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For the safety of our employees, we are limiting the hours our call center agents are available. You can speak with an agent Monday - Friday from 9 a.m. to 6 p.m. ET.

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12-month CD

0.60% APY1

Open an account

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15-month CD

0.45% APY1

Open an account

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18-month CD

0.65% APY1

Open an 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.

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 rates

Term
APY1

6 months

0.30% APY

9 months

0.30% APY

11 months

0.30% APY

12 months

0.60% APY

13 months

0.45% APY

15 months

0.45% APY

18 months

0.65% APY

24 months

0.60% APY

30 months

0.60% APY

36 months

0.70% APY

60 months

0.45% 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 savings accounts, money market accounts and CDs for 2020.

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?

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Call us at

877-346-2756

Our normal business hours are 8 a.m. to 8 p.m. ET Monday through Friday.


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 10/27/2021. A penalty may be charged for early withdrawal. Fees could reduce earnings. Please refer to the Account Terms and Conditions Agreement for details.
Deposit products are offered through Sallie Mae Bank, Member FDIC.
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.