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Sallie Mae Bank is a consumer banking company with a mission of helping students and families save, plan, and pay for college. In addition to originating and funding private education loans, Sallie Mae Bank offers goal-based savings accounts, certificates of deposit, and money market accounts. Sallie Mae Bank is ranked among the Best Banks of 2016 by GOBankingRates.com and was named one of the Best Banks of 2016 for CD Accounts. Headquartered in Salt Lake City, Sallie Mae Bank is an FDIC-member industrial bank chartered in Utah.
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Funds in the SmartyPig accounts are deposited with BBVA Compass. BBVA Compass is
a trade name of Compass Bank, Member FDIC.
* Annual Percentage Yield (APY) is effective as of 8/17/2017. Balances $0.00 - $50,000.00 earn 0.748% (0.75% APY). Balances above $50,000.00 earn 0.748% (0.75% APY). Rates
may change at any time without prior notice.
** Percentage of cash boost on eligible purchases made with a SmartyPig
Cash Rewards Card is effective as of 8/17/2017. This rate is subject to change
at any time without notice.
Funds deposited on the SmartyPig Cash Rewards Card are deposited with First National
Bank of Omaha, Member FDIC, and do not earn you any interest.
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