RateAPY

Sallie Mae Money Market Account at 1.00 percent APY

Posted by: RateAPY Bank Rates News
December 19th, 2011

A money market account can be a good option if you are building an emergency fund and need to earn interest while keeping your money safe and accessible.

One of the best money market accounts around in terms of simplicity and interest earnings is the Sallie Mae Money Market Account. Sallie Mae, known best for its student loan products, also offers online-only personal bank accounts. The bank’s money market account has no minimum balance requirement and no monthly maintenance fee. All account balances, no matter how large or small, earn 1.00 percent APY and all funds are FDIC-insured to the maximum limit of $250,000 per depositor.

Compare money market account rates and terms to find the best deal for you.