
Sallie Mae named one of the best certificates of deposit for 2020.
GOBankingRates named Sallie Mae as one of the top online banks, recognizing its products' high interest rate and no monthly fees.
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.
0.50% APY
Open an account
0.50% APY
Open an account
0.55% APY
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.
Term |
APY |
6 months |
0.30% APY |
9 months |
0.30% APY |
11 months |
0.30% APY |
12 months |
0.50% APY |
13 months |
0.50% APY |
15 months |
0.50% APY |
18 months |
0.55% APY |
24 months |
0.60% APY |
30 months |
0.60% APY |
36 months |
0.60% APY |
60 months |
0.60% APY |
Guaranteed returns
FDIC-insured peace of mind
Automatic renewal option
Minimum |
Minimum |
Monthly |
Returned |
$2,500 |
$2,500 |
None |
$5 |
Sallie Mae named one of the best certificates of deposit for 2020.
GOBankingRates named Sallie Mae as one of the top online banks, recognizing its products' high interest rate and no monthly fees.
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Our normal business hours are 8 a.m. to 8 p.m. ET Monday through Friday.
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 01/26/2021. 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.