SmartyPig Savings Account from Sallie Mae

Although Sallie Mae Bank is more geared toward student loans, it also offers other financial products. With the SmartyPig savings account, you have the opportunity to save for your short- and long-term goals. It is a simple, no-fee, FDIC-insured instrument.

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Commissions

Account management:	$ 0
Check deposit:	Consult
Check writing:	Consult
Transfers:	$ 0

Profitability

APY:	3.50%
Rate of interest:	Fixed
Interest settlement:	Monthly

Advantage

Checkbook:	No checkbook

Additional information of SmartyPig Savings Account

Sallie Mae Bank's SmartyPig savings account is available to those who are legally residing in the United States, are of legal age (18+) and have citizenship or green card. As for its application, you only have the 5-step online process on its official website.

The most attractive feature of this interest-bearing savings account is that you can open it with just $0.01 and your balance is remunerated with a high yield of 3.50% APY, well above the average savings account.

Additionally, the interest on this banking product is calculated daily and deposited at the end of the month. This account has no fees to operate and rewards you through the "Refer a Friend Program":

You get $10 for each referral and up to a maximum of $1,000. You must enter the person's email in the online form, with the link they send you or by using the guest promotional code. The referral must open a SmartyPig account and deposit at least $25 within 30 days of receiving the invitation.

Please note that this savings account has a federal limitation of 6 monthly withdrawals and for any excess you must call customer service 1-(877) 751-6884. Please note that you can only make EFT deposits, as this bank does not accept checks, cash or money orders.

Sallie Mae's SmartyPig savings account is designed to help you focus on saving to achieve the goals you have set for yourself. Also, with Busconomic you can check out other savings accounts with good returns for your money.

Español: Cuenta de ahorro SmartyPig de Sallie Mae

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