Sallie Mae Upromise Review?

Sallie Mae's Upromise program now on mobile devices

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Upromise by Sallie Mae Dream Wall Contest Awards $20000 to Help Families ...

“We are so grateful that Upromise allowed us to share our daughter’s story,” says Kiley’s mom, Lori Griggs, of Newport-Richey, Fla. “This will change Kiley’s life and future. She is a bright girl, and we are thankful for what this money will let Kiley do.”

Each week during the 10-week contest, one member won $1,000 to encourage their child’s dream. “My son is a pitcher for the Oklahoma State University baseball team. He wants to be a physical therapist. This money will help with his tuition,” said Shelly Wilson, a $1,000 winner from Cushing, Okla. “My dream is to support him through school to become a successful professional in the game of life.”

Amy Ruta, another $1,000 winner from Haddon Twp, N.J., is saving for college for her four kids. “I asked my kids what they dream about. My twins both want to be archeologists, my six-year old wants to be a veterinarian, and my 12-year old wants to be President one day. They’re all going to need college!”

Sallie Mae Bank Online Savings Account Review

When you mention the term Sallie Mae, the first thing that comes to mind is probably student loans. While student loans are a large part of their business model, they also have a solid online savings account worth considering as a primary option, especially if you are saving money for college. That may sound ironic considering they are one of the largest holders of student loans in the US, but in a minute I’ll show you how Sallie Mae can help you put your college savings on overdrive!

Sallie Mae Bank Online Savings Account Review

When it comes to basic features, Sallie Mae is similar to most online banks. No minimum deposits, no monthly fees, and full FDIC insurance. Sallie Mae also offers easy online access, automatic deposits, transfers, and other standard online banking features.

What makes Sallie Mae online savings account attractive?

There are two features that set Sallie Mae above other online banks – their high yield interest rates and their Upromise college savings match (more on this in a moment).

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