Comments on: Sallie Mae Increases Interest Rate to 1.40% APY

By: jsbrendog

jsbrendog — Thu, 13 May 2010 21:32:41 +0000

fingers crossed online savings accounts are next

By: echidnina

echidnina — Wed, 12 May 2010 11:43:01 +0000

Okay, I cleared my cache and it went back to normal. So nevermind.

By: echidnina

echidnina — Wed, 12 May 2010 11:41:12 +0000

Okay, must be a problem on my end. Hm.

By: Joe

Joe — Wed, 12 May 2010 05:00:31 +0000

Hooray! Interest rates are finally starting to up instead of down.

By: zapeta

zapeta — Wed, 12 May 2010 01:12:59 +0000

Well, its nice to see rates go up for once. Maybe this will start an upward trend.

By: eric

eric — Tue, 11 May 2010 23:56:05 +0000

I don’t see anything wrong….

By: Jay

Jay — Tue, 11 May 2010 23:07:58 +0000

These rates tend to fluctuate and normalize over time. Many of these banks will throw out the highest rate and over the next couple of years bring it down to where everyone else is. Ally is consistently in the top ten as far as rates are concerned and they offer interest checking, money markets, savings, and CD’s with 24 customer service. Discover is consistently up there too, but they do not offer checking products.

By: Anthony

Anthony — Tue, 11 May 2010 22:02:11 +0000

@echidnina: I see no issues…

Like Arvin, the rates are tempting. However, I am currently with Ally and am very satisfied. Should I chance switching to Sallie Mae?

By: Jim

Jim — Tue, 11 May 2010 21:32:29 +0000

Sounds like you want to be cynical just to be cynical, bank deposits are FDIC insured.

By: echidnina

echidnina — Tue, 11 May 2010 20:59:31 +0000

Hey Jim, I think your stylesheeet might be broken… Anyone else experiencing this issue, or is it just me?

By: Arvin Bautista

Arvin Bautista — Tue, 11 May 2010 20:10:53 +0000

This sounds really tempting since I do use upromise but haven’t saved much as a result of it… the question is can I be bothered to start another savings account? (I currently have an ING savings and checking account supplementary to my BoA checking account I use primarily).

By: charlie

charlie — Tue, 11 May 2010 19:43:50 +0000

My only concern with them is that they may feel the need to pay my student loans for me with the money in the savings account.

I wouldn’t put it past them.

By: billsnider

billsnider — Tue, 11 May 2010 19:15:00 +0000

Can we trust them to do as good a job with this as they did with home mortgages?

Bill Snider