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.
0.60% APY
Open an account
0.45% APY
Open an account
0.65% 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 |
0.60% 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
Minimum |
Minimum |
Monthly |
Returned |
$2,500 |
$2,500 |
None |
$5 |
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Our normal business hours are 8 a.m. to 8 p.m. ET Monday through Friday.