Both 12-Month and 36-Month CD Rates Now Ranked No. 1 on
Bankrate.com
Sallie Mae, the nation’s leading saving, planning, and paying for
college company, today announced its rates for both 12- and 36-month certificates
of deposit now rank No. 1 nationally for 5-star-rated banks on
Bankrate.com. Sallie Mae Bank recently increased both its 12-month
certificate of deposit rate to 1.25 percent annual percentage yield
(APY) with an interest rate of 1.24 percent, and its 36-month
certificate deposit rate to 1.60 percent APY with an interest rate of
1.59 percent.
“Helping customers effectively save, plan, and pay for college and
providing responsible and competitive financial products go hand in
hand,” said Paul Thome, president, Sallie Mae Bank. “Increasing our
rates to the top of the class can benefit more families as they pursue
their college savings goals.”
The Sallie Mae Bank 12-month certificate of deposit and 36-month
certificate of deposit carry no fees and no maximum balance. The
accounts require a minimum deposit of $2,500. Sallie Mae Bank also
offers a high-yield
savings account, a competitively priced 60-month
certificate of deposit at 2.10 percent APY and a money
market deposit account with an interest rate at least nine times the
Bankrate.com national average rate as of July 2, 2015.
Sallie Mae Bank, member FDIC, is a subsidiary of SLM Corporation,
commonly known as Sallie Mae. For more information or to open an
account, visit SallieMae.com/banking.
Sallie Mae (NASDAQ: SLM) is the nation’s saving, planning, and
paying for college company. Whether college is a long way off or just
around the corner, Sallie Mae offers products that promote responsible
personal finance including private education loans, Upromise rewards,
scholarship search, college financial planning tools, and online retail
banking. Learn more at SallieMae.com.
Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are
not sponsored by or agencies of the United States of America.
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