Last updated on 2024-10-05
Convenient online banking
Interest can be withdrawn with no penalty
Limited branch access with only branch at Salt Lake City
$2,500 & Above | |
---|---|
6 months | 3.95% APY |
9 months | 4.00% APY |
11 months | 4.05% APY |
12 months | 4.10% APY |
13 months | 4.05% APY |
15 months | 3.95% APY |
18 months | 3.80% APY |
24 months | 3.75% APY |
30 months | 3.70% APY |
36 months | 3.60% APY |
60 months | 3.75% APY |
Receive up to 4.10% APY for Sallie Mae CD account
Interest compounded daily and credited monthly
You can withdraw interest accrued and credited to your CD before maturity at any time without penalty
However, the APY assumes interest remains on deposit until maturity and a withdrawal will reduce earnings
US$2,500 minimum to open account
US$2,500 minimum balance
No monthly fees
Returned deposit fee of $5
Your CD automatically renews at maturity. At maturity, you will have a 10 calendar day grace period in which you can contact Sallie Mae to withdraw funds from your account without penalty
A penalty of 90 / 180 days simple interest will be imposed for 6 or 9 or 11 or 12 months CDs / 13 or 15 or 18 or 24 or 30 or 36 or 60 months CDs for any early withdrawal from CD account
Click here to go to Sallie Mae website for more details
Sallie Mae and its sibsidiaries (including Sallie Mae Bank and SLM Financial Corporation) is a publicly traded U.S. corporation headquartered in Salt Lake City that provides consumer banking focusing on private education loans. Online banking is available via app or website for all customers.
Sallie Mae can be contacted via mail or phone. Customers with questions about their savings products can reach Sallie Mae via phone on 877-346-2756 weekdays from 8am to 8pm ET
Sallie Mae is a member of FDIC which covers the deposits of a depositor to up to US$250,000