Sallie Mae Bank invites consumers to take advantage of their high interest rate money market account. The bank lets you earn an interest rate of 1.15% APY on any balances of this money in the bank opportunity. You are not required to have any minimum balance deposit to open an account and enjoy this top money market rate. Some of the perks that you can enjoy with this money market accout are the following:

• no monthly service fees
• no monthly balance requirement
• the interest rate is not tiered
• free online banking

The money market account earnings are compounded daily and paid every month. Interested individuals who want to apply may complete the online application. Once you have a money market account, you may visit the bank’s website for the current rates since the rate listed above may change anytime without prior notice. You may also want to contact Sallie Mae Bank thru their customer service line for information with regard to interest rates and applications at 888-272-5543.

Sallie Mae Bank is headquartered in Salt Lake City in the state of Utah. They are also considered as the 13th largest bank in Utah. The bank started providing their services in November 28, 2005. The growing company already has a net operating income of $16 million and has a total of $7.6 billion in declared assets.

Sallie Mae Bank is insured with Federal Deposit Insurance Corporation and has a certificate number of 58177.