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Sallie Mae SmartyPig Account

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APYUp to 4.25% Image
Min. Deposit $0 Image

Last updated on 2023-08-04

Sallie Mae SmartyPig Account Review

Pros Pros

Convenient online banking

Decent yields for savings account

No minimum initial deposit or balance

Useful goal-setting and tracking

Cons Cons

Lower yields for deposit balance of above $10,000

Limited branch access with only branch at Salt Lake City

Deposit Details Sallie Mae SmartyPig Account APY

  Interest Rate
$0.01 to $2.5k 4.25% APY
>$2.5k to $10k 4.25% APY
>$10k to $50k 4.25% APY
Above $50k 4.25% APY

 

Receive up to 4.25% APY on your Sallie Mae online SmartyPig savings account

Set specific savings goals and deadlines and SmartyPig makes it easy to track your progress with simple goal trackers

Compounded daily, paid monthly

Funding is strictly limited to electronic deposits

No minimum initial deposit

No minimum balance but $250,000 maximum balance

Sallie Mae reserves the right to close a dormant account with a balance of $1 or less with no activity for past 12 months

Free to join, save and withdraw

Earn a $10 reward for every friend you refer who opens a SmartyPig account, sets a goal and contributes to ii

During any calendar month or statement cycle of at least four weeks, you may make no more than 6 transfers and withdrawals. If you need to make more than six transfers or withdrawals in one monthly statement period, please call SmartyPig Customer Support

 

Click here to go to Sallie Mae website for more details

 

About Bank About Sallie Mae

Sallie Mae and its sibsidiaries (including Sallie Mae Bank and SLM Financial Corporation) is a publicly traded U.S. corporation headquartered in Salt Lake City that provides consumer banking focusing on private education loans. Online banking is available via app or website for all customers.

Sallie Mae can be contacted via mail or phone. Customers with questions about their SmartyPig account can reach SmartyPig customer support via phone on 877-751-6884 weekdays from 8am to 8pm ET

Sallie Mae is a member of FDIC which covers the deposits of a depositor to up to US$250,000

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Sallie Mae SmartyPig Account Review

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