You may be familiar with Sallie Mae Bank because of its student loans, but it also offers banking solutions, including money market accounts. Its money market accounts feature high APY earning potential, along with check-writing privileges, no minimum balance and no monthly maintenance fees. The MMAs do not come with a debit card, though.
Sallie Mae money market account transfers are unlimited, but customers are limited to six withdrawals per month. Customers can add funds to their money market account by mobile deposit, direct deposit, ACH transfers and mailed checks. Withdrawals occur through transfers to linked accounts.
Read our full Sallie Mae Bank review.
Details
Interest on Sallie Mae money market accounts is compounded daily and paid monthly.