Home › Compare savings › Sallie Mae Money Market Account
Account review
Sallie Mae Money Market Account review
Best for: Check-writers who want a higher MMA yield with no minimums.
Sallie Mae pays 3.60% with no minimum to open, no monthly fee, and check-writing — the highest no-minimum money market yield in our set.
How we make money (or don't): BidAsk currently has no affiliate relationships
with these banks and earns no commission if you open an account — the links below go directly
to each provider's own site, except the Marcus savings link, which is a personal referral link:
if you open a Marcus Online Savings Account through it, you earn an extra 1.00% APY for 3 months
(per Marcus's referral terms) and the site's publisher earns the same rate boost on his account.
See our full disclosure.
APY
3.60%
Minimum to open
$0
Minimum to earn APY
$0
Monthly fee
$0
FDIC insured
Yes
Access: Checks (no debit card)
Rate note: Bankrate, as of 10/1/2026.
Standout features
- 3.60% with $0 to open and $0 minimum to earn.
- Check-writing included at no cost.
- No monthly fees.
Honest drawbacks
- No debit card or ATM access — checks only.
- Can't deposit cash.
- Online-only bank; Sallie Mae is better known for student loans than banking.
Open an account at Sallie Mae Bank →
Link goes directly to Sallie Mae Bank's own site. Rates verified November 2026. Banks change APYs without notice — confirm the current rate on the provider's site before opening an account.
Sources
- Sallie Mae money market (official) (checked Sep 2026)
- Bankrate: best money market rates, Sep 2026 (checked Sep 2026)
Keep comparing
Ally Money Market Account
Best for: Savers who want checks and a debit card with their yield
APY: 3.20%
Quontic Money Market Account
Best for: Digital-first savers who want the top MMA yield here
APY: 3.90%