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Sallie Mae Online Banking is easy and familiar since so many Americans have had their student loans with this financial institution in their past. To help earn your new business when investing in CDs or opening savings accounts, the Sallie Mae Bank is offering interest rates that are well above the national average. This way your money will earn its greatest return on investment. Members of its Upromise college savings rewards program have earned $600 million to help pay for college. Sallie Mae is also one of the leading financial service providers for universities and governments at all levels, including supporting $8 billion in ecommerce transactions annually at nearly 1,000 campuses. The bank rates for the New Online High Yield Savings account are presently at 1.10%. With this account there is no minimum balance or opening deposit required, but unless you make a deposit no return on an investment can be made. The interest rate with this account is compounded daily and all deposits up to $250,000 are insured by the FDIC. There are also certificates of deposits with the Sallie Mae Bank. They have terms from 1 year to 5 years in length. Again there is no minimum deposit amount to open or obtain the stated APYs with these accounts. The current CD rates include the 1 year CD is presently earning an APY of 1.20%. The 3 year CD is earning an APY of 1.55%. The best CD rates are form the 5 year CD. This CD is earning an APY of 2.15%. Even with no minimum deposit with either of these accounts are required, the Sallie Mae Bank reserves the right to close any account that has a balance of $1 or less at their discretion. The savings account rates were posted on June 17, 2011 and the CD rates on March 4, 2011. Both sets of rates are current but subject to change without notice. You can view open and view your Sallie Mae Online Banking accounts via the internet for your convenience 24/7. 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. For you to learn a lot more regarding CD Rates Interest, Bank Rates, Sovereign Bank Online, CD Rates, SunTrust CD Rates, Chase Online Banking, Online Banks, Westpac Online Banking, CD rates, PNC Online Banking, chase CD rates from Author pay a visit to - http://onlinebanksblog.weebly.com Article Source : http://www.onlinebanksblog.com/sallie-mae-online-banking/
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