Sallie Mae Bank has remained competitive as interest rates continue to dwindle. Their online experience isn't great, but it's pretty good. Pretty easy to open multiple accounts for multiple savings goals. ACH in/out seems reasonably fast.
I opened a savings account and deposited several thousand dollars. When I applied for one of their credit cards months later I was turned down. I'm now moving my savings to another bank.
Easy to get Sallie Mae loans, but just wait till its time to repay them. My son and his wife's monthly payment to Sallie Mae is nothing short of a mortgage payment amount. Following college, they both have minimum wage jobs, even after getting bachelor degrees. Sallie Mae doesn't care how much they make. They refused to take partial payments, and yet there is no way these two make enough to pay what Sallie Mae expects each month. Interest has been tacked on, even as Sallie Mae refuses to take any partial payments, and they now owe more than they will ever make in their lifetime. Yet still Sallie Mae refuses to work with them. It seems Sallie Mae would rather they live on the streets homeless in order to pay them. Their credit is ruined because of Sallie Mae's refusal to work with them. It seems downright stupid that Sallie Mae would not take something in payment rather than no payment at all. And when you try to contact them, be prepared to sit and wait for a long time for customer service, only to have them unable to do anything to help you - if they don't yell at you or if you can understand them at all