SallieMae has recently moved to our #1 spot for online savings account rates. Right now they have a very flexible and lucrative online savings account offer that comes with with an APY of 1.10% APY. To put this offer in perspective, the national average sits at just 0.80% APY. Plus, the interest rate paid on this online savings product provides a higher APY than the current average for 12 month CDs (national avg. sits at 1.20% APY) and this one’s far more flexible because there are no minimum balance requirements or fees.

Like all money market and online savings accounts, this one comes with a variable interest rate that is subject to change at anytime without notice.

Open Online:

To open online you will need just your social security number and your drivers license. You can fund this account through several different ways, the most convient being an ACH transfer from a current bank.

Quick Facts from SallieMae:

• Earn 5X more on your savings
• No Minimum Balance — Easy to start
• No Monthly Fees — More Money to Save
• Daily Compounded Interest — It all Adds up
• FDIC Insured — Peace of Mind
• Deposits insured by the FDIC up to $250,000

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