Sallie Mae Savings Rate
Sallie Mae's savings account pays 3.40% APY as of September 10, 2026, checked 13 days ago. The rate was lowered from 3.50% on June 7, 2026. Since RateBrain began tracking it in 2010, this savings account has paid as much as 4.25% (Aug 2023) and as little as 0.70% (Feb 2021). It is currently above the median savings rate we track (3.33% across 64 banks).
3.40% APY
down from 3.50% on Jun 7
- Last checked
- Sep 10 · 13 days ago
- Minimum deposit
- None
Rate history
Now 3.40% APY
- All-time high 4.25% (Aug 2023)
- Low 0.70% (Feb 2021)
- 1-year change −0.50
- 57 changes
- Tracked since Apr 2010
- Full rate history »
The gray line is the median savings rate across the banks we tracked each month.
Rate changes
| Date | APY | Change |
|---|---|---|
| June 7, 2026 | 3.40% | −0.10 |
| April 12, 2026 | 3.50% | −0.10 |
| February 28, 2026 | 3.60% | −0.05 |
| January 16, 2026 | 3.65% | −0.25 |
| January 31, 2025 | 3.90% | −0.10 |
| January 12, 2025 | 4.00% | −0.10 |
| October 12, 2024 | 4.10% | −0.15 |
| August 4, 2023 | 4.25% | +0.25 |
| July 30, 2023 | 4.00% | +0.15 |
| July 7, 2023 | 3.85% | +0.10 |
| May 12, 2023 | 3.75% | +0.25 |
| March 25, 2023 | 3.50% | +0.10 |
| February 4, 2023 | 3.40% | +0.30 |
| November 11, 2022 | 3.10% | +0.40 |
| October 26, 2022 | 2.70% | +0.20 |
| October 12, 2022 | 2.50% | +0.25 |
| September 29, 2022 | 2.25% | +0.35 |
| September 25, 2022 | 1.90% | +0.10 |
| September 12, 2022 | 1.80% | +0.10 |
| September 4, 2022 | 1.70% | +0.05 |
Show all 57 changes
| Date | APY | Change |
|---|---|---|
| August 19, 2022 | 1.65% | +0.25 |
| August 11, 2022 | 1.40% | +0.31 |
| July 4, 2022 | 1.09% | +0.39 |
| February 9, 2021 | 0.70% | −0.10 |
| November 6, 2020 | 0.80% | −0.15 |
| October 12, 2020 | 0.95% | −0.05 |
| September 3, 2020 | 1.00% | −0.10 |
| August 18, 2020 | 1.10% | −0.05 |
| August 11, 2020 | 1.15% | +0.15 |
| July 1, 2020 | 1.00% | −0.30 |
| May 9, 2020 | 1.30% | −0.10 |
| April 18, 2020 | 1.40% | −0.10 |
| April 8, 2020 | 1.50% | −0.05 |
| March 28, 2020 | 1.55% | −0.05 |
| March 17, 2020 | 1.60% | −0.15 |
| November 7, 2019 | 1.75% | −0.05 |
| February 25, 2019 | 1.80% | +0.05 |
| October 10, 2018 | 1.75% | +0.20 |
| July 16, 2018 | 1.55% | +0.10 |
| June 13, 2018 | 1.45% | +0.60 |
| December 30, 2016 | 0.85% | −0.05 |
| June 21, 2016 | 0.90% | +0.05 |
| May 25, 2016 | 0.85% | −0.05 |
| April 21, 2016 | 0.90% | +0.10 |
| September 23, 2013 | 0.80% | −0.05 |
| April 5, 2013 | 0.85% | −0.05 |
| October 12, 2012 | 0.90% | +0.10 |
| August 10, 2012 | 0.80% | +0.05 |
| March 21, 2012 | 0.75% | −0.05 |
| March 8, 2012 | 0.80% | −0.05 |
| January 24, 2012 | 0.85% | −0.15 |
| October 3, 2011 | 1.00% | −0.01 |
| September 2, 2011 | 1.01% | −0.09 |
| March 9, 2011 | 1.10% | −0.15 |
| February 1, 2011 | 1.25% | −0.05 |
| November 9, 2010 | 1.30% | −0.10 |
| April 30, 2010 | 1.40% | first tracked |
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Copy linkOther Sallie Mae rates
- 6 Month CD3.20%
- 9 Month CD3.20%
- 11 Month CD4.10%
- 1 Year CD4.20%
- 13 Month CD4.20%
- 15 Month CD4.40%
- 18 Month CD4.30%
- 2 Year CD4.35%
- 30 Month CD4.35%
- 3 Year CD4.40%
- 5 Year CD4.40%
- Money Market Account3.60%
Other savings rates
- MySavingsDirect4.35%
- Betterment4.25%
- Newtek Bank4.20%
- Wealthfront4.20%
- Total Direct Bank4.01%
- Vio Bank4.01%
Please Note: We are not a bank or credit union and are not affiliated with any. The information above is provided 'as is' and solely for informational purposes, not for specific financial advice. While we aim to keep our information accurate and current, the rates and information shown on this page may be inaccurate or be out of date. Please check with banks directly for the most up to date and accurate information.