Find the latest Sallie Mae Bank CD Rates, Offers, and Promotions here.
At the moment you can earn up to 4.40% APY.
Update 9/30/24: The rate have decreased slightly but still offer competitive rates.
Sallie Mae Bank CD Account Summary
- Availability: Nationwide (Online Bank)
- Minimum Balance Requirement: $1 minimum deposit
Sallie Mae CD Rates
| Term | APY Rate | Minimum Deposit |
| 10-Month CD | 4.35% | $1 |
| 14-Month CD | 4.40% | $1 |
Sallie Mae CD Account Features
- FDIC insured. No fees. $1 minimum deposit.
- Putting educational and financial success within reach for more than 50 years.
- Choice: Savings products from our network of financial institutions offer flexible terms and some of the most competitive interest rates. You can easily find the right product or mix of products for you.
- Convenience: One account to hold all your deposit products. Simplified statements. Easy access to manage your funds – all through a streamlined digital platform.
- Access: Enjoy 24/7 online access to your account and funds.
Are My Deposits Safe?
Yes, your funds are FDIC-insured to assure peace of mind.
Conclusion
At the end of the day, the current range of CD rates available through Sallie Mae Bank are great for those who would like to earn a great rate through one of the most trusted financial institution nationwide.
Because the bank is online only, you get to earn more for a lot less than your typical brick and mortar banks.
With a range of rates to choose from, you can definitely count on the bank to help you through every step of your banking process!
However, if you are not currently interested, be sure to see our complete list of the Best CD Rates for all your banking needs!
Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.
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