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Best CD Rates Sallie Mae CD Rates

Best CD Rates Sallie Mae CD Rates

Sallie Mae Bank, the banking division of the student loan company Sallie Mae is advertisting some of the highest CD rates currently available from any bank. Sallie Mae's current 12 month bank CD rates are at 1.14% with bank CD yields at 1.15%. The current national average for 12 month CD rates as  year CD rate as reported by MonitorBankRates.com is less than half that rate at 0.429%.


Sallie Mae CD rates are also advertise for 3 year certificates of deposit and 5 year certificates of deposit. Current 3 year CD rates are at 1.29% with a CD yields at 1.30%. 60 month Bank CD rates are advertised at 1.59% with CD yields at 1.60%. You can use a CD Calculator to calculate how much interest you can earn at these rates.

Sallie Mae Bank CD Account Benefits

  • Interest is compounded daily and credited to the account monthly.

  • Early withdrawal penalties are 3 months of simple interest for CD accounts 12 months or less.

  • Early withdrawal penalties for CD accounts greater than 12 months are 6 months simple interest.

  • Accounts are insured by the Federal Deposit Insurance Corporation for up to $250,000. FDIC Cert number is 58177.

  • No minimum account balance.

  • No monthly account fees.

For a list of current Sallie Mae CD rates and to open an account go to: Sallie Mae CD Rates and CD Account Application.

Author: Stacy Everest
November 28th, 2011