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Money market accounts are a great option if you're looking to maximize the amount of interest you can earn in a low-risk setting. You'll have easy access to your money, your account is insured up ...
SLM Corporation (commonly known as Sallie Mae; originally the Student Loan Marketing Association) is a publicly traded U.S. corporation that provides consumer banking.Its nature has changed dramatically since it was set up in the early 1970s; initially a government entity that serviced federal education loans, it then became private and began offering private student loans.
But you can find MMAs that earn the same APY, no matter your balance — like the Sallie Mae Money Market Account still paying out 4.20% APY with no fees or minimums — so it's worth shopping around.
Money market accounts (MMAs) Money market funds (MMFs) Provider. Banks and credit unions. Investment firms and brokers. Insurance. FDIC or NCUA up to $250,000
It was created mainly for two reasons: 1) to purchase student loans in the secondary market; and, 2) to securitize pools of student loans. [7] The objective is to create liquidity for these loans to increase their value to lenders, reducing the costs to borrowers in the process. [8] Sallie Mae's privatization began in 1997. [8]
Here are the money market accounts that made our top 10 based on their APY, minimum opening deposit, maintenance fees, and customer service options. The 10 best money market accounts for December 2022
The Better Business Bureau (BBB) is an American private, 501(c)(6) nonprofit organization founded in 1912. BBB's self-described mission is to focus on advancing marketplace trust, [2] consisting of 92 independently incorporated local BBB organizations in the United States and Canada, coordinated under the International Association of Better Business Bureaus (IABBB) in Arlington, Virginia.
Sallie Mae's Money Market Account Recognized as a Top Savings Option By Kiplinger's Magazine for the 3 rd Year Running NEWARK, Del.--(BUSINESS WIRE)-- Sallie Mae announced today its Money Market ...