Sallie Mae Bank Reviews, Rates and Information

About

Sallie Mae Bank is known as a lender for students and education, but the bank also offers other services like deposit accounts, credit cards, and insurance to support the aim of making education affordable. The retail banking arm of Sallie Mae opened in 2005 and operates solely online, offering high interest rates on money market accounts, savings accounts and certificates of deposit. These accounts carry low fees to make saving affordable and help customers keep the interest their money earns. It offers convenient access online and through the Sallie Mae Bank mobile app, as well as customer support by phone. All deposits with Sallie Mae Bank are FDIC insured.

Sallie Mae Bank retail services focus on deposit accounts for saving. The options Sallie Mae Bank offers include a money market accounts high-yield savings account and certificates of deposit. Each of these carries rates above the national average and charges no monthly maintenance fees. Sallie Mae Bank high-yield savings accounts and money market accounts provide great returns without sacrificing liquidity. CD terms from Sallie Mae Bank range from 12 months to five years. These accounts also offer additional features aimed at helping customers save for educational costs.

Product Information

About Sallie Mae Bank's Products & Services

Sallie Mae Bank is a leader in finance. Evaluate their rates and account options below, then open an account securely to take advantage of these great rate offers.

Sallie Mae Products

  • High-Yield Savings

  • Money Market

  • Term CDs

More Products

  • Student Loans

  • Insurance

  • Credit Cards

Sallie Mae Bank Rates

Sallie Mae Bank: National Interest Rates

All rates effective as of 03/21/2016

Rate (APY)

Account Type

Estimated Balance for 1 year

1.25%APY

1 Year CD

$25,313
1.80%APY

5 Year CD

$25,450
0.85%APY

Savings

$25,213
0.90%APY

Money Market

$25,225
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Today's Featured Rate

Sallie Mae Bank Bank Fees

Type

Fee

National Average

Return Deposit

$5.00
$14.00

Domestic Wire Transfer (Outbound)

$20.00
$22.00

Stop Payment Item

$15.00
$27.00

Non sufficient Fund Overdraft

$19.00
$9.00

Customer Reviews

Sallie Mae Bank Customer Service Information

Sunday
Closed
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Closed
175 S W. Temple Ste 600 Salt Lake City, UT 84101 1-888-272-5543
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