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Certificates of Deposit

A Certificate of Deposit is the worry-free way to maximize your earning power. We offer a range of terms and your rate is guaranteed.

Rates

12-Month

  • 1.25% APY (1.24% Interest Rate)1

36-Month

  • 1.60% APY (1.59% Interest Rate)1

60-Month

  • 1.80% APY (1.78% Interest Rate)1

What you get:

  • Guaranteed returns
  • No monthly fees
  • FDIC-insured peace of mind

How it works:

  1. Open and fund a CD to lock in your rate
  2. Watch your savings grow
  3. Choose what you'd like to do with your funds at maturity, or automatically renew

Lock in a great rate today. It takes just minutes to open an account online.

Rates

12-Month

  • 1.25% APY (1.24% Interest Rate)1

36-Month

  • 1.60% APY (1.59% Interest Rate)1

60-Month

  • 1.80% APY (1.78% Interest Rate)1

Balances & fees

  • Minimum Deposit: $2,500
  • Minimum Balance: $2,500
  • Monthly Fees: None
  • Returned Deposit Fee: $5
  • Paper Statement Fee: $5 per statement

 

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Sallie Mae Bank Customers

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Have questions?

Get help deciding which account is right for you.
Call us at (877) 346-2756(877) 346-2756


Browse Savings and CDs FAQs


A Fresh Financial Start for Your Wallet!

The Upromise MasterCard®: earn cash back on every purchase to help pay down your eligible student loans.

Upromise MasterCard

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See Terms and Conditions

 
 

1 Advertised Interest Rate and Annual Percentage Yield for Certificates of Deposit may change after maturity, apply to personal accounts only, and are accurate as of . A penalty may be charged for early withdrawal. Fees could reduce earnings. Please refer to the Account Terms and Conditions Agreement for full disclosures.

Deposit products are offered through Sallie Mae Bank, Member FDIC.

WE RESERVE THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE. CHECK SALLIEMAE.COM FOR THE MOST UP-TO-DATE PRODUCT INFORMATION.