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Sallie Mae also offers an array of CDs with competitive yields, including a 13-month promotional CD that delivers a 5.20% APY. Find out if Sallie Mae's CDs are worth it for you. Sallie Mae Bank CD ...
A CD that requires no set minimum deposit can guarantee a high yield without needing to lock in a large amount of money. ... High-yield savings accounts. ... Sallie Mae Bank and Synchrony Bank.
Unlike a traditional savings account, a certificate of deposit holds your money for a fixed period of time — terms of one month to five years or longer — paying out the interest your deposit ...
SLM Corporation (commonly known as Sallie Mae; originally the Student Loan Marketing Association) is a publicly traded U.S. corporation that provides consumer banking.Its nature has changed dramatically since it was set up in the early 1970s; initially a government entity that serviced federal education loans, it then became private and began offering private student loans.
Why it stands out: The Sallie Mae Bank CD Account offers an annual percentage yield of 0.60% for a 12-month CD, which is among the best. Pros: 0.60% 12-month APY. No monthly fees. Cons:
A jumbo CD is a certificate of deposit that requires a minimum of $100,000 to open the account. Like regular CDs, jumbo CDs come with a fixed interest rate and term.
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