What are the current interest rates at Nelnet Bank?

Current rates for Nelnet Bank include: 12-Month CD: 4.00%, 18-Month CD: 4.00%, 24-Month CD: 4.00%, 36-Month CD: 4.00%

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Nelnet Bank Rates & Review September 2026

Q: How many branches does Nelnet Bank operate?

Nelnet Bank currently maintains approximately 1 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Q: Is there a first-time homebuyer program?

Currently, Nelnet Bank does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Nelnet Bank provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: September 20, 2026

Nelnet Bank's 12-Months 12-Month Business Certificate of Deposit rates are at 4.00%, 12-Month CD rates are at 4.00%, 18-Months 18-Month Business Certificate of Deposit rates are at 4.00%, 2 Years 2 Year Business Certificate of Deposit rates are at 4.00%, 2 Year CD rates are at 4.00%. Nelnet Bank's Student Loan Rates are as low as 1.99%. MonitorBankRates evaluates the financial stability of Nelnet Bank with a 5.0 Star Rating, an A Overall Health Grade, and a Texas Ratio of 7.71%. Rates last updated and verified on 09/20/2026.

Nelnet Bank money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Nelnet Bank? Share your experience about Nelnet Bank by leaving a review below, or read customer reviews before you decide to use Nelnet Bank.

Verified Healthy 2026 Use This Badge on Your Bank Website

Overall Health & Safety Grade

Excellent Health Score: 96/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

7.71%

Excellent Higher than avg

Health Trend

Worsening 12 quarters

Full history ›

Nelnet Bank

13907 S Minuteman Dr
Draper, UT 84020

https://www.nelnetbank.com

Nelnet Bank CD Rates

Product	Rate	APY	Term
12 Month Business Certificate of Deposit	-	4.00%	12 Months
Min Balance $25,000 Details Displayed rates are accurate as of September 1, 2026. Early Withdrawal Penalty applies. Fees may reduce earnings. APY is Annual Percentage Yield. Last Updated 09/20/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 7.71%
12 Month CD	-	4.00%	12 Month
Min Balance $1,000 Details APY is Annual Percentage Yield. Displayed rates are accurate as of September 1, 2026. Early Withdrawal Penalty applies. Fees may reduce earnings. For terms more than 6 months and up to 12 months, the penalty is 90 days' simple interest. Last Updated 09/20/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 7.71%
18 Month Business Certificate of Deposit	-	4.00%	18 Months
Min Balance $25,000 Details Displayed rates are accurate as of September 1, 2026. Early Withdrawal Penalty applies. Fees may reduce earnings. APY is Annual Percentage Yield. Last Updated 09/20/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 7.71%
2 Year Business Certificate of Deposit	-	4.00%	2 Years
Min Balance $25,000 Details Displayed rates are accurate as of September 1, 2026. Early Withdrawal Penalty applies. Fees may reduce earnings. APY is Annual Percentage Yield. Last Updated 09/20/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 7.71%
2 Year CD	-	4.00%	2 Year
Min Balance $1,000 Details APY is Annual Percentage Yield. Displayed rates are accurate as of September 1, 2026. Early Withdrawal Penalty applies. Fees may reduce earnings. For terms more than 2 years and up to 5 years, the penalty is 365 days' simple interest. Last Updated 09/20/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 7.71%
3 Year Business Certificate of Deposit	-	4.00%	3 Years
Min Balance $25,000 Details Displayed rates are accurate as of September 1, 2026. Early Withdrawal Penalty applies. Fees may reduce earnings. APY is Annual Percentage Yield. Last Updated 09/20/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 7.71%
3 Year CD	-	4.00%	3 Year
Min Balance $1,000 Details APY is Annual Percentage Yield. Displayed rates are accurate as of September 1, 2026. Early Withdrawal Penalty applies. Fees may reduce earnings. For terms more than 2 years and up to 5 years, the penalty is 365 days' simple interest. Last Updated 09/20/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 7.71%

Nelnet Bank Student Loan Rates

Product	Rate	Points	APR
Graduate Student Loans	-	-	1.99%
Details Published APR range: 1.99% to 9.83%. Fixed Rates Last Updated 09/20/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 7.71%
Private Student Loans	-	-	1.99%
Details Published APR range: 1.99% to 10.33%. Fixed Rates Last Updated 09/20/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 7.71%

Nelnet Bank Other Rates

Product	Rate	Points	APY/APR	Term	View More
Parent Loans	-	-	4.99%
Details Published APR range: 4.99% to 9.99%. Fixed Rates Last Updated 09/20/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 7.71%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution's data from MonitorBankRates.com, please contact us here.

Financial Health History

Nelnet Bank’s Texas Ratio rose from 1.05% in Q3 2023 to 7.71% in Q2 2026, so its financial health has weakened over the past 12 quarters. Over the same period its Star Rating moved from 5.0 to 5.0 and its Health Grade from A+ to A. Lower Texas Ratios are healthier; the green zone below the amber 15% line is where a bank must stay to qualify for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures.

Swipe the chart sideways to see every quarter.

Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade15% Verified Healthy limit (green zone below = healthy)

How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops.

Show the quarterly figures

Quarter	Total assets	Texas Ratio	Star Rating	Health Grade
June 30, 2026	$3.0B	7.71%	5.0	A
March 31, 2026	$2.5B	7.21%	5.0	A
December 31, 2025	$2.1B	3.64%	5.0	A+
September 30, 2025	$2.0B	5.55%	5.0	A+
June 30, 2025	$1.8B	3.88%	5.0	A+
March 31, 2025	$1.7B	3.53%	5.0	A+
December 31, 2024	$1.4B	1.38%	5.0	A+
September 30, 2024	$1.3B	1.84%	5.0	A+
June 30, 2024	$1.2B	1.86%	5.0	A+
March 31, 2024	$1.1B	1.43%	5.0	A+
December 31, 2023	$991M	0.93%	5.0	A+
September 30, 2023	$1.1B	1.05%	5.0	A+

Source: FDIC call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.

Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for Nelnet Bank is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather Nelnet Bank rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Nelnet Bank's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name Nelnet Bank

FDIC Certificate # 59205

Address 13907 S Minuteman Dr, Draper, UT 84020 · Salt Lake

Website https://www.nelnetbank.com

Established 20201102

FDIC Insurance Date 20201102

Domestic Offices 1

Total Branches 1

Regulator FDIC

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

Overall Health Grade Score: 96/100

5.0

Exceptional Out of 5.0 Stars

7.71%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) 1.2318%

Return on Equity (ROE) 8.4800%

Non-Performing Loans (NPL) 1.19%

Total Assets $2,997,294,000

Total Deposits $2,505,006,000

Equity Capital $463,507,000

Net Income $15,567,000

Headquarters Draper

Total Branches and Offices 1

Source: FDIC | Last Updated 06/30/2026

2026 MBR Health & Safety Badge

Nelnet Bank earned the Verified Healthy badge

Display this badge on your website to show visitors your 2026 MonitorBankRates recognition. The badge links back to this profile page for independent verification.

Copy the HTML below and paste it into your website where you’d like the badge to appear. The badge image is hosted on MonitorBankRates — no need to download or upload anything.

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Learn more about the MBR Health & Safety Badge program on our methodology page.

Customer Reviews

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Frequently Asked Questions About Nelnet Bank

How many branches does Nelnet Bank operate?

Nelnet Bank currently maintains approximately 1 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, Nelnet Bank does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Nelnet Bank provides members with tools to manage their accounts and build a solid financial history.

Does Nelnet Bank offer online and mobile banking?

Most modern institutions like Nelnet Bank provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.nelnetbank.com.