Sallie Mae Upromise HYSA questions

[mollyjean]

Hi ladies - does anyone have a Sallie Mae HYSA that matches Upromise 10% each year? I have a few questions...

There are two Sallie Mae savings that I'm looking at:

1) 0.85% Money Market
2) 0.75% HYSA with Upromise match

The first is pretty straightforward, it's your basic savings. The second I'm not sure I entirely understand. Basically if I keep 5k or more in the account for each calendar year, they'll match me 10% of my Upromise earnings for the same time frame. So if I earn $100 from Upromise, they'll throw in an extra $10.

If I don't accumulate at least $100 from my Upromise account, I'd essentially be making more by just having the Money Market account instead (assuming I keep greater than 10k in the account, which is the plan). Correct? Clear as mud?

I have a Upromise account but not the card. There are some cashback opportunities at restaurants in the area but nothing that gets me close to $100 in 12 months.