Today's 12-month CD rates can be found at 0.30%, 6-month CD rates at 0.65% and 3-month CD rates at 4.56%. Current savings rates are at 1.26% and money market rates are at 0.01%. Mortgage rates today on 30-year fixed loans are around 6.76%. Credit Card rates are at 18.00%. Personal Loan rates are at 11.50%. All these rates, and more, can be found in our database of rates. Sallie Mae's 12-Month CD rates are at 4.80%, 6-Month CD rates are at 4.65%, 18-Month CD rates are at 4.35%, 24-Month CD rates are at 4.05%, 36-Month CD rates are at 4.00%. Sallie Mae's savings rates are at 4.25%. Sallie Mae's money market rates are at 4.55%.
To see how these rates compare to Sallie Mae CD rates, feel free to use our comprehensive rate tables for side-by-side comparisons of CD rates from Sallie Mae, savings rates and money market rates, with rates from other banks and credit unions below. You can use our bank rate lists to compare CD rates for all CD terms, with Sallie Mae CD rates. You can also compare Sallie Mae savings rates, MMA rates and mortgage rates using our other rate lists.
Sallie Mae 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 Sallie Mae? Share your experience about Sallie Mae by leaving a review below, or read customer reviews before you decide to use Sallie Mae.
Sallie Mae Texas Ratio
Sallie Mae's Texas Ratio is at 7.81%, which is considered excellent.
The Texas Ratio for Sallie Mae is higher than the national average of all banks, currently at 6.13%.
The Texas Ratio was developed in the early 1980s, and it is used to identify potential problem banks.
Banks that have a Texas Ratio of 100% or more have a high chance of failing.
Overall, Sallie Mae is an excellent bank worth considering, with an overall rating of 5 stars out of 5 stars.
The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice. The "Min. Balance" indicates the minimum amount required to earn the stated APY. Please note that some of the offers presented on this site are from advertisers, who provide compensation for their inclusion. However, these advertised offers do not encompass all available deposit accounts.
Compare Sallie Mae Rates with Other Competitive Bank and Credit Union Rates
The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice. The "Min. Balance" indicates the minimum amount required to earn the stated APY. Please note that some of the offers presented on this site are from advertisers, who provide compensation for their inclusion. However, these advertised offers do not encompass all available deposit accounts.
The mortgage rates presented are solely intended for informational use. Please consult the mentioned lenders for up-to-date mortgage rates. The actual mortgage rates and other loan conditions depend on the lender's approval and are not guaranteed.
Sallie Mae Information
Sallie Mae
175 S West Temple Salt Lake City, UT 84101 Salt Lake
Established Date: 11/28/2005
FDIC Certificate #: 58177
Date of FDIC Deposit Insurance: 11/28/2005
Sallie Mae is offering really good short-term and long-term CD rates. Current 12-month CD rates are at 4.90%, 18-month CD rates are at 5.00% and 6-month CD rates are at 4.00%. Besides those three certificates of deposit, Sallie Mae is also offering several other CD accounts, a complete list of rates is below. The minimum opening deposit for all CD accounts at Sallie Mae is $2,500.
Sallie Mae is a well-known company that offers student loans and a range of banking products, including CDs, savings accounts and money market accounts. One thing to keep in mind about Sallie Mae CDs, is that the interest rates on Sallie Mae's CDs are subject to change at any time, and the rates listed below might have changed.
Obviously when you open a CD account you locked in that rate, unless you decide to withdrawal your funds before the CD matures, then you play an early withdrawal penalty, lowering the rate. It's always a good idea to check directly with Sallie Mae, on their website or speak with a representative to confirm the current rates before opening a CD account.
Sallie Mae Bank, the banking arm of the student loan company, offers a range of banking products and services, including savings accounts. Salle Mae savings rates are very competitive right now at 3.65% annual percentage yield (APY). Sallie Mae's high-yield savings account is designed to help individuals grow their money through saving and earning interest on your savings.
One of the most attractive features of Sallie Mae Bank's high-yield savings account is the competitive interest rate offed by the bank. At the time of writing this article, the savings rate is atm 3.65% APY, is more than 10 times higher than the current national savings rate of 0.35% APY.
Another benefit of a Sallie Mae savings account is you can earn more on your savings without having to take on additional risk or lock up their funds for a specific period as you would with a CD account.
CD rates started increasing when the Federal Reserve started increasing the fed funds rate back in March 2022. The increase in rates was rather swift, since March, the best CD rates on 12-month certificates of deposit are now over 2.00 percent. In fact, the highest 12-month CD rate right available today on the rate list is at 2.15% APY.
CD rates for December 21, 2018, didn't make new highs but two banks did increase CD rates overnight. The current best 1 year CD rate is still at 2.90 percent from ableBanking. The highest 6 month CD rates are at 2.46 percent from another online bank VirtualBank. The highest 3 month CD rates today are at 2.15 percent from Popular Direct. The two banks that increased their CD rates are Sallie Mae and Bank Direct. Of those CD rate increases, the most notable increases are from Bank Direct which increased CD rates by 49 basis points on all CD terms below 3 years. To get the best CD rates today online search and compare CD rates. Read more...
We just reached a new milestone for 12 Month CD rates in 2017 as rates continue to inch higher. Crestmark Bank is now offering 12 Month CD rates at 1.80 percent. Just about two months ago, we reported a new high for 1 year CD rates at 1.70 percent. That new high was also from CrestMark Bank. You can read about that post Crestmark Bank Best Rate 1.70%.The uptrend for CD rates will continue for the rest of this year and into at least 2018 and it may last even longer if the economy doesn't fall into a recession. The Federal Open Market Committee meets this month and will more than likely increase the fed funds rate by 25 basis points.Another fed funds rate increase will put additional upward pressure on short term interest rates. 1 year CD rates could therefore hit 1.90 percent this month and 2.00 percent sometime early in 2018. Back in early October, we forecast 1 year CD rates hitting 2.00 percent as a result of another fed funds rate increase. Read more...
There are new highs for money market rates and savings rates this week. The best variable deposit rate this week is from UFB Direct at 1.40 percent with an annual percentage yield of 1.41 percent. UFB Direct's variable account is actually called a money market savings account. The minimum opening deposit is $5k.Money market rates have been moving higher for about a year now as a result of the Federal Reserve increasing the federal funds rate. The Fed is expected to continue increasing rates, therefore, deposit rates will also move higher in the coming years.Rates moved much higher just over the summer. Back in June, the top MMA rate was at 1.15 percent, 26 basis points less than the current rate. Read the post at Rates Move Higher in 2017. Read more...
The Federal Reserve wrapped up their two day meeting yesterday and decided to keep the fed rates unchanged. The Fed was expected to stand pat on rates during the September meeting. Even though the Fed kept rates where they are, online CD rates continue to march higher.Between this Fed meeting and the last meeting in July, we have witnessed several new highs for short term CD rates. 1 year CD rates already made two new highs in the month of September. On September 5th, we reported the top 1 year CD rate increased to 1.60 percent and now the top 1 year rate is at 1.65 percent.We are still predicting 1 year CD rates will hit a high of 1.75 percent by the end of 2017 but only if the Fed increases the fed funds rate once more this year. You can see a list of the best 1 year CD rates listed below. Read more...
Variable deposit rates continue to inch slowly higher this week. The best savings rate available is at 1.25 percent with a yield of 1.26 percent. The best money market account rate available is slightly lower at 1.24 percent with a yield of 1.25 percent.Listed below are the best savings rates and money market rates available in our database for November 27, 2016.
Variable deposit rates have been slowly creeping up for the past several months. The interest rate increases have been small; in increments of less than 10 basis points for the most part. Even with the small increases, the best variable deposit rates are almost comparable to best the 1 year CD rates.The best savings rate on our rate database is at 1.25 percent with an APY of 1.26 percent from Popular Direct. This savings rate is only 4 basis points lower than the top 1 year CD rate in our database at 1.29 percent with a yield of 1.30 percent. The highest money market yield on our list is 5 basis point lower at 1.24 percent with a yield of 1.25 percent.Listed below are today's current highest savings rates and money market rates Read more...
Sallie Mae Money Market Account rates are now at 0.90 percent with a yield of 0.90 percent. View current Money Market Account rates at Sallie Mae below. Read more...
Sallie Mae Money Market Account rates are now at 0.90 percent with a yield of 0.90 percent. View current Money Market Account rates at Sallie Mae below. Read more...
Sallie Mae 5 Year Jumbo CD rates are now at 2.08 percent with a yield of 2.10 percent. View current 5 Year Jumbo CD rates at Sallie Mae below. Read more...
Sallie Mae Money Market Account rates are now at 0.90 percent with a yield of 0.90 percent. View current Money Market Account rates at Sallie Mae below. Read more...
The Federal Open Market Committee is scheduled to meet next month to decide the direction of monetary policy. All eyes will be on the Fed to see if they announce a federal funds rate hike. While a rate hike is more likely to happen next month than it was a few weeks ago, it still might not happen.The CME Group's FedWatch Tool currently has a 64.4 percent chance that the rate will remain at 0.50 percent. There is only a 35.6 percent chance that the rate will be increased 25 basis points to 0.75 percent. The 35.6 percent chance of an increase is actually up from 30 percent a day ago.Even if the Fed does raise the rate, it's not a foregone conclusion that banks will increase deposit rates. As the Fed increases the fed funds rate, banks will be under pressure to increase deposit rates. Banks that are interested in growing their deposits will feel that pressure. Read more...
2016 will be a better year for deposit rates after many years of watching rates decline to historic lows. The Fed will most likely increase the fed funds rate at least 3 or 4 times in 2016, on top of the 1 rate increase in 2015. While banks and credit unions haven't increased rates yet, it's only a matter of time before they do.Let's look forward to higher fixed and variable bank rates in 2016. Listed are the best savings rates and money market rates on Christmas Day 2015. You can check on all current deposit rates by searching our database of interest rates at MonitorBankRates.com.Best Savings Rates Christmas DayRead more...
The Fed meets in just over a month to decide on monetary policy. The strong November employment report makes it more likely the Fed participants will vote to increase the fed funds rate. A higher fed funds rate will lead to higher variable deposit rates, possibly as soon as next month.
November's unemployment rate fell to 5.00 percent and average hourly earnings have risen by 2.5 percent over the past year. The unemployment rate is now at the lowest level since April 2008, just before the financial crisis. The rate is also at a point where many Fed officials see as consistent with full employment.
Full employment and higher wage growth should force the Fed to vote on increasing rates. The CME Group's Fed Watch Tool puts the probability of a rate hike in December at 65.9 percent. Whether or not the rate is increased will depend on December's employment report.
There is a new top rate in our 1 year CD rate database. Connexus Credit Union is now offering 1 year certificate rates at 1.32 percent with an APY of 1.33 percent. As with any credit union, you are required to join Connexus CU to open a certificate account and you must meet eligibility requirements or to make a one-time $5 donation to Connexus Association, which will in turn make you a member of the credit union.
If you're not eligible or you don't want to join Connexus, there are two online banks in our database offering 1 year rates only 3 basis points lower than Connexus' rate. CIT Bank and E-Loan are both offering 1 year rates at 1.29 percent with an APY of 1.30 percent.
Listed below are the highest 1 year CD rates for October 28, 2015.
The Federal Open Market Committee (FOMC) meets again next week to decide on monetary policy. If the FOMC decides to increase the fed funds rate, CD rates will also move higher. Fed Chair, Janet Yellen, is still talking up a rate hike sometime in 2015 but some Fed officials say the first hike will happen in 2016.
The final FOMC meeting for 2015 will be in December. If a hike doesn't happen next week, the FOMC has one final chance to raise the rate this year. The CME's FedWatch Tool now has a 29.2 percent chance of a hike in December, down from 35.4 percent last month.
The past several months, banks and credit unions in our rate database have been slowing increasing their rates in anticipation of a Fed rate hike. Both short term and long term CD rates have been increased by financial institutions. The increases have been small but at least rates are finally moving higher after a half dozen years of decreases.
Banks kept variable deposit rates near current levels because the Federal Reserve decided not to increase the fed funds rate. The Fed meets again this month to decide interest rate policy and it's looking less likely the Fed will increase the rate this month.
The CME Group's FedWatch Tool has only about a 5 percent chance of a change in monetary policy at the October Fed meeting. Listed below are the best savings rates and money market rates. You can search our rate database for both national and regional rates at SavingsAccount.MonitorbankRates.com
By now you have probably heard the Fed didn't increase the fed funds rate this month so deposit rates have mostly remained the same. There is still hope for an increase in October's meeting but a lot will depend on September's employment report due to be released on Friday.
September 30, 2015 Deposit Rate Report
Best Money Market Rates
EverBank 0.61% Yield 1.11%
Dime 0.20% Yield 1.10%
Northeast Bank 1.09% Yield 1.10%
iGObanking.com 1.09% Yield 1.09%
ableBanking 1.00% Yield 1.00%
Sallie Mae Bank 0.90% Yield 0.90%
Ally Bank 0.85% Yield 0.85%
Synchrony Bank 0.85% Yield 0.85%
MyCBB 0.83% Yield 0.83%
Best Savings Rates
My Savings Direct 1.09% Yield 1.10%
Radius Bank 1.09% Yield 1.10%
The Palladian Private Bank 0.90% Yield 1.10%
Synchrony Bank 1.04% Yield 1.05%
CIT Bank 1.04% Yield 1.05%
GE Capital Bank1.04% Yield 1.05%
Barclays Bank 1.00% Yield 1.00%
iGObanking.com 1.00% Yield 1.00%
Ally Bank 1.00% Yield 1.00%
Discover Bank 0.95% Yield 0.95%
American Express Bank 0.90% Yield 0.90%
Average Deposit Rates
Money Market/Savings Min Deposit $10,000 Current Average Rate 0.510%
Money Market/Savings Min Deposit $25,000 Current Average Rate 0.600%
Money Market/Savings Min Deposit $50,000 Current Average Rate 0.610%
The Federal Open Market Committee meets in just over a week to decide on interest rates. August job's report, released last Friday, showed the labor market continuing to improve, adding pressure to the Fed to increase the fed funds rates.Whether or not the FOMC actually increases the fed funds rate is still up in the air. We hope the fed funds rate is increased 0.25 percent, so banks with the best rates will also increase their rates 0.25 percent. A few banks did change their rates this past week but there are no new high rates to report.The changes in rates are listed below along with the best CD rates currently available. Read more...
The direction of mortgage rates continues to baffle experts as rates hit new lows for 2014. Average mortgage rates made new lows this week on the heels of lower U.S. bond yields. Investors were spooked this past week by the fall in equity markets, sending investors to the safety of U.S. bonds which in turn, sent yields lower. Bond yields move in inverse to bond prices, so when prices move higher, yields move lower.
Mortgage rates hit yet another record low this morning. This is the seventh consecutive week 30 year fixed mortgage rates hit record lows. Conforming 30 year fixed mortgage rates and conforming 15 year fixed mortgage rates have hit record lows in this week’s Primary Mortgage Market Survey released by Freddie Mac. 30 year conforming mortgage rates are now under 4.50 percent and 15 year conforming mortgage rates are under 4.00 percent.
Average contract mortgage rates increased slightly in the most recent mortgage application survey released today. The average contract 30 year mortgage rate is higher average 4.69 percent for the week ending July 9, 2010 in the latest Weekly Mortgage Application Survey released by Mortgage Bankers Association (MBA). The average contract 30 year mortgage rate is up from last week's average of 4.68 percent. Mortgage rates won't head that much higher this year since the Fed sees slower growth in the 2nd half of 2010. If inflation isn't a concern the Fed won't raise interest rates anytime soon.
Mortgage rates hit yet another record low this morning. This is the seventh consecutive week 30 year fixed mortgage rates hit record lows. Conforming 30 year fixed mortgage rates and conforming 15 year fixed mortgage rates have hit record lows in this week’s Primary Mortgage Market Survey released by Freddie Mac. 30 year conforming mortgage rates are now under 4.50 percent and 15 year conforming mortgage rates are under 4.00 percent.
Average contract mortgage rates increased slightly in the most recent mortgage application survey released today. The average contract 30 year mortgage rate is higher average 4.69 percent for the week ending July 9, 2010 in the latest Weekly Mortgage Application Survey released by Mortgage Bankers Association (MBA). The average contract 30 year mortgage rate is up from last week's average of 4.68 percent. Mortgage rates won't head that much higher this year since the Fed sees slower growth in the 2nd half of 2010. If inflation isn't a concern the Fed won't raise interest rates anytime soon.
We just reached a new milestone for 12 Month CD rates in 2017 as rates continue to inch higher. Crestmark Bank is now offering 12 Month CD rates at 1.80 percent. Just about two months ago, we reported a new high for 1 year CD rates at 1.70 percent. That new high was also from 
Money market rates have been moving higher for about a year now as a result of the Federal Reserve increasing the federal funds rate. The Fed is expected to continue increasing rates, therefore, deposit rates will also move higher in the coming years.Rates moved much higher just over the summer. Back in June, the top MMA rate was at 1.15 percent, 26 basis points less than the current rate. Read the post at 
Between this Fed meeting and the last meeting in July, we have witnessed several new highs for short term CD rates. 1 year CD rates already made two new highs in the month of September. On September 5th, we reported the 
