Certificates of Deposit
Earn a guaranteed rate of interest over a fixed period of time
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A certificate of deposit (CD) lets you grow your money with a locked-in interest rate/annual percentage yield (APY) over a set period of time. We offer a range of time periods and your CD's rate is guaranteed. When the set time period is over, you can automatically renew for another term or choose to withdraw your money.
Competitive interest rates
Term |
Interest rate |
APY |
|
60 months
|
3.05%
|
3.10% APY
|
|
36 months
|
2.81%
|
2.85% APY
|
|
30 months
|
2.66%
|
2.70% APY
|
|
24 months
|
2.66%
|
2.70% APY
|
|
18 months
|
2.66%
|
2.70% APY
|
|
15 months
|
2.66%
|
2.70% APY
|
|
13 months
|
2.66%
|
2.70% APY
|
|
12 months
|
2.66%
|
2.70% APY
|
|
11 months
|
2.47%
|
2.50% APY
|
|
9 months
|
2.23%
|
2.25% APY
|
|
6 months
|
2.18%
|
2.20% APY
|
Even more great features
Guaranteed returns
FDIC-insured peace of mind
Automatic renewal option
Balances and fees
Minimum
deposit |
Minimum
balance |
Monthly
fees |
Returned
deposit fee |
$2,500 |
$2,500 |
None |
$5 |
Sallie Mae named one of the best online banks for 2019
GOBankingRates named Sallie Mae as one of the top online banks, recognizing its products' high interest rate and no monthly fees.
Have questions about our Certificates of Deposit?
Call us at 877-346-2756
Our normal business hours are 8 a.m. to 8 p.m. ET Monday through Friday.