Sallie Mae Bank 2026 Review

Mika L.
Written by Mika L.
Financial Content Writer

Sallie Mae Bank4.6/5

Rate (APY)
4.20% APY
Term
5 years
Minimum Deposit
$2,500
Promotion
N/A
Apply Now →on Sallie Mae Bank's website

Sallie Mae Bank shines for its consistent 4.20% APY on 5-year CDs, making it a strong contender for savers who prioritize stability and a reputable banking experience.

Pros:

  • Competitive rates
  • Reputable institution

Cons:

  • Higher minimum deposit compared to others

Sallie Mae Bank is an excellent choice for savers seeking a reliable, competitive rate on a long-term investment, particularly those who can meet the minimum deposit requirement and value the security of a well-established institution. With its attractive 4.20% APY on 5-year CDs, it caters well to those looking to grow their savings steadily over time.

Frequently Asked Questions

Compare CD Rates

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

Provider ↕Rate ↓Term ↕Min Deposit
Connexus Credit Union4.30% APY17 months$5,000Learn more
NASA Federal Credit Union4.28% APY5 years$1,000Learn more
Abound Credit Union4.25% APY1 year$500Learn more
Vibrant Credit Union4.25% APY6 months$5Learn more
TAB Bank4.20% APY60 months$1,000Learn more
United Fidelity Bank, fsb4.20% APY5 years$1,000Learn more
Sallie Mae Bank4.20% APY5 years$2,500Learn more
Popular Direct4.17% APY1 year$10,000Learn more
BTG Pactual4.15% APY1 year$500Learn more
Bread Savings4.00% APY6 months$1,500Learn more
CommunityWide Federal Credit Union4.00% APY6 months$1,000Learn more
SF Fire Credit Union4.00% APY7 months$250Learn more
Marcus by Goldman Sachs3.80% APY5 years$500Learn more
First Internet Bank of Indiana3.76% APY6 months$1,000Learn more
Synchrony Bank3.75% APY5 years$0Learn more
Big Horn Federal Savings Bank3.691% APY5 years$500Learn more
AbleBanking3.50% APY6 months$5,000Learn more
Farmers and Merchants Bank3.50% APY12 months$1,000Learn more

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