Sallie Mae, who is traditionally known for their student loans, currently features some of the highest certificate of deposit rates available.
With products that have no minimum deposit and no monthly fees Sallie Mae CDs have pretty low requirements. The CDs are FDIC insured and SallieMae Bank certificates have rates as high as 3.0% APY.
Sallie Mae Bank is a new contender in the online bank retail space, and it seems that they are aggressive rates to get new customers.
Sallie Mae CDs feature:
- No Monthly Charges
- No Minimum Deposit
- No Hidden Charges
The current SallieMae CD rates are:
- 12 Months – 1.55% APY
- 36 Months – 2.40% APY
- 60 Months – 3.00% APY
SallieMae bank is FDIC insured.
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