What are the current interest rates at Sallie Mae?

Current rates for Sallie Mae include: 12-Month CD: 4.10%, 18-Month CD: 4.40%, 24-Month CD: 4.40%, 36-Month CD: 4.45%, 60-Month CD: 4.50%, Savings: 3.85%, MMA: 3.60%

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Sallie Mae Rates & Review October 2026

Q: How many branches does Sallie Mae operate?

Sallie Mae 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, Sallie Mae 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, Sallie Mae 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: October 7, 2026

Sallie Mae's top rates as of October 7, 2026 are 4.50% APY on its 60-Months 60-Month Certificates of deposit (CDs) CD, 3.85% APY on savings, and 3.60% APY on money market accounts, according to rates verified by MonitorBankRates. Other Sallie Mae CD rates include 60-Month 60-month CD at 4.50%, 36-Months 36-Month Certificates of deposit (CDs) at 4.45%, and 15-Months 15-Month Certificates of deposit (CDs) at 4.40%. MonitorBankRates evaluates the financial stability of Sallie Mae with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 4.70%. Rates last updated and verified on 10/07/2026.

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.

Verified Healthy Q2 2026 Use This Badge on Your Bank Website

Overall Health & Safety Grade

A+

Exceptional Health Score: 98/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

4.70%

Excellent Lower than avg

Health Trend

Very strong 12 quarters

Full history ›

Sallie Mae Bank

175 S West Temple
Salt Lake City, UT 84101

https://www.salliemae.com

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Financial health data as of Q2 2026 (FDIC call report for the quarter ended June 30, 2026). This is the most recent call report available. The FDIC publishes bank call reports about eight weeks after each quarter ends.

Sallie Mae CD Rates

Product	Rate	APY	Term
60 Month Certificates of deposit (CDs)	4.40%	4.50%	60 months
Min Deposit $2,500 Min Balance $2,500 Last Updated 10/07/2026 Rate History 1 change since Sep 18, 2026 · 4.40% → 4.50% ▲ 0.10 pts · high 4.50% / low 4.40% Sep 27, 20264.50%▲ from 4.40% Sep 18, 20264.40%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.70%
60-month CD	4.50%	4.50%	60 month
Min Balance $2,500 Details Advertised Interest Rate and Annual Percentage Yield (APY) for Certificates of Deposit may change after maturity, applies to personal accounts only, and are accurate as of 10/06/2026. A penalty may be charged for early withdrawal. Fees could reduce earnings. Please refer to the Account Terms and Conditions Agreement for details. Last Updated 10/07/2026 Rate History No change since Oct 7, 2026 · 4.50% APY · checked 2 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.70%
36 Month Certificates of deposit (CDs)	4.35%	4.45%	36 months
Min Deposit $2,500 Min Balance $2,500 Last Updated 10/07/2026 Rate History 1 change since Sep 18, 2026 · 4.40% → 4.45% ▲ 0.05 pts · high 4.45% / low 4.40% Sep 27, 20264.45%▲ from 4.40% Sep 18, 20264.40%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.70%
15 Month Certificates of deposit (CDs)	4.31%	4.40%	15 months
Min Deposit $2,500 Min Balance $2,500 Last Updated 10/07/2026 Rate History No change since Sep 18, 2026 · 4.40% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.70%
15-month CD	4.40%	4.40%	15 month
Min Balance $2,500 Details Advertised Interest Rate and Annual Percentage Yield (APY) for Certificates of Deposit may change after maturity, applies to personal accounts only, and are accurate as of 10/06/2026. A penalty may be charged for early withdrawal. Fees could reduce earnings. Please refer to the Account Terms and Conditions Agreement for details. Last Updated 10/07/2026 Rate History No change since Sep 18, 2026 · 4.40% APY · checked 3 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.70%
18 Month Certificates of deposit (CDs)	4.31%	4.40%	18 months
Min Deposit $2,500 Min Balance $2,500 Last Updated 10/07/2026 Rate History 1 change since Sep 18, 2026 · 4.30% → 4.40% ▲ 0.10 pts · high 4.40% / low 4.30% Sep 27, 20264.40%▲ from 4.30% Sep 18, 20264.30%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.70%
24 Month Certificates of deposit (CDs)	4.31%	4.40%	24 months
Min Deposit $2,500 Min Balance $2,500 Last Updated 10/07/2026 Rate History 1 change since Sep 18, 2026 · 4.35% → 4.40% ▲ 0.05 pts · high 4.40% / low 4.35% Sep 27, 20264.40%▲ from 4.35% Sep 18, 20264.35%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.70%
30 Month Certificates of deposit (CDs)	4.31%	4.40%	30 months
Min Deposit $2,500 Min Balance $2,500 Last Updated 10/07/2026 Rate History 1 change since Sep 18, 2026 · 4.35% → 4.40% ▲ 0.05 pts · high 4.40% / low 4.35% Sep 27, 20264.40%▲ from 4.35% Sep 18, 20264.35%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.70%
13 Month Certificates of deposit (CDs)	4.26%	4.35%	13 months
Min Deposit $2,500 Min Balance $2,500 Last Updated 10/07/2026 Rate History 1 change since Sep 18, 2026 · 4.20% → 4.35% ▲ 0.15 pts · high 4.35% / low 4.20% Sep 27, 20264.35%▲ from 4.20% Sep 18, 20264.20%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.70%
12 Month Certificates of deposit (CDs)	4.21%	4.30%	12 months
Min Deposit $2,500 Min Balance $2,500 Last Updated 10/07/2026 Rate History 1 change since Sep 18, 2026 · 4.20% → 4.30% ▲ 0.10 pts · high 4.30% / low 4.20% Sep 27, 20264.30%▲ from 4.20% Sep 18, 20264.20%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.70%
11 Month Certificates of deposit (CDs)	4.02%	4.10%	11 months
Min Deposit $2,500 Min Balance $2,500 Last Updated 10/07/2026 Rate History No change since Sep 18, 2026 · 4.10% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.70%
6 Month Certificates of deposit (CDs)	3.15%	3.20%	6 months
Min Deposit $2,500 Min Balance $2,500 Last Updated 10/07/2026 Rate History No change since Sep 18, 2026 · 3.20% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.70%
9 Month Certificates of deposit (CDs)	3.15%	3.20%	9 months
Min Deposit $2,500 Min Balance $2,500 Last Updated 10/07/2026 Rate History No change since Sep 18, 2026 · 3.20% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.70%

Sallie Mae Savings Rates

Product	Rate	APY
High-Yield Savings Account	3.78%	3.85%
Min Deposit $0 Min Balance $0 Last Updated 10/07/2026 Rate History No change since Sep 18, 2026 · 3.85% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.70%
SmartyPig Savings Account	-	3.40%
Min Balance $0 Details Balance: $0.01 - $2,500 Last Updated 10/07/2026 Rate History No change since Sep 18, 2026 · 3.40% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.70%
SmartyPig Savings Account	-	3.40%
Min Balance $2,500 Details Balance: $2,500.01 - $10,000 Last Updated 10/07/2026 Rate History No change since Sep 18, 2026 · 3.40% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.70%
SmartyPig Savings Account	-	3.40%
Min Balance $10,000 Details Balance: $10,000.01 - $50,000 Last Updated 10/07/2026 Rate History No change since Sep 18, 2026 · 3.40% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.70%
SmartyPig Savings Account	-	3.40%
Min Balance $50,000 Details Balance: $50,000.01+ Last Updated 10/07/2026 Rate History No change since Sep 18, 2026 · 3.40% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.70%

Sallie Mae Money Market Rates

Product	Rate	APY
Money Market Account	3.54%	3.60%
Min Deposit $0 Min Balance $0 Last Updated 10/07/2026 Rate History No change since Sep 18, 2026 · 3.60% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.70%
Money Market Account	3.34%	3.40%
Min Balance $0 Details Advertised Interest Rate and Annual Percentage Yield (APY) for the Sallie Mae Money Market Account are variable and may change after account opening, applies to personal accounts only, and are accurate as of 10/06/2026. Fees could reduce earnings. Please refer to the Account Terms and Conditions Agreement for details. Last Updated 10/07/2026 Rate History 1 change since Sep 18, 2026 · 3.60% → 3.40% ▼ 0.20 pts · high 3.60% / low 3.40% Oct 2, 20263.40%▼ from 3.60% Sep 18, 20263.60%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.70%

Sallie Mae Other Rates

Product	Rate	Points	APY/APR
Career Training Loan	-	-	2.08%
Details Published APR range: 2.08%-17.64%. Fixed rates; Lowest rates shown include the auto debit discount. Only the most creditworthy applicants who choose the interest repayment option may receive the lowest rate. Last Updated 10/07/2026 Rate History 1 change since Sep 15, 2026 · 1.95% → 2.08% ▲ 0.13 pts · high 2.08% / low 1.95% Sep 18, 20262.08%▲ from 1.95% Sep 15, 20261.95%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.70%
Career Training Loan	-	-	3.75%
Details Published APR range: 3.75%-17.14%. Variable rates; Lowest rates shown include the auto debit discount. Only the most creditworthy applicants who choose the interest repayment option may receive the lowest rate. Last Updated 10/07/2026 Rate History 1 change since Sep 15, 2026 · 1.95% → 3.75% ▲ 1.80 pts · high 3.75% / low 1.95% Sep 18, 20263.75%▲ from 1.95% Sep 15, 20261.95%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.70%
Graduate Loan	-	-	2.08%
Details Published APR range: 2.08%-14.99%. Fixed rates; Lowest rates shown include the auto debit discount. Only the most creditworthy applicants who choose the interest repayment option may receive the lowest rate. Last Updated 10/07/2026 Rate History 1 change since Sep 15, 2026 · 1.95% → 2.08% ▲ 0.13 pts · high 2.08% / low 1.95% Sep 18, 20262.08%▲ from 1.95% Sep 15, 20261.95%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.70%
Graduate Loan	-	-	3.75%
Details Published APR range: 3.75%-14.48%. Variable rates; Lowest rates shown include the auto debit discount. Only the most creditworthy applicants who choose the interest repayment option may receive the lowest rate. Last Updated 10/07/2026 Rate History 1 change since Sep 15, 2026 · 1.95% → 3.75% ▲ 1.80 pts · high 3.75% / low 1.95% Sep 18, 20263.75%▲ from 1.95% Sep 15, 20261.95%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.70%
Undergraduate Loan	-	-	2.08%
Details Published APR range: 2.08%-17.49%. Fixed rates; Lowest rates shown include the auto debit discount. Only the most creditworthy applicants who choose the interest repayment option may receive the lowest rate. Last Updated 10/07/2026 Rate History 1 change since Sep 15, 2026 · 1.95% → 2.08% ▲ 0.13 pts · high 2.08% / low 1.95% Oct 7, 20262.08%▲ from 1.95% Sep 15, 20261.95%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.70%
Undergraduate Loan	-	-	3.75%
Details Published APR range: 3.75%-16.95%. Variable rates; Lowest rates shown include the auto debit discount. Only the most creditworthy applicants who choose the interest repayment option may receive the lowest rate. Last Updated 10/07/2026 Rate History 1 change since Sep 15, 2026 · 1.95% → 3.75% ▲ 1.80 pts · high 3.75% / low 1.95% Oct 7, 20263.75%▲ from 1.95% Sep 15, 20261.95%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.70%
High-Yield Savings Account	-	-	3.85%
Min Balance $0 Details Balance: $0 Last Updated 10/07/2026 Rate History No change since Sep 18, 2026 · 3.85% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.70%
Money Market Account	-	-	3.60%
Min Balance $0 Details Balance: $0 Last Updated 10/07/2026 Rate History No change since Sep 18, 2026 · 3.60% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.70%
SmartyPig Account	3.34%	-	3.40%
Min Deposit $0 Min Balance $0 Details Balance: $0.01 - $2,500 Last Updated 10/07/2026 Rate History No change since Sep 18, 2026 · 3.40% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.70%
SmartyPig Account	3.34%	-	3.40%
Min Deposit $0 Min Balance $2,500 Details Balance: $2,500.01 - $10,000 Last Updated 10/07/2026 Rate History No change since Sep 18, 2026 · 3.40% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.70%
SmartyPig Account	3.34%	-	3.40%
Min Deposit $0 Min Balance $10,000 Details Balance: $10,000.01 - $50,000 Last Updated 10/07/2026 Rate History No change since Sep 18, 2026 · 3.40% APY · checked 5 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.70%
SmartyPig Account	3.34%	-	3.40%
Min Deposit $0 Min Balance $50,000 Details Balance: $50,000.01+ Last Updated 10/07/2026 Rate History No change since Sep 18, 2026 · 3.40% APY · checked 6 times Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.70%

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

Sallie Mae’s Texas Ratio fell from 5.38% in Q3 2023 to 4.70% in Q2 2026, so its financial health has stayed very strong over the past 12 quarters. Over the same period its Star Rating moved from 5.0 to 5.0. Lower Texas Ratios are healthier — this bank’s entire history sits far below the 15% threshold 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 Grade

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	$28.5B	4.70%	5.0	A+
March 31, 2026	$29.5B	5.06%	5.0	A+
December 31, 2025	$29.7B	5.24%	5.0	A+
September 30, 2025	$29.6B	4.81%	5.0	A+
June 30, 2025	$29.5B	4.27%	5.0	A+
March 31, 2025	$28.9B	4.81%	5.0	A+
December 31, 2024	$30.0B	5.29%	5.0	A+
September 30, 2024	$29.9B	4.36%	5.0	A+
June 30, 2024	$28.7B	4.42%	5.0	A+
March 31, 2024	$28.3B	5.06%	5.0	A+
December 31, 2023	$29.1B	5.97%	5.0	A+
September 30, 2023	$29.2B	5.38%	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 Sallie Mae 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 Sallie Mae 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 Sallie Mae's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name Sallie Mae

FDIC Certificate # 58177

Address 175 S West Temple, Salt Lake City, UT 84101 · Salt Lake

Website https://www.salliemae.com

Established 20051128

FDIC Insurance Date 20051128

Domestic Offices 1

Total Branches 1

Regulator FDIC

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

A+

Overall Health Grade Score: 98/100

5.0

Exceptional Out of 5.0 Stars

4.70%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) 2.7652%

Return on Equity (ROE) 27.5100%

Non-Performing Loans (NPL) 0.48%

Total Assets $28,541,289,000

Total Deposits $20,327,301,000

Equity Capital $2,907,313,000

Net Income $404,334,000

Headquarters Salt Lake City

Total Branches and Offices 1

Source: FDIC | Last Updated 06/30/2026

Q2 2026 MBR Health & Safety Badge

Sallie Mae earned the Verified Healthy badge

Display this badge on your website to show visitors your Q2 2026 MonitorBankRates recognition. The badge links back to this profile page for independent verification.

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Frequently Asked Questions About Sallie Mae

How many branches does Sallie Mae operate?

Sallie Mae 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, Sallie Mae 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, Sallie Mae provides members with tools to manage their accounts and build a solid financial history.

Does Sallie Mae offer online and mobile banking?

Most modern institutions like Sallie Mae 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.salliemae.com.