Certificates of Deposit

Earn a guaranteed rate of interest over a fixed period of time with our CD accounts
Open an account
11-month CD

4.35% APYfootnote 1

Open an account

12-month CD

4.20% APYfootnote 1

Open an account

13-month CD

4.25% APYfootnote 1

Open an account

What is a certificate of deposit (CD) account?

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.

How does a CD account work?

We offer a range of time periods and your CD's interest rate is guaranteed.

Competitive rates on CD accounts

Term
APY1

6 months

4.15% APY

9 months

4.20% APY

11 months

4.35% APY

12 months

4.20% APY

13 months

4.25% APY

15 months

4.30% APY

18 months

3.80% APY

24 months

4.10% APY

30 months

3.70% APY

36 months

3.40% APY

60 months

3.80% APY

Even more great features

Guaranteed returns

FDIC-insured peace of mind

Automatic renewal option

Balances and fees

Minimum deposit

Minimum balance

Monthly fees

$2,500

$2,500

None

Sallie Mae named one of the best money market accounts and CDs for 2025.

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 9 a.m. to 6 p.m. ET Monday through Friday.

footnote 1. Advertised Interest Rate and Annual Percentage Yield (APY) for Certificates of Deposit may change after maturity, applies to personal accounts only, and are accurate as of 06/18/2025. A penalty may be charged for early withdrawal. Fees could reduce earnings. Please refer to the Account Terms and Conditions Agreement for details.

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

footnote SALLIE MAE RESERVES 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.