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Robert
Robert (@guest_601082)
May 31, 2018 17:40

This account is no longer listed as a Upromise transfer option and the webpage (upromisegoalsaver.com) shows a maintenance page. Anyone have any idea what’s up?

Brocko
Brocko (@guest_601149)
May 31, 2018 22:49

They are getting rid of it. Anyone who has an account will be switched over to a smarty pig account on June 30 and they will no longer be able to transfer upromise earnings into the account. The website (upromisegoalsaver.com) is still working for me.

Robert
Robert (@guest_601080)
May 31, 2018 17:39

The Upromise website no longer lists this account as a transfer option and the account’s page (upromisegoalsaver.com) shows a “maintenance in progress” page. Anyone know what’s going on?

Danny
Danny (@guest_576146)
March 31, 2018 10:03

Hey  Chuck I’m wondering.. Do you think you can open this account.. and keep it at a 0.01 balance.. and a few days before the 3rd anniversary.. transfer $5,000 into the account for the $100 bonus? lol I’m genuinely curious if I am understanding it correctly. Because even with a three year wait time.. it seems like this would be an easy $100

Thanks

EastsideBK
EastsideBK (@guest_578637)
April 6, 2018 09:45

Danny, heed anthonyjh21’s advice above carefully. UPromise customer service is awful and while your idea seems legit per the bonus language, I’m guessing the $100 bonus won’t automatically post.

I have had to make NUMEROUS calls to UPromise Customer Service about the $10 GoalSaver bonus which didn’t post automatically despite me following the terms. I also am unable to get my 10% Upromise match as well for 2017. As I noted above, I think they changed their terms on this without telling anyone. (Unfortunately, I don’t have a screenshot to back this up). With that said, I can’t really tell you why I’m still wasting my time for a few bucks. 🙂

YMMV whether you get the $100 bonus or not. My advice would be give it a shot if you have $5,000 to spare and don’t mind wasting your time making numerous calls to Customer Service when you don’t get it.

Brocko
Brocko (@guest_598722)
May 24, 2018 13:15

I think you are exactly correct. Both years I’ve had to contact them to get the $10 and 10% match for my account. They won’t give my wife her $10 or 10% bonus this year because they changed the terms and now the transfer has to be initiated FROM your Upromise account.

Of course, none of this matters anymore since they are changing everyone over to a smartypig account at the end of June.

I’m trying to find out when they first offered this account because I think they are switching before they have to pay anyone the $100 bonus on their 3rd year.

Seems like a bait and switch to me.

IOException
IOException (@guest_287804)
August 24, 2016 18:06

It’s important to note the GoalSaver is NOT FDIC insured.

Dave
Dave (@guest_293524)
September 10, 2016 10:47

What do you mean? It says FDIC insured multiple times right on the front page: https://www.salliemae.com/banking/goalsaver/

IOException
IOException (@guest_295815)
September 16, 2016 02:42

Yeah, I was reading the fine print and got confused. I think they mean the Upromise account isn’t FDIC insured.

Eric
Eric (@guest_167648)
September 4, 2015 10:24

Chuck,

It appears like you are confusing “Sallie Mae” with “Upromise”. The HYS account is from Sallie Mae, not Upromise. Am I correct that if I am already doing the $25 auto transfer all I need to do is add $5K a few weeks before the 3 year anniversary? Also, what is the 3 year anniversary of exactly? I’ve already had my Upromise account for longer than that.

Eric
Eric (@guest_167686)
September 4, 2015 11:49

Yeah, I received an email about this the other day. I didn’t get a chance to analyze it but I’m guessing it is unrelated to the Sallie Mae HYSA.

R.
R. (@guest_167736)
September 4, 2015 14:12

Both products are backed up by Sallie Mae, so I think it’s mostly a rebranding — but would love to get the $10 and $100 bonus without opening a new account!

@Will/Chuck, please do contact Upromise to ask them about what happens with SallieMae HYSA holders. Nothing in their FAQ about grandfathering.

anthonyjh21
anthonyjh21 (@guest_167771)
September 4, 2015 15:45
  R.

Yeah, I think you hit it on the nose. It appears to be an alternative to the standard HYS account and not complimentary.

Also, I’ve found nothing that informs me whether or not I can only have one or the other (or both). The HYS account gives a 10% yearly matching bonus on all funds fed to it by Upromise. I have my Sallie Mae cc points go through Upromise, which are then fed into the HYS. It would be great if I didn’t have to sacrifice the value here and possibly have both the goalsaver and the HYS.

Unfortunately I’m not counting on their support to accurately explain the details of the program. If they’re using the same outsourced support as Upromise, you’re looking at week long email turnaround and mediocre at best phone support.

Dave
Dave (@guest_218227)
January 18, 2016 11:51

I had the HYSA and was able to open the GoalSaver account when it became available in Sep. The benefit of having both accounts was the difference in terms of the bonus. HYSA would award the bonus on all posted Upromise transactions, regardless of whether they were subsequently deposited. GoalSaver’s terms say the 10% bonus is on Upromise money deposited into it. So for a while it was possible to get a 20% bonus on Upromise by having those 2 accounts. Sadly the party ended on Jan 1, 2016 when the match for the HYSA also became based on the amount of money deposited, not just posted to Upromise (see https://www.salliemae.com/faqs/savings-and-cds/?dtd_cell=UPCSGSDCZPPEOTOTOTHOTHRN010012#savingfaqs_12). In addition it is no longer possible to link the HYSA to Upromise. So GoalSaver is the only account worth getting now for the 10% Upromise match.

EastsideBK
EastsideBK (@guest_578635)
April 6, 2018 09:43

Sorry, I posted my response to the wrong person. Will repost shortly.

S Nack
S Nack (@guest_167341)
September 3, 2015 16:15

Good for emergency savings, for college savings I would probably still use a 529 account.

Nick
Nick (@guest_167318)
September 3, 2015 15:22

I’ve had a Sallie Mae account for probably close to 2 years now. Where can i look to find my anniversary date?

Ryan
Ryan (@guest_167293)
September 3, 2015 14:42

I currently have the Sallie Mae savings account linked to my Upromise account. Is this promotion tied to needing to open a different account to link to Upromise?

anthonyjh21
anthonyjh21 (@guest_167529)
September 4, 2015 01:52

Yeah, I’m wondering the same thing. It looks like we can fund the account with any checking or savings account so I’m unclear as to what benefit the traditional High Yield Savings account by SM provides here. To be honest it’s all pretty confusing right now.

I’m ridiculously exhausted but I definitely need to look into this further as I have the SM credit card, HYS and Upromise so I’m always interested in other parts to the puzzle that extract further value w/ SM/Upromise.

Aureliano
Aureliano (@guest_167288)
September 3, 2015 14:28

Hi Doctor. I don’t see the language that the $25 monthly transfer can trigger the 10% match for the GoalSaver account.

Aureliano
Aureliano (@guest_167387)
September 3, 2015 18:16

My point is they do not specify the minimum of the transfer while the High Yield Savings requires a minimum of $25.

EastsideBK
EastsideBK (@guest_578633)
April 6, 2018 09:36

Chuck,

I’m not sure how often you look at old posts, but this probably should be updated. It appears that SM changed their language regarding the 10% UPromise bonus match. Per the fine print on the website (https://www.upromisegoalsaver.com) the monthly $25 minimum transfer is no longer an option. Now you have to have a $5,000 balance in order to qualify for the 10% match.