For the second year in a row, Sallie Mae Bank – the retail banking arm of Sallie Mae, a saving, planning, and paying for college company – has been ranked among the “Best Banks of 2016” by GOBankingRates.com. The site is a leading portal for personal finance and consumer banking information. This year, Sallie Mae Bank is one of the 10 “Best Banks of 2016 for CD Accounts.”
“Savers looking to grow their money can find some of the most competitive CD rates at Sallie Mae Bank,” said Cameron Huddleston, personal finance expert and Life + Money columnist for GOBankingRates. “For that reason, the bank’s CD products are among the best in the U.S. for 2016.”
GOBankingRates evaluated 12-month certificates of deposit (CDs) and five-year CDs on minimum- deposit-to-open requirements and annual percentage yields (APY).
“We are committed to helping our customers save, plan, and pay for college with financial products and services that are responsible, sound, and competitively priced,” said Paul Thome, president, Sallie Mae Bank. “We are proud to be recognized as one of the 10 best banks in the U.S. for CD accounts – and for our efforts to help students and families make college happen.”
Sallie Mae Bank is a subsidiary of SLM Corporation, commonly known as Sallie Mae. All of Sallie Mae Bank’s savings products are FDIC-insured. For more information,visit SallieMae.com/banking.
