Rate table | Sallie Mae

Skip to main content Skip to login

Savings and money market accounts
Product name	Minimum balance to open account	Balance required to obtain APY	Interest rate	Annual Percentage Yield (APY)
Money Market Account Open an account	$0	$0	0.40%	0.40% APY
SmartyPig Account Open an account	$0	$0.01 – $2,500	0.70%	0.70% APY
	$0	$2,500.01 – $10,000	0.70%	0.70% APY
	$0	$10,000.01 – $50,000	0.45%	0.45% APY
	$0	$50,000.01+	0.45%	0.45% APY
High-Yield Savings Account Open an account	$0	$0	0.35%	0.35% APY

Certificates of deposit (CDs) Open a CD
Term	Minimum balance to open account	Balance required to obtain APY	Interest rate	Annual Percentage Yield (APY)
6 months	$2,500	$2,500	0.30%	0.30% APY
9 months	$2,500	$2,500	0.30%	0.30% APY
11 months	$2,500	$2,500	0.30%	0.30% APY
12 months	$2,500	$2,500	0.45%	0.45% APY
13 months	$2,500	$2,500	0.45%	0.45% APY
15 months	$2,500	$2,500	0.45%	0.45% APY
18 months	$2,500	$2,500	0.45%	0.45% APY
24 months	$2,500	$2,500	0.45%	0.45% APY
30 months	$2,500	$2,500	0.45%	0.45% APY
36 months	$2,500	$2,500	0.45%	0.45% APY
60 months	$2,500	$2,500	0.45%	0.45% APY

Deposit products are offered through Sallie Mae Bank, Member FDIC.

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 04/11/2021. Fees could reduce earnings. Please refer to the Account Terms and Conditions Agreement for details.

Advertised Interest Rates and Annual Percentage Yields (APY) for the SmartyPig Account are variable and may change after account opening, are based on your aggregate account balance on all your SmartyPig goals (including your Primary Account) plus your month to date accrued interest which may not have yet posted to your account, apply to personal accounts only, and are accurate as of 04/11/2021. The ongoing APYs and Interest Rates associated with different account balances are: If your daily balance is more than $0 but $2,500 or less the interest rate paid on the entire balance in your account will be 0.70% with an annual percentage yield of 0.70%. If your daily balance is more than $2,500 but $10,000 or less the interest rate paid on the entire balance in your account will be 0.70% with an annual percentage yield of 0.70%. If your daily balance is more than $10,000 but $50,000 or less the interest rate paid on the entire balance in your account will be 0.45% with an annual percentage yield of 0.45%. If your daily balance is more than $50,000 the interest rate paid on the entire balance in your account will be 0.45% with an annual percentage yield of 0.45%. Please refer to the SmartyPig Account Terms and Conditions Agreement for details.

Advertised Interest Rate and Annual Percentage Yield (APY) for the Sallie Mae High-Yield Savings Account are variable and may change after account opening, applies to personal accounts only, and are accurate as of 04/11/2021. Fees could reduce earnings. Please refer to the Account Terms and Conditions Agreement for 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 04/11/2021. A penalty may be charged for early withdrawal. Fees could reduce earnings. Please refer to the Account Terms and Conditions Agreement for details.

SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE. CHECK SALLIEMAE.COM FOR THE MOST UP-TO-DATE PRODUCT INFORMATION.