Sallie Mae Now Offers the Nation’s Top Interest Rate for its New Online High-yield Savings Account
Tuesday, July 13th, 2010 | Comments Off on Sallie Mae Now Offers the Nation’s Top Interest Rate for its New Online High-yield Savings Account
Sallie Mae is currently offering a 1.55% APY for its 1 year CD. That’s well above the national average of .68% APY. There are no minimum balances or monthly fees, and your money is FDIC insured.
It is also offering a 2.40% APY for 3-year CDs, 3.00% APY for five year certificates of deposit. These are the highest possible yields you can find in the country.
Sallie Mae warns that the advertised annual percentage yield for the High-Yield Savings Account is subject to change after opening. The APY rate applies to personal accounts only, not business accounts.
