Sallie Mae Bank 2026 Review

Mat C.
Written by Mat C.
Managing Editor & Senior Developer
Mika L.
Edited by Mika L.
Financial Content & Editor

Sallie Mae Bank4.2/5

Rate (APY)
4.15% APY
Term
5 years
Minimum Deposit
$2,500
Promotion
N/A
Apply Now →on Sallie Mae Bank's website

Sallie Mae Bank offers a competitive 4.15% APY on its 5-year CD, making it a solid choice for those looking to invest a larger sum. The requirement of a $2,500 minimum deposit is offset by the benefits of daily compounding interest.

Pros:

  • Daily compounding interest
  • Flexible terms

Cons:

  • Higher minimum deposit compared to others

In summary, Sallie Mae Bank's 5-year CD with a 4.15% APY is an excellent option for investors ready to commit at least $2,500, especially those seeking a reliable and rewarding way to grow their savings over time. This product is particularly well-suited for individuals looking for a secure investment with the advantage of daily compounding interest.

Compare CD Rates

Summary of all rates from our cd rate pages. Click column headers to sort.

Provider ↕Rate ↓Term ↕Min Deposit
Nuvision Credit Union5.00% APY5 months$1,000Learn more
Internal Revenue Federal Credit Union4.577% APY6 months$1,000Learn more
Advancial4.34% APY5 years$1,000Learn more
Climate First Bank4.34% APY6 months$500Learn more
Sullivan Bank4.30% APY5 years$1,000Learn more
Connexus Credit Union4.30% APY17 months$5,000Learn more
OMB Bank4.25% APY5 months$1,000Learn more
Consumers Credit Union4.22% APY7 months$1,000Learn more
Popular Direct4.20% APY18 months$10,000Learn more
TAB Bank4.20% APY5 years$1,000Learn more
United Fidelity Bank4.20% APY5 years$1,000Learn more
Sallie Mae Bank4.15% APY5 years$2,500Learn more
First Bank and Co. Bottine4.14% APY5 years$500Learn more
Rising Bank4.11% APY1 year$1,000Learn more
Farmers and Merchants Bank (NE)4.11% APY1 year$500Learn more
Central Bank (UT)4.06% APY5 years$500Learn more
USAlliance Financial4.05% APY1 year$500Learn more
BTG Pactual Bank4.00% APY1 year$500Learn more
Ally Bank3.90% APY6 months$0Learn more
Suncoast Credit Union3.70% APY6 months$500Learn more

Related Guides