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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

2.81%

2.85% APY

36 months

2.52%

2.55% APY

30 months

1.67%

1.68% APY

24 months

2.76%

2.80% APY

18 months

2.18%

2.20% APY

15 months

1.35%

1.36% APY

13 months

1.31%

1.32% APY

12 months

2.37%

2.40% APY

11 months

1.17%

1.18% APY

9 months

0.95%

0.95% APY

6 months

1.29%

1.30% 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

Have questions about our Certificates of Deposit?

Call us at 877-346-2756

Advertised Interest Rate and Annual Percentage Yield (APY) for Certificates of Deposit may change after maturity, apply to personal accounts only, and are accurate as of 07/17/2018. 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.