Rate checked November 8, 2026 (today)
Sallie Mae Bank money market rate: 4.00% APY
Sallie Mae Bank's money market account pays 4.00% APY. That ranks 3rd of the 17 banks we track for this account. The best is 4.05% at CFG Bank.
- APY
- 4.00%
- Last change
- Up 0.40 pts
- Nov 7, 2026
- Last checked
- today
- Nov 8, 2026
- Minimum deposit
- None
What it earns on $25,000
At 4.00%, $25,000 earns about $1,000 in a year.
The best rate earns about $1,013 on the same money. Choosing Sallie Mae Bank instead gives up about $13 a year.
The middle rate across 17 banks is 3.50%. Sallie Mae Bank lists a no minimum to open. Figures are one year of interest at today's rate, before taxes. Rates can change at any time.
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Sallie Mae Bank money market account rate over time
- All-time high
- 4.00%Oct 21, 2026
- All-time low
- 3.50%Aug 4, 2026
- Changes
- 26
- Tracked since
- Aug 4, 2026
High and low cover the history we hold (the last two years at most), not the whole life of the account.
Sallie Mae Bank money market account rate history
This rate has changed 26 times since we began tracking it on August 4, 2026.
| Date | APY | Change |
|---|---|---|
| November 7, 2026 | 4.00% | +0.40 pts |
| November 4, 2026 | 3.60% | -0.40 pts |
| November 3, 2026 | 4.00% | +0.40 pts |
| October 23, 2026 | 3.60% | -0.40 pts |
| October 21, 2026 | 4.00% | +0.40 pts |
| October 19, 2026 | 3.60% | -0.25 pts |
| October 17, 2026 | 3.85% | +0.25 pts |
| October 13, 2026 | 3.60% | -0.25 pts |
| October 12, 2026 | 3.85% | +0.25 pts |
| October 9, 2026 | 3.60% | -0.25 pts |
| October 8, 2026 | 3.85% | +0.25 pts |
| October 4, 2026 | 3.60% | -0.25 pts |
Banks that pay more
- CFG Bank4.05%
- Zynlo Bank4.05%
Other Sallie Mae Bank rates
Questions
What is Sallie Mae Bank's money market account rate?
Sallie Mae Bank pays 4.00% APY on its money market account, based on its own rate page when we last checked. That earns about $1,000 a year on $25,000.
Is Sallie Mae Bank's money market account rate good?
It is 3rd of the 17 banks we track for this account. The best tracked rate is 4.05% at CFG Bank, and the middle rate is 3.50%. On $25,000, the best rate earns about $13 a year more.
Which banks pay more than Sallie Mae Bank?
CFG Bank (4.05%), Zynlo Bank (4.05%) pay more for this account. Rates change often, so check the bank's own page before you open one.
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General information only. These rates are tracked from public pages, so confirm the rate, fees and requirements with the bank before you open an account. SwitchWize is not a bank and does not give financial advice.