Sallie Mae Bank CD Rates: 4.25% APY 14-Month, 3.95% APY 10-Month CD (Nationwide)

Find the latest Sallie Mae Bank CD Rates, Offers, and Promotions here. You can now earn some of the best CD Rates from Sallie Mae Bank.

Best CD Rates: 4.25% APY 14-Month CD ($1 min, No max), 3.95% APY 10-Month CD ($1 min, No max)

Availability: Nationwide (internet bank)

Update 3/13/25: The 14 month term rate has increased to 4.25% APY from 4.00%.

About Sallie Mae Bank 

In 1972, Sallie Mae Bank opened its banks. Although you may be more familiar with Sallie Mae as being a student loan provider they also provide traditional banking services.

Headquartered in Salt Lake City, Utah, Sallie Mae Bank is a “pure” internet bank, having no brick-and-mortar branch locations.

Accounts are available to individuals who have a valid Social Security number and a physical address in the United States.

Opening any account, including CDs, Savings, and Money Market accounts, must be done online.

Sallie Mae CD Rates

CDs are a certificate issued by a bank to a person depositing money for a specified length of time. Usually the longer of a term, the higher APY rate you make.

With as little as $1, you can invest in a Sallie Mae CD account to maximize your earnings.

Compare their offering now to find the solutions that fit best with your savings goals.

If you’re interested in making a higher rate than a traditional savings account then make sure to check out the CD rates.

• Minimum deposit: $1
• Maximum deposit: None listed
• Early withdrawal penalty: Yes

Sallie Mae Bank CD Features

• Interest Compounded Daily
• Credited Monthly
• Competitive Rate
• FDIC Insured

Bottom Line

With a unique selection of CD lengths to choose from, you can be sure to find an account that best fits all your banking needs. Take advantage of a low required minimum balance of just $1.

For example accounts like Certificate of Deposits, Savings Accounts, and Loan services. The rates are worth a look, but always compare them with the nation’s best using our guides: CD Rates | Savings Rates.

Compare them with our best CD Rates:

• Best 6-Month CD Rates
• Best 9-Month CD Rates
• Best 12-Month CD Rates
• Best 18-Month CD Rates
• Best 24-Month CD Rates
• Best 36-Month CD Rates
• Best 48-Month CD Rates
• Best 60-Month CD Rates
• Best No Penalty CD Rates

Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.