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Sallie Mae's Information and Current CD Rates

Main Address and Contact Information


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FDIC Certification Number


Sallie Mae

Sallie Mae  Logo
Website: https://www.salliemae.com/banking/
Rating: StarStarStarStarStar  (5 out of 5)100

Notes: Guaranteed Return. FDIC-insured.

Sallie Mae CD Rates

Product APY Rate Min. Deposit
1 yr CD 1.250% 1.240% $2,500.00
3 yr CD 1.600% 1.590% $2,500.00

Sallie Mae Jumbo CD Rates

Product APY Rate Min. Deposit
1 yr jumbo CD 1.250% 1.240% $100,000.00
3 yr jumbo CD 1.600% 1.590% $100,000.00
Rates Updated: 03/23/2017

Articles Related to Sallie Mae

Highest Deposit Rates November 27, 2016

Variable deposit rates continue to inch slowly higher this week. The best savings rate available is at 1.25 percent with a yield of 1.26 percent. The best money market account rate available is slightly lower at 1.24 percent with a yield of 1.25 percent.

Listed below are the best savings rates and money market rates available in our database for November 27, 2016.

Best Savings Rates

  1. Popular Direct 1.25% Yield 1.26%
  2. Synchrony Bank 1.04% Yield 1.05% (tied for 2nd place)
  3. AloStar Bank of Commerce 1.04% Yield 1.05% (tied for 2nd place)
  4. Goldman Sachs Bank USA 1.04% Yield 1.05% (tied for 2nd place)
  5. Barclays Bank 1.00% Yield 1.00% (tied for 3rd place)
  6. Ally Bank 1.00% Yield 1.00% (tied for 3rd place)
  7. Radius Bank 1.00% Yield 1.00% (tied for 3rd place)
  8. iGObanking.com 1.00% Yield 1.00% (tied for 3rd place)
  9. FNBO Direct 0.95% Yield 0.95% (tied for 4th place)
  10. CIT Bank 0.95% Yield 0.95% (tied for 4th place)
  11. Discover Bank 0.95% Yield 0.95% (tied for 4th place)
  12. Colorado Federal Savings Bank 0.85% Yield 0.85% (tied for 5th place)
  13. My Savings Direct 0.85% Yield 0.85% (tied for 5th place)

Best Money Market Account Rates

  1. EBSBDirect 1.24% Yield 1.25%
  2. EverBank 1.11% Yield (promo rate)
  3. Dime 1.09% Yield 1.10%
  4. firstcentral.direct 1.04% Yield 1.05%
  5. Capital One 1.00% Yield 1.00% (tied for 5th place)
  6. California First National Bank 1.00% Yield 1.00% (tied for 5th place)
  7. Pacific National Bank 1.00% Yield 1.00% (tied for 5th place)
  8. ableBanking, a division of Northeast Bank 1.00% Yield 1.00% (tied for 5th place)
  9. Sallie Mae 0.90% Yield 0.90%
  10. Synchrony Bank 0.85% Yield 0.85% (tied for 7th place)
  11. Ally Bank 0.85% Yield 0.85% (tied for 7th place)
    Read more...
Sallie Mae Money Market Account Rates now at 0.90%
Sallie Mae Money Market Account rates are now at 0.90 percent with a yield of 0.90 percent. View current Money Market Account rates at Sallie Mae below.     Read more...
Sallie Mae Money Market Account Rates now at 0.90%
Sallie Mae Money Market Account rates are now at 0.90 percent with a yield of 0.90 percent. View current Money Market Account rates at Sallie Mae below.     Read more...
Sallie Mae 5 Year Jumbo CD Rates now at 2.08%
Sallie Mae 5 Year Jumbo CD rates are now at 2.08 percent with a yield of 2.10 percent. View current 5 Year Jumbo CD rates at Sallie Mae below.     Read more...
Sallie Mae Money Market Account Rates now at 0.90%
Sallie Mae Money Market Account rates are now at 0.90 percent with a yield of 0.90 percent. View current Money Market Account rates at Sallie Mae below.     Read more...
1.35% APY - New Highest 1 Year CD Rate in our Database

We have a new best 1 year CD rate in our database. Colorado Federal Savings Bank recently increased their 1 year rate and now has the highest 1 year CD rate at 1.34 percent with a yield of 1.35 percent. Connexus Credit Union had the top 1 year rate at 1.32 percent with a yield of 1.33 percent. You can view a complete list of 1 year CD rates in our database below.

Current 1 Year CD Rates

  • Colorado Rate FSB Rate 1.34% Yield 1.35%
  • Connexus Credit Union Rate 1.32% Yield 1.33%
  • Live Oak Bank Rate 1.29% Yield 1.30%
  • AloStar Bank of Commerce Rate 1.25% Yield 1.26%
  • California First National Bank Rate 1.25% Yield 1.26%
  • My e-BAnC by BAC Florida Bank Rate 1.25% Yield 1.26%
  • Synchrony Bank Rate 1.24% Yield 1.25%
  • Bank Direct Rate 1.24% Yield 1.25%
  • Sallie Mae Rate 1.24% Yield 1.25%
  • iGObanking.com Rate 1.24% Yield 1.25%
  • CIT Bank Rate 1.22% Yield 1.23%
  • First Internet Bank of Indiana Rate 1.20% Yield 1.21%
    Read more...
3/1/16 - Best Variable Deposit Rates

Listed below are the best variable deposit rates for March 1, 2016. For a list of today's deposit rates search our database of rates at Deposit Rates.

Best Money Market Account Rates

  • EverBank Rate 0.61% Yield 1.11%
  • Silvergate Bank 1.10% Yield 1.10%
  • Dime Rate 1.09% Yield 1.10%
  • Northeast Bank Rate 1.09% Yield 1.10%
  • iGObanking.com Rate 1.09% Yield 1.10%
  • ableBanking Rate 1.00% Yield 1.00%
  • Sallie Mae 0.90% Yield 0.90%
  • Ally Bank Rate 0.85% Yield 0.85%
  • Mutual of Omaha Bank Rate 0.85% Yield 0.85%
  • Synchrony Bank Rate 0.85% Yield 0.85%
  • MyCBB Rate 0.83% Yield 0.83%
  • Discover Bank 0.80% Yield 0.80%
  • EH National Bank 0.80% Yield 0.80%

Best Savings Account Rates

  • Synchrony Bank Rate 1.04% Yield 1.05%
  • GE Capital Bank Rate 1.04% Yield 1.05%
  • Barclays Bank Rate 1.00% Yield 1.00%
  • Ally Bank Rate 1.00% Yield 1.00%
  • iGObanking.com Rate 1.00% Yield 1.00%
  • My Savings Direct Rate 1.00% Yield 1.00%
  • CIT Bank Rate 0.99% Yield 1.00%
  • FNBO Direct Rate 0.95% Yield 0.95%
  • Discover Bank Rate 0.95% Yield 0.95%
  • American Express Rate 0.90% Yield 0.90%
  • Colorado Federal Savings Bank 0.85% Yield 0.85%
    Read more...
Top Deposit Rates for February 24, 2016

Listed below are the top online savings rates and money market rates for 2/24/16.

Top Online Savings Account Rates

  • Synchrony Bank Rate 1.04% Yield 1.05%
  • GE Capital Bank Rate 1.04% Yield 1.05%
  • Barclays Bank Rate 1.00% Yield 1.00%
  • Ally Bank Rate 1.00% Yield 1.00%
  • iGObanking.com Rate 1.00% Yield 1.00%
  • My Savings Direct Rate 1.00% Yield 1.00%
  • CIT Bank Rate 0.99% Yield 1.00%
  • FNBO Direct Rate 0.95% Yield 0.95%
  • Discover Bank Rate 0.95% Yield 0.95%
  • American Express Rate 0.90% Yield 0.90%

Money Market Account Rates

  • EverBank Rate 0.61% Yield 1.11%
  • Silvergate Bank 1.10% Yield 1.10%
  • Dime Rate 1.09% Yield 1.10%
  • Northeast Bank Rate 1.09% Yield 1.10%
  • iGObanking.com Rate 1.09% Yield 1.10%
  • ableBanking Rate 1.00% Yield 1.00%
  • Sallie Mae 0.90% Yield 0.90%
  • Ally Bank Rate 0.85% Yield 0.85%
  • Mutual of Omaha Bank Rate 0.85% Yield 0.85%
  • Synchrony Bank Rate 0.85% Yield 0.85%
  • MyCBB Rate 0.83% Yield 0.83%
  • Discover Bank 0.80% Yield 0.80%

To see variable deposit rates from many banks and credit unions search our rate table at Deposit Rates.

    Read more...
Christmas Day 2015 Variable Deposit Rates

2016 will be a better year for deposit rates after many years of watching rates decline to historic lows. The Fed will most likely increase the fed funds rate at least 3 or 4 times in 2016, on top of the 1 rate increase in 2015. While banks and credit unions haven't increased rates yet, it's only a matter of time before they do.

Let's look forward to higher fixed and variable bank rates in 2016. Listed are the best savings rates and money market rates on Christmas Day 2015. You can check on all current deposit rates by searching our database of interest rates at MonitorBankRates.com.

Best Savings Rates Christmas Day

  • Radius Bank 1.09% Yield 1.10%
  • The Palladian PrivateBank 0.90% Yield 1.10%
  • Synchrony Bank 1.04% Yield 1.05%
  • GE Capital Bank1.04% Yield 1.05%
  • Barclays Bank 1.00% Yield 1.00%
  • Ally Bank 1.00% Yield 1.00%
  • iGObanking.com 1.00% Yield 1.00%
  • My Savings Direct 1.00% Yield 1.00%
  • CIT Bank 0.99% Yield 1.00%
  • Discover Bank 0.95% Yield 0.95%
  • FNBO Direct 0.95% Yield 0.95%

Best Money Market Account Rates Christmas Day

  • EverBank 0.61% Yield 1.11% (promotional rate)
  • Dime Savings Bank of Williamsburgh 1.09% Yield 1.10%
  • Northeast Bank 1.09% Yield 1.10%
  • iGObanking.com 1.09% Yield 1.10%
  • ableBanking 1.00% Yield 1.00%
  • Sallie Mae Bank 0.90% Yield 0.90%
  • Ally Bank 0.85% Yield 0.85%
  • Mutual of Omaha Bank 0.85% Yield 0.85%
  • Synchrony Bank 0.85% Yield 0.85%
  • MyCBB 0.83% Yield 0.83%
  • Discover Bank 0.80% Yield 0.80%
    Read more...
Unemployment Low and Hourly Wages Up Should Mean a Rate Increase

The Fed meets in just over a month to decide on monetary policy. The strong November employment report makes it more likely the Fed participants will vote to increase the fed funds rate. A higher fed funds rate will lead to higher variable deposit rates, possibly as soon as next month.

November's unemployment rate fell to 5.00 percent and average hourly earnings have risen by 2.5 percent over the past year. The unemployment rate is now at the lowest level since April 2008, just before the financial crisis. The rate is also at a point where many Fed officials see as consistent with full employment. 

Full employment and higher wage growth should force the Fed to vote on increasing rates. The CME Group's Fed Watch Tool puts the probability of a rate hike in December at 65.9 percent. Whether or not the rate is increased will depend on December's employment report.

Listed below are the most current savings rates and money market rates available in the rate database.

Savings Account Rates

  • My Savings Direct 1.09% Yield 1.10%
  • Radius Bank 1.09% Yield 1.10%
  • The Palladian PrivateBank 0.90% Yield 1.10%
  • Synchrony Bank 1.04% Yield 1.05%
  • CIT Bank 1.04% Yield 1.05%
  • GE Capital Bank1.04% Yield 1.05%
  • Barclays Bank 1.00% Yield 1.00%
  • iGObanking.com 1.00% Yield 1.00%
  • Ally Bank 1.00% Yield 1.00%
  • Discover Bank 0.95% Yield 0.95%

Money Market Account Rates

  • EverBank 0.61% Yield 1.11% (promotional rate)
  • Dime Savings Bank of Williamsburgh 1.09% Yield 1.10%
  • Northeast Bank 1.09% Yield 1.10%
  • iGObanking.com 1.09% Yield 1.09%
  • ableBanking 1.00% Yield 1.00%
  • Sallie Mae Bank 0.90% Yield 0.90%
  • Ally Bank 0.85% Yield 0.85%
  • Mutual of Omaha Bank 0.85% Yield 0.85%
  • Synchrony Bank 0.85% Yield 0.85%
  • MyCBB 0.83% Yield 0.83%

 

Average Deposit Rates November 13, 2015

Average Deposit Rates November 13 2015

    Read more...

Compare Sallie Mae's CD Rates With Other Bank Rates Below

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