Money Lobang

Sallie Mae CDs

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APYUp to 4.95% Image
Min. Deposit $2,500 Image

Last updated on 2024-03-20

Sallie Mae CDs Review

Pros Pros

Convenient online banking

Interest can be withdrawn with no penalty

Cons Cons

Limited branch access with only branch at Salt Lake City

Deposit Details Sallie Mae CDs APY

  $2,500 & Above
6 months 4.80% APY
9 months 4.85% APY
11 months 4.90% APY
12 months 4.95% APY
13 months 4.90% APY
15 months 4.80% APY
18 months 4.75% APY
24 months 4.50% APY
30 months 4.00% APY
36 months 4.00% APY
60 months 4.00% APY

 

Receive up to 4.95% APY for Sallie Mae CD account

Interest compounded daily and credited monthly

You can withdraw interest accrued and credited to your CD before maturity at any time without penalty

However, the APY assumes interest remains on deposit until maturity and a withdrawal will reduce earnings

US$2,500 minimum to open account

US$2,500 minimum balance

No monthly fees

Returned deposit fee of $5

Your CD automatically renews at maturity. At maturity, you will have a 10 calendar day grace period in which you can contact Sallie Mae to withdraw funds from your account without penalty

A penalty of 90 / 180 days simple interest will be imposed for 6 or 9 or 11 or 12 months CDs / 13 or 15 or 18 or 24 or 30 or 36 or 60 months CDs for any early withdrawal from CD account

 

Click here to go to Sallie Mae website for more details

 

About Bank About Sallie Mae

Sallie Mae and its sibsidiaries (including Sallie Mae Bank and SLM Financial Corporation) is a publicly traded U.S. corporation headquartered in Salt Lake City that provides consumer banking focusing on private education loans. Online banking is available via app or website for all customers.

Sallie Mae can be contacted via mail or phone. Customers with questions about their savings products can reach Sallie Mae via phone on 877-346-2756 weekdays from 8am to 8pm ET

Sallie Mae is a member of FDIC which covers the deposits of a depositor to up to US$250,000

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