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Sallie Mae Online High-Yield Savings Account at 1.40% APY
Posted by: RateAPY Bank Rates News
June 3rd, 2010
Opening a savings account and having money automatically transferred into the account from each paycheck can be the fastest way to painlessly build an emergency savings fund. Automatic transfers can help you stay on a budget and limit your unnecessary spending.
Online Savings Accounts Make Saving Easier
Savings accounts used to require an in-person visit to your local bank branch, but today’s online banking gives everyone access to hundreds of banks, each with different interest rates and terms.
Sallie Mae’s Online High-Yield Savings Account, currently earning the high interest rate of 1.40% APY, is a safe, FDIC-insured place to keep your money. Interest is compounded daily so it grows faster. Sallie Mae does not charge any monthly fees and has no minimum balance requirements.
Accountholders can link the savings account to a Upromise account and earn a 10% match of Upromise earnings by either setting up an automatic $25 monthly savings deposit or funding the account with $5,000.
Comparing savings account rates and terms online can earn you the highest interest rates with the lowest fees.
- Posted in Bank Deals | Bank News | Interest Rates | Savings
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