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Although you may associate Sallie Mae with student loans, it also offers four high-yield savings products with no monthly maintenance fees. But there’s only one branch location and no checking account options.
Sallie Mae has a small selection of savings accounts and CDs for individuals, along with personal loans, student loans, credit cards and college planning resources.
Sallie Mae is an online bank with an impressive range of high yield, low fee savings accounts and CDs, in addition to student loans, personal loans, credit cards and college planning resources. You won’t find any checking accounts or bank branches with Sallie Mae, but its high APYs may make up for it.
Contact Sallie Mae Bank weekdays from 8 a.m. to 8 p.m. ET by:
If you prefer to keep your checking and savings with one bank, compare popular accounts from other institutions:
Sallie Mae CDs offer decent rates and a wide variety of term options.
A fee-free online savings account with a 2.1% APY.
It comes with personal checks, mobile banking and a respectable APY, but transfers and support are both limited.