie Mae CD, the Sallie Mae video review, and the Sallie Mae Bank Review. You will learn all about Sallie Mae accounts and rates.

Sallie Mae is FDIC insured