Kiplinger's names Sallie Mae best money market account

Thursday, December 22, 2011 8:08 am EST

Dateline:

NEWARK, Del.

Public Company Information:

NASDAQ:
SLM

Sallie Mae announced today that its Sallie Mae Money Market Account has been recognized in the December issue of Kiplinger’s Personal Finance Magazine as the “Best Money Market Account of 2011.” Sallie Mae was selected for its market-leading savings interest rates, no minimum balance or monthly fee, full service mobile banking, and check writing. This is the second consecutive year Sallie Mae’s banking products have been recognized by Kiplinger’s.

Sallie Mae’s Money Market account holders earn a 1.00% APY, 10 times the national average. Launched in 2010, Sallie Mae direct banking products are FDIC-insured and include online savings accounts and Certificates of Deposit through Sallie Mae Bank.

Free mobile banking features enable customers to check balances, transfer funds, pay bills, and remotely deposit checks online and with smartphones. A downloadable free app is also available for customers with an iPhone.

More information is available at www.banking.salliemae.com.

Federal regulations limit you to six withdrawal and transfer transactions per month from your Sallie Mae Money Market account.

Sallie Mae (NASDAQ: SLM) is the nation’s No. 1 financial services company specializing in education. Celebrating 40 years of making a difference, Sallie Mae continues to turn education dreams into reality for American families, today serving 25 million customers. With products and services that include 529 college savings plans, Upromise rewards, scholarship search and planning tools, education loans, insurance, and online banking, Sallie Mae offers solutions that help families save, plan, and pay for college. Sallie Mae also provides financial services to hundreds of college campuses as well as to federal and state governments. Learn more at SallieMae.com. Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.

Contact:

Sallie Mae
Deborah Hohler, 617-454-6741