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We offer guaranteed CD interest rates for 6-to 24-month terms. Earn a guaranteed rate of interest over a fixed period of time with Certificates of Deposit (CDs). Learn more about how Sallie Mae CDs can help you save for college.
- Money Market Account
Annual Percentage Yield (APY) for the Sallie Mae Money...
- Rate Table
3.92%. 4.00% APY. footnote. 4. Deposit products are offered...
- SmartyPig
footnote SmartyPig Accounts are offered through Sallie Mae...
- Contact Us
Sallie Mae P.O. Box 8459 Philadelphia, PA 19101-8459....
- About Us
Sallie Mae is a bank with a purpose: to help families save,...
- Money Market Account
May 3, 2024 · Sallie Mae Bank offers 11 certificate of deposit (CD) terms, ranging from six months to 60 months. The bank’s CD rates tend to be competitive among online banks. There’s a $2,500 minimum ...
- Ben Gran
2 days ago · Sallie Mae pays 4.00% to 4.95% APY on CDs, while Ally Bank CD rates are 3.00% to 4.50% APY on its regular CDs. So if you want a standard CD, Sallie Mae is probably the better choice — the ...
- Sallie Mae
- Is Sallie Mae a good CD option?Sallie Mae is a good choice for CDs if you are comfortable with an online-only experience. It's also a great option if you want to build a CD ladde...
- What is the interest rate for a Sallie Mae no-penalty CD?You can open a Sallie Mae 14 Month No-Penalty CD through Raisin, and it pays 4.75% APY. Raisin is an online marketplace that offers high savings ac...
- Is Sallie Mae safe for CDs?Yes, Sallie Mae is a safe place to open CDs. It is a Member FDIC bank, so any deposits are insured for up to $250,000 per person, per category. If...
- What is the minimum deposit for a CD at Sallie Mae?You need at least $2,500 to open a CD with Sallie Mae.
May 2, 2024 · Rates range between 4.00% to 4.95% APY. CD terms start at just six months and go up to five years. The minimum amount you can invest into a Sallie Mae CD is $2,500. Once the account is...
- Is Sallie Mae a safe option for CDs?Yes. Sallie Mae offers FDIC-insured savings products, including CDs. This protects your funds for up to $250,000.
- Does Sallie Mae offer a no-penalty CD?No. All of Sallie Mae’s CD offerings come with an early withdrawal penalty.
- What is the highest CD rate at Sallie Mae?As of December 2023, the highest CD rate offered at Sallie Mae is 5.40% APY on its 15-month CD term.
Apr 28, 2024 · PROS. Competitive rates. No fees. Wide range of terms. CONS. $2,500 minimum deposit requirement. Sallie Mae CD review. The interest rates on Sallie Mae CDs are competitive at most...
People also ask
How much interest does Sallie Mae pay on CDs?
Should you buy a Sallie Mae CD?
Does Sallie Mae offer high-yield CDs?
Are Sallie Mae certificates of deposit a good investment?
Mar 19, 2024 · Sallie Mae CD rates are very high, and there are multiple terms to choose from. They're great options if you have $2,500 for a deposit. Start saving today.
