Sallie Mae CDs
The new Sallie Mae CDs is the leading financial institution for saving, planning and paying for your personal education. To date they have helped over 31 million people fill this dream. This financial institution is new to issuing CDs, just how do they compare to the nation as a whole?
The national average, as reported by the FDIC on May 24, 2010, was for the 60 month 2.09%, 48 month 1.78%, 36 month 1.55%, 24 month 1.21%, 12 month 0.77%, 6 month 0.50%, 3 month 0.33%, and 1 month CD at 0.19%.
Sallie Mae offers three different Certificates of Deposit for investment purposes. The 12 month CD has an APY of 1.55%. The 36 month CD has an APY of 2.40%, and the 60 month CD has an APY of 3.00%.
These CD rates are all higher than the national average by almost a full point. Their 3 year CD is higher than the national average for a 5 year CD and the 1 year CD pays out just as much as the national average for a 3 year CD. Because of this, these are attractive investments.
These rates are no fluke. For the past 2 months, the 12 month CD has increased its rate by 0.05% and the 36 month CD has seen an increase of 0.20%.
To open an account and be eligible to receive these CD rates only take 10 minutes online. This type of investment is guaranteed a return by being insured by the FDIC. There are no monthly fees associated with any CD. There is also no minimum deposit, but you must have some money in the CD to earn the advertised APYs.
These rates for Sallie Mae CDs were posted on May 24, 2010 and are still current as of May 27, 2010.
For additional resources about CDs on this website about another state, please view Earthstar Bank CD Rates.
The Police and Fire Federal Credit Union (PFFCU) Online Banking is available on our sister website of onlinebanksblog.com. Also available on the sister site of bankcdratesonline.com is St. Louis CD Rates.
We strive to bring you the latest and most accurate data possible from the home sites of the financial institutions we name. Always remember – the bigger the risk, the larger the reward or loss. Invest with caution.
Related posts:
- Sallie Mae CD Rates
- Sallie Mae CD Rates – Best 3 Year CD Rates
- CD Rates Florida
- Local CD Rates
- Best Oklahoma CD Rates
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Best Oklahoma CD Rates | Best CD Rates Says:
[...] For additional resources about CDs on this website about another state, please view Sallie Mae CDs. [...]
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